Jay Z and Oscar De La Hoya bet $100K on Cotto-Canelo

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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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Dru Tyler

Owner/Co-Founder at Daily Rap News
Dru Tyler is an American entrepreneur, inventor, publicist, software engineer, investor, A&R for UMG, and a journalist. He is a co-founder of Daily Rap News the CNN of the Rap World. Dru has been publicly associated with the late Michael Jackson, Janet Jackson, Young Jeezy, Lil Kim and Junior Mafia and more.

Written by Dru Tyler

Dru Tyler is an American entrepreneur, inventor, publicist, software engineer, investor, A&R for UMG, and a journalist. He is a co-founder of Daily Rap News the CNN of the Rap World. Dru has been publicly associated with the late Michael Jackson, Janet Jackson, Young Jeezy, Lil Kim and Junior Mafia and more.