Las Vegas has caught up with the online sportsbook line movement on the Floyd Mayweather vs. Manny Pacquiao super-fight May 2.
When online bookmakers opened the betting market, Mayweather was installed as a 3 to 1 favorite or -300, meaning a $300 stake was needed for a return of $100.
SBR covered the ensuing line movement when the market adjusted and saw Mayweather hit as low as -185 at Pinnacle Sports, whom SBR interviewed on the historic bout and the sportsbook's larger than ever limits. Players are able to make multiple $25,000 wagers on either fighter and will be able to bet over $100,000 at once the week of the fight.
In Vegas, the line was slower to drop than at online sportsbooks. While more than three times as much money has been bet on Pacquiao, enough large six figure bets from sharp players had been made on undefeated Mayweather to keep the line over 2 to 1.
The MGM ended up lowering the line to -180, according to assistant sportsbook manager Jeff Stonebrook in an interview with CBS Sports.
Current outright winner odds at the most well known online sportsbooks:
Using the above data, players can see that if they're looking to bet underdog Pacquiao, the best payoff is offered by Heritage Sports at +185, or $185 for every $100 bet on the Filipino congressman.
For betting Mayweather, Pinnacle Sports has the cheapest price at -189, so at Pinnacle you can bet $189 to win $100, instead of bet $200 or more like with some other online betting sites.
While it is true that Vegas traditionally mirrors online sportsbooks, the volume wagered on this bout is expected to approach Super Bowl betting territory, so it is very conceivable that depending on the side you wish to bet, the line at betting shops may vary greatly based on how much volume that particular sportsbook has been received.
Another popular betting market is the total number of rounds the fight lasts. The over 11.5 rounds is a 3 to 1 betting favorite, while the under returns 2.75 to 1.
Sportsbook Review makes a full range of Mayweather vs. Pacquiao betting props available in the boxing prop bets directory. This list shows the complete variety of wagering props for betting on the May 2 super-fight.
Exotic Prop Bets on Mayweather vs. Pacquiao
One interesting market is the rounds won on judges' scorecards. The present line is as follows:
Pacquiao +6.5 +100
Mayweather -6.5 -115
When handicapping the line offered by online sportsbooks, players are likely to consider that in two of his last three bouts, unbeaten Mayweather had a judge turn in an even scorecard (ruling the bout a draw). If that had been the case against Pacquiao, the line of +6.5 rounds won would have been a winner.
Bettors in favor of the unanimous decision result and a Mayweather victory (1.5 to 1 payoff) would likely make a correlated wager on Mayweather to cover the 6.5 point rounds won margin.
There has been much discussion in the SBR boxing forum that the fight may end in a draw to setup a rematch. Conspiracy theorists can win 22 times their money if the fight ends in a draw, whereas those who absolutely expect either fighter's hand to be raised will have to pony up $3,000 to win $1,000 factoring in the current sportsbook odds.
Sportsbook Review will keep readers updated with the latest betting market trends on Mayweather vs. Pacquiao. Visit the Mayweather vs. Pacquiao betting props directory.