TOP-5 High-Ranked Online Bookmakers for Boxing betting
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Basic Principles of Boxing Betting
You’ve surely heard of online betting and all the fun your mates are having while placing different bets on their favorite sports on their phones, at home, at work, and at their favorite pub. Online betting has become very popular since smartphones took over, so maybe you are wondering why this is such a popular activity? Maybe you’ve already downloaded a popular betting app or visited any betting website on your desktop, but once you are on the platform ready to place a bet you don’t understand what’s going on, you only see a bunch of random numbers with plus and minus signs all over, so you basically give up or end up randomly placing bets that surely won’t be your ticket to earning big money. But don’t worry, in this article we are going to cover the basics of betting in one of the most popular and interesting sports to bet on: boxing, so you can give a knock-out blow the next time you place a bet on your favorite fighter.
The first thing to know and get used to in boxing betting is that bets on any betting site are almost never going to pay evenly between both fighters, which means that you could hypothetically double your money betting on any of the two fighters. Let us explain, each fighter has their own favorable (or unfavorable) odds of winning, which has many different factors that might influence their chances of winning (age, experience, number of fights won/lost, home advantage, etc). All of these variables are calculated through a computer algorithm that determines which fighter has the better chance of winning the fight. This is what is called determining the odds known as the betting lines (the numbers we mentioned earlier). Betting lines will let you know how much a winning bet will pay you. The more uneven the odds the more money you will earn if you place a successful bet.
For example, when you place a bet on who will win a fight you need to focus on what are the boxing odds the fighter you picked to win has because the payout will depend entirely on these numbers. Let’s take a basic example of an upcoming and very interesting boxing fight between Oleksandr Usyk and Murat Gassiev, whom will meet in Saudi Arabia for the cruiserweight division finals on May 11th, 2018.
For this specific fight Usyk opened the betting lines as the favorite to win the fight at -260, since he has never lost a fight in his career and has many boxing odds in his favor, Gassiev, on the other hand, came back with a +200 on the bets, even though Murat has only one defeat in his career his technical disadvantage against this rival may have turned the odds against him. So, what does this actually mean? If you place a bet on the favorite, in this case Usyk who has a stat line -260 you would have to bet at least $2.6 dollars to earn a profit of $1 dollar, since the odds are in his favor and the chances of Oleksandr to win are much greater than those of his opponent. In the event that you choose to bet $100 dollars on Usyk and he wins the fight, your payout will be of $138 dollars ($100 return + $38 profit) since he would’ve matched the expectations of his line the winnings will be low, but at a very much lesser risk of losing your money.
On the other scenario boxing betting has become very popular since it can sometimes favor the underdogs, whom on many occasions have nothing to lose, they can throw a lucky punch, follow a specific strategy, you name it. There is always a chance for even the biggest underdog to obtain glory in the ring. In the same scenario (Usyk v. Gassiev) the difference is not that one-way tilted but still has a very clear underdog. Gassiev has a +200 stat line, which means that if he wins, for every $1 dollar you bet on him, you will earn $2 dollars. So, in the event that you place a $100 bet on Murat to win the fight and he overcomes the boxing odds and takes the victory you will earn $300 dollars ($100 return + 200 profit)
It’s important to mention that upcoming boxing fights always change the odds and betting lines, which means that as closer we get to the date of the fight the odds may change, this depends mostly on how many people placed a bet on a certain fighter, or maybe recent training has shown major improvement on a fighter, a lot of factors may apply in this decisions which are made by the platform in which you placed the bet. So, one useful boxing betting tip is the sooner you place your bet, the better chances you have to make the most of your winnings if you eventually win the bet.
Deeper Dive into Boxing Betting
Now that you have learned the basic boxing betting as to choose a winner of the fight, is also important to get to know some other boxing betting tips, including many other options you have while placing a bet on boxing odds, which can make a fight much more interesting if you place a bet on different scenarios, this type of bets are a very attractive way to place low cost bets which have little probability of winning, but if the luck is on your side there is always a chance you can make big money when you hit the jackpot on this type of bets.
In the United Kingdom sites like William Hill Boxing, Betfair Boxing, Ladbrokes Boxing are very popular in placing this type of bets especially on Boxing Tonight UK, these sites include many different types of bets. For example, you can bet on the winner round by round, you can predict if the fight is going to end in a draw if the winner will take the victory in a knockout or by decision, you can even name in which round will the fight end, just to name a few. As we mentioned before, the odds of winning a bet like this may be very little, but if you know enough the sport and want to take a chance in testing your luck you may very well use this type of bets to your favor and win big, so the next time you are watching a boxing fight you surely will be at the edge of your seat.
Remember to always place intelligent bets that can actually make you win some money, because if you keep betting on the underdogs time after time the chances of losing will increase drastically. Placing a bet on Conor McGregor boxing in a match, for instance, is not the best way to go. When you lose too many bets you lose any sort of excitement for betting as an additional entertainment in sports.