Featured Articles
How Oddsmaker Jimmy Vaccaro Became a Sidebar in the Buster Douglas Story
When Jimmy Vaccaro, a close friend of long standing, set odds on the Tyson-Douglas fight, he never imagined that he would become a central figure in the story about the greatest upset in boxing, arguably the most famous upset in all of sports. At some point during the course of the betting, the odds favoring Tyson hit 42 to 1 and that became the title of the newest ESPN “30 for 30” documentary which premiered on Tuesday, Dec. 11.
A little background. Vaccaro grew up in blue-collar Trafford, Pennsylvania, a small town about 20 miles from Pittsburgh. An older brother, John Paul “Sonny” Vaccaro, went on to become the most powerful man in basketball by virtue of his relationships with players, coaches, and shoe companies. He is credited with hatching Nike’s “Air Jordan” empire. (Sonny was the subject of an ESPN “30 for 30” documentary in 2016.)
In 1975, Jimmy Vaccaro arrived in Las Vegas and found work as a 21-dealer at the Royal Inn, a small casino that sat just off the Strip. The pay for a break-in dealer was $16.50 a shift.
Nevada had recently passed legislation that allowed sports betting to co-exist under the same roof with other forms of gambling. During the previous 25 years, sports betting was quarantined in little mom-and-pop bookie joints. When the Royal Inn put in a sports book, Vaccaro moved over to that department.
In November of 1989, after stops at several other books, Steve Wynn hired Vaccaro to open a sportsbook inside his newest property, the Mirage. Situated in the center of the Las Vegas Strip, the Mirage, with its artificial volcano outside the front entrance, was instantly the most “must-see” attraction in town.
At the Mirage, Vaccaro was the only department head among those that interacted with hotel guests who wasn’t made to wear a suit and tie. Sometimes he showed up for work in jeans. He was a “suit” by virtue of being a department head (a derogatory term in Las Vegas, similar in some respects to bean counter), but by all accounts he didn’t own an actual suit. Concordantly, his style of bookmaking, unrestrained by Wynn, could be described as freewheeling.
In bookmaking, unlike pari-mutuel horse racing, odds are posted on an event and then adjusted, if necessary, to stimulate more betting on the side that is under-bet. A perfectly balanced book — where there is an identical amount of money on each side — is an ideal construct, an abstraction, but bookmakers strive to achieve this by adjusting the odds to where they get two-way action and thereby stand to make roughly the same profit regardless of the outcome.
At the Mirage, Vaccaro often didn’t wait for the money to show to adjust a betting line. If he had a “dead number” – for example, a pointspread on a football game that wasn’t attracting any good-sized wagers – he would adjust it in hopes of stimulating activity. He did this on slow days, or during slow periods of a day, simply as an antidote to boredom.
On one particularly slow day, basically just for the fun of it, Vaccaro decided to post a line on the Tyson-Douglas fight. Tyson would obviously be such a heavy favorite that the proposition would attract little betting, likely just a few peanuts from the suckers in the “bet a toothpick to win a lumberyard” crowd, but, what the heck, there was nothing wrong with a little window dressing. None of the other books in Nevada had it and most hadn’t even bothered to offer odds on how long the fight would last. The wise-guys figured that Tyson would blow Douglas away within the first three rounds.
Then something incredible happened. The seemingly invincible Iron Mike Tyson lost. Buster knocked him out in the 10th round. In short order, Vaccaro was summoned to appear on “Good Morning America.”
Window dressing at the Mirage wasn’t like window dressing at other properties. At other properties, a proposition designed as a conversation piece would be attached to a very low limit. The primary intent was free publicity. But the Mirage attracted a fair number of so-called whales, men (mostly from Asia) who would bet more in a short fling at baccarat than an average workingman would earn in an entire year. If inclined to bet on a sporting event, a whale could get down pretty much whatever he wanted. The sky was the limit.
Vaccaro has said that he took a $160,000 wager on Mike Tyson at 40/1 odds, a wager that would have won $4,000. That’s plausible given the clientele of the Mirage, but it’s a figure that I have always taken with a grain of salt. I say this because my friend Jimmy Vaccaro has tossed out different numbers over the years when asked about the betting.
According to various newspaper reports and what appears in certain books, the betting line opened at 27/1 (the consensus) or 35/1. It crested at 42/1 (the consensus) or 48/1.
Many years ago, Vaccaro told me for a book that I was writing that he accepted a $56,000 wager on Tyson at 28/1, a $64,000 wager at 32/1, and a $143,000 wager at 39/1. He would subsequently provide different figures (close, but different) to Las Vegas Review-Journal sportswriter Stephen Nover and others.
What is almost certainly true is that the odds hit 42/1 as they bounced around and that’s as good a number as any to illuminate the magnitude of Buster’s upset.
Nowadays, when so much betting is done online, one often sees fights where the odds are higher than 42/1. But usually these lines are just for show. Getting down a serious wager on the underdog is out of the question, although an exception would likely be made for a valued client who spreads his action around. In the old days, there were so-called newspaper lines, lines provided to newspapers for information purposes. If one wanted to bet into this line, he would likely be told, and gruffly, to go down to the newspaper office and talk to the sports editor. Good luck with that.
Odds play an important role in sports because they cut to the chase, knifing through the ballyhoo to inform us whether a match is likely to be competitive. And, as mentioned, they serve the purpose of quantifying the bigness of an upset. Before the Tyson-Douglas fight, the biggest upset in heavyweight boxing in recent times came when Leon Spinks upset Muhammad Ali in their first meeting. Ali was widely quoted as a 9/1 favorite.
Odds bedevil sportswriters, however, because they are not static and often vary from place to place. When a sportswriter weaves odds into his story, he is taking a snapshot of something that is fluid. It’s sort of like citing the distance from the shoreline to the lifeguard station at a beach. (As an aside, I would advise readers to be cautious of recycling odds that appear in old books. Most boxing historians have treated the odds very loosely and some have invented odds to imbue a storied fight with a higher shock quotient for dramatic effect.)
During my lifetime, there have been at least four instances where a baseball team available at 100/1 in April went on to win the World Series. The Leicester City soccer club overcame considerably higher odds to win the 2016 Premier League title. So, from a numbers standpoint, Buster Douglas’s upset was hardly the biggest upset in sports.
But there are upsets and then there are quantifiably lesser upsets that register much higher on the shock meter. I once met a person who told me that when he read in his Sunday morning newspaper that Mike Tyson had lost, the world stood still, as it did when JFK was assassinated and when OJ was acquitted. For some people, talk about the Tyson-Douglas fight brings back a flood of memories even if they never saw the fight.
By the way, Jimmy Vaccaro, who is prominently featured in “42 to 1,” is currently on the payroll at the South Point, a locals-oriented casino that is a good drive from the Strip, although it sits on the same boulevard. His main responsibility, so far as anyone can tell, is to hang around the sports book, one of the busiest in the city. His boss, South Point owner Michael Gaughan, once famously said, “I don’t know exactly what it is that Jimmy does around here.”
He’s still the most quotable sports betting personality in town, and as down-to-earth as ever, about what one would expect from a fellow whose father spent 42 years working in a Pennsylvania steel mill.
There are rumors that Vaccaro will be heading back to Pennsylvania before the Super Bowl and the odds of that happening, unfortunately, are a lot lower than 42/1. He’s the last of an era and the town would miss him.
Check out more boxing news on video at The Boxing Channel
To comment on this article at the Fight Forum, Click Here
Featured Articles
Bygone Days: The Largest Crowd Ever at Madison Square Garden Sees Zivic TKO Armstrong
Bygone Days: The Largest Crowd Ever at Madison Square Garden Sees Zivic TKO Armstrong
There’s not much happening on the boxing front this month. That’s consistent with the historical pattern.
Fight promoters of yesteryear tended to pull back after the Christmas and New Year holidays on the assumption that fight fans had less discretionary income at their disposal. Weather was a contributing factor. In olden days, more boxing cards were staged outdoors and the most attractive match-ups tended to be summertime events.
There were exceptions, of course. On Jan. 17, 1941, an SRO crowd of 23,180 filled Madison Square Garden to the rafters to witness the welterweight title fight between Fritzie Zivic and Henry Armstrong. (This was the third Madison Square Garden, situated at 50th Street and Eighth Avenue, roughly 17 blocks north of the current Garden which sits atop Pennsylvania Station. The first two arenas to take this name were situated farther south adjacent to Madison Square Park).
This was a rematch. They had fought here in October of the previous year. In a shocker, Zivic won a 15-round decision. The fight was close on the scorecards. Referee Arthur Donovan and one of the judges had it even after 14 rounds, but Zivic had won his rounds more decisively and he punctuated his well-earned triumph by knocking Armstrong face-first to the canvas as the final bell sounded.
This was a huge upset.
Armstrong had a rocky beginning to his pro career, but he came on like gangbusters after trainer/manager Eddie Mead acquired his contract with backing from Broadway and Hollywood star Al Jolson. Heading into his first match with Zivic – the nineteenth defense of the title he won from Barney Ross – Hammerin’ Henry had suffered only one defeat in his previous 60 fights, that coming in his second meeting with Lou Ambers, a controversial decision.
Shirley Povich, the nationally-known sports columnist for the Washington Post, conducted an informal survey of boxing insiders and found only person who gave Zivic a chance. The dissident was Chris Dundee (then far more well-known than his younger brother Angelo). “Zivic knows all the tricks,” said Dundee. “He’ll butt Armstrong with his head, gouge him with his thumbs and hit him just as low as Armstrong [who had five points deducted for low blows in his bout with Ambers].”
Indeed, Pittsburgh’s Ferdinand “Fritzie” Zivic, the youngest and best of five fighting sons of a Croatian immigrant steelworker (Fritzie’s two oldest brothers represented the U.S. at the 1920 Antwerp Olympics) would attract a cult following because of his facility for bending the rules. It would be said that no one was more adept at using his thumbs to blind an opponent or using the laces of his gloves as an anti-coagulant, undoing the work of a fighter’s cut man.
Although it was generally understood that at age 28 his best days were behind him, Henry Armstrong was chalked the favorite in the rematch (albeit a very short favorite) a tribute to his body of work. Although he had mastered Armstrong in their first encounter, most boxing insiders considered Fritzie little more than a high-class journeyman and he hadn’t looked sharp in his most recent fight, a 10-round non-title affair with lightweight champion Lew Jenkins who had the best of it in the eyes of most observers although the match was declared a draw.
The Jan. 17 rematch was a one-sided affair. Veteran New York Times scribe James P. Dawson gave Armstrong only two rounds before referee Donovan pulled the plug at the 52-second mark of the twelfth round. Armstrong, boxing’s great perpetual motion machine, a world title-holder in three weight classes, repaired to his dressing room bleeding from his nose and his mouth and with both eyes swollen nearly shut. But his effort could not have been more courageous.
At the conclusion of the 10th frame, Donovan went to Armstrong’s corner and said something to the effect, “you will have to show me something, Henry, or I will have to stop it.” What followed was Armstrong’s best round.
“[Armstrong] pulled the crowd to its feet in as glorious a rally as this observer has seen in twenty-five years of attendance at these ring battles,” wrote Dawson. But Armstrong, who had been stopped only once previously, that coming in his pro debut, had punched himself out and had nothing left.
Armstrong retired after this fight, siting his worsening eyesight, but he returned in the summer of the following year, soldiering on for 46 more fights, winning 37 to finish 149-21-10. During this run, he was reacquainted with Fritzie Zivic. Their third encounter was fought in San Francisco before a near-capacity crowd of 8,000 at the Civic Auditorium and Armstrong got his revenge, setting the pace and working the body effectively to win a 10-round decision. By then the welterweight title had passed into the hands of Freddie Cochran.
Hammerin’ Henry (aka Homicide Hank) Armstrong was named to the International Boxing Hall of Fame with the inaugural class of 1990. Fritzie Zivic followed him into the Hall three years later.
Active from 1931 to 1949, Zivic lost 65 of his 231 fights – the most of anyone in the Hall of Fame, a dubious distinction – but there was yet little controversy when he was named to the Canastota shrine because one would be hard-pressed to find anyone who had fought a tougher schedule. Aside from Armstrong and Jenkins, he had four fights with Jake LaMotta, four with Kid Azteca, three with Charley Burley, two with Sugar Ray Robinson, two with Beau Jack, and singles with the likes of Billy Conn, Lou Ambers, and Bob Montgomery. Of the aforementioned, only Azteca, in their final meeting in Mexico City, and Sugar Ray, in their second encounter, were able to win inside the distance.
By the way, it has been written that no event of any kind at any of the four Madison Square Gardens ever drew a larger crowd than the crowd that turned out on Jan. 17, 1941, to see the rematch between Fritzie Zivic and Henry Armstrong. Needless to say, prizefighting was big in those days.
A recognized authority on the history of prizefighting and the history of American sports gambling, TSS editor-in-chief Arne K. Lang is the author of five books including “Prizefighting: An American History,” released by McFarland in 2008 and re-released in a paperback edition in 2020.
To comment on this stoty in the Fight Forum CLICK HERE
Featured Articles
Jai Opetaia Brutally KOs David Nyika, Cementing his Status as the World’s Top Cruiserweight
In his fifth title defense, lineal cruiserweight champion Jai Opetaia (27-0, 21 KOs) successfully defended his belt with a brutal fourth-round stoppage of former sparring partner David Nyika. The bout was contested in Broadbeach, Queensland, Australia where Opetaia won the IBF title in 2022 with a hard-earned decision over Maris Briedis with Nyika on the undercard. Both fighters reside in the general area although Nyika, a former Olympic bronze medalist, hails from New Zealand.
The six-foot-six Nyika, who was undefeated in 10 pro fights with nine KOs, wasn’t afraid to mix it up with Opetaia although had never fought beyond five rounds and took the fight on three weeks’ notice when obscure German campaigner Huseyin Cinkara suffered an ankle injury in training and had to pull out. He wobbled Opetaia in the second round in a fight that was an entertaining slugfest for as long as it lasted.
In round four, the champion but Nyika on the canvas with his patented right uppercut and then finished matters moments later with a combination climaxed with an explosive left hand. Nyika was unconscious before he hit the mat.
Opetaia’s promoter Eddie Hearn wants Opetaia to unify the title and then pursue a match with Oleksandr Usyk. Gilberto “Zurdo” Ramirez, a Golden Boy Promotions fighter, holds the WBA and WBO versions of the title and is expected to be Opetaia’s next opponent. The WBC diadem is in the hands of grizzled Badou Jack.
Other Fights of Note
Brisbane heavyweight Justis Huni (12-0, 7 KOs) wacked out overmatched South African import Shaun Potgieter (10-2), ending the contest at the 33-second mark of the second round. The 25-year-old, six-foot-four Huni turned pro in 2020 after losing a 3-round decision to two-time Olympic gold medalist Bakhodir Jalolov. There’s talk of matching him with England’s 20-year-old sensation Moses Itauma which would be a delicious pairing.
Eddie Hearn’s newest signee Teremoana Junior won his match even quicker, needing less than a minute to dismiss Osasu Otobo, a German heavyweight of Nigerian descent.
The six-foot-six Teremoana, who akin to Huni hails from Brisbane and turned pro after losing to the formidable Jalolov, has won all six of his pro fights by knockout while answering the bell for only eight rounds. He has an interesting lineage; his father is from the Cook Islands.
Rising 20-year-old Max “Money” McIntyre, a six-foot-three super middleweight, scored three knockdowns en route to a sixth-round stoppage of Abdulselam Saman, advancing his record to 7-0 (6 KOs). As one can surmise, McIntyre is a big fan of Floyd Mayweather.
The Opetaia-Nyika fight card aired on DAZN pay-per-view (39.99) in the Antipodes and just plain DAZN elsewhere.
To comment on this story in the Fight Forum CLICK HERE
Featured Articles
R.I.P. Paul Bamba (1989-2024): The Story Behind the Story
Paul Bamba, a cruiserweight, passed away at age 35 on Dec. 27 six days after defeating Rogelio Medina before a few hundred fans on a boxing card at a performing arts center in Carteret, New Jersey. No cause of death has been forthcoming, leading to rampant speculation. Was it suicide, or perhaps a brain injury, and if the latter was it triggered by a pre-existing condition?
Fuel for the latter comes in the form of a letter that surfaced after his death. Dated July 25, 2023, it was written by Dr. Alina Sharinn, a board-certified neurologist licensed in New York and Florida.
“Mr. Bamba has suffered a concussion and an episode of traumatic diplopia within the past year and now presents with increasing headaches. His MRI of the brain revealed white matter changes in both frontal lobes,” wrote Bamba’s doctor.
Her recommendation was that he stop boxing temporarily while also avoiding any other activity at which he was at risk of head trauma.
Dr. Sherinn’s letter was written three months after Bamba was defeated by Chris Avila in a 4-round contest in New Orleans. He lost all four rounds on all three scorecards, reducing his record to 5-3.
Bamba took a break from boxing after fighting Avila. Eight months would elapse before he returned to the ring. His next four fights were in Santa Marta, Colombia, against opponents who were collectively 4-23 at the time that he fought them. The most experienced of the quartet, Victor Coronado, was 38 years old.
He won all four inside the distance and ten more knockouts would follow, the last against Medina in a bout sanctioned by the World Boxing Association for the WBA Gold title. As widely reported, the stoppage, his 14th, broke Mike Tyson’s record for the most consecutive knockouts within a calendar year. That would have been a nice feather in his cap if only it were true.
Born in Puerto Rico, Paul Bamba was a former U.S. Marine who spent time in Iraq as an infantry machine gunner. In interviews on social media platforms, he is well-spoken and introspective without a trace of the boastfulness that many prizefighters exhibit when talking to an outsider. Interviewed in a corridor of the arena after stopping Medina, he was almost apologetic, acknowledging that he still had a lot to learn.
His life story is inspirational.
His early years were spent in foster homes. He was homeless for a time after returning to civilian life. Speaking with Boxing Scene’s Lucas Ketelle, Bamba said, “I didn’t have any direction after leaving the Marine corps. I hit rock bottom, couldn’t afford a place to stay…I was renting a mattress that was shoved behind someone’s sofa.”
He turned his life around when he ventured into the Morris Park Boxing Gym in the Bronx where he learned the rudiments of boxing under the tutelage of former WBA welterweight champion Aaron “Superman” Davis. “I love boxing,” he would say. “The confidence it gives you permeates into other aspects of your life.”
Bamba’s newfound confidence allowed him to carve out a successful career as a personal trainer. His most famous client was the Grammy Award winning R&B singer-songwriter Ne-Yo who signed Bamba to his new sports management company late in the boxer’s Knockout skein. Bamba was with Ne-Yo in Atlanta when he passed away. Ne-Yo broke the news on his Instagram platform.
Paul Bamba had been pursuing a fight with Jake Paul. Winning the WBA Gold belt opened up other potentially lucrative options. In theory, the holder of the belt is one step removed from a world title fight. Next comes an eliminator and, if he wins that one, a true title fight attached to a hefty purse will follow…in theory.
Rogelio “Porky” Medina, who brought a 42-10 record, had competed against some top-shelf guys, e.g., Zurdo Ramirez, Badou Jack, James DeGale, David Benavidez, Caleb Plant; going the distance with DeGale and Plant. However, only two of his 42 wins had come in fights outside Mexico, at age 36 he was over the hill, and his best work had come as a super middleweight.
Thirteen months ago, Medina carried 168 ½ pounds for a match in New Zealand in which he was knocked out in the first round. He came in more than 30 pounds heavier, specifically 202 ¼, for his match with Paul Bamba. In between, he knocked out a 54-year-old man in Guadalajara to infuse his ledger with a little brighter sheen.
Why did the WBA see fit to sanction the Bamba-Medina match as a title fight? That’s a rhetorical question. And for the record, the record for the most consecutive knockouts within a calendar year wasn’t previously held by Mike Tyson. LaMar Clark, a heavyweight from Cedar City, Utah, scored 29 consecutive knockouts in 1958 after opening the year by winning a 6-round decision. (If you are inclined to believe that all or most of those knockouts were legitimate, then perhaps I can interest you in buying the Brooklyn Bridge.)
Clark was being primped for a fight with a good purse which came when he was dispatched to Louisville to fight a fellow who was fairly new to the professional boxing scene, a former U.S. Olympian then known as Cassius Clay who knocked him out in the second round in what proved to be Clark’s final fight.
Paul Bamba was a much better fighter than LaMar Clark, of that I am quite certain. However, if Paul Bamba had gone on to meet one of the world’s elite cruiserweights, a similar outcome would have undoubtedly ensued.
One can summon up the Bamba-Medina fight on the internet although the video isn’t great – it was obviously filmed on a smart phone – and pieces of it are missing. Bamba was winning with his higher workrate when Medina took his unexpected leave, but one doesn’t have to be a boxing savant to see that Paul’s hand and foot speed were slow and that there were big holes in his defense.
This isn’t meant to be a knock on the decedent. Being able to box even four rounds at a fast clip and still be fresh is one of the most underrated achievements in all of human endurance sports. Bamba’s life story is indeed inspirational. When he talked about the importance of “giving back,” he was sincere. In an early interview, he mentioned having helped out at a Harlem food pantry.
Paul Bamba had to die to become well-known within the fight fraternity, let alone in the larger society. One hopes that his death will inspire the sport’s regulators to be more vigilant in assaying a boxer’s medical history and, if somehow his untimely death leads to the dissolution of the fetid World Boxing Association, his legacy would be even greater.
To comment on this story in the Fight Forum CLICK HERE
-
Featured Articles3 weeks ago
The Ortiz-Bohachuk Thriller has been named the TSS 2024 Fight of The Year
-
Featured Articles2 weeks ago
For Whom the Bell Tolled: 2024 Boxing Obituaries PART ONE (Jan.-June)
-
Featured Articles1 week ago
R.I.P. Paul Bamba (1989-2024): The Story Behind the Story
-
Featured Articles3 weeks ago
Lucas Bahdi Forged the TSS 2024 Knockout of the Year
-
Featured Articles3 weeks ago
Usyk Outpoints Fury and Itauma has the “Wow Factor” in Riyadh
-
Featured Articles4 weeks ago
L.A.’s Rudy Hernandez is the 2024 TSS Trainer of the Year
-
Featured Articles3 weeks ago
Oleksandr Usyk is the TSS 2024 Fighter of the Year
-
Featured Articles2 weeks ago
For Whom the Bell Tolled: 2024 Boxing Obituaries PART TWO: (July-Dec.)