We assume that boxing is one of the most popular sports in the world – both for watching and wagering. Millions of people worldwide enjoy the excitement of placing stakes on boxing.
You can use many popular wagering types, but a knockout bet is one of the most commonly used. In this article, we will look closely at what knockout bets mean alongside other popular types and strategies you can use to increase your odds of winning.
How Do Boxing Bets Work?
Reliable betting sites will allow you to wager on different outcomes in any boxing event. You can wager on whom you think will win the match, how the boxer receives the victory, how long the match lasts, etc.
To start betting, choose a reliable and licensed online bookie, complete the registration process, make your first deposit, and start the process. There are only a few boxing events throughout the year compared to other sports, but when they occur, they consistently satisfy.
Knockout Bets: Why Are They So Popular?
First, before knowing all about knockout bets, you need to know precisely what knockouts represent in a boxing match.
The definition is relatively simple – a boxing match will end in a knockout when one of the boxers is knocked down, and he cannot get up by the referee’s count to 10.
It is vital to distinguish between a knockout and a technical knockout (TKO). The latter occurs when one of the competitors is deemed unfit and unable to continue with the match after sustaining an injury.
The boxer can also decide to finish the match when he thinks he is unwell. Apart from the referee or the fighter, the ringside physician can also deem the boxer unable to continue the fight.
As you can see, both scenarios imply a win for one of the boxers, but the KO brings more excitement and a more conclusive result.
Therefore, you never know when a boxing match can end, which is the beauty of knockouts. Betting on it means that you can win your bet even within seconds of the game starting.
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Knockout Odds Explained
Before considering placing knockout bets in boxing events, you should understand exactly how odds work. They represent the ratio or the chance of a knockout occurring during the game.
The logic here is straightforward – the higher the odds, the lesser the possibility of a knockout, but the potential payouts will be more significant.
With that in mind, depending on which online bookmaker you choose, you may encounter three types of odds:
- Fractional – sometimes referred to as British odds, and they are self-explanatory. They are written as a fraction, such as 3/1.
- Decimal – most commonly accepted by bookies worldwide, as they represent the amount you can win with a $1 wager. For example, the odds for a knockout may be 3.15, so you will win $3.15 with a $1 wager.
- American – also known as money line odds, they have a plus or a minus sign in front of them. The first represents the lower possibility of a knockout, with the latter being the opposite.
It doesn’t matter how you see the odds in a bookie; they all represent the same thing at the end of the day. Since a KO does not happen very often in boxing, you can see why the odds for that are usually very high.
Strategies You Can Use on Knockout Boxing Bets
Knockout bets can be very lucrative, but you need to know what you are doing if you are to have any chance of making a profit. You will notice that most of the time, there is a clear favourite in the game, so you won’t make much of a profit if you just back him to win.
Betting on a knockout can sometimes land you hefty prizes, but that doesn’t mean you should always utilise that option. We can recommend some guidelines you can follow when making your next knockout bet:
- Research and analyse boxers: Studying the fighters is crucial for any bet type, especially knockout ones. Look at their knockout rates, how they have previously coped with each other, etc. That is how you can make much more informed decisions.
- Use live bets: If you intend to follow the boxing match closely, we recommend occasionally trying a live knockout wager. You might see that one of the contestants gets tired and lets in more punches while the other gains more momentum. Here, you need to be very quick with your decision-making.
- Focus on what you know: You might sometimes need to comply with your gut feeling, but nothing often overcomes well-informed stakes. Therefore, only place wagers like this if you have done your research.
- Control your budget: This is the golden rule all bettors need to follow when placing boxing bets. You need to know how much you can afford to wager and always stay within that limit. It is the only way you will keep betting on boxing, a pleasant pastime activity, nothing more.
Even though none of these strategies will guarantee you to win, it doesn’t hurt to have a pattern in your wagering activities. Placing blindfolded punts will almost always end in a loss, so follow the tips above for a better chance of making a profit.