HOLLYWOOD ? Don?t look now but Antonio Margarito has closed in on Manny Pacquiao in the eyes of the betting public.
The Mexican underdog, who went as low as +425 (meaning a $100 bet wins $425) a couple of weeks ago, is now at +350 with just nine days before the fight.
No thanks to reports, rumors perhaps, that Pacquiao has been taking things lightly and is out of focus for what should be the biggest, toughest fight for him in recent years.
Pacquiao, who was at -650 (meaning you need $650 to win $100) as of last week, is now at -550.
Bob Arum, the promoter from Top Rank, said it was unthinkable for the odds to have gone as wild as in the past couple of weeks because he feels that Margarito poses a serious threat to Pacquiao.
?The odds are crazy,? he said.
Arum added that the more logical betting odds for this fight is 2 1/2 to one for Pacquiao, and not 6 to one. He said the Filipinos putting their money on Pacquiao is the only reason why the odds went that wa
