Did you know that nearly one out of five U.S. adults betted on sports at least once a month in 2021? That comes out to nearly 60 million people. With numbers like that, you might not be surprised to know that there are different ways to bet.
Many Americans bet on boxing, especially the major title fights. Read on to learn more betting strategy tips to help you succeed on your next wager.
Strategies for Your Next Bet on Boxing
The growth of gambling websites provides the opportunity to bet on boxing online. With the increased opportunities, you can bet in different ways. If you’re ready to get started, you can get free sports picks here.
1. Bet on the Moneyline
The most basic form of betting on boxing is to bet the money line, choosing who will win the fight. This isn’t just a case of picking which fighter will win as the amount of money you can win depends on the line.
The fighter favored to win will have a minus sign in front of a number greater than 100. That means you must bet that number to win $100. The underdog will have a plus sign, which indicates the amount of money that betting $100 will win you.
Many fights feature large money lines, where an underdog may be +500 or greater. This represents a large payout but the odds of this fighter winning are long. If you plan to bet the money line on a heavy favorite, you will need to invest a large amount of money to see a return.
2. Bet the Over/Under
If you prefer a boxing betting strategy that is more conservative than the money line then you may try taking an over/under bet. This is betting on how many rounds the fight will last. While the reward isn’t nearly as great as an underdog winning a match, the odds are much closer, often around +/- 100-150.
3. Prop Bets
A prop bet is a bet that isn’t based on who wins the fight. Prop bets vary by the fight and can even include items that aren’t associated with the contest. Typical props for betting on boxing may include how the fight will end, what round it will be stopped, or whether or not it goes the distance. The odds and potential payouts for these bets vary greatly.
Other Factors to Consider
Before making a bet on boxing, you should consider several factors. The first factor is the two fighters themselves and how they matchup. Some items that you may want to research and consider include:
- Reach advantage
- Left or right-handed
- Overall record
- Record against similar opponents
- How often a fighter has gone the distance
The next factor is the referee and the judges of the fight. While this data may not be as empirical as that of the fighters, it can be helpful. You should look for past involvement by these individuals with the two boxers and how they have performed.
A final factor to consider is the intangibles of both fighters. These will vary with each bout. Some examples may include a fighter who has struggled with cutting weight or who has had a recent tragedy away from the ring.
Are You Ready to Bet on Boxing?
Now that you about the different strategies to bet on boxing, what are you waiting for? Before you make a bet, you should consider the level of risk you are willing to accept and carefully consider all the factors. If you liked this article, check out our blog for more great content.
