Willemstad, Curaçao, Netherlands, November 14th,
2024, Chainwire
Leading crypto sportsbook Cloudbet reports a
stark divide among bettors ahead of the highly anticipated Mike Tyson vs. Jake Paul
boxing match, set for November 15th at AT&T Stadium in
Arlington, Texas. While nostalgia is driving many to back the
legendary Tyson, who officially retired from competitive fighting
in 2005, others are strategically hedging their bets on the younger
Paul, currently the favorite at 1.41 odds.
Although Paul has the edge according to oddsmakers, Tyson is
seeing significant support from bettors willing to take a risk –
placing bets as high as 4.02 odds to win ‘Cloudbet Opinion’, a
barometer of real-time bets placed on the platform, shows more
bettors have pegged Tyson to win.
"It's clear that most crypto bettors are betting with
their hearts rather than looking at the numbers," said a Cloudbet spokesperson.
"Mike Tyson’s age and health issues are huge concerns ahead of the
fight. Pundits are saying the only chance for ‘Iron’ will be an
early knockout, and some bettors are clearly romanticizing the
idea, putting their faith in Tyson to turn back the
clock."
Betting on the fight is typical in many ways: some bettors
spread their wagers across multiple outcomes to boost their chances
of a return, and others build multi-sport parlays to increase
potential payouts. This matchup has attracted bettors who usually
focus on other sports.
The spokesperson says: "This fight is kind of a
fascinating case study in sports bettor psychology, with nostalgic
favoritism for Tyson coming up against more analytical assessments
of Paul's chances. The hedging strategies we're seeing really
underscore the unpredictable nature of what will transpire in the
ring."
The recent surge in the price of Bitcoin, which surpassed
$90,000 on Wednesday, has coincided with an increase in betting
activity for the upcoming boxing match.
“A lot of folks who have profited from the recent
bitcoin boom are now looking to bet on what is being called one of
the most significant boxing events in recent history. The all-time
high values of bitcoin are giving people a lot more disposable
income, and they’re using some of that to raise the stakes on a
fight they can’t wait to watch anyway,” noted the
spokesperson.
About Cloudbet
Founded in 2013, Cloudbet is the
longest-running crypto-betting platform in the world. It has
processed millions of bets across its sportsbook and casino
platforms, serving hundreds of thousands of users globally. As a
licensed operator, Cloudbet maintains institutional-grade custody
solutions and a decade-long track record of zero security
breaches.
Players can bet using 35+ cryptocurrencies, from Bitcoin and
Ethereum to stablecoins and emerging altcoins. Available in 18
languages, Cloudbet features live sports betting across major
leagues, esports, and 3,000+ casino games from premier
providers.
For media inquiries, odds requests, and further information,
users can visit media.cloudbet.com.
Contact
Irene
Halcyon Super
Holdings
B.V.
irene@media.cloudbet.com