At the moment, Canelo is the odds favorite by bookmakers in Las Vegas, but Jay Z can take refuge in knowing that De La Hoya has had a terrible time picking winners in recent years — mostly due to De La Hoya’s long history of backing his Golden Boy fighters to beat Floyd Mayweather.
Both Jay Z and De La Hoya have come to terms on the bet with the loser having to donate their $100K to the charity of the winner’s choice. That pretty much makes it a win-win for everybody. If Miguel Cotto wins, De La Hoya will make his donation to the Shawn Carter Foundation (effectively a college scholarship foundation for low income youth), and if Canelo wins, Jay will make his contribution to the White Memorial Medical Center’s cancer unit.
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