Jay Z, Oscar De La Hoya Bet $100K On Canelo-Cotto Fight
Promoters Oscar De La Hoya and Jay Z, who heads Roc Nation Sports, have made a wager on the fight between their upcoming fighters: Saul "Canelo" Alvarez and Miguel Cotto.
Both feel their fighters are walking way with the victory, so they put their money up -- $100,000, with the loser donating the money to the charity of the winner's choice.
If Cotto wins, De La Hoya will donate his cash to the Shawn Carter Foundation. And if Alvarez wins, Jay Z will donate his loot to the White Memorial Medical Center's cancer unit.
The Saul "Canelo" Alvarez-Miguel Cotto fight takes place on Nov. 21 (HBO PPV) at Mandalay Bay in Las Vegas.
Alvarez is the favorite at the Las Vegas casinos.