Big Bets Being Placed on Super Bowl LVI

Jim McIngvale (L) and Linda McIngvale. Bob Levey/Getty Images for UNICEF/AFP

With the Super Bowl upon us, let’s entertain ourselves with a look at the big bets that people are making on this game.

Biggest Sporting Event Annually

The Super Bowl is annually the biggest sporting event of the year. This is not only true for those watching on television around the world, but also for bettors. With this being said, let’s take a look at the bettors who are really treating this game like the biggest one of the year.

Checking out the gigantic investments some have made in this game may inspire you to be more aggressive with your own bankroll. At the very least, it’s entertaining to keep track of these news items in the sports betting world.

Million-Dollar Parlay 

At a casino in St. Louis, a bettor wagered one million dollars on the Super Bowl. What is particularly interesting and indeed bold and daring about this bet is that it is not a straight wager. It is a parlay. This bettor wagered one million dollars that the Bengals will win the game straight-up and that the game total will stay under the total of 48.5 points.

His Bengals ML and “under” parlay would yield him 4.15 million dollars if it hits. The fact that this bet on the Bengals was placed in St. Louis may raise some eyebrows. Bettors are not showing any bias or residual loyalty towards the former St. Louis Rams. Instead, more bettors are showing faith in the Bengals.

More Million-Dollar Bets 

So far, two more million-dollar bets have been placed on the upcoming Super Bowl. The largest bet, amounting to five million dollars, was placed at Caesars Sportsbook. The bold bettor is Jim McIngvale, more commonly known as “Mattress Mack.” 

As his nickname suggests, he’s a mattress salesman. He’s based in Houston, Texas. According to Caesars Sportsbook, this is the all-time biggest wager ever placed at a legal sportsbook. The second-biggest wager ever placed actually comes from the same gentleman. He topped his own previous record of 4.5 million dollars, which he invested in the same game.

Mattress Mack placed both bets on the Bengals ML at +170. If he were to win, he would net a total of $16,207,800. Evidently, a Bengal win would make some wealthy gentlemen all the wealthier. Conversely, a Ram victory would really please top sportsbooks like Caesars.