He is planning to get a “healthy six figures” on the game through prop bets with a goal to win at least 3% of his total wagers. (Last February Mack lost $9.5 million betting on the Bengals, but he sold $20 million worth of furniture during a Super Bowl promotion.) “I'm out $750,000,” McIngvale says of this year’s wager, “but that’s better than taking the wrong side on this deal and being out $10 million.”īill Krackomberger, a veteran professional sports gambler, agrees with McIngvale about how difficult it is to get smart money down. Late last year, Mack placed that six-figure futures bet on the Cincinnati Bengals to win Super Bowl LVII at 12-1 odds, but they lost to the Chiefs in the AFC Conference Championship game. In truth, Mack already lost $750,000 betting on the Super Bowl in October.

“I’m sitting this one out,” says McIngvale, “the odds are too tight.” Legendary Houston furniture salesman and sports bettor Jim McIngvale, better known by his nom de gambling “ Mattress Mack,” says he’s not placing one of his outrageous multimillion-dollar bets on Super Bowl LVII despite the publicity it brings to his furniture chain. Set Gambling Record In 2022 With More Than $54.9 Billion In Revenue By Will Yakowiczįinding an edge for the Super Bowl is traditionally difficult. If all three events happen on Super Bowl Sunday, Steve’s payday has 9-1 odds. Steve, for example, has a same-game parlay tying three bets together: Patrick Mahomes for three touchdowns Jalen Hurts for one rushing touchdown and DeVonta Smith with over 50 yards receiving. “I have my bookie, but DraftKings and the other gambling companies are thriving on the parlays with aggressive odds,” he says.Ĭompanies like FanDuel, PointsBet, DraftKings and others are offering what’s known as same-game parlay bets, an increasingly popular way to get action on the game.

In 2022, he wagered $1,500 on the Super Bowl, but this year, he says he will risk between $2,500 and $5,000, mostly on prop bets and parlays. “It’s no surprise that the Chiefs are playing the Eagles.” But, that won’t stop him from gambling more money this year than last. “It’s not a very sexy game,” says Steve, an avid gambler from Illinois who did not want to reveal his last name for professional reasons. Even fans who are not particularly excited about this year’s Super Bowl will lay down a little action.

Where to place super bowl bets