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.
What Do Boxing Odds Mean?
Decimal Boxing 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 Boxing 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 Boxing 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 Bet: this is when you pick the boxer to win the fight. The most popular type of bet, this can still be a bit tricky because of the odds. Boxing’s structure is skewed towards the favourites. You will find many favourites with ridiculous prices like -1000 upwards.
While upsets still happen, it is inadvisable to bet on a boxer just because of their odds. Study each match and boxer intensively before betting.
Over/Unders (Round Totals): this is similar to other sports’ “team totals” like basketball. You pick whether the match will end before (under) or after (over) the oddsmaker’s predicted round total. Unlike MMA that has one set total for the fight (with a few exceptions), big boxing matches usually have a variation on the round totals at different odds.
e.g. If a match is set at 9.5 rounds, it means nine-and-a-half rounds into the fight.
Betting on “under” means the fight ends before the 1:30 mark of the third round while betting on “over” means it will end after the 1:30 mark (since boxing rounds are three minutes)
Method of Victory: this is a popular type of bet for boxing. Instead of just picking which fighter wins, you pick how the boxer wins the fight. Because it is a more specific bet than a straight pick, the odds go down and could be a better bet to make, especially to lessen the price on favourites.
Win by T/KO or DQ: the boxer must win by either knockout, technical knockout or disqualification; this happens via variety of methods:
- when the boxer knocks the other boxer out cold (KO)
- when the other boxer unable to answer the referee’s ten-count (TKO)
- when the referee waves the fight off (TKO)
- when the other boxer’s corner throws in the towel (TKO)
- when the other boxer gets injured or ruled out of the fight in between rounds (TKO)
- when the other boxer is disqualified (DQ)
Win by Decision: the boxer must win via judges’ scorecards; whether it’s a unanimous decision, split decision, or majority decision, as long as it’s by decision, the bet cashes. In some cases, you can bet on each of these specific types of decisions at much more lucrative odds.
Round of Victory: another popular bet type, this one deals with when a boxer wins the fight and in most cases it is about which round they win. How specific this bet is depends on what the sportsbook offers. Here is a list of common formats for this bet:
- Boxer wins in Round 1
- Boxer wins in Round 1-3
- Boxers wins in 0:00 to 1:00 of Round 1
Parlay: a parlay is when you combine two or more bets together in a single bet. It can be a mixture of any kind of bet (i.e. straight bet, method of victory, round totals etc.) Doing this exponentially increases the odds with each subsequent bet added. However, all bets in a parlay must win to cash the bet. If just a single bet loses, the parlay loses.
Here are examples of parlays:
Anthony Joshua (-1075), Naoya Inoue (-2500), and Oleksandr Usyk (-714), yield new odds of -338 in a three-team parlay
Joshua vs Povetkin over 8.5 rounds (+145) and Groves wins in round 7-9 (+800) in a two-bet parlay pays out at +2105.
Not all books have the same rules or payouts for parlays. Some don’t allow parlays with props and some allow a maximum parlay size (no more than a specific number of bets in a single parlay). Be sure to check each sportsbook to see which ones give the most leeway.
How To Bet
- Go to Sports Interaction
- Find “Boxing” on the left-hand panel
- Select Boxing
- Pick Your Boxers/Bets