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Originally Posted by CalledDownLight
that's interesting and also tells me that most of the smart money is already in in some way.
Relevant x-post from Boxing thread:
PP says they paid out £250,000 ($320,000) of Mayweather winnings, meaning that a little over £1 million ($1.3 million) had been bet on Mayweather so far.
Meanwhile, they are "predicting more than £200 million ($256 million) in bets - with most of the money expected to come in the 36 hours before the bout. It is more than three times the size of the next biggest boxing market, when Mayweather fought Manny Pacquiao in 2015, and by far the Paddy Power’s biggest event of the year."
https://news.paddypower.com/boxing/2...ather-victory/[/QUOTE]
If that is anywhere close to accurate (and even if it's way way off, actually), most of the money has not come in yet, both smart and dumb.
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well the line wasn't always where it is now, but lets just assume the average $ on Floyd is at -500 and the average bet on Conor is at +425.
If you have $1mm in total bets thats $810k on Mayweather to win $162k ($972k total payout) and $190k on Conor to win $807.5k ($997,500 total payout). Thus, the book is winning both ways, but they are winning more on Mayweather.
Since many multiples of $1mm are being bet the liabilities/profits will be based on different average betting lines, but I can't imagine any book wanting to root for Conor so they'll make sure it doesn't tilt in that direction.
This is good and accurate. An even simpler explanation would be that 81%/19% = +-426 vig-free line on a balanced book, which is relatively close to the -450 Floyd line being discussed.