{"id":1249,"date":"2024-11-20T15:11:52","date_gmt":"2024-11-20T12:11:52","guid":{"rendered":"https:\/\/xxbet-company.com\/polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win\/"},"modified":"2024-11-20T15:11:52","modified_gmt":"2024-11-20T12:11:52","slug":"polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/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":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win\/#Controversial_Bout\" title=\"Controversial Bout\">Controversial Bout<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win\/#Fire_the_Scriptwriter\" title=\"Fire the Scriptwriter\">Fire the Scriptwriter<\/a><\/li><\/ul><\/nav><\/div>\n<p>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 <a href=\"https:\/\/www.casino.org\/news\/trader-talk-tyson-paul-boxing-match\/\" rel=\"nofollow noopener\" target=\"_blank\">comeback that failed to materialize<\/a> at Texas\u2019s AT&#038;T Arena on Friday night.<\/p>\n<figure aria-describedby=\"caption-attachment-336153\" data-style=\"width: 1031px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-336153\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/11\/netflix-858x482.jpg\" alt=\"Mike Tyson, Jake Paul, Polymarket, zxgngl\" width=\"1031\" height=\"579\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/11\/netflix-858x482.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/11\/netflix-430x242.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/11\/netflix.jpg 1000w\" sizes=\"(max-width: 1031px) 100vw, 1031px\" title=\"\"><figcaption class=\"text-description\">Mike Tyson and Jake Paul trading blows at the Texas\u2019s AT&#038;T Arena on Friday night. Despite the hype, the fight was a pretty drab affair. (Image: Netflix)<\/figcaption><\/figure>\n<p>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<p>In the lead-up to the bout, \u201czxgngl\u201d 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<h2><span class=\"ez-toc-section\" id=\"Controversial_Bout\"><\/span><strong>Controversial Bout<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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<p>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<p>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<p><strong>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<p>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 <a href=\"https:\/\/www.casino.org\/news\/jake-paul-vs-mike-tyson-weigh-in-elevates-concerns\/\" rel=\"nofollow noopener\" target=\"_blank\">it wouldn\u2019t be scripted<\/a>. Colorado, Connecticut, Kentucky, Louisiana, Maryland, Mississippi, New York, Pennsylvania, and Vermont didn\u2019t take bets on the contest.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fire_the_Scriptwriter\"><\/span><strong>Fire the Scriptwriter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It didn\u2019t 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<p>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<div class=\"callout\">\n<p>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<p>In all, more than $63 million was wagered on Polymarket on both competitors.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/polymarket-trader-lost-3-6m-betting-tyson-after-11m-trump-win\/\" rel=\"nofollow noopener\" target=\"_blank\">Polymarket Trader Lost $3.6M Betting on Tyson After $11M Trump Win<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\" rel=\"nofollow noopener\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>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&#038;T Arena on Friday night. Mike Tyson and Jake Paul trading blows at the Texas\u2019s AT&#038;T Arena on Friday night. Despite <a href=\"https:\/\/xxbet-company.com\/nb\/polymarket-trader-lost-3-6m-betting-on-tyson-after-11m-trump-win\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":1250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/1249"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=1249"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/1249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/1250"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=1249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=1249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}