Can you solve this riddle?

A magician was at a carnival bragging about how he could hold his breath under water for 6 minutes. A boy walked up and told him, "I can stay under water for 10 minutes! But if I can't, I'll pay you $100, but if I do, you have to pay me $100." The magician ended up having to give the boy $100. How did the boy get the money?

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