Boxing and betting go hand in hand for ages, maybe a little too closely at times. In the early 1970s, betting on boxing was more common than betting on the NFL, however, allegations of fixing fights and horrendous judge’s decisions turned many people away from the wagering aspect of the sport. For the most part, however, boxing has been doing a good job in trying to regain public confidence in the integrity of the sport.
Boxing uses the money line and is quite straight forward in regards to betting, as the odds will be given next to each boxer’s name. The odds on a hypothetical boxing match is like:
John Smith -200
Pete Brown +150
Bettors who bet on Smith need to risk $200 to win $100, whereas bettors who bet on Brown are asked to bet $100 to gain $150. Those bettors that believe the fight will end in a draw have to risk $100 to gain $2,000. It is crucial to note that you do not have to bet $100 to win $150, you can risk $20 to get $30, but money line odds are given in terms of $100 bets.
On boxing bets, your fighter must win the fight or you lose your bet. If the fight is declared a draw, bets on both fighters are declared losers and the bookmakers, as well as any bettors who bet on the draw, are very happy.
It is important to note that if the fight you are wagering on does not have the option of betting on a draw and the fight ends in a draw, all bets are refunded, since it is considered as a tie bet in other sports.
Boxing Proposition Bets
Because many fights figure to be pretty one sided, the bookmakers will generally come up with some proposition bets on major fights. The most common of these is the over/under for how long the fight lasts. The bet works in the same way as an over/under bet in other sports, but rather than betting there will be over or under a certain number of points scored, you are wagering over or under a certain number of rounds taking place. Such a betting proposition would be like this:
Over 6 full rounds -140
Under 6 full rounds 120
If you bet over the six full rounds, you will win your wager as long as both fighters are in the ring for the start of the seventh round. If you bet on the under six full rounds, you will win your bet provided the fight is stopped anytime before the bell signaling the end of round No. 6. If the fight is stopped between the end of the 6th round and the beginning of the 7th round, all over/under bets would be declared losers and you will have another case of very happy bookmakers.
The other main proposition bet for boxing matches is betting which fighter will win by a stoppage or knockout. Using the John Smith vs. Pete Brown fight from above, we could expect to see odds like:
John Smith by KO or stoppage -110
Pete Brown by KO or stoppage +200
For this wager, Smith backers will only win their bets if he scores a knockout or the referee stops the bout and declares him the winner. If Smith wins the fight by decision, his backers will lose the bet, as he didn’t win by KO or stoppage.
The same situation applies for those who bet on Brown, where he must win by knockout or stoppage, as opposed to winning by decision.
Now you get the basics of betting on boxing. Perhaps the next time a fight comes along, you will be able to deliver a knockout punch to your bookmaker by picking a winner.