Sports betting fanatic and Houston-area furnishings mogul Jim “Mattress Mack” McIngvale is making one other large wager on a high-profile sporting occasion.
He made waves within the sports activities betting world over the previous couple of days because it was revealed that he wagered $3.46 million on the Super Bowl. On Wednesday, he flew to Colorado, a state that lately legalized sports activities betting, and positioned the seven-figure wager on the DraftKings cellular app.
McIngvale took the Tampa Bay Buccaneers with the unfold. The NFC consultant within the Super Bowl is getting 3.5 factors in opposition to the defending champion Kansas City Chiefs.
He famously misplaced $13 million betting on the Houston Astros to win the 2019 World Series. He made the wager as a hedge in opposition to a promotion he was operating at his furnishings retailer. During the 2019 Major League Baseball season, McIngvale stated that if the hometown workforce gained the World Series, he would give clients a full refund on any mattress buy of $3,000 or extra.
He is operating a virtually equivalent promotion at his retailer this yr, providing the identical refund and worth level if the Bucs defeat the Chiefs this Sunday. Given the unfold, if the Chiefs win by lower than 4 factors, he gained’t should refund his clients and likewise win $2.72 million from the Boston-based on-line sportsbook.
While lots of his high-profile bets are hedges in opposition to retailer promotions, McIngvale clearly likes to gamble. Last yr, he misplaced $2 million betting in opposition to the Chiefs within the playoffs. He wager $1 million on them to lose in each the AFC Championship sport and the Super Bowl.
“Tampa Bay is loaded with talent on both sides of the ball and led by the greatest football player of all time in Tom Brady, so I’m betting big on the Bucs who have overcome tough matchups throughout this postseason,” stated McIngvale in an announcement on the DraftKings web site. “The NFL has only seen eight instances of back-to-back champions and none in the past 16 years, so I like my chances going into Super Bowl LV for this trend to continue.”
