In what is believed to be the biggest wager placed thus far on the August 27 fight between Floyd Mayweather and Conor McGregor, brothers Gavin and Joe Maloof have placed a bet on Mr. Money in the amount of $880,000.
"I went to watch Floyd work out. This guy looks like he's 20 years old." – Gavin Maloof explains why he's betting $880K on Floyd Mayweather
— Andrew Perloff (@andrewperloff) August 15, 2017
According to reports, the Maloofs got Mayweather at minus-550, which means the ticket will return the former Sacramento Kings' owners a cool $160,000.
So why such a big bet?
The brothers will donate the winnings to various charities in Los Angeles and Las Vegas.
According to the AP, almost all of the money is on McGregor right now, including 85% of the total money. With some books having Mayweather as high as minus-600, the only real way to make dough on this fight is to either go big on Floyd or shoot for the upset with Conor.