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Mattress Mack is putting plenty of springs in the game.
The Houston furniture store owner named Jim McIngvale made a major wager on Wednesday. Via David Purdum of ESPN.com, McIngvale flew to Colorado, logged into the DraftKings mobile betting app, and placed a $3.46 million bet on Super Bowl LV.
Mattress Mack took the Buccaneers getting 3.5 points. The magnitude of the bet triggered a higher vigorish (-127, more than the usual -110). He’ll win $2.72 million if the bet pays off.
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The bet helps Mattress Mack hedge against his store’s risks arising from sports-based promotions. Customers who spend $3,000 or more on a new mattress get their money back if the Buccaneers beat the Chiefs on Sunday.
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Mattress Mack, given the point spread, could have it both ways, if the Chiefs win by fewer than four points. He’d keep his mattress money, and he’d carry away another $2.72 million from DraftKings.
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Via Purdum, the largest Super Bowl bet happened 19 years ago, when someone placed a $4.8 million money-line wager on the Rams to beat the Patriots with MGM in Las Vegas.