Super Bowl 56 odds, big bet: Public money flowing on Rams, but Mattress Mack drops record $5 million more on Bengals moneyline

On Thursday, Caesars Sportsbook was one of very few major U.S. books to drop the spread for Sunday's Super Bowl 56 from Los Angeles Rams -4 to -3.5 against the Cincinnati Bengals as one book sportsperson said: "We want to see what Rams money is out there." The good news is that public money is now flowing huge on the Rams currently and the spread is back up to -4 … but famous bettor Mattress Mack has dropped another $5 million on the Bengals moneyline at Caesars.

Mattress Mack, a Houston-area furniture magnate whose real name is Jim McIngvale, is known for his massive wagers as a hedge against promotions at his Gallery Furniture stores that offer refunds on certain purchases if a team wins a big event like the Super Bowl, World Series, national championship, etc.

His current "2022 Big Game Promo" invites customers to spend at least $3,000 on a designated mattress and living room furniture, and if the "the team from Cincinnati wins the big game" the mattress is free. If the Rams win, no refund.

McIngvale traveled to Louisiana to place the wager, according to Caesars. Mobile sports betting went live in Louisiana two weeks ago. The $5 million bet officially surpassed the biggest legal sports wager ever placed, which was a $4.9 million bet during the 2002 Super Bowl.

Mattress Mack previously had put down $4.5 million on the Cincinnati moneyline, and his combined $9.5 million would return $16.2 million if Joe Burrow and the Bengals pull off another upset.

"Caesar – at least for the moment – is a Rams fan," said Ken Fuchs, Head of Sports at Caesars Sportsbook. "With nearly $10 million invested by Mack at this point, it's impossible to sleep on his Bengals conviction. His latest $5 million bet is the largest wager ever made. Bets like these are exactly why we love the Super Bowl and what we do every day, making sports more exciting for anyone who wants in – whether it's the biggest bet in history or $10 put on the coin toss. We wish Mack the best with his play, and can't wait for Sunday's kickoff."

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