Boxer Ryan Garcia’s Big Day: Defeating the Champion and Making Millions

In a surprising turn of events, boxer Ryan Garcia had quite the eventful Saturday, both in and out of the ring. Not only did he secure a victory over the WBC super lightweight champion, Devin Haney, but he also walked away with a hefty sum of money, thanks to a bold self-bet.

Garcia took to social media to reveal that he had made close to $50 million, with $10 million of that coming from a bet he had placed on himself. Despite being the underdog with odds of +500, Garcia’s $2 million self-bet paid off handsomely, netting him a total of $12 million after his victory over Haney.

While boxing promoters appreciate the confidence displayed by Garcia in self-betting, there are strict rules in place to prevent any potential manipulation of outcomes. Boxers are not allowed to make prop bets on their fights or wager on their opponents. However, Garcia’s self-betting on his own victory was deemed acceptable within the sport.

Leading up to the match, Garcia’s antics had raised some eyebrows, but he proved his critics wrong with a stellar performance in the ring. He knocked Haney down three times and ultimately secured a majority decision victory, with judges scoring the fight 115-109, 114-110, and 112-112.

Despite his triumph, Garcia faced some setbacks, including being ineligible for the championship due to weighing in over the 140-pound limit. Additionally, he had to pay Haney $500,000 for each pound he was overweight, resulting in a $1.5 million deduction from his earnings.

Garcia’s bold move to self-bet on his victory may have raised some eyebrows, but it harkens back to a time when such actions were more commonplace in sports. While the landscape of sports betting has evolved over the years, Garcia’s daring bet serves as a reminder of the risks and rewards that come with such bold moves in the world of boxing.