Boxing is sporting art at its finest. Each bout is a unique and enthralling contest of speed, strength, technique, reflexes, endurance and willpower. Boxing has long been a sport that has been linked with betting. Boxing betting requires plenty of research, but it can prove highly lucrative to the smart punter. In the modern age of technology, it is possible to find videos of virtually every boxer on the internet, allowing you to study their style and their technique to try and analyse where the value with the top boxing betting sites.
Placing wagers on fights can range from very straightforward bets on who will win outright to more complicated propositional bets involving rounds, methods of victory and fight-specific outcomes. Boxing wagers are placed on a moneyline. A moneyline is a number set by bookmakers which determines winnings based on a A$100 bet. The negative number indicates which fighter is favoured to win the fight and is the dollar amount one must wager to win A$100. The positive number indicates who the bookmaker considers the underdog and is the dollar amount one wins when placing a A$100 wager.
There are two distinct moneylines in boxing, and understanding the difference between the two is important before placing a wager with online bookmakers. The most common moneyline is a 2-way moneyline. In a 2-way moneyline, a wager is placed on either fighter winning the fight and if the bout ends in a draw, the bet is cancelled and the wager is returned as a push. Take the following as an example of a 2-way moneyline:
Mayweather is the betting favourite, so a A$400 dollar bet on Mayweather yields A$100 if Mayweather wins. McGregor is the underdog, so a A$100 bet on McGregor takes A$300 if McGregor wins. If the bout ends in a draw, the bout is declared a push and a wager on either fighter is returned. However, a 3-way moneyline includes odds on the draw. Take the following as an example of a 3-way moneyline.
A 3-way moneyline pays out the same for either fighter on a winning bet, but because the draw is listed as a betting option, only wagers placed on the draw will return winnings. So if Mayweather and McGregor fought to a draw, wagers placed on either fighter to win are lost and a A$100 wager placed on a draw wins A$1200.
The most straightforward bet in all of boxing is placing a wager on the bout market. This is also known as the outright win market. A wager placed in this market simply involves determining which fighter will win the fight. No matter what method of victory, whether a knockout or decision, naming the fighter who wins the bout in the outright win market wins the bet. A winning wager’s payout is based on the moneyline set by by the bookmaker at time of bet. Other kinds of wagers in boxing are proposition based. The most common types of prop bets in boxing are about rounds, methods of victory and whether the fight goes the distance.
Round market bets include naming the fighter who will win the fight as well what round the fight will end. This allows wagers placed on 2-way moneyline favourites the chance to return huge dividends so long as the person placing the wager is able to pinpoint when the fight will end exactly. For example, a straight bet on Mayweather at - 400 is paltry compared to a round-specific bet on Mayweather winning specifically in round 10 at + 2200.
Betting on the over/under total rounds market is placing a wager on whether the fight will go past a certain number of rounds. The over/under market is set by bookmakers and offers moneylines for both sides of the equation. Using Mayweather/McGregor as an example again:
Betting on the O/U market does not depend on naming the winner of the fight, only how long the fight will last.
The rounds group market offers similar plays to the O/U market, except wagers are placed on groups of rounds. Common rounds groups include rounds 1-4, rounds 4-8 and rounds 9-12. Other common round groups include even vs. odd round numbers.
The method of victory market is played by selecting the fighter who will win the fight as well as the method of victory. This market is similar to the round market except instead of pinpointing the specific round one wagers on the specific method. Methods can be grouped together (e.g. Mayweather by KO, TKO, or DQ -135) or more specific (Mayweather by KO +1600, Mayweather by TKO +240, Mayweather by DQ +800) based on the bookmaker’s preference.
In boxing’s fight to go the distance market, wagers are placed on whether the fight will last the full number of scheduled rounds. For example, if Mayweather-McGregor was scheduled for 12 rounds and ended anytime before the conclusion of the twelfth round for any reason, the fight did not go the distance.
Depending on the magnitude of the fight and the number of wagers placed on it, bookmakers will create other prop-based odds categories to entice more bets and more lucrative payouts. Common prop bets such as these include betting on what minute a fight will be won, number of total punches landed by a specific fighter and whether the fighters will touch gloves before the bout begins. As with all wagers, always read the bookmaker’s instructions and payout instructions carefully before placing any bets.
There are many important factors to consider when placing wagers on fights. Boxing is unlike any other sport, and digesting all the different weight classes, rankings systems, statistics and world championship data points in the sport can be a daunting task to the uninitiated. The most important things to consider when placing a wager on any fight are the accomplishments of the participants, the fighters’ styles as well as their overall talent levels and abilities.
Additionally, Gambling.com offers a comprehensive boxing betting strategy guide to help you make the most out of every wagering opportunity.
Unlike other popular American sports, such as Major League Baseball and the National Football League, fighters compete under various promotional banners instead of just one entity. Top level promotional companies include Top Rank Promotions, Golden Boy Promotions and Main Events.
Before fighters can compete against each other, negotiations must take place between the managers and promoters of the fighters and a contract must be agreed to and signed by all parties. Fights take place under the supervision of state-level combat sports commissions who provide the officials for the bout including the judges and referee.
Boxing is one of the oldest sporting fixtures in the world. The earliest discovered depiction of boxing comes from a relief sculpture found in Iraq dating back to the third millennium BCE. The sport was developed by the ancient Greeks and appeared in Greek culture with regularity beginning with the 23rd Olympiad in 600 BCE. It was a popular sport with the Ancient Romans but was abolished during the fourth century after becoming excessively brutal.
The modern form of boxing traces its roots back 1867 when a formal set of rules was introduced to the world of prizefighting under the patronage of the Marquess of Queensberry in London. The sport continued to evolve through the years mostly outside the confines of governmental oversight as it was outlawed in England and the United States. Boxing became a legitimate sport in the early 20th century and has since become a multi-billion dollar industry.
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