November 19, 2024 3 min read

likes:

Fact-checked by Angel Hristov

Tyson-Paul Was a Huge Hit with Bettors

The fight drove significant profits for bookmakers as fans scrambled to support Tyson as the underdog, with bettor engagement eclipsing all adjacent events

The highly publicized fight between YouTube sensation-turned-professional boxer Jake Paul and legendary heavyweight champion Mike Tyson has smashed betting records, becoming the most heavily wagered combat sports event in recent memory. The fight, held in Arlington, Texas, highlighted boxing’s generational appeal and Tyson’s enduring popularity.

The Match Transcended Generations

The fight brought in four times more money than any previous combat sports event in its nearly seven years of operation, according to BetMGM. ESPN BET confirmed this phenomenon, revealing that the handle for Paul vs. Tyson was more than four times their next biggest boxing event and twice that of the top MMA event since the sportsbook launched in late 2023.

The fight’s unparalleled betting popularity underscored its generational appeal. Craig Mucklow, vice president of trading at Caesars Sportsbook, noted that the bout bridged demographics. This data aligns with viewership figures, as streaming platform Netflix recently revealed that 60 million households worldwide tuned in to watch this once-in-a-lifetime spectacle.

Those old enough to remember a prime Mike Tyson got to live the nostalgia one last time, while those young enough not to know who Iron Mike was were firmly on the Jake Paul side of the counter.

Craig Mucklow, Caesars Sportsbook vice president

The generational divide contributed to the peculiar betting patterns. Older gamblers favored Tyson, a two-time heavyweight champion whose name is synonymous with power and dominance. On the other hand, younger fans-many of whom have followed Paul since his YouTube days, backed the influencer-turned-boxer. The event demonstrated how a blend of traditional icons and modern influencers can captivate diverse audiences.

Tyson Was the Clear Underdog

Although Jake Paul entered the ring as a -290 favorite, most fans placed their faith and money on the underdog, Mike Tyson. The 57-year-old boxing legend received 67% of the tickets and 53% of the total money wagered. Among the most popular bets were Tyson by KO/TKO or disqualification at +250, Tyson by decision at +1100, and Tyson to win in the first round at +1400.

Alas, none of these bets cashed in, as Paul dominated the fight, winning by unanimous decision after eight rounds. John Murray, executive director of the Westgate SuperBook in Las Vegas, commented on this matter for ESPN, revealing that the match was immensely profitable for sportsbooks. However, it was not all good news for operators as high-roller wagers skewed heavily in Paul’s favor.

It was unbelievable for business. Casino was packed. Bets flying in all day. I was stunned.

John Murray, Westgate SuperBook executive director

Whether for nostalgia, curiosity, or fandom, the Paul vs. Tyson fight proved an unforgettable moment that united generations and shattered betting records along the way. The match’s unparalleled financial success could pave the way for other similar events, pitting sports legends against today’s leading athletes to deliver highly engaging content.

Deyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for GamblingNews is always up to scratch.

Leave a Reply

Your email address will not be published. Required fields are marked *