By Allen Moody. Sports Gambling Expert
Allen has been immersed in the sports gambling culture for more than 30 years. From first being introduced to illegal bookies in the Philadelphia suburbs at the age of 18, Allen has been actively involved with sports gambling, spending time as a bettor, a bookie, and a sports service operator. He is the author of Becoming a Winning Gambler and Sports Betting Basics, both of which were published in 2013, and also operates the website allenmoody.com.
The Basics of Betting on Boxing
Boxing uses the money line and is pretty straight forward in regards to wagering, as the odds will be given next to each boxer's name. The odds on a hypothetical boxing match would read:
John Smith -200
Pete Brown +150
Bettors who wager on Smith will have to risk $200 to win $100, while bettors who wager on Brown are asked to risk $100 to win $150. Those bettors who believe the fight will end in a draw have to risk $100 to win $2,000.
If the fight is declared a draw, bets on both fighters are declared losers and the bookmakers, as well as any bettors who wagered on the draw, are extremely happy.
Boxing Proposition Bets
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Such a betting proposition may look like this:
Over 6 full rounds -140
Under 6 full rounds 120
If you wager over the six full
rounds, you will win your bet as long as both fighters are in the ring for the start of the seventh round. If you wager on the under six full rounds, you will win your wager provided the fight is stopped anytime prior to the bell signaling the end of round No. 6. If the fight is stopped between the end of the sixth round and the beginning of the seventh round, all over/under bets would be declared losers and you will have another case of very happy bookmakers.
The other main proposition wager for boxing matches is betting which fighter will win by a stoppage or knockout. Using the John Smith vs. Pete Brown fight from above, we could expect to see odds similar to:
John Smith by KO or stoppage -110
Pete Brown by KO or stoppage 200
For this bet, Smith backers will only win their wagers if he scores a knockout or the referee stops the bout and declares him the winner. If Smith wins the fight by decision, his backers would lose the wager, as he did not win by KO or stoppage.
The same situation applies for those who wagered on Brown, where he must win by knockout or stoppage, as opposed to winning by decision.
There you have the basics of betting on boxing. Perhaps the next time a fight comes along, you'll be able to deliver a knockout punch to your bookmaker by picking a winner.