Dan Bilzerian Loses Almost $1m in Bet Against Conor McGregor

  • The social media influencer wagered an undisclosed sum on Donal Cerrone to beat McGregor
  • Judging by Bilzerian's online posts, the amount he bet was close to $1 million
  • McGregor only took 40 seconds to knock out Cerrone in the first round of the fight
  • Bilzerian casually laughed off his gambling loss on Instagram
Dan Bilzerian has lost a substantial bet after Conor McGregor knocked out his opponent in 40 seconds. [Image: Shutterstock.com]

A big pile of cash

Social media influencer and high-stakes poker player Dan Bilzerian reportedly lost close to $1m after betting on Donald ‘Cowboy’ Cerrone to beat Conor McGregor in a UFC fight.

While there was no definitive figure stating how much Bilzerian lost as a result of this bet, the influencer’s posts on social media suggest the sum was close to $1m.

Bilzerian placed the bet at a casino in Las Vegas ahead of attending the fight that took place on Saturday night. 

The outcome of the fight

Last Saturday’s main event of UFC 246 saw Conor McGregor’s return to the octagon for the first time in 14 months. His opponent, Donald Cerrone, holds the record for the most UFC wins to date.

It only took 40 seconds for the Irishman to knock out Cerrone

The fight took place at the T-Mobile Arena in Las Vegas, in what was one of the highest-paying gates in UFC history. It only took 40 seconds for the Irishman to knock out Cerrone after unleashing a barrage of strikes from the off. 

Bilzerian appears unfazed

Bilzerian was confident in Cerrone’s chances to beat McGregor, whom many people thought would be ring-rusty as he had not fought since October 2018. 

The social media star showcased his largest bet on Instagram with the caption: “Puttin some pocket change on @cowboycerrone who y’all got?”

Some of the more analytical minds on social media attempted to calculate the exact sum of cash that lay on the table behind Bilzerian in the photo:

The star, who is allegedly worth at least $100m, did not appear overly concerned about his gambling loss. He simply tweeted “Haha shit” after Cerrone was knocked out. 

Who is Dan Bilzerian?

Many have dubbed Bilzerian as the “King of Instagram” due to the pictures he posts of his lavish lifestyle.

His father, a Wall Street corporate raider, eventually ended up in prison. He supposedly set up large trust funds for his two sons.

While he has played in some professional poker events, Bilzerian has mainly focused his attention on high-stakes poker with high-net-worth individuals in private games.

He claims to have won $10.8m in just one night of poker at one of these games. He also says he pocketed $50m playing poker in 2014.