Furnishings magnate ‘Bed Mack’ units prison sports activities making a bet report with $5 million guess on Cincinnati Bengals

Jim McIngvale, higher referred to as “Bed Mack,” has made historical past with a $5 million greenback guess at the Cincinnati Bengals, the single-largest prison sports activities guess ever. The former report was once set with a $4.9 million guess at the Tremendous Bowl in 2002.

The one moneyline guess was once made at the Caesars Sportsbook app in Lousiana, which introduced cell sports activities playing on Jan. 28.

Remaining week, McIngvale, the landlord of Gallery Furnishings in Houston, drove around the Texas border into Louisiana to make a $4.5 million greenback guess at the Bengals. If the Cincinnati crew wins – the businessman will accumulate $16.2 million.

McIngvale is understood for making multi-million greenback bets on giant video games. However he misplaced a $3.25 million guess at the Houston Astros to win the Global Collection remaining yr, in addition to his $6 million guess on Alabama to win the varsity soccer championship.

Mack informed CNBC in an interview that he wagers on sports activities as an insurance coverage hedge for the gross sales promotions he runs to attract shoppers into his Houston furnishings shops. The present promotion guarantees money back on purchases of greater than $3,000 if the Bengals win the Tremendous Bowl.