Maloof Brothers Bet on Mayweather with $880 000 Wager
The hyped boxing match between Floyd Mayweather and Connor McGregor is just over ten days away, and the hype hasn’t died down. It is still attracting plenty of bets, and the largest wager to date has just been placed. The bet was made by the Maloof brothers, Gavin and Joe, with the brothers placing two bets on Mayweather. These two wagers totaled $880 000, which is the largest bet made on the fight.
Maloof brothers Will Donate Winnings to Charity
The Maloof brothers have chosen to bet on match favorite, but they are also friends with Mayweather. Because Mayweather is the big favorite for the match, the odds were sitting at -550. This means that players would have to bet $550 to win $100. If Mayweather is victorious on the 26th of August, the $880 000 wager the Maloof brothers just placed will net them $160 000 profit. While that certainly is a nice payday, $880 000 is a lot of money to risk for a $160k payoff.
The brothers have already said that if Mayweather wins, they will donate the profits from the bet to charities in Los Angeles and Las Vegas, which is a great gesture from the pair. However, they can only do so if Mayweather emerges victorious. If not, the $880 000 will go into the bank account of the operator that accepted the bet, South Point.
McGregor Still Talks the Talk
As we’ve said before, McGregor faces a tough fight with Mayweather, and very few boxing experts give the UFC fighter much chance. He has never boxed professionally before, and Mayweather is considered by many to be the best boxer in the world. However, McGregor has been training hard and has remained bullish ahead of the fight. He recently said, “I am no stranger to being the underdog on paper. I am the better man. After Saturday, August 26, I will be a god of boxing.”
Should he manage to win, that would be a disaster for most sportsbooks, as they had plenty of wagers placed on McGregor. There would be huge sums of money that they would need to payout to the winners. One thing is for sure, this is going to be a very interesting boxing match, and we don’t have to wait too much longer for the result.