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Stock impact report

Why is Mike Tyson the underdog for fight with Jake Paul? Gambling experts offer explanation [USA TODAY]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: USA TODAY
Paul, 27, has emerged as a solid favorite over Tyson, 57, with five sportsbooks that have posted odds for the set for July 20 at AT&T Stadium in Arlington, Texas. “It's all about age,'' said Johnny Avello, the top oddsmaker for DraftKings. “Who steps in the ring at 57 years old?'' Actually, at the time of the fight. DraftKings prefers youth, listing Paul as a -180 favorite ($180 must be bet to win $100 if Paul prevails) and Tyson as a +135 underdog ($135 will be won for every $100 bet if Tyson prevails). “We realize people are going to say, ‘Mike Tyson? The great Mike Tyson is an underdog in this against Jake Paul?' ” Avello said. ”And they probably are going to bet the underdog, but we're OK with that.'' Jay Kornegay, executive vice president of race and sportsbook operations at the Westgate SuperBook, also cites age as a factor with Westgate listing Paul as a -250 favorite and Tyson as a +200 underdog. “I know a lot of people go back to and he looked really impressive and Show less Read more
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