After scoring a $150,000 windfall from bookmakers following Garth Wood’s knockout victory over Anthony Mundine on Wednesday night, Jeff Fenech is enjoying the fragrance of cold hard cash. Garth Wood’s victory has certainly made waves in the betting world.
In a meticulously planned operation, Fenech and a group of friends from Marrickville placed substantial bets on Wood, utilizing unique wagers that focused on predicting the round in which the fight would conclude.
With a $40 price tag on Wood delivering a knockout in round five, Fenech and his team made hefty bets on a knockout occurring between the first and fifth rounds.
“I was telling everyone last week that once I saw Garth’s training, I knew he would knock Anthony out,” Fenech stated.
Additionally, the Boxing Hall of Fame fighter backed Wood to win in the head-to-head betting market, which was offered at $11.
While working in Wood’s corner with his father, Barry Wood, and fellow trainer Billy Hussein, Fenech relied on insider information from The Contender winner’s training camp located at John Singleton’s property to inform the betting strategy.
As the Wood camp devised a clever ring strategy to limit Mundine’s movement, Fenech predicted that the former NRL star would struggle against persistent pressure.
“We were aware that Garth’s strategy was to confront Anthony and exchange blows, and honestly, Anthony hasn’t faced that kind of challenge for quite some time,” Fenech remarked.
“Once I assessed Garth’s preparation, I was confident he would knock Anthony out.
“So, I encouraged all the guys in Marrickville to place their bets.
“The smart money was betting on the specific round, which is always a challenge.
“However, I believed if Garth was going to win, it would occur early, and as it unfolded, everything aligned perfectly for us.”
Leading bookmakers Centrebet and Sportingbet both confirmed that they had accepted wagers that experts in the industry categorize as “educated money” backing Wood for a knockout victory.