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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

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61.

Marcus    

$20,000 to those guys is like my brother and I making a bet that the loser buys the other a hot dog.

614 days ago
62.

joan    

These people make me ill---what is 20k to a man who makes at a minimum 75 million dollars a year

614 days ago
63.

MARIA NIN    

i think Simon is a spoil little kid wannabe. always picking and not respecting his side judges comments . Sometimes making them feel like crap . Shape up simon you cant win all the time

614 days ago
64.

MARIA NIN    

please get a better looking girl for the host cardashian didnt do him justice he is so cute i love his dimples and cardashian girl get rid of you big butt before you put does skimpy dresses on.ANDSIMON PLEASE RESPECT THE OTHERS JUDGES OPINIONS BETTER. YOU LOST THEY WON . BY THE WAY I NEED A CAR MINES IS BREAKING DOWN .GIVE TO THE POOR IT WILL MAKE YOU FEEL BETTER

614 days ago
65.

LetsBeReAL    

I think this was rigged. Tate didn't even have as much fans on YouTube watching his videos as much as the other contestants did. The fact that they didn't show the numbers anymore shows that there is something sneaky going on. Emblem 3 is going to be huge. They have an enormous fan base already and the fact that they didn't win shows that it was setup that way because One direction didn't win. Carly didn't win because she has more Potential of being successful without the help of the show. Fifth harmony had to stay on because they needed the help of the show to get them more known for a girl group (E3 didn't need the show anymore, Simon knows they will be huge). YouTube views tells a lot about how popular you are and who will vote. Tate needed X factor for them to profit off of him. Even Vino had more views. Very fishy!

614 days ago
66.

Allison    

It's a con, stay away.

614 days ago
67.

RICHARD    

MR. SIMON COWELL ( YOU ARE THE BEST !! ) BECAUSE OF YOUR FAIR JUDGEMENT EVERY TIME ! AND I LOVE THE ENGLISH PEOPLE ! YOU CALL-EM FAIR & SQUARE !

614 days ago
68.

John    

Let me see if I have this straight. Mitt Romney simply 'says' I'll bet you $10.000" and he's villified relentlessly, but this guy who's never served anyone more than a martini, actually bets and loses $20,000 and it only adds to his celebrity. You could almost convince me that there is some media bias.

614 days ago
69.

Tony    

It's like the average person betting $5 on the Super Bowl.

614 days ago
70.

barbyk    

congrats to tate stephems and L.A.
Tate will do well in the country gendre and will by being noticed advertise the XFactor.

614 days ago
71.

grandma    

Just an example that the extremely rich are not creating jobs with the money they save with their present tax break----$20,000 bets, a new yacht, frivolous gifts------unimaginable to the family struggling to live on $20,000 a year.

614 days ago
72.

Rae    

Like he can't afford to lose a 5 figure bet. No sympathy here.

614 days ago
73.

ANGELO    

EASY COME EASY GO ,,, MONEY IS A JOKE TO SOME OF THESE IDIOTS

614 days ago
74.

Edward    

They both lost. We all lost when Jason Brock left !!!

614 days ago
75.

Jack Crockett    

Simon Cowell could scrap that much money off the bottom of his shoes!

614 days ago
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