Floyd Mayweather and Manny Pacquiao announced today that they will be having a rematch and well, the sports world has gone mad. Despite a huge fight between Gennady Golovkin and Canelo Alvarez happening tonight.

No official date or location has been named yet but Mayweather has said on social media December is when it will happen.

Where and on what network is unclear at this point.

Bookmakers have acted fast following the news which has taken social media by storm today.

Best price for Mayweather at the moment is 2/5 favorite with Pacquiao currently best price at 15/8.

Both being for outright winner markets.

When you take a look at the punch stats from Compubox from the first fight, they tell you why Mayweather starts as a favorite really:

Almost double the accuracy and punches landed of Pacquiao from their first fight in 2015.

Since then Mayweather has fought one Conor McGregor and Pacquiao has recently gotten back to winning ways with a stoppage win over Lucas Matthysse.

While both boxers are certainly not in their primes at this stage, there should be enough intrigue and star power in their names to ensure people will still shell out to buy the fight.

Although nowhere near to the level they did back in 2015.