Large Bets Coming in on May/Mac
It was only a matter of time before the Vegas high-rollers made their bets for the Mayweather/McGregor fight, and the sharps appear to be backing Floyd.
According to ESPN, multiple $1 million bets have come in on Mayweather, causing the betting line to tip more in his favor:
“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.
Shortly after, William Hill’s Nevada sportsbook reported taking a $1.2 million bet on Mayweather at -500 odds from a customer who paid cash. That bet would net $240,000.”
However, while the heftiest bets may be coming in on Mayweather, there has been a staggering amount of smaller bets placed on McGregor.
The MGM’s vice president of race and sports Jay Rood told MMAFighting that as of Thursday morning, they had over 6,000 tickets written for McGregor and only 330 for Mayweather:
“When we book McGregor in MMA, he’s usually the favorite and he gets a good amount of support,” Rood said. “When he fought [Nate] Diaz in the rematch, that drew pretty good, equal action on both sides. But generally, if McGregor is fighting somebody he draws pretty good action. But in this particular matchup, the number of tickets written to him is a ridiculous amount.”
Rood added that the casino may have miscalculated just how passionate McGregor’s fanbase is, as the opportunity to bet on him at such heavy odds is one that thousands clearly jumped to. Still, Rood argued that the bookies and line-setters’ reasoning for the odds (McGregor opened as a +700 dog, but got as low as +350) is McGregor’s inexperience in the boxing ring.
“Like we said, it’s under the boxing rules, so the bookies and everyone has taken a pretty strong position that he’s going to be at a competitive disadvantage when it comes to that.”