Arete, Sport and Society, American Sport History, Boxing, Evander Holyfield, Mike Tyson, Don King, O-rena, Citrus Bowl, Corporate welfare
Boxing; Holyfield, Evander; Tyson, Mike, 1966-; King, Don, 1931-; Orlando (Fla.); Orlando Magic (Basketball team); Arenas; Stadiums; Corporations; Subsidies
A week after the Boston College story broke the gamblers took a bath, not on college football but on the godfather of sports gambling, boxing. Evander Holyfield's upset of the century over Mike Tyson was a disaster for those who set the odds and cover the bets. With odds running 25-1 to open and dropping to 5-1 just before the fight, bookmakers lost several million dollars. Major money was placed on Holyfield in the last few days, at least some of it coming from the Holyfield camp itself, and the smart money on the favorite never surfaced as betting closed.
Sport and Society for Arete
College of Arts and Humanities
Crepeau, Richard C., "Holyfield and Tyson - When Magic Play at Arena, City Loses Money" (1996). On Sport and Society. 447.