Online Boxing Betting Guide
Introduction to Boxing Betting - Boxing has a worldwide following and has been around in one form or another for many a year. There are records of organized fist fighting going back as far as Ancient Egyptian times and boxing was officially accepted as an Olympic sport in the 7th century BCE. Since then the sport of boxing has evolved into the more modern format we are familiar with nowadays.
Ever since those early rounds of fighting, betting on boxing has been a part of the sport. To this day it remains one of the most popular sports to bet on at all levels. Even low level amateur matches will tend to attract a great number of bets.
Virtually all online betting sites will cover most professional matches by offering betting markets on them. Generally speaking, it is the higher profile boxing matches that attract more television coverage and as such generate more interest.
Where To Bet On Boxing Online
Therefore the range of wagers available at boxing betting sites on the bigger fights and boxing matches will tend to be much larger.
Boxing Events And Fighting Formats
Boxing comes in many forms, the most obvious distinction being that between amateur and professional boxing. Amateur boxing may not receive the same exposure in the media as its professional counterpart but is still incredibly popular. The amateur level of boxing covers collegiate level and, of course, Olympic boxing – which is where many professionals make their name.
Boxing is also fought at different weight classes. Each weight class has a different standardized weight range, which the boxer must fall into to fight at that level. Anyone who has watched any boxing on the television will no doubt be familiar with the weigh-in, which takes place before the fight. At this point the boxers must prove they are at the correct weight to take part in the scheduled fight. The top weight class in professional boxing is referred to as heavyweight, and is generally considered to most glamorous level of boxing.
Boxing has also a number of sanctioning bodies, which recognize ranking fights and award championship belts to the top fighters. It is possible to have a number of different world champions at any weight class, although the ultimate aim is to be the undisputed champion of the world – holding all the belts from the different sanctioning bodies.
Types of Boxing Bets and Wagers
As with most sports, there are many different bets available on boxing matches. For lower profile matches, the range of wagers offered could be relatively small. However for the big fights, such as championship bouts, the big online betting sites will offer a variety of different bets. We’ve listed some of the more common wagers here.
- Match Betting (Fixed Odds) - Match betting is the undoubtedly the most common bet in boxing. A simple wager, it just involves picking the fighter you believe will win the fight. Fixed odds betting at online boxing betting sites means that you are offered a price when placing your bet and, if you win, you are paid out at that price. Fixed odds will generally be presented in one of two formats, either as a fraction or as a decimal. 2/1 is an example of fractional odds – and this would pay out twice your bet in winnings plus your original stake. An example of decimal odds is 2.5, which would pay out two and half times your wager including your stake. A draw is possible in boxing, although that outcome is rarely backed.
- Moneyline Bet - This is basically a match bet, just presented differently by boxing betting sites. For a moneyline bet, an online betting site will set the moneyline based on the likelihood of the result. As an example Fighter 1 might be at -700 and Fighter 2 at +500. In this case, Fighter 1 is a clear favourite. To win $1.00 on Fighter 1, you would need to have wagered $7.00. Alternatively, a $1.00 bet on Fighter 2 could return $5.00.
- Round Betting - This is another straightforward bet. Every boxing match is divided into rounds, and each round is scored by the judges. Round betting involves betting on a fighter to win a particular round.
- Knockout Bets - Predict whether a boxer will win the fight by knockout.
- Draw - wager the outcome of a fight to end in a draw.
- Specials/Prop Bets - Given the nature of boxing, there are not as many of these types of bets as in some other sports. However, most online betting sites will offer a few specials, or prop bets, on the big fights. A prop bet is boxing might be the method of victory, how many rounds the fight lasts, or which round a fighter wins in.
Online Boxing Betting Tips and Strategy
There isn’t really a huge amount of strategy involved in wagering at boxing betting websites. The key to success at online boxing betting is really to keep it simple and look for value bets. Very often in boxing, the two fighters are not closely matched and there is one overwhelming favourite. There is not usually a lot of value in backing the favourite every time, as upsets can and do happen. If you are consistently betting on the odds on favourite, it only takes one loss to wipe out the profits from several wins. Finding the value bets, such as betting on the method of victory can be much more profitable.
As with any kind of online sports betting, it is important that you use one of the best online betting sites and bookmakers for placing your bets, and making sure you get good odds on your bets. It is also strongly advised to practice good bankroll management and be sensible with your stakes. Most of the best fights are shown on HBO boxing, while the bigger ticket items go to PPV.