Jay Z and Oscar De La Hoya Make A Big Bet On Canelo Vs Cotto

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Jay Z and boxing promoter Oscar De La Hoya have made a bet on the major boxing match between theirSaul “Canelo” Alvarez and Miguel Cotto.

The moguls have put up $100,000 apiece, where the loser will donate their monies to charity.

If Cotto wins, De La Hoya will donate his cash to the Shawn Carter Foundation, Jay’s charitable entity. Should Canelo win, Jay Z will give his earnings to  White Memorial Medical Center’s cancer unit.

The big fight goes down  on Nov. 21 (HBO) at Mandalay Bay in Las Vegas.

If you wanted to know, Canelo is generally favored to win.