$1 million bet placed on 49ers-Chiefs Super Bowl

BONE Staff added this on January 30, 2020

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.

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.

 

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