21% return guaranteed on Mayweather v McGregor?
The Mayweather-McGregor fight is this weekend. It is a boxing match between one of the greatest undefeated boxers of all time (Floyd Mayweather, 49-0) and a hard-punching UFC star (Conor McGregor, much younger and stronger...but not a pro boxer). Experts are pretty unanimous that Mayweather wins easy. Which got me looking at betting lines.
I am not a gambler or sports bettor. But looking at this, it seems like easy money. Please correct me if I'm wrong, or join me in flipping a quick 20% this weekend.
It looks like bovada is a reputable online betting place? Any input for or against?
https://sports.bovada.lv/boxing/floyd-mayweather-c...
Say a guy, through his rentals and property ownership, has been able to accumulate about $20k in expendable money (don't need it to live off, it's building toward the next down payment).
Place $20k bet on Mayweather winning the fight, win $4,444 if this scenario comes true.
Hedge by placing $1,367 on McGregor winning, win $4,442.75 if this scenario comes true.
So, for a total investment of $21,367, by Monday, I'll get a "guaranteed" (both must fight for action) $4,444, or about 20.8% return on investment with no risk and weekend worth of investment timeline.
What am I missing? This seems too good to be true.