UFC president Dana White reveals how he lost $1m on crazy bet

UFC president Dana White has revealed how he once lost a cool $1m on a boxing bet.

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White, 51, has been the president of the UFC since 2001 and reportedly has a net worth of over $500m (TalkSPORT).

However, despite being one of the world’s most wealthiest professional fighting promotors, White has lost a fair few quid in the past.

A self-confessed gambler on sport, White has recently revealed how he once lost a seven figure sum on a boxing bout.

Speaking in a recent interview with ESPN Sports Betting, the 51-year-old said: “I always [gamble].

“On every sport that I’m interested in. On every game on Saturday, If I want to know what the line is, if it’s college or pros, I always look at the line on fights. I play table games too much. I’m a degenerate if you’re not getting it. I’m a degenerate, yes. I love to gamble.

“Bad Intentions” (fighter’s nickname) closed as the 8/5 favourite but ended up getting starched by the middleweight ‘Ghost’.

“Oh my god … what was the kid’s name? Jermain Taylor, and who did he fight? I should know this for the ass-whooping I took.

“He fought the tall, lanky, white kid from Ohio, Kelly Pavlik. I bet $1 million on Taylor and he got destroyed.

“It was the first time I ever bet $1 million dollars because I was so confident Taylor was going to win that fight.”

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