Mike Tyson has countered Jake Paul’s $5million bet – naming his price to get his rival’s name tattooed on his body.

The YouTuber-turned boxer has made a habit out of making bets ahead of his fights.

Tyson and Paul square off on November 15 in Arlington, TexasMichelle Farsi/Most Valuable Promotions

For his first encounter with Tyron Woodley in 2021, both men agreed to get a tattoo somewhere on their body saying they loved the winner.

Paul beat Woodley over the distance and so, true to his word, the former UFC welterweight champion got “I love Jake Paul” inked on his middle finger.

In the lead-up to his crossover clash with Tyson on November 15, Paul is bringing back the tattoo bet, but this time there is a considerable sum of money on the line as well.

“Mikey, Mikey, if you can last more than four rounds with me, I’ll give you an extra $5m,’’ said Paul in a TikTok video.

“But, if you don’t, then you have to get a tattoo that says, ‘I love Jake Paul.’ Deal or no deal?’’

Tyson is not impressed by the added $5m incentive and insists the wager should be four times bigger.

“He should offer more,’’ Tyson told USA TODAY. “Tell him probably about 20 (million).” 

Given Tyson’s advanced age, most feel that his best chance of victory is via an early knockout.

However, ‘Iron Mike’ anticipates that the fight won’t be over with right away.

“Listen, I don’t expect him to come head-on and fight me, so I have to catch him for a couple of rounds,” he added.

Paul has offered to put up an extra $5m of his money if Tyson can survive four roundsEsther Lin / MVP

Paul vs Tyson has been sanctioned as a professional heavyweight contest under the auspices of the Texas Department of Licensing and Regulation.

But they will compete under a modified rule set.

Rather than the usual three-minute rounds that pros usually compete over, Tyson and Paul are set to box for eight two-minute rounds – the same length as amateur bouts.

They will also exchange leather in 14oz gloves instead of the traditional 10oz mitts.

Tyson says he requested that the rounds be shortened to produce ‘more action’.

But it is unclear at present why both men are ducking it out in wearing larger gloves.