Boxing Betting Odds
The art of boxing is one of the most popular sports globally. Moreover, it has been for a long time. Boxing betting odds are available at almost every major bookmaker in the world. Also, boxing betting is very similar to football betting. This is in terms of how you place your bets and what kind of odds you can get on different outcomes. Learn more about boxing betting odds below
How betting odds in boxing work
Boxing betting odds represent the probability of each possible outcome occurring in a boxing match and can be expressed as numbers that range from 0 to 100.
A reliable US sportsbook will set the initial betting line based on how likely they believe it is that each fighter will win. They then take bets from people who believe one fighter will win over another or that the fight will end in a draw. If there aren’t enough bets on one side, they’ll adjust their lines to attract more action. Once the fight is over, all bets are settled. This is by matching the amount of money bet on each side with funds held in reserve by the sportsbook. For example, if you bet $100 on Mayweather and he won by decision, you’d get back $200.
The sports betting site keeps track of wagered money on each fighter using pari-mutuel wagering systems that allow them to keep a percentage of all bets as profit.
Boxing bets with different betting odds
There are many ways to bet on boxing matches. However, here we’ll be focusing on some of the more popular bets you can make on boxing matches at the leading sports betting apps in the states.