Pacquiao deserves to get 60% while Floyd deserves 40% at best.
Here's why: from The Ring website
Pacquiao attracts extremely high-roller gamblers from Asia so that the casinos can afford to make an offer that no one else could match.
“Manny Pacquiao is, right now, the only athlete or entertainer who can bring in the Asian high rollers in big numbers,” Arum said. “They are the only big gamblers who are left. There are very few American high rollers any more. It’s all an Asian game. The last guy [before Pacquiao] who could do that was Mike Tyson. They would come for Mike Tyson.
“Now, there are even more big gamblers in Asia. China is a lot different from when Mike Tyson fought. There are many, many more. They [Las Vegas casinos] are all licking their chops for any Pacquiao fight, particularly a Mayweather fight, because any Pacquiao fight will bring in 4,000 of the biggest gamblers in the world. That’s a ***** card that nobody else has.”
Arum said he thought the fight, if it is made, would wind up in Las Vegas at the MGM Grand Garden Arena or at the Thomas & Mack Center on the UNLV campus sponsored by the high-end Wynn Resort.
Arum said the Las Vegas casinos need those gamblers and are willing to offer almost anything to an entertainer who can bring them in.
Mayweather’s pay-per-view numbers have been significantly larger than Pacquiao’s, but Arum said that isn’t an issue.
“Mayweather can be popular and bring in the people and so forth, but he doesn’t bring in the people who are really the big punters, the people who bet $100,000 or $250,000 on a hand of baccarat,” Arum said. “I would assume that when the economics are done, that whether it’s the MGM or Steve Wynn, they will put up a number over and above what the gate can bring in because of the millions and millions they’ll make from having the best Asian customers.
“Whoever gets the fight will get the best customers because they will have the best seats.”
My Comment:
4,000 people who will bet $100,000 to $250,000 per hand over a three or four day weekend. Wow!!!
I know a baccarat dealer who says he deals on average 80 hands per hour at baccarat. The long term casino edge in baccarat is 1.5%.
Assume 4,000 high rollers play just 5 hours per day with an average bet of $100,000. And they play for four days. That's a total of 2 million hands played times 100k. That's a total of 200 billion in gross action. No no no. This is not the amount the casinos will make because some of those gamblers will lose and some of them will win.
In the long run, however, the casino's edge in baccarat, as mentioned earlier, is 1.5%. In roulette, it's 5 %. In blackjack, it averages out to 2%. Let's just get conservative and pretend all of those high rollers only play baccarat and therefore only lose 1.5% overall.
That's a total take for the Las Vegas economy of $3 billion. Obviously, these gamblers aren't all going to be playing at the casino that hosts the fight. Perhaps, only 10% of this will go to the host casino. That's still $300 million for that particular casino.
Pacquiao deserves much more than the 50% that Floyd things Pac deserves.
Here's why: from The Ring website
Pacquiao attracts extremely high-roller gamblers from Asia so that the casinos can afford to make an offer that no one else could match.
“Manny Pacquiao is, right now, the only athlete or entertainer who can bring in the Asian high rollers in big numbers,” Arum said. “They are the only big gamblers who are left. There are very few American high rollers any more. It’s all an Asian game. The last guy [before Pacquiao] who could do that was Mike Tyson. They would come for Mike Tyson.
“Now, there are even more big gamblers in Asia. China is a lot different from when Mike Tyson fought. There are many, many more. They [Las Vegas casinos] are all licking their chops for any Pacquiao fight, particularly a Mayweather fight, because any Pacquiao fight will bring in 4,000 of the biggest gamblers in the world. That’s a ***** card that nobody else has.”
Arum said he thought the fight, if it is made, would wind up in Las Vegas at the MGM Grand Garden Arena or at the Thomas & Mack Center on the UNLV campus sponsored by the high-end Wynn Resort.
Arum said the Las Vegas casinos need those gamblers and are willing to offer almost anything to an entertainer who can bring them in.
Mayweather’s pay-per-view numbers have been significantly larger than Pacquiao’s, but Arum said that isn’t an issue.
“Mayweather can be popular and bring in the people and so forth, but he doesn’t bring in the people who are really the big punters, the people who bet $100,000 or $250,000 on a hand of baccarat,” Arum said. “I would assume that when the economics are done, that whether it’s the MGM or Steve Wynn, they will put up a number over and above what the gate can bring in because of the millions and millions they’ll make from having the best Asian customers.
“Whoever gets the fight will get the best customers because they will have the best seats.”
My Comment:
4,000 people who will bet $100,000 to $250,000 per hand over a three or four day weekend. Wow!!!
I know a baccarat dealer who says he deals on average 80 hands per hour at baccarat. The long term casino edge in baccarat is 1.5%.
Assume 4,000 high rollers play just 5 hours per day with an average bet of $100,000. And they play for four days. That's a total of 2 million hands played times 100k. That's a total of 200 billion in gross action. No no no. This is not the amount the casinos will make because some of those gamblers will lose and some of them will win.
In the long run, however, the casino's edge in baccarat, as mentioned earlier, is 1.5%. In roulette, it's 5 %. In blackjack, it averages out to 2%. Let's just get conservative and pretend all of those high rollers only play baccarat and therefore only lose 1.5% overall.
That's a total take for the Las Vegas economy of $3 billion. Obviously, these gamblers aren't all going to be playing at the casino that hosts the fight. Perhaps, only 10% of this will go to the host casino. That's still $300 million for that particular casino.
Pacquiao deserves much more than the 50% that Floyd things Pac deserves.
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