Floyd Mayweather Loves to Bet
By Steve Beauregard
Floyd Mayweather Jr. is one of the most successful, rich, controversial, and charismatic boxers to have stepped into the ring. He’s won Olympic medals, boxing titles, hundreds of millions of dollars, and even appeared on “Dancing With the Stars.” Yet nowadays, Mayweather may be most famous for his legendary sports bets.
Mayweather is one of the highest earning athletes in history, with over $420 million in earnings, according to Forbes. Perhaps more impressive is the Las Vegas resident’s fearlessness when at the betting window.
A brash personality who has been known to literally throw thousands away making it “rain” at Las Vegas nightclubs, and a fighter famous for getting into a fight with rapper T.I. at the Fatburger on the Las Vegas Strip, is even more outrageous when it comes to betting on football games. He calls $50,000 and $100,000 per game bets “normal.”
Most of his sports bets take place at one of the CG Technology sports books (they apparently take all bet sizes). CG Technology runs the sportsbooks at the Palms, Cosmopolitan, and the M Resort, among others.
It was at the M Resort, where, on October 12, 2014, Mayweather bet $815,000 on the Denver Broncos to beat the New York Jets by at least 7 ½ points. Like all of the pro-Denver bettors that day, he got extremely lucky.
With just seconds left in the game, the Jets had the ball, down by seven. Mayweather would need the Broncos to stop the Jets, get the ball back, and score, (all within a few seconds), to avoid losing his $815,000.
A miracle came when Jets quarterback Geno Smith threw an interception that was returned by Broncos cornerback Aqib Talib for a touchdown, putting the Broncos up by 14 – safely beyond the 7.5 points needed for the win.
Smith’s untimely interception helped put another $623,923.08 cents in Mayweather’s already bulging pockets.
On September 21, 2014, he bet $720,000 on the Colts to cover a 7 point spread against the lowly Jacksonville Jaquars. He won, cashing in a $1.4 million ticket (or roughly $700,000 in profit).
The Las Vegas Review-Journal reported that Mayweather bet $1 million on the Patriots to beat the Broncos in a December 2011 playoff game during the height of Tebow-mania. Unfortunately, for us Bronco fans, he won that bet.
A 2012 report had Mayweather supposedly betting $1.8 million on the L.A. Clippers to beat the Memphis Grizzlies. Miraculously, the Clippers came back from 21 down in the 4th quarter to win.
By comparison, Floyd’s college basketball bets are relatively tame. During the 2014 Final Four, he made two different $30,000 plus bets on the University of Connecticut Huskies. The two winners paid a combined $75,000 in profit.
Mayweather’s largest bets however, may be ones that aren’t confirmed. (Las Vegas sports books typically do not comment on, or “out” their customers.
In June of 2013, Las Vegas rumors ran rampant that Mayweather bet $5.9 on game 7 of the Miami Heat/Indiana Pacer series. Sources said Mayweather bet on the Heat to cover the 7 point spread, spreading his money around different sportsbooks, as the ones operating at the time wouldn’t take a single $5.9 million bet. If true, Mayweather would have scored big, as the Heat won by 23 points.
After the February 2014 Super Bowl, (in which my beloved Broncos were crushed), Mayweather denied rumors that he had bet $10 million on Denver.
Of course, Mayweather does not post his losing bets.
Money May, as some call him, also seems to like him some pit games as well. He’s posted photos on his Instagram account of $75,000 in white Wynn $5,000 chips, as well as $125,000 worth of $25,000 chips from the MGM Grand.
While he may be one of the biggest sports bettors in the world, Mayweather can afford it.
According to Forbes magazine, Mayweather was the highest paid athlete in the world in 2014, raking in an almost unbelievable $105 million. That’s even more impressive when you consider he doesn’t earn any endorsement income (being charged with domestic violence sort of hurts your endorsement opportunities).
His September 2013 fight against Canelo Alvarez was particularly lucrative. In one night of work (if you don’t consider a lifetime of training, work), Floyd Mayweather made $70 million. In other words, enough to bet on some football games. (Photo courtesy of Roof via Flickr).