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Mayweather opens as near 3-to-1 favorite vs. Manny Pacquiao

Jayne Kamin-Oncea / Reuters

It didn't take oddsmakers long to react following Floyd Mayweather's announcement of a fight with Manny Pacquiao.

Within minutes of the announcement, books across the globe had already posted lines on the fight, with Mayweather coming in as a significant favorite.

Sportsbook.ag opened Mayweather as a heavy favorite at -295, with Pacquiao installed as the underdog at +230.

The two fighters will square off May 2 at MGM Grand in Las Vegas.

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