Frazier was 3.5 - 1 favorite. Foreman winning period was a big upset, the manner in which he did made it even more shocking.
Foreman was 37-0 and an Olympic gold medalist. However his record was made up largely of tomato can opponents. In 1972 he fought five times, three of his opponents had losing records, a combined 8-53-2. So that should give you an idea of how soft that 37-0 record was.
He hadn't really shown much discipline or ring smarts. Looked for a KO in every punch. Just didnt seem like a fighter ready to take on Joe Frazier.
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