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Mayweather opened as a whopping -2, favorite , with McGregor a hefty underdog. While the books anticipated early money on McGregor, they far underestimated what was coming their way. Most, but not all, bets on McGregor were small. The liability on McGregor who was fetching or greater odds mounted quickly and reached unprecedented levels for a fight.
The price was shocking, that it moved down so much and we took on so much liability. By June, when the fight became official, Mayweather's odds had dropped to -1, and McGregor The price would continue to shrink. Professional bettors were salivating. If you go back at Floyd's average price the last 10 years, it's got to be north of six dollars , and that's against the top competition in boxing.
So now you're going to give him a subaverage price for a guy that's never really boxed in his life. I'm not willing to put Floyd Mayweather on a blue-light special. We're at , and I think that's a blue-light special. At approximately p. PT -- a few hours before the fight -- Mayweather stopped in at the sportsbook at The M Resort in Henderson, Nevada, where he was a regular customer.
However, he had never made a bet like the one he was trying to place the day of the fight. The bookmakers were concerned over the legality of a fighter betting on anything other a straight win and told Mayweather to hold on, before they ultimately declined to take the bet.
In , neither the Nevada State Athletic Commission nor Nevada Gaming Control had specific regulations addressing a fighter's ability to bet on himself. Gaming Control has since tweaked a regulation that puts the onus on the state's sportsbooks to take "reasonable steps" to prevent anyone directly involved in an event from betting on that event. Mayweather stopped McGregor 1 minute, 5 seconds into the 10th round.
He would've won his attempted bet. Since Mayweather had always been a convincing favorite throughout his career -- against Pacquiao, versus Canelo Alvarez, against Shane Mosely -- professional bettors couldn't believe they could get a similar price on Mayweather versus McGregor. Mayweather's odds dipped under in the days leading up the fight, and the big, smart money began appearing. I'm not sure there will ever be another betting opportunity like that again. Shane Sigsbee of sports betting syndicate Imawhale Sports lives in the same Las Vegas neighborhood as Mayweather and has gotten to know the boxer in recent years.
A few weeks prior to the McGregor fight, Mayweather asked Sigsbee if he was planning to bet on him. Sigsbee said of course and told Mayweather he was going to place the biggest bet of his life on him. Mayweather, an avid sports bettor, often discussed betting strategies with Sigsbee but never got into specific dollar amounts. His company has had more at risk on a game before, but this was the largest wager Sigsbee had ever made personally.
After the fight, Sigsbee got an invitation via text message to go over to Mayweather's house. With his betting slip in hand, Sigsbee jumped into his golf cart and drove a few streets over to Mayweather's place. Despite Mayweather's disappointment, Sigsbee and other professional gamblers enjoyed one of the best betting opportunities they'd ever experienced. Bookmakers were so inundated with money on McGregor that they gladly accepted money on Mayweather, anything to help reduce their liability.
They had bet all their money already. The fight started off with McGregor landing a couple clean shots and surprisingly staying very much in the fight through five rounds. Some bookmakers were sweating. The savvy Mayweather wore McGregor down late, though, and finished him off early in the 10th round when referee Robert Byrd stopped the fight, ending a remarkable betting event.
With two of the biggest fighters in their respective sports, six-figure bets on both sides and unprecedented line movement, it truly was an event we may never see again. Skip to navigation. The betting event of the s: Mayweather vs. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks.
On Friday, at Betfair, the U. That's already nearly four times as much as what was traded on Mayweather-Pacquiao, the previous largest boxing market at Betfair. Las Vegas sportsbooks were expecting more large bets to show up on Friday and Saturday. The deadline for such wire transfers was approaching Friday afternoon at the MGM. One potential large wager could come from Mayweather himself, who's known to regularly place five- and six-figure sports bets. He told the Los Angeles Times this week that he was planning to bet on himself with the largest wager he's ever made.
Skip to navigation. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more.
Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public. Midseason NFL betting report: Prime time 'dogs and overs shining.
Betting battleground: The fight over where people bet in the future. Todd Gurley mistake, missed PAT produce big swings at sportsbooks. Atlanta Falcons.
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