One big-time Las Vegas bettor is extremely confident about Floyd Mayweather beating Conor McGregor later this month.
With Mayweather as a huge favorite over McGregor in this month’s mega-fight, most people placing bets on the fight have been going for McGregor and the big pay-out.
It certainly isn’t as fun to bet on Mayweather, who is a favorite at anywhere between -600 and -950 right now, according to OddsShark.
However, the smart play is almost definitely taking the historically great boxer over an MMA fighter entering a different sport. And that is exactly what one anonymous bettor did on Friday, to the tune of $880,000. It is believed to be the biggest bet laid on the fight so far.
— Mitch Moss (@MitchMossRadio) August 11, 2017
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An anonymous bettor at the South Point Casino placed an $880,000 bet on Mayweather to beat Conor McGregor in a boxing match that is attracting major betting action in Las Vegas. The bout is scheduled for Aug. 26 at T-Mobile Arena.
The $880,000 bet is believed to be the largest placed on the fight in Las Vegas at this point. Mayweather was a -550 favorite when the bet came in Friday afternoon. If the undefeated Mayweather is able to best McGregor, who is making his professional boxing debut, the bettor would net a $160,000 profit.
The bet was so large, that South Point Hotel’s computer wouldn’t process it correctly on one slip.
The original ticket showed only a $120,000 profit, instead of the correct $160,000 that would come from the wager. The misprint was caused by a rule in South Point’s bookmaking system that does not permit payouts of greater than $1 million, according to sportsbook director Chris Andrews. The total payout, should Mayweather prevail, would be $1.04 million.
The book rewrote two separate bets for $440,000 each to rectify the issue.
“I’m glad we got it,” Andrews said of the bet in a text message to ESPN.
According to ESPN, 95-percent of bets are coming in on McGregor, putting sportsbooks in a very tenuous situation if the UFC superstar somehow pulls off a massive upset. A few more near-million dollar bets would definitely help balance things for Vegas.