Betting on the Fights
It can be argued that there’s no better sport to bet over boxing, or more to the point, no sport that lends itself to betting quite like boxing does. Obviously, one of those reasons could be that the sport was essentially created for the purposes of betting, and indeed, the revenues generated from early battles (going back into the bare-knuckle era) came chiefly through the quantity in betting”action.”
Through time, oddsmakers have invented new and unique ways for people to wager on pugilism, such as over-unders, KO propositions, and round gambling. If you believe yourself to be a specialist in the fights, this could present a tremendous opportunity for you!
BoxingInsider.com’s Guide to Betting the Fights
By Charles Jay
Everything you want to know right from the beginning; everything you need to know before you ever bet on a fight, is what the odds mean. Not just that, but what they signify.
Let us say you are faced with the next proposition on a fight:
Fighter A -400
Fighter B +300
So what exactly does this mean? Well, if you see the minus symbol, you’re going to be LAYING money on that aspect of this two-way proposal, thus you’re likely to be risking an amount that is higher than the amount that will make concerning gain by winning.
In the instance of Fighter A, the purchase price of -400 implies that for each dollar you want to WIN, you will have to risk four dollars. Therefore, in the event that you bet $400 on Fighter A, you will win $100 gain (and get back your $400 original bet) if you win. Yes, Fighter A would be the”favorite.” Whatever the quantity of your wager, it is going to yield a gain that is four times less. So a $100 wager will bring a gain of $25.
Fighter B is the “underdog.” And in this instance you’ll get a return that’s proportionately higher than the sum of money you’re risking. The plus sign shows us (except in the instance of +100, which even money) that you’re TAKING a price. This is the +300 implies that for every dollar you risk you’re going to gain three dollars. Let’s make sure we are clear on this; it doesn’t mean that you just bet a dollar and return 3 dollars. It means that you just bet a dollar and return 3 dollars PLUS your initial wager.
One thing to take note of: Simply because there is a minus sign in front of a price does not necessarily signify that the fighter is your favorite. In the case of this so-called”pick’em” fights, a sportsbook would constantly make you lay a cost on BOTH fighters, therefore It May look like this:
Fighter A -110
Fighter B -110
Or, sometimes among the fighters might be a slight favourite, in which case It May look like this:
Fighter A -115
Fighter B -105
The reason for this, of course, is the sportsbook would like to carve out an advantage for itself. So you are not going to be compensated at”authentic” odds. Indeed, if there were true chances on a pickCeltics struggle, both fighters could be costly at even cash (+100). If true odds existed in the very first example, one fighter could be -350 while the other could be +350. That is to say, the amount would be right in the center of -400 and +300.
For purposes of conversation, if you wanted to express what the chances were on a fight like that were using only one number, you’d say that is”7/2″ in favor of Fighter A; 7/2 switching to a +350 payoff, even though that cost doesn’t signify what you’d find on each fighter.