Floyd Mayweather Jr. has been known as many things. Literally, whether it is changing his in-ring boxing names, the media and public calling Mayweather just about every name under the sun, or the pundits and critics on both sides of the fences loving to hate him and hating to love him.
It is well known that Floyd “Money” Mayweather loves three things – boxing, gambling, and more importantly money.
His social media is littered with ridiculous posts and stacks of cash, what’s crazier is the gambling habits – always in the spotlight for his gambling antics, Floyd Mayweather’s huge bet on Peyton Manning and the Denver Broncos in the 2014 Super Bowl against the Seattle Seahawks.
Mayweather Bet huge on the NFL Super Bowl
Money Mayweather bet $19 million AUD on that game – which he lost as Russell Wilson and the Seahawks flogged the dismal Broncos in a 43-8 win, which had many thinking it was Petyon’s last game in the NFL.
Now, no sports betting company would make a bet of this caliber – but that didn’t stop Mayweather from his huge bet. In fact, it was reported across social media that it took a ridiculous combination of seven different sportsbooks and four offshore accounts.
Especially considering how unfair the pressures would have been on Peyton Manning and the Broncos – maybe Peyton heard about that Mayweather Bet? That would explain his depressing efforts in the Super Bowl that day.
This isn’t the only time Floyd “Money” Mayweather bet big with sports betting.
The Mayweather Bet that earned $1.46 billion AUD
With the history that Money has with sports betting and gambling, they all pale in comparison to the enormous stacks of cash that his first big bet made.
What did he bet on that could make $1.46 billion you are thinking?
Well, Mayweather bet on himself.
This was big, and to put it in perspective – before he was Floyd “Money” Mayweather and making over $150 million AUD each time in the boxing ring – he was known as “Pretty Boy” Floyd Mayweather, and he couldn’t even sell tickets for a meat tray at your local RSL.
It was bad, back in 2000 “Pretty Boy” Floyd was 22-0 and faced the 40-6-1, Gregorio Vargas in Mayweather’s fifth WBC Super Featherweight title defence. No one was interested, a little over 5,000 came to the MGM Grand in Las Vegas – it was sad because at the time the LA Times were reporting that 1,500 of those tickets were freebies.
No doubt embarrassing for the man who has always told every man and his dog that he was the best thing since sliced bread.
Mayweather goes all in on himself
In 2006, he turned down an $11 million AUD deal with his promoter, the well-known Top Rank and its chairman Bob Arum to bet on himself. Mayweather paid Top Rank $1.1 million AUD to bail on his contract and self-promote his fights.
This was risky. There were no guarantees for cash from this point on and it just about tore up any hope Mayweather had of boxing with the great De La Hoya.
For many boxers, this would have spelled an end to any boxing career.
But not for Floyd Mayweather.
He was always unhappy with the way that Top Rank went about promoting him – he wanted the level of attraction that Mike Tyson and De La Hoya were getting. At the time, Mayweather was continuing to ask Top Rank to promote him to the hip-hop market – a more urban market.
When Mayweather got out of the Top Rank contract – he went straight at it, and it worked.
Top Rank chairman Bob Arum spoke with Yahoo Sports in 2015 about Mayweather demanding the hip-hop market.
“He turned out to be 100% correct… he left us and he went out and did that and he became hugely successful with that market”
“Money” Mayweather craved the attention of the urban, hip-hop market – and soon enough the world craved Mayweather.
Clearly the decision for Mayweather to bet $1.1 million AUD on himself was a knockout.
“Pretty Boy” was over and the era of “Money” Mayweather had begun
The money would start pouring in for Mayweather as his lifetime earnings from boxing totaled $1.46 billion AUD, after his latest bout with UFC fighter Connor McGregor on 26 August 2017 – culminating in Money Mayweather reaching a 50-0 record as he defeated McGregor with ease, by TKO in the 10th round.
The Mayweather and McGregor Bout Really Happened
Since breaking up with Top Rank, Mayweather has enjoyed an extremely successful stretch in his boxing career. Even the Connor McGregor bout – which to everyone’s surprise – the impossible really did happen.
It was Mayweather’s fifteenth fight and since then, Mayweather had gone on to sell more pay-per-views and generated significantly more pay-per-view revenue than any other boxer.
Many people hate Mayweather, and he gives you plenty of reasons to dislike him – but the man knows how to sell himself and create a need for his bouts.
Mayweather holds records for five of the top six gates in Nevada history – including the top three! Simply unheard of.
In 2015, Mayweather cashed in on a $381.6 million AUD payday with his Pacquiao bout. But this was outdone with the 2017 Mayweather v McGregor bout which no one would have expected as being a possibility.
It happened though. And Mayweather made a fortune again, pocketing a cool $403.6 million AUD with his dominant showing over McGregor – who was competing in his first professional boxing fight.
Attempted Mayweather Bet of $580,000
Mayweather was already making a fortune from an easy outing in the ring. But remember, Mayweather loves to gamble.
David Purdum of ESPN reported that Money Mayweather attempted to place a $580,000 AUD bet on himself winning the fight against McGregor under 9.5 rounds.
In retrospect, as Mayweather won the fight in the 10th round, he would have pocketed another $293,000 AUD – if he was allowed to place the bet.
Purdum reported that the M Resort in Vegas were struggling with whether it would be legal or ethical for Mayweather to place such a bet on anything outside of winning the head-to-head market.
Mayweather left the cash with a friend, but apparently the sportsbook would only allow the bet to total $127,000 AUD.
A considerable difference, but to Mayweather and his betting habits – this is just playing with rainy day money.
One thing is certain, Floyd Mayweather is the greatest pound-for-pound boxer in the history, and his promotion skills changed the game; paving the way for personalities like Connor McGreggor who followed a similar, highly cocky and offensive attitude towards bouts.
Come to think about it, we have seen this before Mayweather too – one man who had all the “swagger” – the rolex wearin’, diamond ring wearin’, kiss stealin’, wheelin’ dealin’, limousine ridin’ jet flyin’ son of a gun – 16 time WWE World Heavyweight Champion, Ric Flair! Wooo!