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The Books Love a Loser: ‘Mattress Mack’ Out $9.5 Million on Super Bowl Bets

Written by:
Don Shapiro
Published on:
Feb/14/2022

Houston furniture mogul Jim McIngvale, also known as "Mattress Mack", managed to lose $9.5 Million on Super Bowl bets taken at Caesars Sportsbook.  That company confirmed to Gambling911.com they had indeed taken the record setting bets from McIngvale.

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His bets were on the Bengals to win outright, which they did not.  Cincinnati did cover against the 4-point spread, but "Mattress Mack" had his wagers on the moneyline.

Had he won, the profit would have been $16.15 million.

“I figure it’s more of a toss-up,” McIngvale told ESPN earlier this week about his rationale for betting on the underdogs to win outright. “It could come down to a final field goal, like a lot of these exciting playoff games.”

McIngvale placed the bets in neighboring Louisiana.  That state recently amended its laws to allow mobile sports betting in all but a handful of parishes.  Texas still prohibits the activity and plans to continue outlawing it for the foreseeable future.

- Don Shapiro, Gambling911.com

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