Undefeated champion Floyd Mayweather’s odds are shrinking for his May 2 welterweight showdown with Manny Pacquiao at the MGM Grand Garden Arena. On Tuesday, a customer at the MGM Mirage placed two $50,000 bets on the underdog Pacquiao. The sportsbook responded by dropping Mayweather’s odds to minus-180. He was an even smaller favorite at other books. When the fight was finalized in late February, Mayweather was listed as high as minus-275.
MGM assistant sportsbook manager Jeff Stoneback said that at his shop three times more money has been wagered on Pacquiao than on Mayweather. Sportsbook operator CG Technology reported overall bets were 6-1 in favor of Pacquiao.
There have been a few big bets places in Mayweather’s favor, but overall the action heavily favors Pacquiao. We will find out May 2nd if a lot of people cashed in or went broke.