What a Gamble: JAY Z Takes a Major ‘L’ To Oscar Del La Hoya

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lebron james jay z NBA All-Star Game 2013

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Let’s face it: It’s all about the Benjamins! It always has been and it always will be. Rappers are very competitive and they definitely don’t mind spending a huge amount of money when they place a bet. And when we say huge amount, we’re talking thousands and millions of dollars.

For example, JAY Z just recently decided to get into a bet for one of his clients, Miguel Cotto for his fight this past Saturday. The Roc Nation boxer has exuded charisma and power throughout his career, but was overwhelmed by the younger and gutsier Canelo Alveraz. For that fight, guess how much Hov dropped?!

Miguel Cotto v Canelo Alvarez

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After making a bet with Oscar Del La Hoya over this past fight, Jay Z watched his pockets shrivel a bit after losing $100,000 and donating it to a charity of his selection.

In contrast to Hov, 50 also place a bet on his buddy Money Mayweather in March during his fight with Manny Pacquiao and won.

How much did 50 walk away with you ask? How about a whopping $1.6 million! Back in 2012, Birdman tested his luck during the Super Bowl when he placed $5 million on the New England Patriots. Sadly, they caught a super L to the Giants. Not everybody could win in this game of life! Please make sure to SHARE with your friends.