Floyd Mayweather's $3 Million Bet: Is It a Sign of a Gambling Addiction?

Michael Walters@mwalters202Correspondent IISeptember 3, 2012

LAS VEGAS, NV - MAY 05:  Floyd Mayweather Jr. celebrates after defeating Miguel Cotto by unanimous decision during their WBA super welterweight title fight at the MGM Grand Garden Arena on May 5, 2012 in Las Vegas, Nevada.  (Photo by Al Bello/Getty Images)
Al Bello/Getty Images

According to Terezowens.com and other media outlets, Floyd “Money” Mayweather Jr. recently won nearly $3 million betting on college football. Whether this is true or not has not yet been confirmed via Twitter, which is how the pound-for-pound king usually boasts about his winnings. Kevin Iole of Yahoo.com sent out a tweet that said the whole story was a plant. 

Floyd Mayweather's propensity for sports betting is widely known among sports fans so a story about him betting so much isn't a surprise. He regularly bets $25,000 to $400,000 per contest according to his Twitter account and often posts photos of winning tickets for his more than 3,000,000 followers. 

In an interview with ESPN Radio, Mayweather was quoted as saying the following about how often he gambles:

Every day, you have to find one [game] that you truly believe in and truly feel you’ve got the ups and that’s the one that you load up on.

Could all of this betting be a sign of an addiction? 

Gambling addiction is a progressive disease that comes in three phases, according to addiction treatment centers such as the Phoenix Center

The first stage is called the winning phase. In this phase the gambler experiences big wins and begins increasing the size of his bets. It’s possible that Mayweather could be in the first stages of a gambling addiction. The size of his bets has increased over time, according to his tweets. 

The second stage of the addiction process is called the losing phase. In this phase of the disease, the gambler often brags about his winnings. By tweeting photos of his winning gambling tickets, it’s possible that Mayweather is bragging to cover up his losses. His losses aren't publicized through his tweets so it's impossible to know how often Mayweather does lose. 

The third phase is known as the desperation phase. In this phase the gambler can slip into a state of hopelessness, have issues with family members or loved ones and experience arrests. Mayweather was released from jail just last month after serving time for domestic crimes. 

If “Money” wants to keep his undefeated boxing record intact, he may want to seek the advice of a specialist for what may be a gambling addiction. It would be sad to see him suffer a loss because he continued fighting to feed his addiction. Many boxers end up penniless at the end of their careers—hopefully Floyd "Money" Mayweather Jr. is not one of them.


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