MIAMI — A furniture store magnate known for making enormous bets is at it again.
This time it comes in the form of a $1 million bet on the 49ers to win the game, a bet that if Jim “Mattress Mack” McIngvale wins, would net him $1.2 million, via the Action Network. McIngvale is placing the bet in large part to offset a promotion at his Gallery Furniture stores.
GO NINERS! Buy a Tempur-Pedic Sleep Set of $3,000 or more and if the team from San Francisco WINS the BIG GAME on Sunday, February 2nd in Miami, receive 50% of YOUR MONEY BACK or 100% back in IN-STORE CREDIT! #biggame #sanfrancisco #miami #galleryfurniture
— MattressMack (@MattressMack) January 30, 2020
McIngavale made headlines last year for losing $13 million betting on the Astros to win the World Series. He also bet $1 million against the Chiefs in both the AFC Divisional Round and AFC Championship Game.
According to the Action Network, 53 percent of the public money is on the Chiefs, with 64 percent of the “sharp money” from big bettors also favoring the Chiefs.