Key Takeaways
Two unidentified gamblers made separate million-dollar bets on Floyd Mayweather to defeat Conor McGregor in Saturday night’s fight at T-Mobile Arena in Las Vegas. The big outlays were enough to move betting lines while also showing all the big money going in one direction.
With the Floyd Mayweather-Conor McGregor fight one day away, money is starting to pour in on the boxing champion, easing the fears of Las Vegas sportsbooks. (Image: YouTube)MGM Resorts reported a $1 million wager made at the Bellagio on Thursday, with the money put on Mayweather to win at -550. If it comes through, it would return a $182,000 profit.
Also on Thursday, William Hill acknowledged that one of their sportsbooks took a bet for $1.2 million, where the line was -500. That ticket would kick back a net win of $240,000.
These bets managed to move the line back to -600 at most Las Vegas sportsbooks. It had been as high as -2,500 earlier in the year.
Nervous BookiesNick Bogdanovich, William Hill’s director of trading, told ESPN earlier this week that a McGregor victory would be a disaster.
“All I know is we re less than a week away from making a lot of money or getting [clobbered],” he said. “I never dreamed in a million years that it would create this kind of frenzy.”
Experts predict this will be the most heavily bet fights in history.
The Westgate LV SuperBook reported that one in every 12 fans was coming to the window to put cash down on Mayweather, but at much smaller sums.
The average McGregor bet at Westgate was $212, but the average Mayweather bet was $8,036.
In terms of numbers of bets, most of the wagers have been on McGregor, the Irish UFC fighter whose odds currently are running about +350 (which means $100 bet would return $450).
Shifting LinesWith all the action coming in on the Irish UFC fighter, adjusted their lines to stimulate more attention on Mayweather. While the quantity of bets are still in McGregor’s favor, the amount of money bet is definitely in the boxer’s corner.
In addition to the million-dollar bets, South Point casino officials said they’ve taken two $200,000 tickets, while MGM and William Hill said they saw $300,000 transactions, all for Mayweather to win.
, former owners of the Sacramento Kings and Palms casino, bet $880,000 on Mayweather earlier this month at South Point.
shoewearanywhere.com
