Monday, May 30, 2011

Las Vegas sportsbooks say MMA has passed boxing on the betting front

Nothing's bigger than the NFL and as much as the league's old farts hate to admit it, gambling has helped make it an American institution. Betting on the fights, used to be part of the reason boxing was so big, but with a limited schedule and fewer household names the betting handle on boxing has dropped significantly.

According to Rob Akers, an assistant sportsbook director in Las Vegas, that's where MMA's rise to prominence comes in,

"I think it's directly related to boxing's downfall over the last few years," Akers told the Las Vegas Sun. "Pacquiao is a one-man show. He's the only guy who can bring any handle and people want to bet on a combat sport. They are always going to find some way to bet on one and lately it's been the UFC."

Akers makes the numbers for the sportsbook at the Venetian and Lagasse's Stadium in Sin City.

Cantor Gaming, overseeing the books at the M, Hard Rock, Tropicana and the Cosmopolitan, is the new bully on the block in the Las Vegas and it's jumped all over MMA.

"The action has gone up like you wouldn't believe in UFC. On these Saturdays when we have these UFC cards, we do massive handles," said Mike Colbert, sports book director of Cantor Gaming. "You're talking to an absolute boxing guy here and I will be the first to admit that UFC is more popular betting-wise. I never thought I'd see the day where it's this popular."

Colbert said the handle on UFC events quadruples most big boxing matches. The MGM-Mirage is also in the business of booking MMA events, but does so carefully. The director of MGM's sportsbooks understands why MMA has blown by boxing.

"In boxing, most people can't even tell you who is on the undercard," Rood. "If you go to an MMA card, the buzz in the crowd and prior to that could be just as much about one of the first fights on the card. We try to put lines on as many fights as we can because of demand. The great thing about MMA is people are going for all the fights."

UFC 130 betting odds (Courtesy Lagasse Stadium Las Vegas):

Matt Hamill (+240) vs. Quinton Jackson (-320) - Light heavyweight

Frank Mir (-120) vs. Roy Nelson (-110) - Heavyweight

Rick Story (+170) vs. Thiago Alves (-200) - Welterweight

Travis Browne (-115) vs. Stefan Struve (-115) - Heavyweight

Jorge Santiago (+110) vs. Brian Stann (-140) - Middleweight

Miguel Torres (-130) vs. Demetrious Johnson (Even) - Bantamweight

Tim Boetsch (+130) vs. Kendall Grove (-160) - Middleweight

Rafaello Oliveira (+280 ) vs. Gleison Tibau (-360) - Lightweight

Michael McDonald (-300) vs. Chris Cariaso (+220) - Bantamweight

Renan Barao (-330) vs. Cole Escovedo (+250) - Lightweight

You can watch UFC 130 right here on Yahoo! Sports

Source: http://sports.yahoo.com/mma/blog/cagewriter/post/Las-Vegas-sportsbooks-say-MMA-has-passed-boxing-?urn=mma-wp2630

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