Mattress Mack’s $2 Million Bet on the Patriots: A High-Stakes Play in Super Bowl LX

Jim “Mattress Mack” McIngvale has once again made his way into the headlines with a massive sports wager. The Houston furniture mogul, famous for linking large sports bets to his retail promotions, dropped a $2 million wager on the Patriots to win Super Bowl LX against the Seattle Seahawks.

This is the largest reported Super Bowl bet taken so far on the game, with kickoff quickly approaching. McIngvale placed the wager before the AFC Championship Game against the Broncos, locking in +200 odds.

If New England wins the big game, that ticket will pay out $4 million. Here, we will break down the details of the bet and examine the Patriots’ chances of hoisting the Lombardi Trophy.

The Reasoning Behind the Bet

Mack’s wager is part of a strategic promotional model he’s used for years. At his Gallery Furniture stores in Houston, customers who spend $4,000 or more on qualifying merchandise will be eligible for a full refund if the Patriots win on Sunday.

In essence, that furniture sale acts as McIngvale’s hedge.

If New England pulls off the upset, the refunds are covered by his lucrative sportsbook ticket. If they don’t, he keeps the sales revenue without having to issue refunds.

This approach has worked well for Mack in the past. Mattress Mack entered the national spotlight in 2022 when he bet on the Houston Astros during their World Series run, collecting a reported $72.6 million in sports betting payouts.

That payout was one of the largest legal wins in U.S. history, but it hasn’t all been victories for Mack. He also lost a $4.5 million bet on the Cincinnati Bengals in Super Bowl LVI, along with several other high-profile wagers.

However, McIngvale also benefits from massive free advertising. By tying his promotional refund offer to the Patriots’ success, he is generating headlines and driving traffic to his stores.

He is widely regarded as a marketing genius, and this wager is just one example of his successful promotional campaigns over the years.

His presence in the betting markets has also influenced how fans and oddsmakers view this matchup, as he is perceived by many as a sharp bettor. Alongside Mack’s wager, other seven-figure bets have been placed on New England, including at least one $1.1 million moneyline bet at Circa Sports.

Super Bowl LX

Oddsmakers currently have the Seahawks favored by 4.5 points, making the Patriots the longer shot despite their surprising turnaround this season. Seattle is a strong team, but New England has done nothing but win, and some believe the Patriots are not getting enough credit.

This year’s Super Bowl betting handle is expected to be massive due to both large wagers and heavy public interest. Betting action and money have been split relatively evenly between the two sides.

Sharp money has leaned toward the Patriots +4.5. The line opened at 3.5, climbed to 5.5, and eventually settled in the middle.

Despite professional bettors backing New England against the spread, none of it matters once kickoff occurs. At that point, it’s up to the players on the field.

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