There are no rules against a trainer placing a bet on one of his boxers in a match
If this happened in any other major sport, there’d be outrage or an investigation. Not in boxing.
Not only does Floyd Mayweather Jr. take pride in posting photos on social media of his winning bets — some in excess of $10,000 — on the NFL, NBA and college sports, Manny Pacquiao’s trainer, Freddie Roach, admitted that he’s made big bets on his fighter.
But while discussing how bettors have flocked to gamble on Pacquiao since MGM Resorts set an opening line establishing Mayweather as the minus-240 (better than 2/1) favorite to beat Pacquiao May 2 in their fight at the MGM Grand in Las Vegas, Roach said he understands the attraction.
The line is now minus-200, according to Jay Rood, director of the MGM Resorts Race and Sports Book.
Roach said upon joining
forces with Pacquiao in 2001, he realized immediately that he was working with a rare talent.
Pacquiao accepted a super-bantamweight title shot against Lehlo Ledwaba that year on short notice.
“Ledwaba was the most feared guy in the division; I know, because I had other guys who were potential opponents who were gun-shy about facing him. He was a killer,” Roach said.
But Roach was so impressed by his fighter, he rushed to the MGM Grand sports book upon arrival in Las Vegas and asked to make a big bet. It couldn’t happen, he was told. The casino wouldn’t set a line if a fighter was more than a 50/1 favorite, Roach said.
So Roach settled for boasting to veteran fight men such as Top Rank Promotions’ veteran matchmaker Bruce Trampler that Pacquiao was going to win.
Roach said he was met with looks as if insanity had set in.