Floyd Mayweather is known for his ostentatious gambling bets and if the latest rumor is true, the legendary boxer has reached a new level of wagering.
According to the popular sports handicapping and gossip Twitter account @incarceratedbob, “Money” Mayweather has placed a cool $3 million bet on the Michigan Wolverines for this Saturday’s game between No. 8 Michigan and No. 2 Alabama on Saturday night in Cowboys Stadium.
Michigan is a 14-point underdog to the defending national champions.
**BETTING INFO ALERT**Source: That man is back> Floyd Mayweather has $3,000,000 (Yes 3 Million) riding on Michigan +14 spread around 9 books
— Incarcerated Bob (@incarceratedbob) August 30, 2012
The Twitter account for the gambling website Sportsbook.ag has also tweeted the rumor, adding that 69% of their bettors have done the opposite of Mayweather and wagered on Alabama.
Mayweather has made headlines in the past by betting $400,000 on Alabama for last January’s BCS Championship Game and $1 million on the New England Patriots to beat the Denver Broncos in last season’s NFL playoffs – both of which landed him a hefty pay day.
Mayweather certainly has the money to spend after recently being named the highest-paid athlete in America by Sports Illustrated with a whopping $85 million salary, but we’re guessing we won’t be seeing him in any of the NCAA’s “don’t bet on college sports” ads anytime soon.