Floyd Mayweather: the betting man who bets big and rarely loses
Floyd Mayweather sits in a funny place in the public mind. He is loathed by many who think his boxing style is boring, loved by purists for his defensive skills, loathed by more for his gregarious cash-flaunting, and admired by even more for his ability to bring big money to the table.
He is the man who broke the notorious mould where boxer’s hold little to no power over promoters: Mayweather runs his own show in every sense.
In his early career he was contracted with Bob Arum of Top Rank, and in the contract was a clause that allowed him the option to pay $750,000 opt to of the contract should he wish.
This is where Mayweather possibly cashed in on his biggest bet yet. He paid Top Rank $750,000 to cut ties – despite cashing growing paycheques with the promotional outfit – as he had full faith that he could earn much more on his own terms.
He has taken the world’s highest paid athlete tag for many consecutive years, his earnings for 2014 were $105 million. Mayweather bet on himself and won outright. That much is clear.
His money-making ability, however, doesn’t stop at climbing into a boxing ring and outclassing opponents – he has also built a reputation as a big time gambler, placing huge bets and netting more in return.
Earlier this year on May 2 after out-boxing an outclassed Manny Pacquiao – in what was the most anticipated fight of at least the past few decades – he placed $350,000 in four bets that saw him win a handsome return of close to a million dollars.
Again, ‘Money’ Mayweather – as he calls himself – did not miss a chance to brag about his widely perceived ability to seemingly grow money, he Tweeted: “I don’t do anything for free. I bet $350,000.00 and walked away with $827,272.73”.
In Mayweather’s megafight against Pacquiao on May 2, he earned in excess of $400 million, which works out to roughly $1 million per punch that he threw (not even landed) in the fight.
Now that is a wage, hardly surprising he feels confident to throw more than a few quid at the bookies.
Mayweather also bet this year $200,000 on Golden State Warriors to beat Houston Rockets, a bet where he doubled his money to $400,000.
The brash and cocksure boxer loves nothing more than to broadcast his gambling success on his spectacle of a Twitter account – often posting photos of his bet slips, to prove that he really is the Money man. Good luck in creating a solid argument that suggests otherwise.
His betting love affair with Superbowl is something that goes back a long way, in 2012 he put $75,000 on Spurs, to return hours later to plonk another $200,000. He won that time too, even though he came close to losing.
But Mayweather simply doesn’t lose, not in the boxing ring, nor out of it. He really is a genuine Money Man – and no better moniker could be contrived to describe him.