Mattress Mack may have lost $9.5 million betting on the Cincinnati Bengals to win Super Bowl LVI, but he’ll sleep well tonight. That’s because Mack, whose real name is Jim McIngvale, sold $20 million worth of furniture thanks to a Super Bowl promotion he hedged with his wager on the Bengals…
McIngvale has been running these types of promotions and hedging against them with sports wagers for about 15 years, so he says he’s not feeling too sore about losing his $9.5 million wager.
“The biggest thing I’m disappointed with is the fact that my customers didn’t get free furniture,” McIngvale says minutes after Rams wide receiver Cooper Kupp caught a pass from quarterback Matthew Stafford in the end zone to win the game 23-20.
Last week, he laid out a $4.5 million bet on Cincinnati to beat the Rams at +170. On Friday, which happened to be McIngvale’s 71st birthday, he wagered another $5 million on the Bengals. According to Caesars Sportsbook, with whom he placed the bets, his $9.5 million stake would’ve paid $16.2 million.
