- Big money bettor Mattress Mack placed a $3.46M bet on the Tampa Bay Buccaneers to cover a 3.5 point spread against the Kansas City Chiefs at Super Bowl LV
- It is also the second-largest bet ever made on the Super Bowl, with the $4.8M bet on the Rams at Super Bowl XXXVI.
- If Tampa Bay wins, Mack will refund customers who spent at least $3,000 at his Gallery Furniture store in Houston.
Big Money gambler Jim “Matress Mack” McIngvale has placed the largest bet so far for Super Bowl LV. The Houston furniture mogul has placed a $3.46M bet on the Tampa Bay Buccaneers to cover a 3.5 point spread against the Kansas City Chiefs.
According to screenshots provided by Mattress Mack himself, the bet is split in two ways. One bet is worth $3,388,136.54 and a second one was worth $47,863.46. The first bet would win $6,064,764.41 while the second one would yield $85,675.59. If the Bucs cover the 3.5 point spread, Mack would win $6,150,440.
Mattress Mack is Back
🚨 MATTRESS MACK IS BACK 🚨
— br_betting (@br_betting) February 4, 2021
McIngvale worked up to 10 p.m. on Wednesday, boarded a plane from his native Texas and landed in Colorado Springs near midnight. He spent less than 45 minutes on the ground in Colorado Springs, placing a bet via mobile app from the airport, before heading right back to the plane.
Money Back Promotions to Customers
Mattress Mack has $3.46 million on the Bucs +3.5 in the #SuperBowl and is offering money back to customers who spend at least $3,000 on mattresses/box springs if Tampa Bay wins. So, his sweet spot looks like a close Chiefs victory. https://t.co/YZkizEI9aH via @houstonchron
— Matt Young (@Chron_MattYoung) February 4, 2021
Mattress Mack is known to utilize betting markets to hedge against sales promotions at his Houston furniture store. For instance, he bet $1M on the San Francisco 49ers to beat the Kansas City Chiefs in last year’s Super Bowl. He promised a rebate to customers who spent $3,000 or more at his Gallery Furniture store.
He is running the same promotion this year, as buyers who spend at least $3,000 on a new mattress at his store will get their money back if Tampa Bay covers the 3.5 point spread against Kansas City on Super Bowl Sunday.
During the 2019 World Series, he reportedly lost a total of $11M including a $3.5M futures bet on the Houston Astros which he placed via DraftKings at Biloxi, Mississippi. Houston lost to the Washington Nationals in seven games.
Second Largest Super Bowl Bet Ever
Mattress Mack just placed the second biggest Super Bowl bet of all time on Brady and the Bucs 😳
$3,460,000 on the Bucs to cover🤯 pic.twitter.com/5WMDqFVixK
— ClutchPoints Betting (@CPBetting) February 4, 2021
The largest reported bet made on the Super Bowl was a $4.8M Moneyline bet on the L.A. Rams to beat the New England Patriots in Super Bowl XXXVI. The bet, which was made at MGM in Las Vegas in 2002, lost after Tom Brady and the Patriots upset the Rams 20-17.
But while Mack’s $3.46 bet is just the second largest Super Bowl bet ever, it is the largest best so far received for Super Bowl LV. Last week, a $2.3M bet was placed at BetMGM. The wager was for the Tampa Bay Buccaneers to cover a 3.5-point spread at -115. The bet would pay out $2M if the Bucs win.
But while the two largest bets made for Super Bowl LV have been made on the Buccaneers, the heavy betting action has been on Kansas City. William Hill sportsbook reported that as of Wednesday, 82% of the money that has been bet on the point spread has been on the Chiefs.