Floyd Mayweather Loses $3 Million on Alabama Bet

Updated: September 3, 2012

We told you a few days ago that Money Mayweather was planning on hitting up a spree of books with his Michigan +14 hunch, to the tune of just under $3 million. No word has arisen if Floyd actually placed such a bet but you can believe his twitter mentions were on fire as Alabama rocked Michigan 41-14.

The thing is, while he may have bet $3 million on the game, there is a strong possibility not all of that was on Alabama losing the contest. According to Black Sports Online Money May is known to hedge his big bets:

“Floyd routinely bets both sides of a game. That way he never fully loses. It is something a lot of gamblers do if they have enough money. He might have put $1.5 on Michigan and $1.5 on Bama, if Michigan wins he makes a profit, if they lost like they did, he doesn’t take a full $3 million hit. It is smart, so both of the of those stories could be right.”

Either way the #MoneyTeam will remain in full effect.

Never forget, we got indoor and outdoor pools over here!


Written by D. Wash

Founder, MockDraftHQ.com (2006). Denver Broncos, Charlotte Bobcats fan. Fan of football, technology, and battle rap. Shannon Sharpe is the greatest. Everything else is debatable.

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