This weekend’s long-awaited fight between undefeated boxer Floyd ‘Money’ Mayweather and Ultimate Fighting Championship star Conor McGregor is making bookies nervous.
After oddsmakers failed to anticipate that the UK would vote for Brexit, and that President Donald Trump would manage an upset victory in November’s US election, Las Vegas’s gambling professionals are afraid that McGregor could pull off an upset of his own. And thanks to a flood of last minute bets, bookmakers are facing historic losses – possibly the largest ever – if the Irish mixed-martial artist comes away with the “W,” according to CBC Sports.
That’s because McGregor fans have flooded bookmakers with small bets that will pay off heavily if he wins, and even more so if he does it early, or by knocking out his opponent. One oddsmaker said the betting slips received by his company were 18-1 in McGregor’s favor thanks to a flood of $100 bets.
‘McGregor fans have flooded sports books with $100 bills backing the mixed martial arts fighter, and even a late surge of money on Mayweather might not be enough to balance the books. “I’m OK now,” said William Hill oddsmaker Nick Bogdanovich. “But you might want to have a heart monitor on me when the bell rings and Conor starts throwing wild lefts.”
This post was published at Zero Hedge on Aug 25, 2017.