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View Full Version : Floyd Mayweather bets 5.9 Million on Miami Heat.



bootypants
06-03-2013, 02:15 PM
http://nesn.com/2013/06/report-floyd-mayweather-jr-bets-5-9-million-on-heat-over-pacers-in-game-7-of-eastern-conference-finals/2/

Slug3
06-03-2013, 03:08 PM
He has some confidence that Miami will win by 7+, lol.

kozelkid
06-03-2013, 03:12 PM
As the article shows, when you're making 90mil a year, it ain't too bad.

I'm surprised the line is so high though.

AI
06-03-2013, 03:12 PM
What's the payout if he wins?

TeamSeattle
06-03-2013, 03:13 PM
I don't know whats more surprising the amount Floyd is forking out or the line for this game.

ztilzer31
06-03-2013, 03:14 PM
As the article shows, when you're making 90mil a year, it ain't too bad.

I'm surprised the line is so high though.

Really? Team with best record in the NBA vs #3 Seed. Game 7. In Miami. History shows that Miami should be heavily favored in this game IMO.

kozelkid
06-03-2013, 03:15 PM
Really? Team with best record in the NBA vs #3 Seed. Game 7. In Miami. History shows that Miami should be heavily favored in this game IMO.

I agree, but a 7 point margin is MASSIVE in my mind. I do think Miami wins, but that's a line I'd avoid. I'd figure it would be maybe 3-4.

lakerboy
06-03-2013, 03:16 PM
As the article shows, when you're making 90mil a year, it ain't too bad.

I'm surprised the line is so high though.

When you make more than 500k, you are taxed like 45%.

Athletes have to pay agents 5% too.

After taxes, he makes 45mil, and you shouldn't be betting more than 10% of your salary in one game. This is a bad financial move, and he will broke pretty soon if he keeps on doing this.

TheNumber37
06-03-2013, 03:17 PM
we are all thinking it. why not 6 mil or just a.cool 5. why 5.9 mil?

kozelkid
06-03-2013, 03:21 PM
When you make more than 500k, you are taxed like 45%.

Athletes have to pay agents 5% too.

After taxes, he makes 45mil, and you shouldn't be betting more than 10% of your salary in one game. This is a bad financial move, and he will broke pretty soon if he keeps on doing this.

Isn't it 90mil without the endorsements.

That said, no disagreements, and this isn't the first time Mayweather has been betting big. That said, I still find it hard to see him losing all his money with what he makes annually. Although AI proved me wrong in that regard.

Max.This
06-03-2013, 03:23 PM
7 is pretty big but if miami goes on a big run, leads can push past 7 very quickly

Sandman
06-03-2013, 03:23 PM
Honest question is Floyd legally allowed to bet on himself when he fights?

mjt20mik
06-03-2013, 03:26 PM
Its sad when people like this make more than the average college graduate. Lord knows he doesn't have any financial education. A bet of that caliber is just stupid.

LongWayFromHome
06-03-2013, 03:26 PM
we are all thinking it. why not 6 mil or just a.cool 5. why 5.9 mil?

cause that's all he has left

Knickrocketsfan
06-03-2013, 03:29 PM
Honest question is Floyd legally allowed to bet on himself when he fights?

Answer is no. Short legal answer is that it goes back to Pete Rose betting on his own team in baseball. It would not be in the best interst of the game to allow athletes to bet on themselves or their teams because depending on the amount they put down would sway average people who are betting on the game. E.g. if floyd is only betting 500K he is not confident he will win; however, when he bets big on himself people would see that as him being confident and bet more on him because he thinks he has a good chance to win.

Heediot
06-03-2013, 03:29 PM
As the article shows, when you're making 90mil a year, it ain't too bad.

I'm surprised the line is so high though.

That's still a lot of money imo. A pretty big sweat if you ask me.

lakerboy
06-03-2013, 03:29 PM
Isn't it 90mil without the endorsements.

That said, no disagreements, and this isn't the first time Mayweather has been betting big. That said, I still find it hard to see him losing all his money with what he makes annually. Although AI proved me wrong in that regard.

When Floyd first retired, he was so close to being broke already. I heard he had to sell some cars to pay his taxes. This is why he came back to fight. Good luck to him anyway. I wish he won't waste all of these blessings.

waveycrockett
06-03-2013, 03:35 PM
I was indifferent on how won bet Heat/Pacers but now I really hope the Heat lose lol

Ron!n
06-03-2013, 03:36 PM
Answer is no. Short legal answer is that it goes back to Pete Rose betting on his own team in baseball. It would not be in the best interst of the game to allow athletes to bet on themselves or their teams because depending on the amount they put down would sway average people who are betting on the game. E.g. if floyd is only betting 500K he is not confident he will win; however, when he bets big on himself people would see that as him being confident and bet more on him because he thinks he has a good chance to win.

It probably has more to do with making sure athletes dont start throwing fights to make big money through bets.

Ron!n
06-03-2013, 03:36 PM
Answer is no. Short legal answer is that it goes back to Pete Rose betting on his own team in baseball. It would not be in the best interst of the game to allow athletes to bet on themselves or their teams because depending on the amount they put down would sway average people who are betting on the game. E.g. if floyd is only betting 500K he is not confident he will win; however, when he bets big on himself people would see that as him being confident and bet more on him because he thinks he has a good chance to win.

It probably has more to do with making sure athletes dont start throwing fights to make big money through bets.

Minimal
06-03-2013, 03:44 PM
Stern already can make shitload of money out of Floyd if he makes sure Indiana wins this game.
But you know I won't lie, I feel the refs are gonna be on Miamis side this game.

tredigs
06-03-2013, 03:44 PM
It probably has more to do with making sure athletes dont start throwing fights to make big money through bets.

That would be betting on the other guy, which is clearly a conflict of interesting and understandably illegal...

His explanation made perfect sense as to why you can't bet on yourself in a 1 v 1 sport (or team in Pete Rose, etc's case).

Rockets4Life
06-03-2013, 03:46 PM
What's the payout if he wins?

Payout will be $11,519,047.62

NYKNYGNYY
06-03-2013, 03:50 PM
What a vagine why not make it an even 6 lol.... I wish i had 6 mil to not care about ......**** this world

Kashmir13579
06-03-2013, 03:59 PM
Hopefully he loses 5.9 mil

MrfadeawayJB
06-03-2013, 04:26 PM
Safe bet its obvious the league wants Miami to represent the east. I wonder if one day Floyd will be broke when his boxing days are over

2-ONE-5
06-03-2013, 05:26 PM
Payout will be $11,519,047.62

thats wrong. if he bet the money line Miami is obviously on the minus side and if he took the pts you risk losing the juice. You cant win more then u bet if u take the heat.

More-Than-Most
06-03-2013, 05:50 PM
I hope the heat win by 6 now.... If I was on the court and we were up by 8 and time was running out I would foul just to be a dick.

3RDASYSTEM
06-03-2013, 05:55 PM
When you make more than 500k, you are taxed like 45%.

Athletes have to pay agents 5% too.

After taxes, he makes 45mil, and you shouldn't be betting more than 10% of your salary in one game. This is a bad financial move, and he will broke pretty soon if he keeps on doing this.

If you actually keep up with athletes via articles or whatever then you would understand that he is basically playing with the $$$ he made on all his previous bets, its pretty impressive

so its like he's playing with his gambling $$$ he already is stacked on, on top of him being like the highest paid athlete this past yr

if he keeps going at this rate, he'll have enough gamble money to front everybody on psd a 1k each, and still have his annual high end salary

McPeak92
06-03-2013, 06:11 PM
Stern already can make shitload of money out of Floyd if he makes sure Indiana wins this game.
But you know I won't lie, I feel the refs are gonna be on Miamis side this game.
Is Mr. Stern a bookie? and yes NBA wants HEAT to win because LeBron = ratings but let's give the league a little more credit than to say that the refs will be on one side or another.

Raps18-19 Champ
06-03-2013, 06:32 PM
Not surprised of his gambling habits. IRS came calling when he ran out of money the first time. He keeps betting like this and he'll possibly in the same position.

ManRam
06-03-2013, 06:34 PM
even for a dude as rich as him, that's a lot.

more incentive to root for the pacers!

steelcityroller
06-03-2013, 07:22 PM
Answer is no. Short legal answer is that it goes back to Pete Rose betting on his own team in baseball. It would not be in the best interst of the game to allow athletes to bet on themselves or their teams because depending on the amount they put down would sway average people who are betting on the game. E.g. if floyd is only betting 500K he is not confident he will win; however, when he bets big on himself people would see that as him being confident and bet more on him because he thinks he has a good chance to win.


Honest question is Floyd legally allowed to bet on himself when he fights?


It probably has more to do with making sure athletes dont start throwing fights to make big money through bets.


That would be betting on the other guy, which is clearly a conflict of interesting and understandably illegal...

His explanation made perfect sense as to why you can't bet on yourself in a 1 v 1 sport (or team in Pete Rose, etc's case).


In Boxing and MMA they are allowed to bet on themselves. It has happened before and I have even emailed the head of the Nevada Athletic Commission Keith Kizer and asked if it is allowed and he said yes it is in 1-on-1 combat sports.

Antonio Tarver bet on himself against Bernard Hopkins and several other fights

Winky Wright bet on himself against Trinidad

Bernard Hopkins bet on himself against Trinidad

http://www.cyberboxingzone.com/boxingchronicle/articles_titoloses.html

Rashad Evans bet on himself against Chuck Liddell and Lyoto Machida.

http://www.mmafighting.com/2009/05/23/underdog-rashad-evans-bets-on-himself-at-ufc-98

Rivera
06-03-2013, 07:25 PM
Heat are a lock to win tonight money doesnt loose

knicksfan1969
06-03-2013, 07:31 PM
With the way he spends, if Indy wins he just got one year closer to Medicaid, Section 8 and Food Stamps.

Game_Over
06-03-2013, 08:07 PM
Money Mayweather is going to have even more money tonight, no way Stern and the NBA let Indiana win tonight!!

Utd7
06-03-2013, 08:30 PM
I hope he's court side at the game again tonight because if Miami looses I wanna see his reaction lol

keepingquiet
06-03-2013, 08:39 PM
win or lose. what an idiot.

Bruno
06-03-2013, 08:42 PM
what's the payout if he wins?

...just another reason to root Indy in my book :laugh2:

LOOTERX9
06-03-2013, 08:59 PM
cant wait till mayweather files for bankruptcy

MagicBucsSox
06-03-2013, 09:14 PM
I hope he's court side at the game again tonight because if Miami looses I wanna see his reaction lol

He's making 41m in september off appearance alone. His reaction is gonn be like when we normal folks put change in a vending machine and our chips get stuck.

THE MTL
06-03-2013, 10:07 PM
Miami up by 14pts currently

Rivera
06-03-2013, 11:39 PM
Heat are a lock to win tonight money doesnt loose



I told ya money doesn't lose he's going to make some bank

Method28
06-03-2013, 11:43 PM
Heat are a lock to win tonight money doesnt loose



I told ya money doesn't lose he's going to make some bank

He probably banked a couple mill for the heat win. Would be a great gesture to donate half of his winnings to charity.

ModernDaySavage
06-04-2013, 12:09 AM
cant wait till mayweather files for bankruptcy

Of course you can't wait, it will never happen.......Unless you're immortal.

yaswaggin
06-04-2013, 01:34 AM
Of course you can't wait, it will never happen.......Unless you're immortal.

Hes been broke before, once mayweather retires he'll be broke

OceanSpray
06-04-2013, 01:38 AM
Hating on Mayweather I see. The dude plays a villain role because villains make the most money. They trash talk and everyone loves paying to watch a trash talker fight in hopes of them losing.

marvILLous
06-04-2013, 01:55 AM
I remember during the ncaa tourney he laid down 4 mil on ucla and they got smacked lol

Made some dough tonight tho... Go Floyd lol

mjt20mik
06-04-2013, 11:39 AM
Money!

Celticsfan2007
06-04-2013, 11:46 AM
so does anyone know what his payout was?

2-ONE-5
06-04-2013, 11:47 AM
u win what u bet

NYCkid12
06-04-2013, 12:01 PM
u win what u bet

Not exactly...on games with a spread there's a 10% Vig...so in this case he won 5.3 Million

2-ONE-5
06-04-2013, 12:08 PM
Not exactly...on games with a spread there's a 10% Vig...so in this case he won 5.3 Million

the titles says be be 5.9 not that he risked it. if he bet 5.9 mil thats what he won

Raps18-19 Champ
06-04-2013, 01:00 PM
Of course you can't wait, it will never happen.......Unless you're immortal.

He had financial issues before.