Floyd Mayweather Loses $3 Million Bet This Weekend

With a professional boxing record of 43-0, Floyd 'Money' Mayweather isn't used to losing. Recently released from jail on domestic abuse charges, he didn't waste much time making headlines this past week.

On Thursday, the Michigan native dropped a staggering $3 million dollars on his hometown University of Michigan Wolverines to beat the University of Alabama Crimson Tide on Saturday as the NCAA Football season got under way. With the 8th ranked Wolverines getting a 14 point cushion, it seemed like he might have a good chance at winning his bet. Instead, the 2nd ranked Tide ROLLED the Wolverines by a score of 44-14. Even with his middle name being 'Money', losing $3 million has got to take a pretty big blow to your bank account.

[Via Celebrity Net Worth]