Houston businessman Jim McIngvale is back with another headline-grabbing sports bet, this time plunking down more than $4.5 million on the underdog Cincinnati Bengals to win the Super Bowl in a wager he placed from his mobile phone in Louisiana.
The Bengals are +170 underdogs for Super Bowl LVI, in which they will face the Los Angeles Rams on Feb. 13. McIngvale got those odds from Caesars Sportsbook Louisiana, placing several bets of $200,000 to get his final total of $4,534,000 on the moneyline on the Bengals. He reportedly drove across the Texas border into Louisiana on Thursday to place the historic bet, which Caesars claims is the largest mobile wager they’ve ever accepted.
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Who is Mattress Mack?
Known as “Mattress Mack,” McIngvale owns several furniture stores in the Houston area, and in the past, he’s made noteworthy sports wagers tied to promotions for his mattress locations. In 2019 he placed more than $13 million in bets on the Astros to win the World Series, offering customers a $3,000 rebate on the purchase of a mattress if the bet was successful. He lost that bet but sold a lot of furniture.
He made a similar bet and promotion on the Astros in the 2021 World Series, which Houston also lost. But the marketing and sales that his stores receive from his sports wagers have helped offset his losses. After seeing his bets on the Astros fail in 2019, McIngvale said he “would do it all over again.”
This is not McIngvale’s first foray into NFL betting. Earlier this season he reportedly lost $2 million betting on the Patriots to win the Super Bowl, and he lost $2.7 million on Alabama in the NCAA Football title game in January. Both times, McIngvale reaped the benefits of increased sales at his stores through a related promotion. In the AFC Championship Game, McIngvale wagered $1.1 million on the Bengals on the moneyline and won when the team upset the Chiefs to advance to the Super Bowl.
Potential win: $7,707,800
— Caesars Sportsbook (@CaesarsSports) February 4, 2022
Where To Place Your Bets: Louisiana Sports Betting — Live Sportsbook apps
Mobile Sports Betting in Louisiana
Online sports betting launched in Louisiana on Jan. 28, with five sportsbooks, including Caesars, debuting at that time. The state offers mobile sports betting in 55 of the state’s 64 parishes, and sports bettors can place their wagers within any of those areas.
Since Texas has yet to pass sports betting legislation and does not offer legal sports betting of any kind, many fans in that state choose to drive into neighboring Louisiana to place their bets.
Photo courtesy of Ken Murray/Icon Sportswire