Ryan Garcia’s Controversial Bet: Legal or Not?

In a surprising turn of events, Ryan Garcia not only defeated Devin Haney in their recent fight but also reportedly went home significantly richer. Despite the doubts and skepticism surrounding Garcia’s chances, he managed to pull off a remarkable victory and cash in on a lucrative bet he had placed on himself.

Leading up to the fight, Garcia had raised eyebrows by missing weight and seemingly not taking the match seriously. However, he had a trick up his sleeve as he had actually placed a $2 million bet on himself at low odds, which ultimately earned him a staggering $12 million in return. In addition to his betting winnings, Garcia revealed that the fight as a whole yielded around $50 million or more.

The legality of boxers betting on themselves has come into question following Garcia’s bold move. While there is no specific rule against fighters placing bets on themselves, the situation has sparked discussions about the ethics and regulations surrounding such actions. It remains to be seen whether Garcia will face any repercussions for his bet, especially since the fight took place in New York.

Fans have expressed a mix of astonishment and skepticism regarding Garcia’s bet, with some questioning the legality of the situation and others highlighting the differences between boxing and other sports. Despite the controversy, Garcia’s victory over Haney has solidified his position as a rising star in the boxing world, and he may have even bigger fights on the horizon.

As the dust settles on this high-stakes bout, the debate over the legality and ethics of boxers betting on themselves continues to rage on. Only time will tell how Garcia’s bold move will impact the sport of boxing moving forward.