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Simon Cowell

LOSES $20,000

Bet to L.A. Reid

12/21/2012 4:15 PM PST BY TMZ STAFF
EXCLUSIVE

1221_la_reid_x_factor_simon_cowell_article
Simon Cowell has TWENTY THOUSAND reasons to cry over Thursday night's "X Factor" results show -- and it's all thanks to a rich-person bet he made with L.A. Reid. 

TMZ has learned ... Simon and L.A. made a wager at the beginning of the season ... and if either judge had a contestant win the whole shebang ... the losing judge would cough up $20k.

So when L.A.'s contestant Tate Stevens took home the crown ... he grew just a tiny bit richer than he already is. And since Simon's no sore loser, we're told he plans on cutting the check ASAP.

We're pretty sure it's illegal for the rich people to make this bet in the State of California -- but hey, who are we gonna tell?

109 COMMENTS

No Avatar
16.

krasovitz    

We should tax these fools and their bets.

567 days ago
17.

Mr Rod    

Colin should go back to wherever he came from, the show sucks!

567 days ago
18.

Ca2Az    

That is like 2 bucks to them. CheapF

567 days ago
19.

BG    

Great we have judges making bets on the outcome of an event. Maybe that explains some of their comments. Is it true that LA Reid (Epic Records) has the contract with xfactor winner Tate Stevens?

567 days ago
20.

Michael    

LOL, now i'm sure that show is fixed by the judge who want to win their bet.

567 days ago
21.

lovely     

I'm glad Tat won! :)

567 days ago
22.

BC    

that's pocket change to him.

567 days ago
23.

Beezy    

Chump change.

567 days ago
24.

JoanneVLavender    

WHY are these magazines reporting this? It's one thing to make a "rich man's bet" and another to flaunt it in the public eye. Cowell may not miss 20 grand, but that's more than some people are earning these days.

No one cares if he made and lost (or won) a bet with a hefty price tag. It's the flaunting it as a media event in this economy that is tasteless and smacks of an over-blown ego.

567 days ago
25.

INSTEAD    

Neither of these them need the money...may I suggest that you make that donation to me so I can have a much needed surgery?

567 days ago
26.

nipples mugee    

Speaking of Alex Morgan, what a wonderful body. Delicious. Oh and Simon Cowbell is an dufuss.

567 days ago
27.

charekay    

Now that's really going to break Simon. And L.A. will probably use it to blow his nose.

567 days ago
28.

Melanie    

Well, this confirms my suspicions. Simon Cowell IS a douche bag.

567 days ago
29.

chefadam    

That would be a felony.

567 days ago
30.

tallblonde    

and for them that's like what? $1.50 to the rest of us.

567 days ago
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