How they handle the bets in clandestine fighting

I have seen this multiple times. The hero goes to fight at a clandestine location, bets are placed, money changes hands, but no ticket is given to the gamblers like they usually do at horse tracks.

So how do they pay the bets after the fight is over?

My guess would be that it is just a director's trick to enhance the chaotic nature of the moment, but to me it just doesn't make sense so I wonder if I'm missing something.

The last time I saw this was in the Netflix Iron Fist, when his girlfriend entered the cage.

Best Answer

The same way you place any other bet.

There is someone setting the odds (the bookmaker) and you give him your money up front. There's a huge element of trust here that the bookie will record who bet, how much, on what result and at what odds.

Depending on the movie or show, you may or may not see the bet being recorded....but it almost certainly is...the bookie will probably have a boss!

If your chosen fighter wins, you go to the bookie and collect your winnings.

Of course, given the (often) illegality of bookmaking and especially on illegal fights you have to hope the bookie will be there to pay you off...or has the money to do so if they got the odds wrong.

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How does fighting bets work?

Just like in other sports, betting on the moneyline is betting on who will win the fight. For example, if the moneyline has McGregor at +150 and Nurmagomedov at -170, Nurmagomedov is favored to win and you would need to bet $170 just to win $100.

How much do the bookies make?

So How Much Do The Book-Owner and Bookie Make? As showcased above, an $100 bet will on average result in $5 in profit for the book, but that $5 will get split in between the bookie and the book owner. Bookies are usually paid a commission at the end of every week on their total books losses.

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