‘Mattress Mack’ Loses $1 Million on Titans Bet in AFC Championship Game
Credit: Darren Rovell
Kansas City Chiefs 2, Mattress Mack -$2,000,000
The Chiefs’ 35-24 victory over the Tennessee Titans on Sunday cost the Houston furniture and mattress mogul Jim McIngvale, also known as “Mattress Mack,” $1 million.
Mack bet on the Titans on Sunday morning, flying from Houston to Mississippi to make two $500,000 bets in person — one at the Beau Rivage, the other at the Scarlet Pearl.
McIngvale didn’t bother taking the 7-point spread, instead opting for the +300 moneyline, meaning he stood to profit $3 million if Tennessee had won.
“I got tricked into thinking Derrick Henry was invincible,” he told The Action Network.
McIngvale added that he didn’t watch much of the game, as he was working at his Gallery Furniture store.
Just a week prior, Mack had made the same trip to put $1 million on the Texans moneyline. The Texans were famously up 24-0 before getting outscored 51-7 the rest of the way. The Chiefs did it again on Sunday, coming from down 17-7 to prevail 35-24.
The Scarlet Pearl — a DraftKings sportsbook, out of D’Iverville, Miss. — has now made $7.7 million off “Mattress Mack” over the last four months. When the Astros didn’t win the World Series, Mack lost $6.2 million at that establishment, $1 million last week and $500,000 this week.
“Mattress Mack” lost a little more than $13 million betting on the Astros to win the World Series. The bets were a hedge against a free furniture promotion that carried more than $20 million liability, McIngvale said.
Mack told The Action Network that he doubts he’ll bet Super Bowl 54.