Pretty much everyone in the boxing world agrees that Conor McGregor stands no chance against Floyd Mayweather in their big boxing superfight on August 26th. No matter what freaky style and power McGregor brings into the ring, the consensus is that Mayweather is simply too good to beat. You’d think that would result in a ton of people betting a lot of money on Floyd, but that’s not really the case thus far. Last time we checked, one sportsbook was seeing over 90% of bets coming in for McGregor.
That may be because you have to bet a ridiculous amount of money on Floyd Mayweather to get any kind of decent return. Floyd is currently a -550 favorite, which means you need to bet $550 to win $100. That’s enough to make a lot of more casual bettors think twice about dumping in large sums of money, but those that are betting on Mayweather are betting big. Way big.
Whoa! The money is starting to come in on @FloydMayweather at the @southpointlv. Biggest bet in Vegas yet? @VSiNLive pic.twitter.com/Kw4VGDOQPe
— Mitch Moss (@MitchMossRadio) August 11, 2017
Over the weekend, an anonymous bettor put down $880,000 on Floyd Mayweather. That amount would pay out $120,000 should ‘Money’ Mayweather win.
@LVSportsBiz EXCLUSIVE: Maloofs place $880,000 bet on @FloydMayweather to beat @TheNotoriousMMA https://t.co/hYo35UbxiL @darrenrovell @ESPN pic.twitter.com/jSMxO0fxSv
— LVSportsBiz.com (@LVSportsBiz) August 13, 2017
Soon after, the identity of the mystery bettors was solved: it was Gavin and Joe Maloof of Las Vegas, wealthy casino magnates that own the Palms Casino Resort and part of the Vegas Golden Knights. They also own a product called ‘Never Too Hungover’ which supposedly cures hangovers, and the Mayweather bet is part of a promotional stunt to raise awareness for the brand. According to sister Adrienne Maloof (of Bravo’s The Real Housewives of Beverly Hills fame), all $120,000 of the winnings will go to a charity of Never Too Hungover’s choice.
No word yet on whether their product will help with the hangovers of Conor McGregor fans the day after the fight who have poured their money in on the longshot UFC champ.
