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%.
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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.