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Cool streak not stopping Mattress Mack from backing Kansas

Cool streak not stopping Mattress Mack from backing Kansas

The man known as “Mattress Mack” is back at it, hoping to turn his fortunes around with a bet on the NCAA Tournament.

Houston furniture store owner and noted sports bettor Jim McIngvale placed a $3.3 million wager on Kansas to defeat North Carolina in Monday’s NCAA national championship game.

At +190 odds, McIngvale would net $6.27 million in winnings if Kansas wins.

McIngvale previously made headlines when he placed a combined $9.5 million on the Cincinnati Bengals to win Super Bowl LVI. The Bengals lost to the Rams, but McIngvale protected himself by offering his furniture customers a $3,000 rebate on new purchases if Cincinnati won.

One of McIngvale’s two bets on that game, worth $5 million, was the largest Caesars had ever taken on a Super Bowl, the sportsbook told ESPN.

Before the Super Bowl, McIngvale picked wrong again when he lost $6.15 million betting on Alabama to win the College Football Playoff National Championship. Georgia defeated Alabama in the title game.

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