Online Boxing Betting
Boxing has always been a discipline that attracted the attention of punters from all over the world. In fact, wagering on boxing used to be more popular than betting on the NFL back in the early 1970s, and even though this is no longer the case, most of the major sportsbooks still offer plenty of opportunities to wager on the outcome of high-profile fights. Quite obviously, heavyweight bouts tend to attract most attention, but thankfully finding a good place to bet on other weight categories isn’t all that hard. In fact, the wagering opportunities available online are virtually endless, which means that whether you’re interested in female boxing or local welterweight fights, odds are high at least some of the sites will have you covered.
Best Sites to Bet on Boxing Online
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Ways to Bet on Boxing Online
As mentioned above, the amount of betting options available to boxing enthusiasts is nothing short of impressive, which means that novice bettors tend to be confused by all the different bet types offered by online bookmakers. Thankfully, learning how to take advantage of basic wagers such as money lines or over/under bets isn’t actually all that time consuming, which means that you should be able to join the action as soon as you finish reading this guide. Obviously, becoming a successful handicapper or figuring out how to profit on parlay bets might take some effort, but even sticking to the basics might be quite lucrative as long as you pick the right underdog from time to time.
Money Line Betting
A boxing match is a contest between two opponents. A money line wager requires you to answer the most basic question one might ask when faced with such a situation: who will win? The common practice is to use $100 to calculate payouts and to indicate the favorite using a minus sign. For example, a -250 line means that you’d have to wager $250 for a chance to win $100. Conversely, the underdog is indicated using a plus sign, so a +150 line allows you to win $150 for every $100 you put at risk. Please note that the numbers can get rather crazy when it comes to lopsided bouts. In fact, it isn’t all that uncommon for the favorites to get into the -2000 range (which means that you’d have to wager $2000 to win $100) and for the underdogs to pay more than $1000 on every $100 you bet. Consequently, betting the seemingly weaker fighter might result in a hefty payout in case of an upset, which is one of the reasons many punters like to wager on the underdogs who have a strong knockout punch.
Over/Under Betting
Unlike in most other sports, over/under bets in boxing generally deal with the number of rounds instead of score cards. Most bouts last between 10 and 12 rounds, so the bookmakers set a total that falls within that range and the punters have to decide whether the fight will be shorter or longer than predicted by the sportsbook’s handicappers. For example, in a 12 round bout with the total set at 7, betting the under is successful if the fight ends before or during the 6th round, while betting the over results in a payout if the fight ends between 8th and 12th round or goes to the cards. It is worth pointing out that all the sports betting sites analyze the track record of both boxers when setting over/under lines, which means that a heavyweight match that involves a contestant with a history of knockouts is going to have a lower total than a fight between two welterweight boxers that have always gone the full distance in the past.
Parlay Betting
Parlay bets are combination bets that involve two or more boxers. What makes them different from placing a corresponding number of individual wagers is the fact that parlays cash only when all the boxers win their bouts. Consequently, parlay bets involve higher risk than money lines and offer higher payouts. Experienced bettors take advantage of this characteristic by parlaying heavy favorites in order to maximize their returns.
Draw Betting
Many online sports betting sites allow their customers to bet on a draw instead of placing their money on one of the contestants. Quite obviously, draws are very rare in boxing, which means that bets of this type are rather risky. Fortunately, the payouts tend to be high enough to warrant taking the additional risk. In most cases, you’ll be able to win at least $1000 for every $100 you invest, which means that betting the draw may be the best option for evenly-matched fights that are likely to go to the cards.
Proposition Betting
Proposition bets are often referred to as prop bets and allow the punters to wager on specific events that can occur during a fight instead of the overall outcome. Popular prop bets include exact number of rounds, whether a given boxer will win via a knockout, technical knockout or decision, the number of knockdowns, or even over/under bets related to the number of punches thrown or the number of punches that landed on target. Generally speaking, the more specific the proposition bet, the higher the payout – but in the end, props tend to vary from site to site, which means that finding something that’d match your needs might require a bit of research.