Maloofs bet $880K on Mayweather to give winnings to charity

The wealthy entrepreneurs and former Sacramento Kings owners revealed their extraordinary bet to The Associated Press on Sunday, two days after they placed the wager at the South Point Hotel and Casino in Las Vegas.

The Maloofs will make a $160,000 profit if Mayweather — a minus-550 favorite Friday — remains unbeaten against McGregor, the UFC champion making his pro boxing debut.

Gavin Maloof told the AP that the family will donate the proceeds to multiple charities in Las Vegas and in Los Angeles, where sister Adrienne Maloof is active in charity work, in the name of Never Too Hungover, their widely distributed hangover prevention drink.

Gavin went to a recent workout at Mayweather's gym and emerged with overwhelming confidence that age hasn't eroded the 40-year-old unbeaten champion's skills, even after a two-year layoff.

Roughly 95 percent of the tickets and 85 percent of the money has been bet on McGregor in recent weeks, and Vegas sportsbooks likely are hoping many more bettors will follow the Maloofs' lead to offset their extraordinary liability in the event of a shocking upset win by McGregor.

Gavin has attended Mayweather's last dozen fights in person and watched everything the champion has ever done, so he feels confident in his bet.