Prince Henry of Wales today made a $1 million (£780K) bet to become the largest single bet after beating Gavin and Joe Maloof after the two brothers with deep ties to Las Vegas made a an earlier bet of $880K on the upcoming match-up between Floyd Mayweather and Conor McGregor ahead of their Sin City showdown on August 26.
Gavin and Joe Maloof, whose family erected the famed Palms hotel and casino on The Strip back in 2001, invested $880,000 that the undefeated Mayweather will come out on top yet again when he faces off with feisty UFC fighter McGregor.
Prince Harry who is Patron of a number of organisations and spends the majority of his charitable work focusing on the welfare of servicemen and women, championing developmental opportunities for hard to reach children and African conservation has promised to donate his winnings to Sierra Leone which has been hit with a mudslide which has claimed nearly 400 lives with over 600 missing.
Should he come out top, he would pocket an impressive $1.8million if McGregor pull off an upset of his heavily-favored foe.
Gavin in an interview with the Las Vegas Review-Journal said, “The money is nice but it can do so much good for so many other people so why don’t we take all the winnings and donate it to charity,”‘ ‘If he wins, we’ll donate the $160,000 to charities in Las Vegas and Los Angeles, where our sister Adrienne lives.
‘It will be a nice gesture for the community and get everybody rooting for Floyd, who’s a hometown kid.’
The brothers also seem very confident that they will be making that sizable donation to charity.
‘I live down the street from Floyd (in Southern Highlands) and I’ve known him for a lot of years. He’s a good friend of mine,’ said Gavin.
‘Conor McGregor’s great and all the respect in the world to Dana White and the UFC. But it’s very difficult to transplant an MMA fighter to boxing.’
He then added: ‘McGregor’s much younger and he hits hard but he’s going against the best boxer ever. I just don’t see it. Floyd’s the best counter puncher to ever live. You can’t hit Floyd. He’s too quick.’
That sizable backing of Mayweather is an anomaly in more than one sense with most punters backing the UFC lightweight champion to upset the odds.
In fact, a whopping 95 per cent of bets made have been in favor of McGregor and according to MGM’s sportsbook in Las Vegas, for every one bet on Mayweather, there are 27 on his challenger.
This could mean a number of bookmakers are exposed if the ‘Notorious’ can pull off a shock, and he predicts a knockout inside two rounds.
Most odds-makers have Mayweather around 1/5 with McGregor at 7/2, having come down since the promotion for their August 26 clash began.
Mayweather by TKO/ KO or disqualification is at 8/11 on SkyBet with his 28-year-old challenger coming in at 4/1.
Interestingly, odds of 49/1 can be found for Mayweather to test himself in an MMA rematch within a year of the fight.
Even UFC octagon announcer Bruce Buffer has got in on the action, revealing he has bet on the underdog to secure a knockdown when it was 7.5/1.
With such high interest in this cross-over fight, it is even expected to eclipse the amount Nevada books reported was wagered during this year’s Super Bowl between the New England Patriots and Atlanta Falcons ($138.48 million).
If you want to join the herd and back Mcgregor, the best option will be found with his new partner Betsafe who are offering the symbolic odds of 49/1 for first time customers, which would be Mayweather’s record if he is to lose.
As the money continues to pour in, perhaps McGregor’s own confidence explains why he is backed so heavily.
During the world promotional tour Mayweather challenged the Irishman to wager his fight check on himself and without hesitation the underdog said he would.
Though that gamble has not come to fruition, it will be more than just McGregor and Mayweather with something on the line come fight night.