BLOG
CAPPERTEK << Back to Sports Betting News / Blogs
Mayweather-McGregor fight estimated to fetch record betting handle
Posted: Friday, August 25, 2017 by CapperTek

More money will have been bet on the Floyd Mayweather-Conor McGregor fight than on any other boxing match in history by the time the opening bell rings Saturday night.

It already is the most heavily bet fight ever at some sportsbooks, from Nevada to the U.K.

On Thursday night, roughly 48 hours before the fight, William Hill's sportsbooks in Nevada had already taken more money on Mayweather-McGregor than they did on the 2015 Mayweather bout with Manny Pacquiao, which was the previous most heavily bet fight.

Nevada Gaming Control does not track the betting on individual boxing matches and lumps boxing into an "other" category, along with UFC, hockey, golf, tennis, auto racing and soccer, on the monthly revenue reports.

In May 2015, a record $81.1 million was bet on the "other" category, and bookmakers estimated the Mayweather-Pacquiao fight accounted for $60 million statewide. They're expecting the handle on Saturday's fight to easily eclipse that amount, with estimates as high as $80 million.

"It's going to be the biggest fight handle ever. Period," William Hill director of trading Nick Bogdanovich said.

On Thursday, two $1 million bets were placed on Mayweather. That's one more million-dollar bet than was reportedly taken on the Super Bowl earlier this year at Nevada books.

The Westgate SuperBook had already taken more six-figure bets on the fight than it did on the Super Bowl, according to vice president of race and sports Jay Kornegay.

On Friday morning, Mayweather's odds could be anywhere from -500 to -600 in Las Vegas. At sportsbooks in the U.K., he was down to -450. McGregor was around a 4-1 underdog.

The number of bets on just McGregor was rapidly approaching 10,000 on Friday at William Hill and was on pace to surpass the total number of straight bets (point spread and money line) on the college football national championship game between Alabama and Clemson.

And a large chunk of the action on the fight is still to come.

"Most people wait until the day of the fight to bet," said Ed Malinowski, sportsbook director at the Stratosphere.

By Saturday night, there may be more bets on just McGregor than there were on the New England Patriots in the Super Bowl at some books.

"I'm not sure I've ... seen this kind of lopsided action [in terms of the bets]," Kornegay, a 25-year veteran book manager in Las Vegas, told ESPN on Thursday.

Approximately 92 percent of the bets were on McGregor at the Westgate, but 77 percent of the money was on Mayweather. That's just on the odds to win the fight. There are dozens of proposition wagers available at the sportsbooks.

The worst-case scenario for MGM's sportsbook would be a McGregor knockout in the first round. The odds on a McGregor first-round knockout opened at around 45-1 and had been bet down to 15-1 as of Thursday.

Saturday's fight is setting betting records around the globe. Irish sportsbook Paddy Power was anticipating $250,000 would be bet on the fight industrywide in the U.K.

On Friday, at Betfair, the U.K.'s leading sports betting exchange, £29 million ($37.3 million) had already been traded on Mayweather-McGregor. That's already nearly four times as much as what was traded on Mayweather-Pacquiao, the previous largest boxing market at Betfair.

The most heavily traded soccer match ever at Betfair, the 2010 World Cup Final between Spain and the Netherlands, generated £68 million in trades.

Australian bookmaker Tabcorp is also anticipating Mayweather-McGregor to be the book's most heavily bet fight in the company's 20-year history, topping the $4 million that was bet on a 2006 bout between Australians Anthony Mundine and Danny Green.

"To show the scale of interest, the Super Bowl held $1.5 million and Game 5 of the NBA Finals between the Cavs and Warriors held $1 million," Tabcorp's Matt Jenkins told ESPN in an email.

Three days before fight night, Paddy Power, known for its marketing savvy, went ahead and paid out on all Mayweather bets, $320,000 worth of them.

"Patriotism aside, we are paying out early on a Mayweather victory -- because we checked, and only one of them is a boxer," the sportsbook quipped in a release.

Las Vegas sportsbooks were expecting more large bets to show up on Friday and Saturday. The MGM sportsbook at the Bellagio on Thursday took a $1 million bet on Mayweather from a customer who wired in the cash to the cashier's cage. The deadline for such wire transfers was approaching Friday afternoon at the MGM.

"There's always been those times that guys will show up at the counter with a couple bags of cash," MGM vice president of race and sports Jay Rood said. "So that's in the realm of possibilities."

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.

"You guys will see the betting ticket, don't worry," Mayweather told the paper.

Home   :   Directory   :   Leaderboard   :   Access Picks   :   My Account   :   About Us Copyright © 2013 - 2017 CapperTek, All Rights Reserved.
Affiliate Program   :   Technology   :   Marketing   :   News / Blogs   :   Handicapper Blogs   :   FAQ Betting Trends   :   Game Simulator   :   Game Capsensus
Free Widgets / Betting Tools   :   YSLD   :   XML Site Map   :   HTML Site Map   :   100% SSL Secure Website Contact Us   :   Terms of Service   :   Privacy Policy
CapperTek Blogs / Links CapperTek Facebook CapperTek Twitter CapperTek Google+ CapperTek Blog CapperTek Tumblr CapperTek YouTube CapperTek Google Search Results CapperTek Bing Search Results CapperTek Yahoo! Search Results CapperTek Ask Search Results CapperTek Alexa Rank CapperTek is 100% SSL Secure!
CapperTek - Sports Handicapping Service Directory - Buy, Sell, and Track Documented and Transparent Sports Picks
Football
Basketball
Baseball
Hockey
Soccer
Mixed Martial Arts
NFL Picks NBA Picks MLB Picks NHL Picks Soccer Picks MMA Picks
NFL Odds NBA Odds MLB Odds NHL Odds Soccer Odds MMA Odds
NFL Lines NBA Lines MLB Lines NHL Lines Soccer Lines MMA Lines
NFL Spreads NBA Spreads MLB Spreads NHL Spreads Soccer Spreads MMA Spreads
NFL Betting Advice NBA Betting Advice MLB Betting Advice NHL Betting Advice Soccer Betting Lines MMA Betting Lines
NFL Betting Trends NBA Betting Trends MLB Betting Trends NHL Betting Trends Soccer Betting Advice MMA Betting Advice
NFL Betting Consensus NBA Betting Consensus MLB Betting Consensus NHL Betting Consensus Soccer Betting Trends MMA Betting Trends
NFL Las Vegas Odds NBA Las Vegas Odds MLB Las Vegas Odds NHL Las Vegas Odds Soccer Las Vegas Odds MMA Las Vegas Odds
NFL Game Simulator NBA Game Simulator MLB Game Simulator NHL Game Simulator Soccer Las Vegas Lines MMA Las Vegas Lines
NFL Scores NBA Scores MLB Scores NHL Scores Soccer Handicappers MMA Fight Analysis
College Football Picks College Basketball Picks Baseball Betting Picks Hockey Betting Picks Soccer Tipsters MMA Fight Tips
College Football Odds College Basketball Odds Baseball Odds Hockey Odds Soccer Results MMA Predictions
College Football Lines College Basketball Lines Baseball Lines Hockey Lines Soccer Tips UFC Fight Picks
College Football Spreads College Basketball Spreads Baseball Spreads Hockey Spreads Soccer Predictions UFC Fight Odds
College Football Betting Lines College Basketball Betting Lines Baseball Betting Lines Hockey Betting Lines Soccer Stats UFC Predictions
College Football Betting Advice College Basketball Betting Advice Baseball Betting Advice Hockey Betting Advice Soccer Analysis UFC Matchups
College Football Betting Trends College Basketball Betting Trends Baseball Betting Trends Hockey Betting Trends Soccer Matchups UFC Betting Tips
College Football Betting Consensus College Basketball Betting Consensus Baseball Betting Consensus Hockey Betting Consensus Soccer Fixtures UFC Betting Advice
College Football Game Simulator College Basketball Game Simulator Baseball Game Simulator Hockey Game Simulator Soccer Betting Picks UFC Fight Analysis
College Football Scores College Basketball Scores Baseball Scores Hockey Scores Soccer Scores UFC Betting Trends
PLEASE NOTE: CapperTek is not a gambling or sports betting website and does not accept or place wagers of any type. CapperTek does not endorse or encourage illegal gambling or sports betting of any type. Also note sports betting inherently involves financial risk. CapperTek assumes no responsibly for the loss of capital incurred due to the use of information contained on this website. Past results do not guarantee or imply future performance. Please bet on sports legally within your jurisdiction and responsibly within your financial means.
UNITED STATES CITIZENS PLEASE NOTE: The content and information contained on this website or any of the sports handicapping service websites listed on this website are strictly for news and entertainment purposes only. Any use of this content or information in violation of federal, state, or local laws is strictly prohibited. Activities offered by advertising links to other sites may be deemed an illegal activity in certain jurisdictions. Viewers are specifically warned that they should inquire into the legality of participating in any games and/or activities offered by such other websites. The owner of this website assumes no responsibility for the actions by and makes no representation or endorsement of any of these games and/or activities offered by the advertiser. As a condition of viewing this website viewers agree to hold the owner of this website harmless from any claims arising from the viewer's participation in any of the games and/or activities offered by the advertiser.

Every sports handicapping service website listed on this website is an individually owned and operated private entity. CapperTek does not have any direct affiliation with any of the sports handicapping service websites listed on this website. CapperTek is also not responsible for the content or accessibility of any of the sports handicapping service websites listed on this website. Links to other service websites do not imply any promotion or endorsement of any of the content or information found on those websites. If you choose to follow links to other websites you do so entirely at your own risk. Any third party photographs, images, videos, audio, logos, slogans, trademarks, service marks, domain names, and intellectual property represented on this website are property of their respective owners.