"As someone who covers gambling (but is admittedly bad at gambling), I'm hesitant to hand out much betting advice. However, seeing as it's the holiday season, I'd like to offer one friendly suggestion to the American betting public: the next time a social media influencer-turned-boxer takes on an active two-time heavyweight champion and Olympic gold medalist, don't bet on the YouTube guy."
"At DraftKings, 90% of the bets placed and 90% of the money wagered on the Jake Paul-Anthony Joshua fight was on the underdog Paul. The sportsbook said it could've lost nearly $100 million if Paul, who closed as a 10-1 underdog at DraftKings, had pulled the upset. Instead, Joshua, a -1600 favorite, knocked him out in the sixth round and delivered another tough break for the American betting public."
Most bettors and money at DraftKings backed Jake Paul, with 90% of bets and 90% of money on the underdog. The sportsbook said it could have lost nearly $100 million if Paul, who closed as a 10-1 underdog, had pulled the upset. Anthony Joshua entered as a -1600 favorite and knocked Paul out in the sixth round. Historical parallels include Floyd Mayweather's boxing win over Conor McGregor, when the betting public backed McGregor despite his lack of pro boxing experience. Prediction market Kalshi recorded more than $74 million in volume, including a $183,954 position on Paul. Caesars reported the fight drew about 20% of the college football playoff opener's handle.
Read at ESPN.com
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