$1 Million Bets Made on Floyd Mayweather to Beat McGregor

mayweather-mcgregor-fightHow good are Floyd Mayweather’s chances of beating Conor McGregor in tonight’s fight? Good enough that multiple $1 million bets are now rolling in on Mayweather leading up to the mega match.

According to ESPN’s Dave Purdum, Vegas sportsbooks reported “multiple $1 million bets” this week.

The MGM took a $1 million wager on “Money” Mayweather at -550 odds from a VIP bettor. Jay Rood, MGM vice president of race and sports, said that the money was wired to the casino cage. The wager would earn the anonymous VIP bettor a $182,000 profit if they’re successful.

William Hill’s Nevada sportsbook also reported receiving a $1.2 million bet on Mayweather at -500 odds. This customer paid cash and stands to win $240,000 in profits.

Million Dollar Bets are Pushing Mayweather’s Odds Back Up

mgm-sportsbookA flurry of betting activity on Conor McGregor briefly pulled Mayweather’s odds under -500 across the sports betting world.

We here at GTBets experienced the same thing because our early week odds were -455 on Mayweather and +335 on McGregor. Here’s how the odds sit going into the fight:

McGregor, Conor +400
Mayweather, Floyd -550

As you can see, we’ve added almost -100 to Money’s odds in the last few days. And some Vegas sportsbooks have put him at -600 lately.

Other Big Bets Reported on Mayweather

mayweather-mcgregor-million-dollar-bets“The price is skyrocketing right now,” Rood told ESPN regarding the dramatic line shifts with Mayweather.

The two $1 million bets are the largest known wagers on the fight to this point. They highlight a sudden surge in betting activity surrounding Mayweather. Aside from the $1 million bets that William Hill and MGM took, they each accepted $300,000 wagers on Money.

The South Point sportsbook reported taking two bets worth “approximately” $200,000 on Mayweather within just 15 minutes of each other.

These came just after somebody wagered $50,000 on McGregor at +450 odds. This would earn the winner a $225,000 profit if McGregor can win.

McGregor still Leading the Action

mcgregor-sparringIt would seem that Mayweather is drawing the majority of the betting action when looking at recent wagers. But sportsbooks are still a long way from closing the gap between McGregor and Mayweather.

William Hill reports that even after the $1.2 million wager on Mayweather, they’d face a “seven-figured liability” if McGregor wins.

Westgate SuperBook told Purdum a different story, though. They said for every bet they received on Money, there were 12 placed on “The Notorious.” However, 76 percent of the money was on Mayweather winning. Going further, the average bet placed on McGregor is worth $212, while the average on Mayweather is $8,036.

Recording Breaking Betting Action

Everybody expected the Mayweather-McGregor fight to be big in terms of betting. But few expected the action to be this extreme.

The numbers have yet to come in from every sportsbook. But it’s estimated that Mayweather-McGregor will easily trump Money’s fight with Manny Pacquiao in May 2015. This match drew a record $60 million in betting action at land-based sportsbooks.

Why All of the Sudden Big Bets on Mayweather?

SPO-BOX-FLOYD-MAYWEATFloyd Mayweather opened this fight as a massive betting favorite. His GTBetst odds were as high as -800 at one point.

But McGregor’s bold predictions and press conference antics have won him plenty of fans since then. And this helped sway some of the betting action his way.

Mayweather’s odds have been dropping steadily ever since. And the $1 million bettors, as well as the $300k bettors, were likely waiting for the lowest possible price.

That came this week, as Money dropped as low as -400 at some sportsbooks. Bettors who waited until this weekend now stand to win twice what they would’ve by betting on Mayweather right away.

Few are expecting anything different than a Mayweather victory tonight. He’s a perfect 49-0 in the boxing ring and has beaten some of the sport’s greatest.

McGregor, on the other hand, has never fought an amateur or professional boxing match. The UFC lightweight and featherweight champion is looking to pull off the biggest upset in boxing history.

McGregor’s long-shot odds are yet another reason why people are willing to bet so big on Mayweather.

Mayweather vs McGregor Odds: Mayweather Favored Heavily

After months of negotiations – including times when it felt like a fight would never happen – UFC champion Conor McGregor and undefeated boxer Floyd Mayweather will meet in a boxing match.

The fight is set for August 26 at Las Vegas’ T-Mobile Arena. Both McGregor and Mayweather have confirmed the bout via social media.

UFC president Dana White, who has a contract with McGregor, says that the match will happen at 154 pounds, and last for 12 rounds. The Nevada Athletic Commission put their approval on the event, although the Mayweather camp is pushing for a venue change to MGM Grand.

Regardless, the fight is set for Aug. 26 and will be distributed via Showtime pay-per-view.

What can we expect when McGregor and Mayweather meet in the ring? Find out as we discuss the odds, fighters, and an interesting weigh-in from one of McGregor’s sparring partners.

Mayweather Favored by a Wide Margin

Floyd Mayweather is 49-0 in his professional boxing career, so it’s little surprise that he’s up big on our GTBets.eu line. Here’s a look at how we have the fight right now:

Conor McGregor +500
Floyd Mayweather -700

Mayweather retired last year after racking up 49 wins from 1996 to 2015. He’s easily boxing’s biggest pay-per-view draw, earning $100 million from a 2015 fight with Manny Pacquiao.

Given that he was unlikely to ever get a check this big again, and there were no serious rivals left, “Money” retired after a Sept. 2015 victory over Andre Berto.

Despite retiring, Mayweather will step back into the ring as the best fighter of his generation, and one of the greatest of all-time. If he beats McGregor, as expected, it would run his record to a perfect 50-0.

As for McGregor, he’s an elite MMA fighter who’s known for his knockout power. Case in point, he won the UFC featherweight title through a 13-second knockout against Jose Aldo on Dec. 12, 2015.

The Irishman then went on to split non-title welterweight fights against Nate Diaz before knocking out Eddie Alvarez in Nov. 12, 2016 to win the lightweight belt. This makes McGregor the first-ever fighter to hold two UFC belts at the same time.

Despite McGregor’s MMA pedigree, he’s being given little chance due to the fact that this is his first professional boxing match.

McGregor-Mayweather Deal Finally Gets Done

mayweather-mcgregor-odds-boxingAs mentioned in the introduction, this fight has been going back and forth since last year. The two tweeted many times about a possible match, although some were skeptical that it would happen.

But White added fuel to the speculation when he appeared on Conan O’Brien and spoke about how he thought the fight would happen due to the massive amount of money involved.

“Is this thing possible? Yeah, I think it’s possible. Do I think it can happen? I do, because there’s so much involved. But it’s a long, long way away from happening,” said White.

White had been in prolonged discussions with Al Haymon, Mayweather’s adviser, since 2017 kicked off. Haymond had to go through White because of McGregor’s UFC contract.

By May 18, White announced that he and McGregor had come to a financial agreement. This meant that a financial split with Mayweather was the final hurdle. And with Money matching his biggest payday ever, both sides are satisfied.

McGregor’s Sparring Partner Releases Telling Video

While both sides were unsure about how likely this fight was to happen, McGregor began training as if it were a reality. And he sparred against former IBF International Welterweight title holder Chris van Heerden as part of his training.

McGregor’s camp released a video that showed the UFC champ holding his own against van Heerden. However, the South African boxer released his own version that reveals him to be dominating the unpaid sparring session (see below).

Van Heerden, who’s 25-2-1 as a professional fighter, explained that he released his own version to show respect for the sport of boxing.

“Because people are tweeting and talking and telling me that Mayweather has his hands full landing on Conor McGregor,” said Van Heerden. “I’m a professional fighter, boxer. And I’m standing up for the sport. I was just making it very clear that, don’t be ridiculous. If I could land, don’t tell me Floyd Mayweather is not gonna land.”

When asked if he thought that boxing was being disrespected, van Heerden said no. However, he wanted to make clear that McGregor won’t just walk into the ring and match up with the sport’s top fighter.

“This is just a platform to prove that in boxing,” he said, “a mixed martial artist taking on a boxer in the world of a boxer, you’re not gonna beat a boxer in boxing taking him on if you come from mixed martial arts.”

Van Heerden Gives McGregor a Puncher’s Chance

Knockouts can happen in any fight, and van Heerden gives McGregor some small chance thanks to his power.

“It would be ridiculous for me to say he has no opportunity, he has no chance,” Van Heerden explained. “Yes, he has a slight chance of pulling it off. He’s a fighter, he’s a mixed martial artist. He can land one big punch. It can happen. This is fighting, it’s two men in the ring. The opportunity is there. He doesn’t have a zero chance of beating or causing the biggest upset in the sport. Yes, he has. In my opinion and I’m gonna stick by it and I’m not afraid to say it, there’s no way he’s beating Mayweather.

“I have nothing but respect for McGregor. There’s no bad blood. I think [he’s] phenomenal. And being a southpaw, it’s gonna work in his favor. He’s got the power to do it. I wasn’t fazed by his power, I wasn’t hurt. But again, we didn’t have 10-ounce gloves on and he’s got some small chance of causing an upset.”

One key point here is that van Heerden and McGregor sparred last year, so the latter has improved somewhat. But on the other hand, he’ll be facing an even greater champion in Mayweather, which makes it questionable how well McGregor will fare.

We shall find out on August 26.