They don’t call Floyd Mayweather Jr “Money” for nothing.
Floyd Mayweather strolled away with a six-figure payday on Sunday and the multi-million-dollar winning prize fighter didn’t even have to get punched in the face to do it. Mayweather raked in over a whopping USD $100 000 (CAD $127 680) in winnings while playing video poker last week.
Floyd Mayweather likes to gamble, and he loves to win money more than he loves to box. After last August’s much-hyped boxing bout with UFC superstar Conor McGregor, Mayweather’s latest opponent was a Ten Play Draw Video Poker machine at a Las Vegas casino. Mayweather has a carefully cultivated public and media-driven persona that reportedly revels in luxury tastes and unbelievable amounts of raw, cold and hard cash. While Mayweather’s jackpot win pales in comparison to the US $100-million-dollar boxing match paydays he’s used to receiving for services rendered, US $100k is still an impressive feat and a nice win.
How did “Money” Man Mayweather do it?
Maximum betting non-stop at USD $125 (CAD $159.51) per hand, Mayweather hit a royal flush, at odds of around 40,000 to 1, to collect a total of USD $101 250 (CAD $129 200). Ten Play Draw Poker allows the player to play 10 hands at once, which meant that Mayweather was betting USD $1,250 (CAD $1595) on every single deal for the maximum USD $100,000 (CAD $127 680) possible payout per played hand. The extra USD $1,250 (CAD $1595) was simply for one of Mayweather’s extra hands that just so happened to be paid out at the same time. Its all chump change to Mayweather of course, but its chump change that we’d all love a chance to win one day.
Mayweather’s History of High Rolling
Mayweather immediately took to Instagram to post a screenshot of him together with his winnings. He allegedly began the night with USD $20,000 (CAD$25 860), a mere drop in the ocean for a billionaire boxer who has been involved in the three largest purses in boxing history.
In July 2017, Forbes Magazine estimated that Mayweather’s career earnings would be approaching the USD $1 billion (CAD $1.28 billion) after the McGregor fight. Mayweather was one of the main attraction’s is the most lucrative pay-per-view event of all time, after his bout with Filipino boxing legend, Manny Pacquiao, generated USD $600 million (CAD $766.2 million) alone — of which he reported took an estimated USD $260 million (CAD $332 million) cut.
Mayweather’s adventures of wild excess and splurgings of cash have often been documented on his own social media mediums and have become the stuff of myth and urban legend. It is widely assumed that the fascination with Mayweather’s excesses is because what constitutes “high stakes” to we mere mortals is just small change to the 50-fight undefeated and multiple times world boxing champion.
For example, between August 2010 and February 2012, Mayweather claimed he placed 46 winning bets in a row for a total of USD $3,938,722 (CAD $5,029, 857) in winnings.
Mayweather reportedly bet USD $5.9 million (CAD $7.53 million) on the Miami Heat in 2013 to the Indiana Pacers for a nett profit of USD $6.49 million (CAD $8.21 million).
Mayweather’s Losing USD$13 Million (CAD $16.6 million) Super Bowl Bet
While the ‘Money Man’ might well be undefeated in the ring, he’s proven he is human and not entirely unbeatable in the field of sports betting. Mayweather claims to allegedly have made a USD $13 million bet (CAD $16.6 million), riding on the outcome of Super Bowl XLVIII between the Seattle Seahawks and the Denver Broncos. Mayweather backed the Broncos, who went on to lose by the largest margin for a favourite in Super Bowl history.
If the rumour mills are indeed proved to be true, Mayweather may well be planning one more huge gamble and perhaps his biggest gamble yet. It is widely reported that Mayweather is considering a re-match with McGregor, however, this time in the less friendly environment for Mayweather of Mixed Martial Arts (MMA).
The boxer is alleged to have begun MMA training and recently discussed with the media the plans he has to apply for an MMA license.
If the MMA bout goes ahead, it his highly likely that for the first time in Mayweather’s sporting career, the bookies will undoubtedly have him as a huge underdog.
Was luck involved for Mayweather?
Mayweather generally attributes everything he’s ever achieved to hard work and dedication. However, in this particular instance, it is a quite a bit different. In the world of gambling, luck is always a major component of gambling, at least on a short-term basis.
In slots or roulette, the house edge is fixed and the player can’t do anything to change it. However, video poker is slightly different. A good video poker strategy is needed to reach the declared maximum theoretical return (that, and a bankroll big enough like Mayweather’s to play the maximum bet). Maybe it wasn’t all luck for Mayweather and perhaps it’s part of the reason why he prefers to play video poker over online slots.
Perhaps it is more accurate to say that Mayweather most likely doesn’t care at all about any statistical advantage the casino may have. He’s a showy billionaire. It is unlikely that “Money Man” Floyd Mayweather cares one iota.
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