"Jim "Mattress Mack" McIngvale lost $9.5 million betting on the Cincinnati Bengals to win the Super Bowl" -- It gets worse.
Posted by
David (aka David)
Feb 15 '22, 10:24
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"Jim "Mattress Mack" McIngvale lost $9.5 million betting on the Cincinnati Bengals to win the Super Bowl but got up Monday morning, put on his "big boy britches" and was back to work selling furniture.
McIngvale, a beloved icon in Houston where he owns Gallery Furniture, has garnered national attention by placing big sports bets and attempting to mitigate his losses with promotional giveaways at his store.
He lost his bets when the Bengals lost a late lead and fell to the Los Angeles Rams 23-20 Sunday night in Super Bowl LVI. The Bengals covered the 4-point spread but McIngvale bet on the moneyline, meaning he needed a Bengals win. At the same time, he ran a promotion that offered customers who spent at least $3,000 on mattresses and furniture at his store their money back if the Bengals won.
The loss, on top of losses on Alabama in the national title game and future bets on the New England Patriots and Tennessee Titans, has resulted in $18 million in betting losses since the calendar turned to 2022.
Mattress Mack 2022 notable wagers
Lost $9.5 million on Cincinnati in Super Bowl
Lost $2 million on New England to win Super Bowl at 20-1 odds
Lost $700,000 on Titans to win Super Bowl (+850 future)
Lost $6.15 million on Alabama to win College Football Playoff at around +130 odds"
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