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Friday, July 24, 2009

Odds too much in Pacquiao’s favor

Manny Pacquiao has been installed a -215 favorite over Miguel Cotto of Puerto Rico in their November 14 super fight at the MGM Grand in Las Vegas.

This means that bettors will have to shell out at least $215 to win $100.

Cotto, in contrast, is the underdog at +175, meaning a $100 wager on him wins $175.

Pacquiao’s reputation as a winner has been growing by leaps and bounds following successive victories, including a sensational second-round knockout of Ricky Hatton last May.

Since making his US debut in June 2001, Pacquiao has rarely been installed the underdog, the exception being his bout with Oscar De La Hoya late last year where the Golden Boy was the favorite.

The Pacquiao-Cotto slugfest is being dubbed ‘Firepower’ owing to the explosive fighting styles of the two combatants, according to Hall of Fame promoter Bob Arum, whose outfit Top Rank is staging the event.

The past two days, reports coming from Puerto Rico suggest that Cotto is not willing to stake his World Boxing Organization welterweight crown and Pacquiao lawyer Franklin Gacal said Cotto doesn’t have a choice but to put it on the line as part of the deal.

Pacquiao and Cotto have agreed to face off at 145 lbs, two lbs under welterweight.

The problem is, while both parties have agreed to fight each other, contracts have yet to be signed and the camps of both sides are expected to encounter a few disagreements along the way.

Cotto lawyer Gabriel Penagaricano told the Bulletin a few days ago that “they have agreed in principle” to fight Pacquiao, while Gacal told the same paper yesterday that Pacquiao hasn’t signed anything yet.

Still, it is expected that Arum will find a way--as always--to iron out the kinks

Source: http://www.mb.com.ph/articles/212627/odds-too-much-pacquiao-s-favor

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