FORMER UFC BMF Jorge Masvidal lost over $100,000 on Saturday after teammate Dustin Poirier was knocked out at UFC 291.

Masvidal, 38, was in attendance at UFC 291 in Salt Lake City to crown the main event winner, who would become the second holder of the infamous BMF belt.

Dustin Poirier and Justin Gaethje battled for the BMF belt on Saturday

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Dustin Poirier and Justin Gaethje battled for the BMF belt on SaturdayCredit: Getty
Masvidal went inside the cage to give the belt to Gaethje

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Masvidal went inside the cage to give the belt to GaethjeCredit: Getty

Poirier faced Justin Gaethje in the main event for the BMF belt, with Poirier entering as the modest favorite.

The Diamond entered UFC 291 listed at -150 on multiple sportsbooks, while Gaethje was around a +130 underdog.

With the lines made by Vegas, Gamebred gambled a bag of cash on his Southern Louisianan boy and teammate, hoping to pocket over $66,000 in profit with a $100,000 wager.

Instead of heading home with a hefty chunk of change, Masvidal left empty-handed as Gaethje ended Poirier in less than two rounds.

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The Highlight loaded up a beautiful leg kick, turning Poirier's lights out.

After the fight, Masvidal recapped: "Great fight. I felt Dustin was dictating the pace. He landed the better shots in the first round.

"It was all going Dustin’s way. And then the fight game, you know?"

He continued: "I made a wager that I probably shouldn’t have. I put $100,000 on DP, on Dustin Poirier.

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"Kids, I’m sorry. You gotta go to public school now."

If Masvidal wants to earn some money back, he already has a callout to return to MMA.

Masvidal retired earlier this year, but former opponent Ben Askren wants to run it back for a second fight.

Infamously, Masvidal knocked out Askren with a flying knee in just five seconds, the fastest time in UFC history.

It seems as if Masvidal has no interest in Askren, though, with his sights set on something different.

Stay tuned to see what Masvidal decides to do next in his fighting career.