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Television producer, entrepreneur and TV Personality Simon Cowell LOSES $20,000 bet to L.A. Reid after Tate Stevens took home the crown in "X Factor"


Why? 

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.

Read more: http://www.tmz.com#ixzz2FkgB3bEP
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