"Mr. Ragano was emphatic," Shaw recalls. "Riggs had assured him that the fix would be in -- he would beat Margaret Court and then he would go in the tank" against King, but Riggs pledged he'd "make it appear that it was on the up and up."
At first, Trafficante and Marcello expressed skepticism, Shaw says. They wondered whether Riggs was in playing shape to defeat Court or King, but Ragano, now deceased, assured them Riggs was training. The men also wondered whether there would be enough interest in exhibition tennis matches to generate substantial betting action. In the early 1970s, as it does today, tennis attracted a tiny fraction of sports betting dollars. Ragano assured them that there was ample time for Riggs to get the media to promote the matches so enough people would be interested to place bets with the mobsters' network of illegal bookmakers.
Finally, Shaw says, the men asked about Riggs' price for the fix. "Ragano says, 'Well, he's going to [get] peanuts compared to what we're going to make out of this, so he has asked for his debt to be erased.'" Riggs "has also asked for a certain amount of money to be discussed later to be put in a bank account for him in England," Ragano told the men, according to Shaw.
After nearly an hour, the four men stood up, shook hands and agreed they'd move forward with Riggs' proposal, Shaw says.
THE ASSUMPTION BY some was that Riggs would not have been able to resist the odds on Billie Jean King, who was listed as high as 5-2 in the Las Vegas sports books. Tennis legend Don Budge, who died in 2000, had told one of his sons he had no doubt Riggs threw the match for money. "In no uncertain terms, he definitely heard from people that Riggs had thrown it," says Budge's son, Jeffrey. "And it was huge money -- more than $100,000, perhaps $200,000 to $500,000. Dad said, '[Riggs] could have run her off the court any day of the week as he did against Margaret Court.'"