Irish bookmaking giant Paddy Power hit the headlines yesterday when they paid out on straight win bets on Floyd Mayweather ahead of the American’s big fight with Dubliner Conor McGregor this Saturday.
The five-weight champ takes on debutant McGregor at the T-Mobile Arena in Las Vegas in a twelve-round light middleweight contest which many feel is a near-definite Mayweather win.
Yesterday Paddy Power announced that they have paid out on all bets backing Mayweather to win outright, a pay-out totalling €275,000.
The move has seen the outfit effectively risk this sum, banking that McGregor will not pull off the shock – a shock that would in anyway be financially catastrophic for bookmakers considering that around 80% of money staked is on underdog McGregor.
It has however proved to be an effective marketing technique, and Mayweather himself has picked up on the move – posting the following message on Twitter today.
The 40 year old said that “I’m looking right here online, Paddy Power is paying out right now on my victory, and the fight hasn’t even happened yet.”
“Paddy Power believes in me, the Irish fans believe in me.”
God believes in me, America believes in me, even the Irish believe in ☘️ pic.twitter.com/0W6jFFfr6B
— Floyd Mayweather (@FloydMayweather) August 24, 2017