Join Bloody Elbow on Wednesday nights to discuss the latest episode of the Ultimate Fighter 13, featuring former UFC heavyweight champion Brock Lesnar and rising star Junior dos Santos.
You know what’s more exciting than the Ultimate Fighter? Manny Pacquiao’s fight with Shane Mosley this weekend. And do you know what makes Manny Pacquiao more exciting? A 3-minute bit with Norm MacDonald:
For those who can’t (or won’t) watch the video, Norm places a $25,000 bet on Manny to beat Mosley at -800. Should Pacquiao win, Norm takes home $3,125. That’s a 12.5% return on investment! You can’t get that sort of rate anywhere!
Norm MacDonald bet 25k on Pacquiao. Payout is 3k. Heh, not worth it.
…sparking a healthy discussion between Leland, Tomas Rios, and myself about sports betting, MMA, and heavy favorites.
Simply put, so long as you have an edge on a bet, it doesn’t matter how long the odds are; you have a profitable ticket in your hands (or on some server in Antigua).
For instance, Norm booked Manny at -800, which translates to a break-even rate of 88.9%. Should Pacquiao fight Mosley forever into eternity, Norm will make a fortune if the actual odds of a Manny victory are great than 89%.
You’re getting two fights in one episode this week kids! Watching last week’s fight reminded me of this clip from HBO’s Talking Funny special.
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