Big bets on McGregor tighten the odds in Las Vegas

The bets continue to roll in for Conor McGregor to do the unthinkable on August 26th. When Mayweather-McGregor was first announced, the bookies at the Westgate Las Vegas SuperBook opened with Mayweather as a -2500 favorite, and McGregor a +1100 dog — but things wouldn’t stay that way for long.

ESPN reports that the most of bets placed at the Westgate (93% of tickets and 76% of money) has been put down on McGregor, with some bigger wagers on McGregor coming in just yesterday.

The Westgate reportedly took two low five-figure bets on McGregor at +500 yesterday afternoon, which pushed the odds to the closest they’ve been since the fight was made official. That had McGregor sitting as a +425 dog and Mayweather as a -550 favorite. Gamblers immediately jumped on those lower odds to put more money down on Mayweather, pushing the odds back to -600 for Mayweather and +450 for McGregor. Still a big contrast to where where the books opened.

What you can take from all this is that people aren’t just betting on a Conor McGregor win with their mouths, they’re actually opening up their wallets for what would be a shocking, shocking upset (although not so shocking to those who actually think McGregor will win — and there are apparently plenty of those).

So either P.T. Barnum was right, or a lot of people know something that I apparently don’t...