SBC News Voice of the Sports Betting Industry
With 19 days until the opening bell of the most anticipated boxing event in recent memory, Floyd ‘Money’ Mayweather vs ‘The Notorious’ Conor McGregor has already smashed betting records.
Betfair has revealed that betting on the bout has already surpassed the £10m mark, making it the biggest boxing event in Betfair history.
The previous record was £8.9m, set in 2015 when Mayweather comfortably outpointed Manny Pacquiao. However, Betfair revealed they have already taken a staggering £11.3m on just the outcome of the Mayweather/McGregor fight.
On 26 August, when Mayweather steps into the ring for the 50th time, Betfair believe the amount staked on the fight will be well in excess of £50m.
Betfair Spokesperson, Katie Baylis said: “It’s now three weeks until one of the most anticipated fights in recent memory and with £11.3m bet on the outcome alone already this is now the biggest boxing betting event in Betfair history.
“We expect this fight to trade well over £50m and could even get to the £100m mark, which would be one of our biggest sporting events of all time.
“Floyd Mayweather Jr is the 1/5 favourite, with Conor McGregor at 5/1. As you would expect most of the money is for Mayweather Jr, however 40% of bets are on McGregor, compared to 34% on Mayweather Jr and 26% on the draw.
“The biggest single bet was £100k on Mayweather Jr at the start of the month and we are sure to see plenty more bets of this nature as we edge closer to this massive sporting event.”
