UK bookmakers register new boxing betting record

Betfair estimate their figures will rise to £100 million by the time on next Saturday’s fight, and the total wagered across the UK’s high street gambling industry will ‘easily’ rise to between £200-300 million.

"It’s hard to see how McGregor is going to beat him but the money just keeps coming for him. It’s baffling, really, our traders are absolutely flummoxed by it,” said Barry Orr, head of media relations at Betfair.

With this being said, wagers have been divided between casual punters seeking a bigger payday by placing small bets on notorious and more sophisticated gamblers, seeing an opportunity to make some easy cash by betting large sums of money on Money Mayweather.

"It’s something we don’t traditionally see on a fight. I knew he’d be a popular play, but I didn’t think he’d be so overwhelming. When we book him in MMA, he has a considerable amount of backers but I expected that to be tempered because this will be a boxing match,” said vice-president of sports and races at MGM Resorts, Jay Rood.

With a strong belief that this fight will be the richest boxing event in history, "it’s absolutely mind-blowing. It seems to have captured the betting public’s imagination like we have never seen before. Not just in terms of boxing events but sporting events,” said Orr.

Source: GMB / Betting-business.co