If you are new to the world of sports betting, betting on boxing may seem complicated. If you are a boxing fan and stay up-to-date with the latest news and matches, then that is half the homework done. The key to placing a winning bet is to stay informed so that you can choose the boxer who is likely to win.
Once you have taken note of the fights, quality and form of the fighter that you are supporting, as well as his opponents, you must understand how the betting system works. This article provides you with a brief overview of everything you need to know to make the best bet and will help you bring your passion for boxing to the next level.
Boxing betting is based on moneylines that point to a favorite and an underdog. Other suggested bets include:
Over / under round bet
KO / standstill bet
To understand how these bets work, we will analyze odds for a hypothetical boxing match. The odds are compounded if they are only supposed to give you an idea of how boxing betting works:
Deontay Wilder -150
Luis Oritz +120
More than 7 full laps – 130
Under 7 full laps – 140
Wilder by KO or standstill +230
Ortiz by KO or standstill +260
With this handicap bet on Wilder is the favourite at-150 and Ortiz is the underdog expected to lose the fight. Remember, moneylines always list the person expecting to win with a minus sign.
Now, -150 means that if you bet on Wilder to win, you have to risk 150 to win 100. The way this is calculated is that you win 1 for every 1.50 you pay. If you bet on Ortiz to win, you must have wager 100 that will win you 120 if he wins the match.
Betting on a draw is tricky as draws in boxing are quite rare. To avoid disappointment, make sure you bet on a draw only when the boxers are fairly equal. In our hypothetical competition, 100 bets on a draw would win you 1,600 assuming the match would end in a draw.
If you bet on over/under rounds, you bet in whether the fight will end before or after the stated amount of the rounds. So, if you bet 100 more than 7 full rounds, you would win 130 if the game continues until the start of the 8th round. When betting under 7 complete rounds, you would win if the fight stopped before the end of round 7.
Another popular betting method is a KO bet. This method is fairly simple – in fact, you bet on the fighter that you believe will win by a standstill or knockout.