Pair of $1 Million Bets Swing Odds Back Toward Floyd Mayweather Against Conor McGregor
Over the past several days, big money has come in on Conor McGregor ahead of Saturday’s huge head-to-head clash with Floyd Mayweather. As a result, oddsmakers were making Mayweather, who is thought to be a huge favorite, about a -300 favorite to beat McGregor.
$1 Million Bets on Mayweather
However, a huge swing in money came in on Mayweather’s side on Thursday, which has affected the odds yet again. According to ESPN, there were multiple bets of $1 million backing Mayweather to defeat McGregor on Saturday night in Las Vegas. MGM’s sportsbook took a $1 million bet on Mayweather at -550. The bettor wired the money to the casino cage before making the wager. The bet would return only $182,000 if Mayweather winds up winning.
A short time later, another bettor dropped $1.2 million on Mayweather at -500 at the William Hill’s Nevada sportsbook. That customer, who paid the $1 million in cash, would win back $240,000 if Mayweather prevails.
Mayweather’s odds dipped below -500 last weekend after a huge swing in McGregor’s favor from the betting public, but on Thursday Mayweather found himself back around -600 at several Las Vegas sportsbooks.
The pair of $1 million wagers on the fight are the two largest on this particular bout to this point. However, those weren’t the only two bets that swung the odds back toward Mayweather. MGM and William Hill reported that they each took about $300,000 worth of bets on the undefeated champion throughout Wednesday.
Not Just Those Bets
The South Point sportsbook said it took a pair of bets in the neighborhood of $200,000 on Mayweather within 15 minutes of one another. There was also a $50,000 bet on McGregor at +450 that would pay out $250,000 if he’s able to pull off the upset of a lifetime and defeat Mayweather.
It’s still far from evening out, however. William Hill said that it was still facing a seven-figure liability on McGregor, even after the aforementioned $1.2 million bet.
Westgate reported that for each bet on Mayweather, there were about 12 on McGregor. However, 76 percent of the money was still siding with Mayweather. The average McGregor bet at Westgate came out to $212. Meanwhile, the average bet on Mayweather was just over $8,000. Quite the staggering difference, indeed.
Even with the recent flood of cash on Mayweather, the fight is still reportedly exceeding original expectations bookmakers had. By the time the fight actually starts on Saturday evening, the bout is expected to be the most heavily bet-on boxing match in history. It is expected to surpass the $60 million bet on Mayweather’s knockout victory over Manny Pacquiao back in May of 2015.
Real Madrid superstar Cristiano Ronaldo may be in Russia right now trying t...
There was no shortage of drama surrounding Kawhi Leonard and the San Antoni...
As each state rushes to legalize sports betting, Pennsylvania is sitting in...
In March, West Virginia took a proactive approach to legalizing sports bett...