Rapper Birdman betting $10 million against Pacman!

by Marv Dumon Athletes are prone to betting more so than the general public, with figures such as basketball legends Michael Jordan and Charles Barkley among the legions of icons known to have regularly wagered on sporting events. The proposed "summit bout" between Floyd Mayweather, Jr (41-0) and Manny "Pacman" Pacquiao (51-3-2) has a new ultra-high roller. PHOTOS: Mayweather vs Pacquiao Rapper and Cash Money Records co-founder "Birdman," aka Bryan Williams, 41, says that he will bet $10 million that Floyd Mayweather, Jr will defeat Filipino sensation Pacquiao, a bout with a tentative date of November 13, in an interview with allhiphop.com. Cash Money Records is a subsidiary of giant record label Universal Music Group. Birdman, who has helped manage the rise of hip hop king "Lil Wayne" (who is currently serving jail time on drug and weapons charges) as well as "Drake," has an estimated net worth of $400 million. Birdman, at the age of 41, is considered as one of the most successful moguls in the music industry. Lil Wayne's net worth is estimated at $75 million, according to celebritynetworth.com. Not bad for a 27-year old. Comparatively, moguls Jay-Z and P Diddy - both of whom are around 40 years of age - have built up net worths estimated to be close to half a billion dollars each, according to numerous estimates. Birdman recently won a cool $1 million wager on the Mayweather vs Shane Mosley (46-6) on May 1st. Betting odds for that bout mandated that the rapper risk $4 million for "Money" Mayweather in order to win $1 million. The average American, say making $50,000 a year and between 5 - 8% on the stock market, can accumulate about one million in savings in 20 years. That it takes but two minutes to wager through the phone is one million dollars that is truly on the fast track. The severe downside of gambling is of course the ability to lose an entire lifetime of savings in those two minutes. Undefeated "Money" was a heavy favorite going into the Mosley bout. Interestingly, Birdman wears jewelry on his mouth ("grills") and teeth. Now that's what you call, putting your money where your mouth is. In November 2009, Mayweather was a -165 favorite according to betus.com. In this case, Birdman's $10 million wager would have won $6 million with a Floyd win. As of November, Pacquiao was at a +125, meaning a $100 bet would have earned $125. Today's odds have changed since then, according to Sportsbooks. Mayweather is residing at a -150, meaning a $10 million wager would yield $7 million. Pacquiao currently rests on a +120, with a $100 bet on the Pacman yielding $120. Gamblers, casinos, and Birdman are making an early prediction in favor of Mayweather defeating Pacquiao. However, these odds are expected to adjust as the date of the fight draws near, as variables such as venue, weight limit, and size of gloves become known to the betting public Observers will also get to measure each fighter's level of preparation during training camp. A $10 million wager is out of reach for most fans, but only represents 2.5% of Birdman's estimated net worth. The Internal Revenue Service (IRS) should be curious as to the whereabouts of its portion of that $1 million in winnings from the Mosley fight. Even Chicago mobster Al Capone could not mess with the IRS. Vice or no vice, the government takes its bite off everyone's pie. http://www.examiner.com/examiner/x-37982-International-Sports-Examiner~y2010m5d25-Rapper-Birdman-betting-10-million-against-Pacman-Video?#comments