"Mattress Mack," also known as Houston furniture store owner Jim McIngvale, has placed a $1.2 million bet on the No. 1 Alabama Crimson Tide (+125) to defeat the No. 3 Georgia Bulldogs in the College Football Playoff National Championship (Jan. 10, 8 p.m. ET on ESPN).
Should he win the bet, placed through Caesars Sportsbook, McIngvale would win $1.5 million.
Mattress Mack said Georgia (-3) being listed as an early favorite got his attention and created a promotion at his stores tied to Alabama.
"We've done a lot of these promotions in the past and with a game with this much attention, wanted to be a part of it," McIngvale told ESPN.