Boxing is one of the oldest sports similar to horse racing and soccer that people place wagers on. Betting on boxing, or any fighting sports is hugely popular worldwide including the United States. Over the last 25 years, online sports betting was coupled with newer forms of professional fighting including Ultimate Fighting Championship (UFC) and other mixed martial arts (MMA). The nature of boxing, that being one-on-one, makes the sport quite difficult to predict and a bit challenging. Which is why a lot of gamblers in USA love to bet on it. Betting on boxing online can be both an exciting and very rewarding experience. Read on for more on online boxing betting.
How Does Boxing Betting Work? : Boxing Betting Explained
How betting on boxing works is quite easy. Players place bets either in advance or very close to the fight when online bookmakers are competing the most. As with many sports, outright win markets offer bettors the best value of money. This is with regards to prices, odds, and offers. In order to get you through the door with the hope that you place more bets, sportsbooks will run these lines at cost or even a loss. More so, bettors can start betting on a boxing match as soon as it is announced. In some instances, fights are announced a year in advance. However, odds can adjust with ante-post betting: they can either be more profitable or less profitable.
What Does Round Betting in Boxing Mean?
Round betting is the new ‘it’ thing in online boxing betting. The best sportbooks in USA offer bettors money back promotions for placing round bets. An example could be ‘money back if the match goes over four rounds’ and so on. More so, round betting only allows bettors to only bet on which round the fighter will win and sometimes how this will happen. For example, fighter A will win in the fourth round by knockout. This type of boxing betting can be found in groups as well, and players can bet on the type of decision within these groups.
The Win Method – Online Boxing Betting
Bettors can place bets on a knockout (also known as KO), technical knockout (TKO), submission, draw, technical draw, disqualification, and more. You can do this within a round or overall. More so, it is wise that players compare different bookmakers to check which have best value markets.
USA Boxing Betting Odds – Moneyline Odds
The ways in which odds are calculated vary per country. In America, the betting odds for boxing appear as a minus number (-800) to indicate a favourite or a plus number (+500) for an underdog based off a standard $100 bet. A plus number shows how much you win if you wager $100. So, if you are +445 to win, it means that $100 bet could win you $445. Whereas, the minus number shows how much you have to bet to win $100. So, if you’re -370 to win, it means you have to bet $370 to win $100.
Formula for Calculating Money line Odds
- Minus numbers/favourite: Wager/odds x 100 = your potential winnings.
- Plus numbers/underdogs: (Wager x odds) / 100 = your potential winnings.
Online Boxing Betting Payouts
The maximum payouts for online boxing betting and MMA have a huge variation, especially when compared to other sports. For instance, football bets can payout tens to hundreds of thousands of dollars. Meanwhile, on a big boxing fight, the best USA bookies can offer a payout of up to a quarter of a million.
Bonus: General Boxing Rules & How to Win
Boxing dates back to as far as the third millennium BCE but became an established sport when Ancient Greeks introduced it in the 23rd Olympiad. Back then the game was wild but has evolved to become somewhat a friendly and more professional game. You may be familiar with current professional top boxers including the likes of Floyd Mayweather, Terence Crawford, Gennady Golovkin, Vasyl Lomachenko, and Anthony Joshua, to name a few.
Now, the rules of boxing are quite straightforward and easy.
- A boxing match take place over 12 rounds.
- Each boxing round lasts for either two or three minutes.
- Each boxer wears gloves with nothing in them other than the boxer’s hand; no objects are allowed.
- Boxers punch each other and avoid doing the following: biting, kicking, holding the ropes, striking with forearms and elbows, wrestling, poking their opponent’s eyes with thumbs, head butt, and hitting their opponent when they’re down.
- Usually, there are three scorers responsible for the game scores.
- A boxer can win by a KO or TKO.
- The boxer’s team can end the match by throwing in the towel (this is where the universal proverb comes from) if they fear that their competitor is in trouble or if the fighter is knocked out or rendered unconscious.