Punters Back McGregor to Bookies’ Relief

Jake Cooper | 05 Sep 2017

Floyd Mayweather Jr The biggest boxing match of the century ended with a victory for Floyd Mayweather Jr over Conor McGregor, and a moment of great relief for bookmakers. According to bookies, the majority of punters had backed McGregor to win the fight on 26 August.

A defeat by the Irishman would have been something of a financial disaster for bookies. Paddy Power Casino, William Hill, and MGM, revealed that between 80 and 95 per cent of punters bet on McGregor.

Paddy Power alone would have had to pay out no less than £10 million. In Las Vegas, bookies would have paid out a collective $48 million.

Money On the Money

Of course, some punters did back Mayweather, and the bookies paid out. The odds on Mayweather meant that punters who hoped to make a profit would need to place big bets.

According to the MGM Grand Hotel, one punter placed a $1 million bet that raked in a profit of $180,000. At one of William Hill’s shops, a punter placed a $1.2 million cash bet for a profit of $240,000.

The Big Fight

The big fight at the T-Mobile Arena in Paradise, Nevada, began after Imelda May’s performance of the Irish national anthem and Demi Lovato’s performance of the USA national anthem.

McGregor got off to a good start. He headed the scorecards in the fight’s early rounds, but as the fight progressed, the Irish UFC champion began to flag. Mayweather began to show his dominance in round 9.

One minute and 10 seconds into round 10, and referee Robert Byrd called a technical knockout in favour of Mayweather. The win meant that Mayweather surpassed boxing legend Rocky Marciano’s record of winning 49 consecutive professional fights.

While McGregor said that he respected the referee’s decision, he felt that the fight had been ended sooner than was necessary.

Despite being billed as the Fight of the Century, it was met with derision by some commentators and fans. However, great boxers such as Mike Tyson have given the fight a thumbs up, with Tyson having described McGregor’s performance as A-grade and impressive.

In an interview that followed the fight, Mayweather announced that the occasion would be his very last fight, and that he would retire. McGregor, on the other hand, said that while he will return to mixed martial arts, he would be willing to step inside a boxing ring again.

What the Bookies Are Watching

It might not be as big as the Money Fight, but the next fight the bookies have got their eyes on will also take place at the T-Mobile Arena. On 16 September, Gennady Golovkin will defend his WBA, IBO, IBF, and WBC titles.

All eyes will be on the ring when Golovkin faces Canelo Alvarez. According to bookies, Golovkin is the favourite to win.

Sources:

https://www.casinopedia.org/news/bookies-delighted-by-mayweather-win-after-80-of-punters-backed-mcgregor

https://en.wikipedia.org/wiki/Floyd_Mayweather_Jr._vs._Conor_McGregor#cite_note-sportsbooks_learn-61

http://www.businessinsider.com/conor-mcgregor-floyd-mayweather-bets-2017-8