Boxing and gambling have gone awry for many years, maybe a little too closely at times. From the early 1970s, gambling on boxing has been more popular than betting on the NFL, but allegations of fixing battles and dreadful judge decisions turned many individuals away from the betting aspect of their game. For the most part boxing has done a fantastic job of attempting to regain confidence in the ethics of their game.
Win, Lose, or Draw
Boxing utilizes the money line and is fairly straightforward in regards to wagering, as the odds will be given alongside each fighter’s name.
For an example, the odds on a boxing game that is exemplary would be something like the following:
John Smith -200
Pete Brown +150
If you bet on Smith, you’ll need to risk $200 to win $100, but if you wager on Brown that you are asked to risk $100 to win $150. Then you need to risk $100 to win $ 2,000, if you think the struggle will end in a draw.
It’s important to note that you don’t need to bet $100 to win $150, you can gamble $20 to win $30, but money line odds are given in terms of $100 wagers.
On boxing bets, your fighter must win the fight or you lose your bet. Bets on both fighters are declared losers, if the fight is declared a draw. You just won a nice chunk of change if you bet on the draw, then congratulations.
It’s important to note that if the fight you are betting on does not have the choice of betting on a draw and the battle ends in a draw, all wagers are reimbursed, since it’s treated as a tie bet in other sportsbetting.
Boxing Proposition Bets
Since a number of fights can be quite one-sided, the bookmakers will normally come up with several proposition wagers on important fights such as under or over on the amount of rounds that the fight will go or if the bout will end in a knockout or stoppage by the referee.