Jake Paul bets huge $40million purse on result of Mike Tyson boxing fight

Jake Paul has staked his entire $40million (£31m) purse on the result of his fight with on Friday.

YouTuber Paul will take on heavyweight legend Tyson over eight rounds in Dallas in what will be the latter's first professional fight for almost 20 years. Paul is set to start as the bookmakers' favourite given he is 31 years younger than the former undisputed heavyweight champion.

And as the pair faced off for the penultimate time before the first bell, Paul took bets from several of the undercard fighters over the result of the main event. And while Neeraj Goyat staked his house which he claims is worth $1m, Katie Taylor, who takes on Amanda Serrano in their eagerly-awaited rematch, went one step further.

Paul asked Taylor, who will reportedly earn $6m: "How much do you want to bet?", to which the undisputed champion replied: "Do you want to bet your purse?" Paul did not hesitate in confirming the wager, saying: "Yeah, let's bet the purse. Deal," as he shook Taylor's hand. Few expect the wagers to stand, but Paul insisted he would have contracts drawn up before Friday night.

Paul boasted earlier this year about his earnings from his 12th professional fight. "Asked if he brought Tyson in to add "validity" to his career, Paul said: "I didn't bring him to do s***; I'm here to make $40million and knock out a legend I don't give a f*** about anything else, he's the one who wanted it to be a pro fight and he's going to get his ass knocked out for real

"You're going to see on his record; KOs Mike Tyson; I'm not here to do s*** except make a bag. Every time fighters sit across from me and it's 'YouTuber this and Disney kid that' and they end up on the canvas... this is going to be no different. I brought this deal to this old ass motherf***er, we signed the contract with and we brought him the deal. You're welcome my son."

Tyson cut a wearisome figure during the final press conference, offering short answers and growing frustrated when asked about the prospect of losing to Paul. "I've said everything I had to say," Tyson said in one of several attempts to get him to say more. "I'm just looking forward to fighting."

"I am not going to lose," Tyson added, his voice rising the second time it was asked. "Did you hear what I said?" In retort, Paul said: "It's cute. I fear no man, so I want him to be that old savage Mike."