- Gain more knowledge with how to bet on boxing with this boxing strategy guide.
- Know how to read boxing odds and understand the moneyline.
- We explain the numerous ways you can wager on boxing prop bets.
Betting on boxing has become increasingly popular over the past few years, thanks to a renaissance of the heavyweight division and big marque events. In 2017 the second most popular betting event was Floyd Mayweather vs. Conor McGregor.
Audiences were captivated when a two-time UFC champion took on an undefeated (50-0) boxer. Vegas would have taken a historic loss if McGregor had of knocked out Mayweather, as the majority of the bets were from casual fans hoping the Irishman could overcome the odds.
Now that boxing has had a resurgence many are looking to capitalize on one of the first major sports that got people betting. Dating back to when boxing began in the 1700’s the two have always went hand in hand.
Understanding The Moneyline
Saul “Canelo” Alvarez (-300) vs. Daniel Jacobs (+225)
The above example is what we will use to easily explain how the moneyline works. In this boxing match Canelo Alvarez is assigned odds of -300 and his opponent Daniel Jacobs odds of +225. Before you choose a side to wager on, you should carefully evaluate the value of the two contenders.
In this example, Canelo is the clear favorite according to the oddsmakers at Betting Insider Journal. He has higher chances of winning, earning you $100 for a $300 stake whereas the odds assigned Jacobs indicate he is an underdog.
As such, his chances of defeating Canelo are smaller but he can earn you $225 with a $100 bet. It is important for bettors to understand the value of these betting lines before they place a bet.
Boxing unlike other major sports doesn’t have a season. Fights are announced on a regular basis and bookmakers will release the odds sometimes before the official announcement, so bettors can take advantage of these opening odds before the masses wager money on valued underdog.
For example the rematch between Tyson Fury vs Deontay Wilder is yet to be announced but here are some rumoured opponents, meanwhile this hasn’t stopped bookmakers already listing betting odds for Fury vs. Wilder 2.
Betting Boxing Explained
Once you get the hang of it betting on boxing its just like riding a bike! There tends to be a select few markets to bet on, they are as follows:
The Outright Winner market gives you three possible outcomes. Using the example above you could pick either Canelo to win, Jacobs to win or a Draw.
Method of Victory
This is a common bet to make in boxing. Instead of predicting just who will win the fight, you can predict how the fight will end.
Let’s use the same Canelo vs Jacobs example. Instead of betting on Canelo to win (-300), you could bet on Canelo to win by knockout (-100). This gives you a bigger return for picking a more precise way of the fight ending.
These are the three main ways for a method of victory they are: Stoppage, Decision/Points or Draw.
The odds for picking a specific round are huge as the probability outcome is very unlikely. Most sportsbooks will give generous odds such as 15/1 for Canelo is knockout Jacobs in the first round.
Betting Insider Journal Tip: It’s worth picking and more realistic to bet on a set of rounds you expect your selected fighter to win in. For example Canelo may stop Jacobs later in the fight and win in-between rounds 7-9 or 10-12.
Nearly every sportsbook offers over/under bets, which are wagers on how long a fight will last. The over/under betting works the same way as the moneyline. For example if you noticed both boxers are known for going to the distance, then you would likely wager money on the over at 10.5 rounds.
Over 10.5 Rounds (-120) / Under 10.5 Rounds (-120)
Group Round Betting
Group Round Betting is an option from certain sportsbooks, basically if you believe Daniel Jacobs will dominate the first 1-3 rounds on the judges scorecards, then you can bet on this. The remainder of the fight will not have any effect on your bet, even if Jacobs went on to lose.
Now that you are more confident after using this boxing betting guide. It’s vital that you find a reputable and highly rated sportsbook, one that is diverse and covers as many betting markets as possible.
The Bottom Line
Knowing how to read boxing odds is essential help for your betting strategy. 2020 is set to be another huge year for boxing with plenty of betting underdogs and favourites to wager on. Keep in the loop with all the latest boxing odds and predictions here. Then once you have a gameplan select a recommended boxing betting site from our list of sites.