Jim “Mattress Mack” McIngvale is quickly becoming one of the most renowned gamblers of this century.
The Houston furniture store owner, who has become famous for his bets on the Houston Astros over the last few years, is dipping his toes into the NFL betting waters this weekend.
According to ESPN’s David Payne Purdum, McIngvale plans to bet $1 million on the Tennessee Titans in the AFC Championship game at Kansas City. McIngvale wants nothing to do with the spread, as he reportedly is going to make a pair of $500,000 money-line bets instead. He will be flying to Mississippi on Sunday to place the wagers.
This bet has nothing to do with a promotion at his store, he says it is “just a good bet.” Tennessee is currently priced around +280 on the money-line as a 7.5-point underdog to the Chiefs.
McIngvale’s infamous furniture store promotion garnered tons of media attention in October. The 68-year-old promised to refund all purchases of more than $3,000 if the Astros won the World Series.
Due to the liability from the promotion’s popularity, “Mattress Mack” lost around $11 million in bets on the Astros. The Washington Nationals picked up a Game 7 win to close their Cinderella run through the postseason.
However, Mack said the liabilities for the promotion were north of $20 million, according to USA Today. Now, he likes the way Tennessee has been playing and plans to bet $1 million on the Titans tomorrow.
Kansas City head coach Andy Reid is 1-5 in conference championship games and 1-8 against the Titans during his career. The Chiefs opened as 10-point favorites, but the number quickly moved down to 7.5.
Sunday’s AFC Championship game is set to start at 3:05 p.m. ET on CBS.