Whale Gambler Bets on the Wrong Side: Tyson Fight Losses $3.6 Million, Previously Won $11 Million on Trump's Casino Bets

A high-stakes player named "zxgngl" on the Polymarket platform recently made around $11 million from betting on the outcome of the Trump election, but lost $3.6 million in a boxing match on Friday night. The bet was on the fight between 58-year-old boxing legend Mike Tyson and 27-year-old internet celebrity boxer Jake Paul, attracting significant attention and trading activity in the betting market.

Jake Paul Defeats Mike Tyson with Overwhelming Victory

In this match, Jake Paul successfully defeated Tyson, who is over 30 years his senior, with his agile skills and youthful physical advantage. The eight-round match consisted of only two-minute rounds, during which Paul kept on the offensive, causing Tyson, who was trying to conserve energy, to show signs of fatigue gradually, leading to Paul's unanimous decision victory.

The outcome of this match was not surprising. Prior to the match, data on the Polymarket platform indicated that Paul had a 63.5% chance of winning, while Tyson's odds were only 29.5%, with a remaining 8.5% possibility of a draw. However, this market assessment did not shake zxgngl's confidence, as he placed a hefty bet on Tyson's victory.

$3.6 Million Wager Revealed, Betting Details Exposed

According to Polymarket data, zxgngl invested $3.6 million in this bet, purchasing over 11 million shares of Tyson's victory at an average price of 33 cents per share, representing odds of 1/3. However, with Tyson's defeat, this substantial bet ultimately went in vain, causing him to lose nearly a third of his profits from the previous Trump election.

Despite this failed bet, zxgngl still ranks fourth on Polymarket's leaderboard for top money-making players, showcasing his strong investment capabilities in other markets previously.

Tyson Boxing Match Draws Over $63 Million in Trading Volume

The showdown between Tyson and Paul attracted over $63 million in trading volume on the Polymarket platform, making it one of the hottest bets on the platform recently. The boxing match not only captured the attention of sports enthusiasts but also presented a high-risk gamble for users based on prediction markets, challenging their analytical skills and betting psychology.

The outcome of this bet once again reminds players that regardless of past records, the rules of the gambling arena always entail a mix of opportunity and risk, and a momentary triumph does not guarantee sustained success.

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