BankrollMob Betting News


Maloof brothers bet $880K on Mayweather, will donate wins to charity

Tags: boxing, Conor McGregor, Floyd Mayweather, high stakes.
Posted on 18 August 2017 by "T".

The size of the bet is believed to be the biggest ever made so far on this fight, and the boxing event is expected to be Las Vegas' largest show in recent years. The affluent entrepreneurs and ex-owners of the Sacramento Kings have publicly revealed their extraordinary bet last Sunday, two days right after they placed their wager at the South Point Hotel and Casino in Las Vegas.

In 2013, the Maloof brothers sold the Sacramento kings to Vivek Ranadive for $534 million, which was a record sum in NBA history at the time.

Joe and Gavin Maloof are extremely confident that Floyd Mayweather Jr. shall beat the heck out of Conor McGregor that they bet a whopping $880,000 on it!

The brothers shall make a $160,000 profit if Mayweather (a minus-550 fave last Friday) wins against McGregor, a UFC champion albeit just a newbie at boxing. In fact, this is McGregor's debut on professional boxing.

How it happened

Gavin Maloof and Floyd Mayweather Jr. are actually long-time neighbors, who live down the street from each other in a small suburb in Las Vegas. Gavin recently went to Mayweather's gym to have a workout session and he got out brimming with confidence, claiming that even after a two-year layoff, age has not worn out the 40-year-old undefeated champion's skills.

Gavin said, "So I called my brother, Joe, and said, 'We should put a wager on Floyd, because I don't think he's going to lose,'" Not to take anything away from Conor. He's good. But I just like Floyd a lot."

The brothers talked to the South Point bookie and made an $880,000 bet, with which the number was initially too large to display properly on their usual betting ticket. The casino then rewrote the bet into two $440,000 tickets, which will eventually pay out a total sum of $1.04 million if Mayweather wins.

"Against all odds"

The brothers are definitely going against the wagering trends on this potentially one-sided match. Around 95% of the tickets and 85% of the money has been bet on McGregor these recent weeks, and Las Vegas bookies are hoping many more punters shall follow suit after the Maloof brothers so as to offset their extraordinary liability in case the turnout would be that McGregor shall win the fight.

Gavin has been present at the last dozen fights of Mayweather in person and has watched closely everything the champ has ever done, therefore he feels confident in his wager. But of course, he still cannot take out the possible image at the back of his mind, when an upset could still potentially occur, and thus for him it all makes things more exciting.

Gavin said, "Floyd is the greatest counterpuncher that probably ever lived. I know Conor is a great puncher, and I'm not taking anything away from the UFC. Conor is probably going to be the aggressor. Floyd will wait until he punches. You have a guy switching sports, and that's not easy, and then you're taking on the greatest boxer of all time. Now on the reverse side, you have Conor who's much younger, and maybe that will affect Floyd. It's a good fight."

If Mayweather wins
Gavin Maloof said with a chuckle, "I know a family that's going to be watching this fight very, very closely."
Obviously, the brothers made the bet purely for the thrill of it, but then they realized they can make something worthwhile out of it.

If the Maloof brothers become huge winners along with their choice fighter come August 26, they said they will be giving away the proceeds of their humongous wager to charity. Gavin said the family shall donate the proceeds to various charitable institutions in Los Angeles and Las Vegas, where Adrienne Maloof, their sister is actively involved in charity work, especially on behalf of the Never Too Hungover, their widely-distributed hangover prevention drink.

Gavin said, "We have a huge opportunity to help a lot of people in charities, so we decided to do it. It's a neat way to enjoy the fight, and it's a fun way to promote our product."

On August 26, the Maloof brothers will be spotted near the ring at the T-Mobile Arena to see if their huge bet pays off. Gavin said, "It should be a great event for everybody. We'll be able to do a lot of good things."


BankrollMob Exclusive: Get a €20 Free Bet on This Fight! 



« Betting News   /   Comment on this news »

Related Articles:

24 comments on "Maloof brothers bet $880K on Mayweather, will donate wins to charity"

 shokaku18/08/2017 09:21:35 GMT
They must have placed their bet with unusualy bad odds. One can find far better ones on the net, but i have my doubts if a lot of online bookies are willing to pay out a cool million on the most likely outcome of that fight.
 CALICUL18/08/2017 16:13:21 GMT
These rich people have nothing to do with money and i hope this fighter in ufc Conor McGregor to win the fight with Floyd Mayweather Jr. I want this because Mayweather has no defeat in the professional boxing. I would be curious his face or what behavior he will have if he loses that match.
 doubletop77719/08/2017 07:47:25 GMT
I think that these guys bet looks pretty safe and they will be giving a very healthy donation to charity. Personally, i think Floyd will win easily but i really do hope that i am wrong and Conor shocks the world
 Gerimantas19/08/2017 08:53:50 GMT
Wow some people just have so much money that it is nothing to them yo lose almost 1 million dollars in one bet. I think if i have lot of money I still don't make such decisions, there are non profit organizations which need money and they make world better so i better just give money to them
 Tony_MON7ANA19/08/2017 10:20:18 GMT
People don't become wealthy by accident. Wealthy people take on projects and tangible ventures that result in real-life wealth. Taking a calculated risk is completely different than gambling. Taking risks is essential; gambling is foolhardy.
 pajalnick19/08/2017 11:23:20 GMT
Of course this is a very large amount ... but certainly this bet will play .... I'm sure that the boxer will win the race .... the more they will compete in boxing ...... if I could I would also put a large amount Money for a boxer ...... but with my finances it will bring a small profit
 pochui19/08/2017 12:18:07 GMT
well this is great pr if you ask me, then they just went to some other bookies and place a contra bet, so basically the most they are risking is some sort of bookie spread. sure this is only my wicked brain and in reality these dudes can be sleeping on sacks full of cash and couldn't figure out a better way to get some adrenaline flowing.
 dule-vu19/08/2017 13:08:37 GMT
maybe pochui is right!why not to do something like that,to have great promo for yourself and you can always have insurance at some other bookie and everybody will be happy!who know what is behind this news,but good is some money will go in charity!
 bowie198423/08/2017 14:06:59 GMT
Posted by CALICUL:
I want this because Mayweather has no defeat in the professional boxing. I would be curious his face or what behavior he will have if he loses that match.

I am not sure he cares about his legacy more than the money this fight brings to him tbh.
 dule-vu23/08/2017 14:51:06 GMT
for this boxing match,for me its sick that Mayweather will earn 350 millions $ from this match and this is not normal!why so big amounts for this two fighters!its match for history,but still this isnt sport anymore!
 pochui26/08/2017 17:28:56 GMT
yeah the money tossed away for a single fight really continues to amaze me considering that from my personal view this is completely sh1tty sport that is not interesting to watch. no insults here, just personal opinion, so when I hear the millions people getting for a single fight I kinda have my jaws dropped right to the ground
 shokaku26/08/2017 18:52:47 GMT
Just bet $880k on the outcome, and any sport will turn out interesting. Blink

But yeah, a lot of money is floating around aimlessly and starts to turn up on many silly places. Just look at the latest transfers in football.
 CALICUL27/08/2017 13:24:53 GMT
Does not donate some money from winning to bankroll mob to make some freerolls for us. Big Smile I'm joking, of course, but It's important that that money gets to those with problems or at an institute that helps people without it make fraud. It's nice when people are helped by those with money. Smile
 pajalnick27/08/2017 17:34:09 GMT
as we all already know the bet played ..... and of course it would be a miracle if it did not happen ... the Irish sword got what it deserved .... and I'm sure that the fight would end in another 1 or 2 round if it were not for there was a decision not to end the fight too early ....
 pochui27/08/2017 19:56:26 GMT
yeah have to agree with shokaku here, basically all the money that now is in the sport is actually ruining it, $100 millions are being spent on a single player without too much thought and this looks normal. surely this money has to be recouped somehow and this is where the dirty things start...
 perattin27/08/2017 20:10:06 GMT
I still play circus or show everything that involves Floyd Maweather. I hope this donation of charity won in the bet is fulfilled, it would be a great gesture to highlight but I have my serious doubts with this sensational news where this sensational boxer is involved.-
 bowie198428/08/2017 00:02:16 GMT
I can honestly say after this boring fight that box as a spectacle is officially dead. I mean even a fight with gimmicks like this one is starting to wear off people. Imagine watching this without the personalities. No one would care.
 Tony_MON7ANA28/08/2017 09:12:55 GMT
Floyd Mayweather beat Conor McGregor by TKO in the 10th round yesterday. So the former Sacramento Kings owners won an $880,000 bet, pocketing a profit of approximately $160,000, of which they plan to donate to charity organizations.
 CALICUL28/08/2017 16:28:06 GMT
Posted by bowie1984:
I am not sure he cares about his legacy more than the money this fight brings to him tbh.

A professional boxer like Floyd Mayweather Jr. with 49 wins of 49 (now 50 after this match with Conor McGregor) i think he would have spent a few months for crying if he had lost the match. It is true that he earns that money anyway for victory or not. He certainly was interested in not losing that match for his personal record.
 pajalnick28/08/2017 17:38:29 GMT
Posted by Tony_MON7ANA:
Floyd Mayweather beat Conor McGregor by TKO in the 10th round yesterday. So the former Sacramento Kings owners won an $880,000 bet, pocketing a profit of approximately $160,000, of which they plan to donate to charity organizations.

$ 160,000 is certainly a good amount to help ..... but these people seem to me to take no chances .... the outcome of the battle was predetermined .... they could make a much bigger bet ..... but in any case this is a very good thing and of course they did a wonderful thing
 dule-vu29/08/2017 12:18:31 GMT
just can hope that this money will finish in right hands and that they will publish to whome this money will go!for them its not big amount to give and in this case they didnt lose anything!it would be good that other people do something like this!
 av196629/08/2017 19:24:04 GMT
Hello my friends and fellow mobsters

Well that is a nice gesture to give the profits to charity but let`s hope they will choose one charity that really spend the money with the action and not with the back offices Aww crap! Aww crap!

Still let`s hope that this money will improve someones life and make them happier and healthier Thumbs Up Thumbs Up
Just enjoy life and stay cool because life is to short Cool Cool
 bowie198403/09/2017 00:04:23 GMT
Posted by CALICUL:
It is true that he earns that money anyway for victory or not. He certainly was interested in not losing that match for his personal record.

He is earning the same amount of money for loosing as well. Floyd was always a defensive style boxer and those are hard to sell as great or even noteworthy. Him being undefeated is something but he is not even in the top20 of all-time greats...
 damosk03/09/2017 08:31:03 GMT
Whether they win at good odds or and odds, the offer to donate their winnings to charity is a very nice offer indeed. I haven't read the whole article but the real news will be once they do actually make the donation to a charity. Hopefully it's to a really good cause and not one that supports gamblers who make donations to charity charity!

Write a comment:

You must be logged in, to comment on news...

Disclosure: BankrollMob may earn a commission based on the advertisement material on this site. #AD

  Please Play Responsibly