In boxing, losing for the first time could be detrimental to a fighter’s career. However, for Mike Tyson, this was seemingly a blessing in disguise. Back in the late 80s, ‘Iron’ Mike was at the top of the heavyweight division having an undefeated record and holding the title of the undisputed champion. This would all change in 1990 when Tyson faced former champion, Buster Douglas.

The fight was a shocking affair with Douglas getting the victory over Tyson in one of the sport’s biggest upsets. Despite this, ‘Iron’ Mike revealed new avenues for financial gains after the loss. Moreover, this was due to the perception of vulnerability that made him an enticing prospect for bettors.

Mike Tyson reveals how his loss to Buster Douglas helped him earn more

In a recent episode of his podcast Hotboxin’, along with former UFC champion Kamaru Usman as his guest for the day, Tyson revealed that he got more money for fights after losing for the first time. According to him, prior to the loss, Tyson had an aura of invincibility around him and with his fights ending in such a short span, he was not a great draw for bettors.

“Let me tell you something that’s really interesting. I lost my fight to Buster Douglas. I started getting paid more because now there is a chance that I could be beaten and get paid more money because people couldn’t bet on me. So it’s a possibility to get beat. Hey, people could bet on you,” he said.

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Tyson’s loss to Douglas also marked a pivotal turning point in his marketability. The air of invincibility had made him an intimidating and enigmatic figure. However, his defeat humanized him in the eyes of the public. This shift in perception contributed to an expanded fan base and greater commercial appeal.

Tyson reveals the real reason he lost to Douglas

In another episode of his podcast, Tyson revealed the reason why he lost. According to him, he neglected his training and succumbed to the temptations of his lavish lifestyle. Moreover, his ego only grew as everyone underestimated Douglas’ abilities. He added that he was not ready for the fight while Douglas trained day and night to beat him. However, he acknowledged the consequences of his actions, realizing his own shortcomings.

Read More: Boxing Legend Mike Tyson Admits Guilt for ‘Fighting’ With His Wife Under the Influence

“I’m chilling, I’m f**ing the maids and s**t, I’ma knock this n***a out. I knocked n**as out that knocked [Douglas] out. As we know, that didn’t happen, right? And now you have to deal with that. With yourself,” he said.

Tyson would also claim that he was with the maids before the night of the fight in other interviews. However, his defeat certainly served as a harsh awakening for him. This pivotal moment in his career serves as a reminder of the importance of never underestimating an opponent. What did you think about Tyson making more money after his loss to Douglas? Let us know in the comments below.

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