Using Crypto to bet on boxing is a growing trend
Bitcoin boxing betting is becoming a growing trend among sports fan, especially with the emergence of controversial, high-profile YouTuber turned boxer Jake Paul, who is an advocate of bitcoin, and increasingly attracting attention in his newest venture as a professional boxer.
The option to place bets using crypto is now available on almost every bookmaker’s website, such as bitcoin casino UK.
Boxing is one of the world's oldest sports and has always been aligned with gambling throughout it's rich and sometimes shady history. At one time, boxing in America was seen to be completely controlled by the Mafia, who consistently fixed the results of fights for lucrative returns. Sugar Ray Robinson was offered more money to throw fights than he ever earned for an actual paid fight but the boxer regarded as the best ever always refused and kept himself out of that way of life.
There's many reasons why boxing is so popular among betting punters, the main reason is how unpredictable the sport can be, with just a single punch taking only a split-second to change the course of the match. Another reason is how many different options there are to bet on, such as the winner, the way they win, round betting, whether there will be a knockdown during the fight and many more various choices.
There are many factors to consider when it comes to betting on boxing. Athletes are not machines, but ordinary people, subject to emotions, stresses, mood swings, illnesses… and all this can affect the behaviour of the fighter in the ring and the outcome of the fixture. This information has a big impact on the result.
There's often 50-50 match-ups, but there's also fights that feature heavy favourites and underdogs, which are the ones that attract the most bets. Everyone loves an underdog and if they come out on top, the returns are bountiful.
Although using crypto for betting on boxing championships is rare, it is an increasing trend that is only going to grow bigger still. People usually place bets on bouts where two athletes are competing against each other for the title and belt. Such events are known beforehand, and punters have a lot of time to check the necessary information.
When it comes to Bitcoin betting, cryptocurrency comes with unique advantages compared to regular betting. First, your privacy is ensured and neither central banks nor governments will track your transactions and where you send the funds. Furthermore, withdrawal and deposit options are notably increased taking a maximum of just one hour, when with traditional currencies, the process is more complicated.
Almost every crypto betting site will feature boxing, a sport where you can place bets. The odds are almost the same as in regular betting sites.
Jake Paul first invested in Crypto when he was just 16, he explained: “I invested in Bitcoin when it was $100 when I was 16 years old and it was the craziest, best investment of my life.
“Ever since that moment I’ve sort of been involved in crypto and still investing to this day, buying Bitcoin, buying Ethereum.”
Now 25, Paul was like loads of people who managed to jump in on the digital currency before it skyrocketed.
Known as 'The Problem Child', Jake Paul certainly seems like the type of guy to claim he invested into Bitcoin when it was $100 to just seem like he got in early.
However, his biggest income has come via the sport of boxing where he has made the most impressive salaries for each fight, reportedly making $40 million last year, according to brother Logan, who has also stepped into the boxing ring himself.
Jake Paul has admitted that he and his brother Logan talk about fighting each other in the boxing ring 'all the time', but one major obstacle has prevented the brothers from squaring up against each other- their parents won’t let them.
Both Jake and Logan have recently gone on record stating their excitement over the prospect of facing each other as they hope to become the first siblings in history to fight in a competitive match.
Logan said that any potential fight between the two would not be 'replicable' in history, and that even though the brothers have a somewhat rocky relationship, that tension is exactly what would make a bout between the two such a tantalising prospect.
"That’s why it excites me. I don't think it is replicable on a scale like this ever.”