Boxing Betting Guide – How To Bet on Boxing
Boxing is one of the most exciting sports in the world and is the has THE highest paid athlete per event. Nothing matches the pure adrenaline of two guys going toe-to-toe in the center of the ring. The only thing better than watching a good boxing fight is winning a huge pile of cash at the end. With our handy guide, you’ll have everything you need to start earning the big bucks betting on boxing online.
Is it Legal?
For bettors in Canada and the United Kingdom, it is 100% legal to bet on boxing online. Unfortunately, United States laws prohibit online sports gambling, so American customers will not be able to find a reputable sportsbook willing to take their action legally. So far, no daily pick real money fantasy sites have started boxing betting. Just MMA thus far but from whom I’ve speaking to say they will soon.
Know The Odds
Understanding the odds is the cornerstone to successfully betting on boxing. While a novice might find the format intimidating, it’s actually quite easy to understand. Boxing odds, known as “moneylines”, usually look something like this:
- Floyd Mayweather (-210)
- Saul “Canelo” Alvarez (+145)
In this example, Floyd Mayweather is the favorite and Canelo is the underdog. Favorites always have a minus sign next to their moneyline, underdogs always have a plus sign.
When betting on a favorite, the number next to the minus sign is how much you would have to bet in order to make a $100 profit. So, for instance, a $210 bet on Floyd Mayweather would earn you $100 in this case, a $21 bet would earn you $10, and a $2.10 bet would earn you $1.
When betting on an underdog, the number next to the plus sign is how much profit you would make by betting $100. In this example, a $100 bet on Alvarez, if successful, would return $145 in profit. A $10 bet would earn you $14.50, and you’d earn $1.45 for every $1 you wagered.
Picking which fighter you think will win is not the only way to bet on boxing. Nearly every sportsbook offers over/unders, which are bets on how long a fight will go. The odds for over/under betting work exactly like traditional bets, except instead of betting on fighters you will be betting whether or not the fight will go past a certain point. For instance:
- Over 10.5 Rounds (-270)
- Under 10.5 Rounds (+190)
Note that the “over” is nearly always the favorite. In this case, no matter who wins, a bet on the “over” is successful the second the 11th round begins. If the fight ends at any point before the 10th round begins, the “under” is successful. If the fight ends during the 10th round, the bet is a push and you will win or lose nothing.
Over/under betting is a great way to make money on close fights or fights with odds that are too skewed to make traditional bets lucrative. Two heavy-handed sluggers going at it make the under, which is usually going to be a substantial underdog, a fairly attractive option. Similarly, large mismatches such as the recent Canelo vs. Kirkland fight generally have a favorite so prohibitive that any wagers on him are too risky to be worth it. By betting on the under, though, you can not only make money capitalizing on a dominating mismatch, you can do it at underdog odds. For smart bettors, the profit potential of over/under betting is tremendous.
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