Justin Jaynes Went Home Empty-handed After Betting on Himself
- Justin Jaynes bet his $25,000 show money on himself against Charles Rosa at UFC Vegas 30 last Saturday night.
- Rosa defeated Jaynes via split decision forcing Jaynes to forfeit his show money worth $25,000.
- Jaynes has lost his last four UFC bouts and given his age and losing streak, he may be in danger of getting cut by the UFC.
UFC lightweight Justin Jaynes made a bold move during the weekend, betting his entire UFC Vegas 30 show money on himself in his fight against Charles Rosa.
Jaynes entered Saturday’s fight having lost his last three bouts while Rosa was coming off a defeat against Darrick Miner. Despite Rosa being just 4-5 in nine UFC bout, Jaynes was listed as a +140 underdog at the BetOnline App.
Rosa entered the fight as a slight -177 betting favorite and if Jaynes defeated Rosa at UFC Vegas 30, his show money of $25,000 would’ve won him a $35,000 profit at +140 odds. However, if Rosa beat him, he would be forfeiting his entire fight purse to whichever betmaker he placed his bet at.
Is This Legal?
Justin Jaynes say he’s literally betting on himself at #UFCVegas30
He’s currently a +145 underdog, according to Caesars Sportsbook by William Hill. pic.twitter.com/05IWl3zNBo
— ESPN MMA (@espnmma) June 25, 2021
While Jaynes didn’t show any bet slip or proof that he did place an actual bet on himself at a bet shop or betting app, he did say on record that he would be betting his entire pay on himself. But is that even legal?
Under the UFC’s Fighter Conduct Policy, the organization “does not allow any conduct that undermines or puts to risk the integrity and reputation of the UFC”. The only way to do that would be to bet against himself. But since Jaynes said that he was betting on himself, then UFC rules do not address fighters wagering on themselves.
Jaynes though is the first UFC fighter to bet on himself. The closest to this kind of bet was in 2016 when Dan Hooker posted on social media a friend’s bet slip where a wager was made on Hooker to beat Mark Eddiva in Round 1. Hooker submitted Eddiva in the first round and the $900 bet at +350 made a $3,150 profit.
Jaynes Lost the Bet, Perhaps His Job
Justin Jaynes (+140) bet his entire salary on himself… and lost
The bad beat of the year 😔
— BetOnline.ag (@betonline_ag) June 26, 2021
The 31-year old Jaynes gave it his all and nearly pulled off a stoppage, sort of. But sometimes the risk outweighs the rewards and that’s what this fight was all about. Knowing that he was trailing on points, he let his hands go in the the third round and nearly snatched victory from the jaws of defeat. But in the end, Rosa’s early investment paid off an he won the fight via split decision.
After the fight, Jaynes received plenty of backlash on social media about his decision to bet his entire show money on himself because now, he just went through an entire fight camp and went home with nothing. One of those came from fellow UFC fighter Lando Vannata who said “just regretting everything right now”. But Jaynes quickly responded by telling Vannata “that’s the difference between u and i. No regrets, i’d do it again”
But while you have to love Jaynes for his attitude, Saturday night might have been more than just losing his entire fight purse. With the loss to Rosa, Jaynes has now lost his last four bouts, three by stoppage, and he is just 1-4 in the UFC. It would be interesting to see if the UFC keeps him in its roster after his most recent loss.