Manny Pacquiao upset, Filipino betting favorite for Philippine presidency

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Posted: Aug 22, 2021, 9:08 a.m.

Last update on: Aug 22, 2021, 11:04 a.m.

Manny Pacquiao could be done with boxing after the 42-year-old – considered one of the greatest boxers of all time – lost hands down to 35-year-old Cuban challenger Yordenis Ugas.

Manny Pacquiao is against the Philippine President
Manny Pacquiao receives one of the many punches delivered by Yordenis Ugas on August 21, 2021. Pac’s loss could mark the end of his 26-year professional boxing career. (Image: Getty)

Prior to last night’s pay-per-view show at T-Mobile Arena on the Las Vegas Strip, Pacquiao was the overwhelming favorite north of -400. This implies an 80 percent chance of winning. A bet of $ 100, if Pacquiao had won, would only have won $ 25.

Ugas was only called to fight last week after Errol Spence Jr., 31, the current unified welterweight world champion, was forced to step down after suffering a torn retina in the left eye.

Ugas was a long underdog at over +300 in most books. His breathtaking win is $ 300 for every $ 100 wagered. All three judges scored the fight for Ugas in the unanimous decision.

“I’m very excited, but most of all I want to thank Manny Pacquiao for giving me this moment in this ring today,” said Ugas (27-4, 12 KOs). “Now the plan is to unify the welterweight title,” Ugas said. “Errol Spence is next on the list.”

“I’m sorry I lost tonight but I tried my best,” said Pacquiao (62-8-2, 39 KOs), probably apologizing to the vast majority of fans in attendance cheering him on. , many of which also participated in winning him.

Pacman reflected on his future following the loss.

I do not know. I need to relax and make a decision, ”he explained.

Political future

Manny Pacquiao is much more than a boxer in his native Philippines. In addition to being a sports superstar, Manny has served the nation as a senator from the Philippines since 2016.

Pacman is a strong candidate to replace controversial President Rodrigo Duterte. The Philippines elects presidents for a single six-year term. Duterte will succeed the new leader next year, who is due to take office on June 30, 2022.

Online betting exchange PredictIt has Pacquiao with the second best chance of winning the 2022 presidential election. His shares to become the 17th President of the Philippines are trading at 28 cents. However, that price is drastically down from 38 cents before its Ugas loss.

Duterte’s eldest daughter Sara Duterte-Carpio, a lawyer and politician who is currently mayor of Davao City, the same role her father held before running for president, is the betting favorite. Ms Duterte-Carpio’s shares are trading at 41 cents, a price that has slowly fallen over the past month from 53 cents.

Manila casinos reopen

The President of the Philippines has the ultimate power to issue ordinances for health emergencies. And since yesterday, August 21, Duterte authorized Metro Manila to ease restrictions by moving from an enhanced community quarantine (ECQ) to a modified ECQ (MECQ).

The latest COVID-19 ranking allows the reopening of casino hotels in the capital. But casinos must remain closed to the general public, with special guests being the exception.

The entertainment city of Manila is where the majority of the country’s gross gaming revenue is generated. The Philippine gaming regulator today revealed that the GGR of Manila’s four integrated resorts – City of Dreams, Solaire, Okada and Resorts World – was down 30.5% in the second quarter of 2021.

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