Casino Whale bets on the wrong side: Tyson boxing match loses $3.6 million, previously won $11 million by gambling with Trump.

A Large Investors player named 'zxgngl' on the Polymarket platform just earned about $11 million from the Trump election betting game, but lost $3.6 million in the boxing match on Friday night where he bet on the wrong side. The object of this bet was the showdown between 58-year-old boxing legend Mike Tyson and 27-year-old internet celebrity boxer Jake Paul, which has attracted a lot of attention and trading in the betting market.

Jake Paul defeats Mike Tyson with an overwhelming victory

In this match, Jake Paul, with his agile agility and young physical advantage, successfully defeated Tyson, who is more than 30 years older than him. The eight-round match was only two minutes per round. Paul kept attacking, causing Tyson, who tried to conserve energy, to gradually show signs of fatigue, and ultimately won by unanimous decision.

The result of this match is not surprising. Before the match, the data on the Polymarket platform showed that Paul's winning rate was 63.5%, while Tyson's winning rate was only 29.5%, and the remaining 8.5% possibility was a draw. However, this market judgment seems to have not shaken zxgngl's confidence, as he placed a big bet on Tyson's victory.

3.6 million dollars went down the drain, betting details exposed.

According to Polymarket's 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 1/3 odds. However, with Tyson's defeat, this substantial bet ultimately turned into nothing, also causing him to lose nearly one-third of his profits from the Trump election.

Despite this betting failure, zxgngl still ranks fourth on Polymarket's leaderboard of top money-making players, demonstrating his strong investment ability in other markets.

Tyson's boxing match has attracted a volume of over $63 million.

The Tyson vs. Paul showdown has attracted a volume of over 63 million USD on the Polymarket platform, making it one of the hottest bets on the platform recently. The boxing match is not only a focus of attention for sports enthusiasts, but also a high-risk gamble challenging the analytical ability and betting psychology of users based on prediction markets.

The outcome of this gambling game once again reminds players that no matter how impressive their past records are, the rules of the casino always involve both opportunities and risks. A momentary victory cannot guarantee sustained success.

(Polymarket's Election Night Victory: How on-chain prediction markets surpass mainstream media, faster and more accurate)

This article Whale bets on the wrong side: Tyson boxing loss 3.6 million US dollars, previously won 11 million US dollars from Trump's gambling. First appeared on Chain News ABMedia.