The recent boxing match between Jake Paul and Mike Tyson has gained significant attention in the sports betting world, with more bets being placed on this event than any other combat sports event in history. According to Craig Mucklow, the Vice President of Trading at Caesars Sportsbook, the betting handle for the fight was comparable to that of a Monday Night Football NFL game. This event attracted a wide range of demographics, from older individuals who remember Tyson in his prime to a younger audience who have been following Jake Paul’s career.
BetMGM also saw a surge in betting activity, accepting triple the number of wagers and quadruple the total stakes compared to any other combat sports event in the operator’s six-year history. Most of the action at BetMGM was focused on prop bets, with bets being placed on various outcomes of the fight.
Despite Jake Paul being the favorite in the eyes of many, the majority of wagers actually backed a Tyson victory. This unexpected turn of events proved to be favorable for sportsbooks, as they were able to capitalize on the influx of bets placed on the legendary boxer.
Overall, the Jake Paul-Mike Tyson fight has certainly made its mark in the world of sports betting, attracting a record-breaking amount of wagers and showcasing the growing intersection between sports and gambling. It will be interesting to see how future events in the world of combat sports will compare to the excitement and anticipation generated by this historic match.