This is the boxing betting guide that all novice bettors need to read
How Do Betting Odds Work in Boxing? Find Out Here:
Boxing betting is something that has become very popular, especially when there are some big fights on. The history of gambling goes back many years and now that there are boxing fanatics all across the world and regular big fights being fought, betting on boxing is a very good way to try and make some extra money. However, if you are a novice and you first come across boxing odds, you will probably ask yourself, "How do betting odds work in boxing?" Well, do not fear because we are here to explain betting odds in boxing to you.
Boxing Odds Explained
When you go onto the boxing section of the sportsbook that you have opened an account with, it is likely that the odds on offer for a boxing match will be displayed in American odds. This means that you will see positive and negative signs before some numbers, which is what can confuse some novice boxing bettors. The majority of bookies will allow you to change the odds to a type that you are familiar with such as Fractional or Decimal odds, but if you want a traditional boxing betting experience then we recommend you stick to the American odds.
American odds are not as complicated as they look. What you need to remember is that the negative sign shows the favourite for the fight and indicates how much money you need to bet in order to make $100. For example, if a boxer is priced at -300 to win the fight, you are going to have to bet $300 on them to win if you want to land a $100 profit. On the other hand, the positive sign shows the underdog and indicates how much you will get for every $100 that you wager. For instance, if a boxer is priced at +300 and you bet $100, you will get a return of $300, which equates to a $200 profit.
How to Find the Value from Boxing Betting Odds
So, we have just answered the question of how do betting odds work? Now, the next thing that we are going to have a look at is how you can use the odds to determine percentage possibilities.
So, let us say that a fight is coming up and the odds are as follows:
Fighter A: -400
Fighter B: +300
How do you use these odds to evaluate which boxer is the best one to bet on? To put it another way, how do you determine the boxer that has more value? When you are placing bets on boxing, or any type of sport for that matter, you should always look for the value bet. By value bet, we mean a bet where you have a better chance of winning that the odds would otherwise indicate.
Of course, we cannot tell you who to bet on – your own views about both fighters will have to come into the equation, but being able to use qualitative analysis is very important. What you want to ask yourself is, "how much of a chance does each fighter realistically have?"
When you look at the odds for a fight, you can get a good idea as to where the bookie is coming from. When a boxer is given odds of -400, it is basically the same as the Fractional odds 4/1. Here, the bookie is basically telling you that the boxer has four chances from five to win, meaning he has an 80% chance.
When you see odds of +300, like Fighter B has, it does not mean that he has a one in three chance of winning. We are speaking about a 3/1 payoff. So, if you have a 1/1 payoff, you will get even money, meaning that the boxer has as much of a chance of winning as he does of losing. In other words, he has a 50% winning chance. If you move the odds to 2/1, there is double the chance that he loses, meaning his winning percentage drops to 33.3%. So, with 3/1 odds, the boxer will have three times the chance of losing than winning, meaning he has a one in four chance of winning, which is a 25% chance.
Once you have worked out the percentage winning chance of both boxers, you should ask two questions:
Does the boxer who is the favourite (Fighter A) have a higher than 80% chance of winning? If yes, then you might want to bet on him. Does the underdog (Fighter B) have more than a 25% winning chance? If yes, then a bet on Fighter B should be considered.
The Best Boxing Betting Sites
"What do betting odds mean?" If you are ever asked this question by a friend now, you will be able to answer it and share your newfound knowledge. However, we are not finished dishing out the knowledge yet as we are now going to tell you what the best sites are for betting on this great sport.
There are plenty of sports betting sites that will offer markets and odds for all the biggest boxing bouts, but they have not all been created equally. If you are wanting to start betting on this sport, then we recommend you take a closer look at the following bookies:
William Hill
Betfred
Ladbrokes
888sport
Unibet
NetBet
Bwin
Casumo Sports
Grosvenor Sports
Betiton
These betting sites all have attractive bonuses for new bettors and you will not be disappointed by the odds and markets that they have to offer. If you want to find out more about any of these, then head on over to mybettingsite.uk/boxing/ as they have in-depth reviews for all of the bookies that we just listed for you. You can find out all that you need to know about a bookmaker by going through their reviews. By the time you leave their site, we are sure that you will have found the best bookie for boxing betting for you.
The Different Online Boxing Markets
How do betting odds work in boxing? You now know all you need to know about this, so the final thing that we are going to take a look at in this article are the different boxing betting markets that you can put your money on when you are betting on boxing.
Money line
There are three outcomes that are available in a boxing match, and this is Fighter A or Fighter B to win or for the fight to end in a draw. With a money line wager, you are betting on the outcome of this fight. If the boxer you choose wins the fight, you win your wager. If the boxer you choose loses the fight, you lose your wager. It does not come much simpler than that.
Over/under rounds
Alongside trying to predict the fighter that will win a bout, you can also place a bet on the number of rounds that you believe a fight will last for. For instance, the bookie might give you the following odds:
Under 7.5 rounds – -140
Over 7.5 rounds – +120
If you think that the fight will be finished in 7 rounds or under, then you would bet on under. In the above example, for every $140 you bet on under, you will receive $100 back if your prediction is correct. If you believe that the fight will last eight rounds or more, then you should bet on over. In this case, for every $100 you place, you will receive a profit of $120.
In the majority of cases, if you bet on under and the bout ends in the exact round, the 90 seconds will be the first half, while the second 90 seconds is the second half of the round. For example, if you bet if you put your money on 8.5 and the bout ends 40 seconds into round eight, you will win the bet.
Fight Outcome
With this kind of market, you need to predict who will win the fight and how they will win the bout. For instance:
Joe Frazier by KO, TKO, or Disqualification – +150
Joe Frazier by Decision or TKO – +200
Mike Tyson by KO, TKO, or Disqualification – +300
Mike Tyson by Decision or TKO – +450
Round Betting
In boxing, there are two kinds of round betting. First of all, there is round betting, and this kind of wager you have to try and predict the boxer that will win and the group of rounds in which they will win in. For example:
Anthony Joshua – Rounds 4-6 – +700
With this type of wager, you will get $700 if you wager $100 and Joshua wins the fight in either round four, five or six.
The other type of round betting is where you guess the specific round that the winning boxer will win in. Here you will get a lot higher odds than in the grouped round betting market as it is much harder to get correct. Let us give you one more example:
Anthony Joshua – Round 7 – +1800
With this example, if you bet $100 on Joshua to win in the sixth round and he does exactly that, you will get $1800 back.