Boxing Betting Rules
Boxing wagering reached its peak during the legendary Mohammad Ali bout played in Africa about four decades ago. Since then, the betting industry has grown to become a full fledged multi-million dollar empire.
Wagering Rules
The wagering process needs players to take or lay money on their favorite fighter. Players can also place bet on the amount of rounds the fight would last.
For instance,
Muhammad Ali -700
Mike Tyson + 550
Draw + 1200
Here, the negative sign indicates the favorite. Here, Ali becomes seven to one favorite and plus hints at the underdog. So, Mike becomes 5 and a half to one underdog.
In this instance, if you wish to bet on the favorite, you win $ 10 for a total $ 80 payback. If Tyson wins, a $ 10 bet may fetch $ 55 for total $ 65 payback. If the fight ends in a draw, a $ 10 wager may fetch $ 120 for $ 130 payback. If the draw is on the board as one of the wagering options, only those betting become the winners. If betting on a draw is unavailable, whether the bets to win are refunded or not is based on individual bookmaker rules.
One minute and thirty seconds is the exact halfway point of a particular round. So, five and a half rounds become one minute and thirty second of the sixth round.
General Betting Rules
For wagers to have action, all matches need to start within a week of originally scheduled time. Boxing matches are declared official as soon as the first round bell rings. In most cases, if the number of scheduled fight round changes, the bets will be declared as “No Action”. A bettor on a boxer wins by knock out only if the fighter wins by Total Knock out or Knock out.
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