Terence Crawford and Saul “Canelo” Alvarez square off on Saturday at Allegiant Stadium in Las Vegas in one of the biggest fights of the year.
Several bettors will have a very large rooting interest.
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A bettor at BetMGM wagered $2 million on Crawford to win the fight at +140 odds on Friday night. The wager would win $2.8 million and is the largest reported wager on the fight.
One bettor at Caesars Palace in Las Vegas also wagered $715,000 on Crawford to win the fight at +140 odds, which would win just over $1 million ($1.001 million to be exact). Other sportsbooks have taken six-figure wagers on Crawford as well.
“We just took a very large bet on Crawford to win and by KO,” Andrew Babakitis, risk manager at the Westgate Las Vegas Super Book, told Yahoo Sports via text message on Friday afternoon. “Price moved from -180 to -160 on Canelo. We have three times as many bets on Crawford. Book loses on both fighters by KO, we are likely going to need a decision if we want to win on the fight.”
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Alvarez opened as a -200 favorite at BetMGM, but is down to -150 on the three-way line, while Crawford opened as a +175 underdog and is currently +150. While only 23% of wagers are on Alvarez to win, nearly half the total dollars wagered (42%) at BetMGM are on Canelo, while the betting public is backing the underdog, with 33% of wagers on Crawford to win.
Nearly half the bets (44%) and total dollars wagered (44%) were on a tie, as of Friday morning.
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