Boxing is one of the most famous games across the world. The boxing lovers like to place a bet on this game. Before starting betting, players need to understand how odds in boxing work.
After comprehending these boxing betting odds, you can better understand this game. Expressing odds can be very easy. There are 4ideas needed to understand this game.
- Minus sign indicates favorite
- Plus sign indicates the underdog
Using the odds to decide percentage possibilities
When we see 3/1 odds, it indicates that the boxer has the chance of defeating the game rather than winning three times. It means he has a 25% chance of winning the game. If we talk about 1/1, that indicates the fighter has an equal chance of defeating as well as winning the game.
It means the player has a 50% chance of winning and defeating the match. If the odds become 2/1, players have two times more possibility of defeating the match over the winning game. It means the fighter has a 33.3% possibility of winning the game.
Explanation of American odds
The betting odds are provided with the pattern of -150, +200, and +350, it is termed as American odds. This type of odd is used in MMA fights or boxing matches.
The minus sign means that players have to bet to win $100. Similarly, the + sign indicates that the bettor becomes the winner when he places a bet of $100 on that boxer.
Several types of betting odds
This type of odds is alternatively known as a money line bet or money line odds. Most of the games use this type of odds for betting.
Decimal odds are termed European odds, digital odds, and continental odds. This type of odds is used in some specific countries like Canada, Europe, Australia, and many others. It can be said that several decimal odds refer to the whole amount of money players receive for each $1 bet.
While talking about this type of odd, the larger number refers to the underdog and the smaller number refers to the favorite.
This is the most famous oddity in UK. It is alternatively known as British odds, traditional odds, or UK odds.
In the case of fractional odds, players get the profit for each $1 you place a bet. If we talk about fractional odds 5/1, it indicates that players win worth $5 for each $1 player places a bet. The amount of full payout is $6 and the profit is $5. The first stake that comes back is $1.
If we talk about 9/ 2 fractional odds, bettors win worth $9 for each $2 player bet. While talking about fractional odds, the side which is associated with odds of a smaller amount indicates a favorite. On the other hand, the larger number indicates the underdog.
Several types of betting on boxing
This is one of the most famous betting types in boxing. Punters can place a bet on any fighter.
When the fight finishes
Players bet on the game when the time of each round will come to an end.
Stoppage or decision
Punters can place a bet on this betting just by selecting the option either yes or no.