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Jay Z, Oscar De La Hoya make 6-figure bet on Alvarez vs. Cotto fight

Alvarez Vs. Cotto

Source: Twitter/@OscarDeLaHoya; and Instagram/@Beyonce

The upcoming Canelo Alvarez vs. Miguel Cotto middleweight fight is one of the most anticipated boxing matches in recent memory. And with any high-profile title fight, there will be plenty of big money bets placed on both fighters to win, but there’s one bet in particular that is drawing lots of attention.

Jay Z and his Roc Nation Sports, who represent Cotto, made a wager with boxing legend Oscar De La Hoya and his Golden Boy Promotions, who represent Alvarez, on the Nov. 21 middleweight title fight for $100,000. If Cotto wins, De La Hoya will donate $100,000 to the Shawn Carter Foundation while Jay Z will donate to the White Memorial Medical Center’s cancer unit should Alvarez emerge victorious.

Though Alvarez is a 2-1 favorite according to oddsmakers, Jay Z should still feel pretty confident.

Despite over 30 years of experience in pro boxing, De La Hoya has a long history of being wrong when it comes to fighters he’s promoted and none other than Floyd Mayweather is to blame.

In the past, De La Hoya has picked a number of fighters, including Juan Manuel Marquez, Robert Guerrero, Shane Mosley, Victor Ortiz, and even Alvarez himself, to beat Money May, before they all ended up losing.

Alvarez vs. Cotto takes place Nov. 21 at the Mandalay Bay Events Center in Las Vegas.