What is Boxing?
Boxing is one of the all-time classics. Despite all the naysayers and the existence of MMA, the sport continues to endure. Its stars still continue to draw the most lucrative box office figures. And the sport will always have its fair share of enthusiasts. But most importantly, it is a staple among sports bettors.
See below the top sportsbooks where you can wager online and choose the best one for you:
What Do Boxing Odds Mean?
Decimal Odds (European):
This is the popular format for Canada (e.g. 1.65, 3.5); these decimals indicate the ratio of the payout amount including the bet that is made. Thus, they are plus-one to their fractional counterparts.
If you bet $200 on Floyd Mayweather Jr. who is a 1.65 to defeat Manny Pacquiao, you simply multiply your bet to determine your potential winnings. See the example below:
Wager x Odds – Wager = potential winnings
e.g. 200 x 1.65 = 330 – 200 = $130 (your potential winnings)
Moneyline Odds (American):
These odds appear as a minus number (-800) to indicate a favourite or a plus number (+500) for an underdog. These figures are based off a standard $100 wager.
The minus number shows how much you have to bet to win $100. So if Anthony Joshua is -265 to win, it means you have to bet $265 to win $100.
Consequently, a plus number shows how much you win if you bet $100. So if Deontay Wilder is +225 to win, it means a $100 bet could earn you $225.
To calculate your potential winnings use these formulas:
For Minus Numbers/Favourites:
Wager / Odds x 100 = potential winnings
e.g. 100 / 265 x 100 = $37.73 (your winnings)
For Plus Numbers/Underdogs:
(Wager x Odds) / 100 = potential winnings
e.g. (50 x 225) / 100 = $112.50 (your winnings)
Fractional Odds (British):
These are the oldest types of odds and are still popular in the United Kingdom. The denominator or the second number (to the right) is the amount bet and the numerator or the first number (to the left) is how much is won with the amount bet.
If Canelo Alvarez is 7/10 to win, it means for every $100 wagered, the payout is $70.
Here is a formula to help calculate how much you could win:
Wager x (n/d) = potential winnings
n = numerator (the left number in the fraction)
d = denominator (the right number in the fraction)
e.g. 350 x (7/10) = $245 (your potential winnings if you wager $350)
You can change the odds format in all sportsbooks you come across. But it’s best to learn about all the formats and the formulas for calculating your potential winnings to make betting easier and more fun.
Different Ways to Bet on Boxing
Straight Pick: the bread-and-butter of UFC/MMA betting. Pick the fighter to win the fight. It’s that simple. However, because not all fighters are equal, the odds will reflect differently per fighter. It becomes more of a strategy on finding which fighters are worth betting relative to their odds.
Over/Unders (Round Totals): this is MMA’s version of team totals in other sports like football and basketball. The oddsmaker sets a total amount of rounds (usually 2.5 in a three-round fight or 4.5 in a five-round fight) and you pick if the fight will end under or over the round total.
e.g. If a fight is set at 2.5 rounds, it means two-and-a-half rounds into the fight.
Betting on “under” means the fight ends before the 2:30 mark of the third round while betting on “over” means it will end after the 2:30 mark (since UFC/MMA rounds are five minutes)
Method of Victory: this is one of the most popular prop bets for UFC/MMA. It is a more specific version of the straight pick since it involves how the fighter wins the fight. In order for the bet to cash, the fighter must win exactly based on the conditions:
Win by T/KO: the fighter must win by either knockout or technical knockout; this is ruled when the fighter knocks the other fighter unconscious, or the referee stops the fight due to strikes (no submitting), or the other fighter gets injured or ruled out of the fight in between rounds.
Win by Decision: the fighter must win via judges’ decision; this can only happen if the fighter doesn’t knockout or submit the opponent.
Round of Victory: in contrast to Method of Victory, this bet involves what round the fighter wins the fight.
Since MMA is an unpredictable sport, upsets happen often. Even with how carefully analyzed the sport is now, there is no such thing as a “sure bet.” There are other ways to manipulate the odds and get better returns.
Parlay: a parlay is when you bet on two or more bets together in a single bet. It can be any type of bet (i.e. straight bet, prop, over/under) Doing this makes the payout better and is often a strategy used by bettors when betting on multiple favourites as opposed to betting them individually.
Here are some examples of parlays:
Tony Ferguson (-355) and Sean O’Malley (-325), when put together in a parlay is -148.
McGregor Wins by T/KO (+180), Volkov vs Lewis Goes to Decision (+160), and Anthony Pettis (+245) in a three-bet parlay pays out at +2412.
Adding a bet increases the odds exponentially but it also makes winning the bet even harder.
This is a calculated risk as all bets in a parlay must win or the bet is lost. Even if just a single bet fails to win (a loss or a push), the entire parlay loses.
Placing a parlay bet differs per book. Some books only allow a maximum amount of parlays. The payout is also different. Check each sportsbook to compare.
How To Bet
- Go to Sports Interaction
- Find “Boxing” on the left-hand panel
- Select Boxing
- Pick Your Boxers/Bets