Ryan Garcia Wins $12 Million Betting on Himself in Haney Fight

Ryan Garcia, a former top boxing prospect, shocked the world by defeating the undefeated Devin Haney in their recent fight at the Barclays Center in Brooklyn, New York. Despite being a significant underdog, Garcia was confident and sharp from the start, hurting Haney early with his signature left hook. Haney managed to win some rounds back, but Garcia turned it on late, knocking Haney down multiple times and securing a majority decision victory with scores of 112-112, 114-110, and 115-109.

In addition to winning the WBC light welterweight championship, Garcia reportedly bet $2 million on himself to win the fight at +500 odds and ended up winning a total of $12 million from the wager. The 25-year-old boxer also claims he made around $50 million total from the fight against Haney on DAZN PPV, potentially earning a remarkable $62 million in one night.

Why this matters: Garcia's upset victory and massive betting win have made his comeback story even more remarkable, solidifying his status as a rising star in the boxing world. The fight's outcome also has significant financial implications for the sport, with heightened anticipation for Garcia's future fights and potential opponents.

However, some doubts have been raised about the accuracy of Garcia's financial claims. The boxer did not make the 140-lb weight limit for the fight, coming in 3.2 lbs heavier at 143.2 lbs, which may have played a role in Haney's defeat and resulted in Garcia being fined $1.5 million. Additionally, the pay-per-view numbers for the event have fallen far short of expectations, with Top Rank Chairman Bob Arum labeling the sales as "very disappointing."

Despite the controversy surrounding the fight's financials, Garcia's performance against the previously undefeated Haney has earned him immense respect as a fighter and increased his already massive brand. Both fighters have expressed a desire for a rematch, but Garcia is now sitting at the top of the boxing world, and his next move is highly anticipated. As Garcia stated in a post-fight interview, "If you bet, BET ON YOURSELF."

Key Takeaways

• Ryan Garcia defeated undefeated Devin Haney, winning WBC light welterweight title.
• Garcia reportedly bet $2M on himself at +500 odds, winning $12M.
• Garcia claims to have earned $50M from the fight, totaling $62M in one night.
• Doubts raised about accuracy of Garcia's financial claims, as he missed weight.
• Despite controversy, Garcia's performance earned him respect and increased his brand.