The Las Vegas sports books were hit hard by Ronda Rousey’s shock loss to Holly Holm, and Holm’s camp was one of the beneficiaries.
“The results around town were not good,” Westgate Las Vegas Sportsbook vice president Jay Kornegay told USA Today Sports’s Josh Peter after the fight. “Most books got crushed as typical underdog betting was popular.”
The fight saw more wagers than the average NFL game, and many took advantage of the long odds on Holm in hopes of a big payoff. Kornegay said betting tickets on Holm outnumbered those on Rousey by a 5-to-1 margin.
“They love low risk, high reward on those fights,” Kornegay said. “The rematch should be huge.”
You can see a video of Holm knocking out Rousey here.
Among those making a huge profit on the result was Holm’s management team, who pooled resources together to place a bet and won big.
“I am sorry Vegas. You shouldn’t have put the odds so high,” Holm’s manager Lenny Fresquez told USA Today Sports’s Martin Rogers. “It was couple of our team members. We had a good pot together so it was nice. I wish I would have (placed) more money.”
Fresquez said the team won a six figure sum on Holm’s victory.
