{"id":1369,"date":"2024-11-18T13:46:21","date_gmt":"2024-11-18T14:46:21","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1369"},"modified":"2024-11-21T14:17:28","modified_gmt":"2024-11-21T14:17:28","slug":"polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/11\/18\/polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win\/","title":{"rendered":"Polymarket Trader Lost $3.6M Betting on Tyson After $11M Trump Win"},"content":{"rendered":"

A Polymarket trader who won roughly $11 million betting on Donald Trump\u2019s return to the White House lost almost a third of that money after backing a comeback that failed to materialize<\/a> at Texas\u2019s AT&T Arena on Friday night.<\/p>\n

\"Mike
Mike Tyson and Jake Paul trading blows at the Texas\u2019s AT&T Arena on Friday night. Despite the hype, the fight was a pretty drab affair. (Image: Netflix)<\/figcaption><\/figure>\n

YouTube star turned boxer Jake Paul\u2019s underwhelming defeat of a distinctly rusty \u201cIron\u201d Mike Tyson in Friday\u2019s overhyped Netflix spectacle, represented a body blow for the bettor who had $3.6 million riding on the contest.<\/p>\n

In the lead-up to the bout, “zxgngl” bought over 11 million shares at an average price of 33\u00a2, representing one-third odds. And while they lost the bet, they remain the fourth-highest earner on Polymarket thanks to Trump\u2019s win, according to the platform\u2019s leaderboard.<\/p>\n

Controversial Bout<\/strong><\/h2>\n

The fight was controversial from the get-go, with many questioning the ethics of allowing a 58-year-old man to take on a fighter 30 years his junior, even if that 58-year-old was one of the greatest heavyweights of all time.<\/p>\n

Tyson\u2019s last professional fight was in 2005 against Kevin McBride when he quit in the seventh round and subsequently declared he had lost his passion for the sport.<\/p>\n

Originally scheduled for July, the Paul fight was delayed until Friday night after Tyson suffered an ulcer flareup on a flight from Miami to Los Angeles in May, prompting concerns about his health.<\/p>\n

State agencies in Texas only agreed to sanction the match if Paul wore 14-ounce gloves, as opposed to the regulation 10-ounce gloves, and the action was limited to eight rounds, each lasting two minutes.<\/strong><\/p>\n

Meanwhile, nine state gaming regulators prohibited their licensed sportsbooks from taking action on the fight because of its nontraditional rules and because they couldn\u2019t guarantee it wouldn\u2019t be scripted<\/a>. Colorado, Connecticut, Kentucky, Louisiana, Maryland, Mississippi, New York, Pennsylvania, and Vermont didn’t take bets on the contest.<\/p>\n

Fire the Scriptwriter<\/strong><\/h2>\n

It didn’t help when a (fake) document purported to be a leaked script detailing a round-by-round breakdown of the fight began circulating on social media in the days leading up to the event.<\/p>\n

But if the fight was scripted (it wasn\u2019t), then someone should fire the scriptwriter, because it was largely a drab affair that was booed by the crowd in later rounds for lack of action.<\/p>\n

\n

Despite being an overwhelming favorite at 63.5% on Polymarket going into the bout, more money was being wagered on Tyson, suggesting people were dying to see the former undisputed heavyweight champ teach Paul a lesson.<\/p>\n<\/div>\n

In all, more than $63 million was wagered on Polymarket on both competitors.<\/p>\n

The post Polymarket Trader Lost $3.6M Betting on Tyson After $11M Trump Win<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Polymarket trader who won roughly $11 million betting on Donald Trump\u2019s return to the White House lost almost a third of that money after backing a comeback that failed to materialize at Texas\u2019s AT&T Arena on Friday night. Mike Tyson and Jake Paul trading […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1369"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"predecessor-version":[{"id":1370,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1369\/revisions\/1370"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}