The media circus may have died down a bit, but the excitement for the upcoming Mayweather vs. McGregor fight is still at its peak. The fact is apparent when you look at Betfair receiving record breaking bets on the Aug 26 bout.
Richest Fight in History
There are only 3 weeks remaining until Floyd Mayweather Jr. (49-0) and Conor McGregor (0-0) step into the ring and battle it out in the richest fight in history.
Experts are predicting that the fight could raise more than $400 million in revenues. The ticket pricing and the PPV sales may help to break even that predicted mark.
Each fighter is set to make a huge purse, with Mayweather set to pocket close to $300 million. In a recent interview, ‘Money’ said that he will be ‘making about $3 million per minute’.
To put that into perspective, Bill Gates makes a measly $23,000 per minute in comparison.
Millions in Bets
With hundreds of millions of dollars already in play, Betfair has revealed that the bets for the fight have crossed a record breaking £10 million ($13 million).
That is more than they have received for any boxing fight in history. The last betting record was set for the Mayweather-Pacquiao fight, which was £8.9 million. But that was the closing number for the fight.
For the Mayweather and McGregor fight, the number has already reached £11 million, and we are still 19 days away from the fight.
The company is saying that they expect the amounts to get to £50 million in the coming weeks and on fight the day the mark will be close to £100 Million!
That is a staggering mark and getting close to Super Bowl and March Madness territory.
Break Down of Bets
Betfair, like many other betting sites, is giving 1/5 odds on Mayweather because he is the favorite to win. Conor McGregor is at 5/1 being the underdog.
40% of the bets are being placed on McGregor because of the potential huge payouts. 34% are being placed on Mayweather and 26% placed on the match being a draw.
Single bets exceeding £100,000 are being placed every day and the trend will continue in the days to come.
Floyd Mayweather Jr. and Conor McGregor will meet in the T Mobile Arena in Las Vegas on Aug 26.
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