Former boxing champion Floyd Mayweather Jr. and current UFC lightweight champion Conor McGregor are officially squaring off inside the ring on August 26. As a result, gamblers from around the world have already begun placing their wagers on the two fighters, and the odds are already trending in an interesting direction.
“When the fight was announced Wednesday, Mayweather, the former boxing pound-for-pound king, was listed as a minus-1,100 favorite,” writes David Purdum of ESPN. “But by Saturday afternoon, Mayweather’s odds had been trimmed nearly in half, down to minus-600 at some shops, as books were flooded by small bets on McGregor, the UFC lightweight champion.”
This comes as absolutely no surprise given the odds, but the amount that the line has already moved will surely add to the list of those betting on the favorite in Mayweather along the way.
“At Caesars Palace sportsbooks, 140 of the first 144 bets were on McGregor, who was paying back around 5-1,” Purdum added. “Almost all of the early action was small and placed by recreational bettors. One sportsbook manager described it as ‘square-a-palooza.’”
However, because of the lopsided odds favoring Mayweather, the heralded boxer has received a few hefty bets in order for those placing wagers to actually earn something in the end.
“The bets on Mayweather, however few and far between, have typically been larger than the bets on McGregor. The Westgate SuperBook took a $50,000 bet on Mayweather on May 30, two weeks before the fight was made official, and CG Technology took a $45,000 bet on Mayweather on Thursday.”