Multiple $1 million bets on Floyd Mayweather were among a flurry of big money that showed up in Las Vegas on Thursday, shaking up the odds for the undefeated boxing champion’s showdown with UFC star Conor McGregor.
The MGM sportsbook took a $1 million bet on Mayweather at -550 odds from a VIP casino guest, who wired in the money to the casino cage ahead of the wager, MGM vice president of race and sports Jay Rood told ESPN. The bet would net just under $182,000, if Mayweather prevails.
It’s a fight which looks certain to break all pay-per-view records, and after months of build-up Mayweather vs McGregor will get under way in just over one day’s time.
The fight is happening on Saturday 26 August.
Bookies immediately predicted a Mayweather win as soon as the fight was announced. William Hill initially priced the veteran fighter as 1/11 favourite. He’s now significantly shorter, but still substantially favoured, at 2/9 .
Oddsmaker Nick Bogdanovich said the odds would be even more lopsided if it wasn’t for the deluge of small bets expected to come in from UFC fans on their fighter.
“Realistically if we were just putting up a number and didn’t have to take bets on it, Floyd would be 1/100,” Bogdanovich said. “But this will be a very, very big betting fight for sure, one of the biggest ever.”
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