Boxing was the most popular sport for betting during most of the 20th century. Although wagering on other sports topped it in the meantime, boxing still has many fans nowadays. Bettors enjoy predicting who will win the fight in the ring.
Add the fact that players have more matches and wagering options available than ever, and you understand why the sport enjoys great popularity. If you’d like to learn how to bet on boxing, our guide reveals all the details that beginners should know!
4 Steps to Placing Your First Boxing Wager
If you have a huge interest in the sport but no previous wagering experience, you’ve come to the right place. We’ll guide you through the whole process. Before placing your first bet on boxing, it’s vital to pick a reputable sportsbook.
Most large betting sites offer boxing among the available wagering markets. Apart from having a valid license and being available in your location, the platform should have a tempting bonus structure. You can also look for a provider that offers other online gaming options for a more diversified experience. For example, Ybets provides a combo of a sportsbook and casino. Using Ybets promo code allows you to bet on box and other sports with an increased bankroll.
Once you pick a sportsbook, follow these steps to place your first wager:
- Sign up for an account. Find the “Join Now” or another button that loads up the registration form. Follow the instructions and enter valid details to finalize account creation.
- Load up your balance. Most sportsbooks let you choose from multiple payment methods. These include credit and debit cards, e-wallets, prepaid vouchers, crypto, etc. Pick the one that fits your preference and add funds to the account.
- Navigate to the sport’s markets. If you check the main menu, you should see a list of all sports. Browse and enter the Boxing section. Check out the available fights and offered wagers.
- Place your boxing bet. You should confirm the desired wager and enter the preferred stake. Finally, authorize the bet placement. The platform will process the wager in seconds and send a confirmation.
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Different Types of Boxing Bets
The basic wager is predicting the outright winner. The victory method, total rounds, and other factors are irrelevant. You select a fighter to wager on, and if they win, your bet is successful. Online betting on boxing has taken wagering on this sport to a whole new level. It unlocked numerous other markets and wagering opportunities. Here are some interesting betting options:
Victory Method
You can predict that one of the fighters will win the fight by a knockout. It could be an actual knockout when the referee counts to ten, and the other fighter can’t get up on their feet. A technical knockout occurs when a fighter’s corner throws in the towel or the ref stops the fight believing a boxer’s safety is compromised. The third option is for a fighter to win by the judges’ decision. It happens when they finish all 12 rounds without a clear winner. The judges decide who wins the fight and whether your bet is successful.
Round and Group Round Betting
Players can also try predicting in which round a fighter will win. For example, you could bet that Tyson will beat Holyfield by knockout in the third round. That offers a higher profit than choosing the outright winner, but the bet is riskier. Another alternative is group round betting. You could wager that Tyson would win in “rounds 1-4.” If he emerges victorious in any of the initial four rounds, your bet is successful. There’s also an Over/Under bet on how long the fight would last. It offers wagering on whether the bout will last longer or shorter than the specified number of rounds. Finally, you could bet the fight would “go the distance.” It means that the fighters will complete all 12 rounds.
Boxing Betting Odds Explained
After seeing the available offers, it’s important to understand the expected winnings. That’s why you will ask – how do boxing odds work? The odds can be fractional or decimal, and here’s an example of wagering on the outright winner:
Match Winner
Fractional Odds
Decimal Odds
Moneyline
Mike Tyson
1/5
1.20
-500
Evander Holyfield
9/2
5.50
+450
The odds actually show that Tyson is the favorite. The bookmakers believe he has about an 83% chance of winning the bout. If you check the fractional odds, they show you need to wager $5 to profit $1 (the total win would be $6). And if you choose Holyfield, wagering $2 will yield a $9 profit, so the total win would be $11.
Understanding boxing odds in decimal numbers could be even easier. These provide a simple way of calculating the total win by multiplying the wager with the odd. If you bet $5, you’ll get 5×1.2=$6, under the condition the bet has a successful outcome. For Holyfield, you could get $11 if you wager $2 since you multiply 2×5.5=11. The moneyline odds, which some also call American, distinguish the favorite and the underdog. Tyson has a minus sign as the favorite. The “-500” estimation means you need to deposit $500 for a $100 profit. And for Holyfield, your profit for betting $100 would be $450.
