Birdman Plans to Wager $5 Million on the Super Bowl

Birdman Plans to Wager $5 Million on the Super Bowl

Posted on 25/01/12 - by Theodor Mavrodis News

Hip-hop star Birdman recently Tweeted plans to bet $5 million on the New England Patriots in the upcoming Super Bowl versus the Giants in what would be the largest in a series of big sports wagers that he's made.

Birdman isn't known for being shy or quiet and loves to do everything in a big way, bragging to Forbes magazine in the past that he doesn't leave the house unless he's wearing $1 million worth of jewelery and grills.

His recent Tweet boasted that he was betting $5 million on the Patriots in a show of support for his nephew BenJarvus Green-Ellis, a running back for the Patriots. With an estimated net worth of around $100 million (and about $15 million raked in during 2011 according to Forbes), Birdman is putting his money where his mouth is and risking a sizable chunk of his net worth.

It won't be his first big sports bet, as he claims to have lost $2 million on a Miami Heat bet last year while he won a $1 million bet on the Green Bay Packers in last year's Super Bowl. He also claims that he's ready to bet $10 million on Floyd Mayweather if a Mayweather-Pacquiao fight ever occurs.

According to his official website: "With all of his elaborate possessions - from jewels to cars and homes; his cash money making ventures- from music to videogames to shoes and clothing; Bryan 'Birdman aka Baby' Williams is poised to continue shining in everything he does," which remains to be seen when it comes to making big bets on sports.

The Super Bowl is traditionally the biggest single betting event of the year for Las Vegas sportsbooks and online casinos, with billions in wagers placed every year.

While typically a big money maker for sportsbooks, the Super Bowl isn't always a sure thing for the house. In 2011 Nevada sportsbooks netted their smallest overall profit in a decade of just $724,176 when the Packers won, down from the $6 million the sportsbook profited in 2009 and 2010.

Since 2002 sportsbooks in Nevada booked an overall profit of $70 million on Super Bowl betting, with 2008 the worst year when they lost $2.5 million when the New York Giants upset the Patriots.