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Nate Diaz's Upset Over Conor McGregor Was Bad For Las Vegas Sports Books: Report

However, Miesha Tate's Win Helped The Overall Results

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WikipediaConor McGregor’s stunning loss on Saturday at UFC 196 was not a good result for sports books in Las Vegas, according to a report from the Las Vegas Review-Journal.

McGregor, who was moving up in weight to fight Diaz, was as high as minus-550 and closed at minus-400. The report said that there were numerous five-figure bets on Diaz.

“It was probably our worst UFC result ever, besides the night Ronda Rousey got beat,” Mirage sports book manager Jeff Stoneback told the Review-Journal. “This one was right up there with that.”

Holly Holm, the woman who defeated Rousey in November, lost her title fight against Miesha Tate in the fifth round. Tate closed at plus-240. Sports books across the city reportedly had a lot of action on Holm, so Tate’s win was actually good for the casinos.

With that said, at least one gambler won big after Tate’s surprising submission of Holm.

According to MMAJunkie.com, Dave Oancea, better known as “Vegas Dave,” bet $77,000 on Tate and pocketed roughly $220,000 in profit. Oancea is the man who said he won $240,000 on a $20,000 bet when Holm faced Rousey last fall.

Sports books in Nevada won $231.8 million from gamblers in 2015, an increase of two percent compared to 2014 and an all-time high.

 
 
Tags: Sports Betting,   UFC