In most sports, you can track the action through statistics. In boxing, things aren’t so simple. You might know how a certain boxer scores his wins, but what happens when he loses? How much should you risk on a fight? Thanks to the wonders of crowdfunding, we have answers. Here’s how betting on boxing works.
The Science Behind The Sport
A huge stigma surrounds betting on boxing, especially when compared to other sports. Most people believe that boxing is a way of life, not a sport. The fact is that boxing is one of the most popular sports, and not just in the U.S. According to the International Olympic Committee (IOC), 12.4 million people around the globe watched the 2016 Summer Olympics in Rio de Janeiro. That’s roughly the population of Germany!
The reason behind boxing’s popularity is its unique combination of violence and entertainment. Think about it: It’s highly unlikely that anyone would get seriously injured while watching TV or going to the movies. For fans, it’s the perfect alternative to attending matches in person. You can also join a gym and train to be the best you can be without risking too much in the process. In the grand scheme of things, boxing is a very safe sport.
The Economics Behind The Sport
There’s also the issue of economic viability. Many people don’t think that boxing is a sustainable form of entertainment, especially since pay-per-view fees and live event ticket prices continue to climb. In 2016, the average ticket price for an NBA game was $114.90 (last year it was $125.00). The average cost for an NHL game ticket increased from $99.99 (2015-16) to $110.45 (2017-18). Even NFL tickets are on the rise, with the average price increasing from $69.99 (2015) to $78.46 (2018).
In the grand scheme of things, boxing is a very expensive sport to follow. With so many injuries, including a high rate of trauma, it’s not hard to see why. You’ll spend a lot of money on medical insurance, hospital bills, and rehabilitation. When you add it all up, it can add up to a lot of money. If you are looking for a sport that you can follow for a long time, boxing is probably not for you. On the other hand, if you are looking for a form of entertainment that won’t break the bank, look no further.
The Math Behind The Sport
This isn’t meant to be an economics class, but it’s important to understand the numbers when considering betting on boxing. When a boxer scores a knockout, he receives a large amount of money, usually in the form of prize money. It’s not unusual for a boxer to receive a check for $100,000 or more for a single fight. If you’re looking to get involved in the gambling world, you need to understand how much money will be on the line. This is especially important if you’re deciding to bet on a fight that has a chance of being settled in favor of the underdog.
Most big-money fights end in a draw, which means that neither boxer won the match. For a fight to end in a knockout, it typically takes one of the following events to happen: 1) A knockdown 2) When the referee stops the fight 3) When time runs out
Let’s look at each scenario and how much money you’ll need to wager.
The Scenario For A Knockdown
The most straightforward scenario to consider is when one of the fighters takes too much damage and ends up on the mat. If this happens in a fight, it’s typically a very quick and painless process for the referee to count the loser out. If you’re a betting man, you’ll want to take this into consideration. If the fight goes the distance and one boxer takes a beating, there’s a good chance that he’ll go down at some point. When this happens, you’ll want to take the situation into account and make a judgement call on whether to continue betting. A knockdown can be a great opportunity to bet on a fight, but only if everything else is going well. You’ll need to consider the size and strength of the two fighters, as well as their coaching staffs. If one of the fighters is a celebrity or a former champion, this could make a difference in how you feel about the fight. It would be best to avoid fights involving these kinds of fighters if you’re looking for financial success. If a knockdown isn’t what you’re looking for, perhaps consider an even matchup or betting on a non-title fight. These are just some of the things you’ll need to think about before betting on a fight that ends in a knockdown. Not all knockdowns are created equal. Sometimes it’s a complete fluke, while other times it’s all about being at the wrong place at the wrong time. To say the least, knockdowns are not something to look forward to.
The Scenario For A Stopped Fight
A boxing match can also be stopped by the referee, which happens when one of the fighters throws a fair and accurate punch and the other boxer doesn’t return blow for blow. As a rule of thumb, if you’re betting on a fight, you’ll want to bet on the boxer who throws the most punches, because he’s the one most likely to win. In many cases, this is the smartest thing you could do, especially if the fight is even in terms of popularity and neither boxer has won a title previously. If you’re a newbie in the sport, it’s best to avoid betting on fights where the outcome is already predetermined. For instance, if the referee stops the fight in the first round because one boxer isn’t going to win, you’ll be wishing you hadn’t bet on the fight in the first place. Sometimes these bouts are exciting and can draw large crowds, but you’re better off avoiding them if you’re looking for financial success.
The Scenario For Timing
Fights can also be stopped by the referee, or by the action of the clock. For instance, if there’s less than a minute left in the third round and the fight isn’t stopped yet, this is usually a bad sign for the gambler. Unless it’s a title fight and one of the boxers has an outstanding chance of winning, you’re better off avoiding betting on fights where the outcome is already determined. It’s also important to consider how familiar you are with the rules of boxing. If you know the rules well, this will make a difference in how you feel about the outcome. Familiarity with the rules of any sport allows you to better understand how things work, which in turn makes you a better judge of whether or not to continue betting. Just remember, if the fight is close and you’re not sure, it’s usually safest to avoid it. This is especially important if you’re new to betting and aren’t sure how the other side bets or how the sport works. In some instances, fights that go the distance can get very exciting, but you’re usually better off avoiding them. They can also become chaotic, which makes it hard to know what’s going on. If you’re not sure, it can be hard to know how things stand. For instance, during a fight between Floyd Mayweather and Manny Pacquiao, the latter suffered a cut that required 40 stitches. After the fight was stopped in the 11th round, the doctors examined the cut and found out that Pacquiao had a broken rib on the right side. This was a result of a combination of two rights hooks by Mayweather. The injury forced Pacquiao to pull out of their next planned match and forced the postponement of their May 3rd bout. While it was a close fight, most experts agree that Mayweather won the round. Pacquiao could have won the round if he landed one more punch. Instead, they had to settle for a draw. Whether or not you agree that Mayweather won the round, it’s important to consider what happened. During a fight between two well-trained fighters, it’s not unusual for the fight to go the distance. Typically, this means that one fighter pulls ahead in the later rounds and eventually wins the fight. Rounds usually go 15 minutes, giving the participants a chance to absorb and return fire. In some instances, this can lead to injuries and a draw. If you’re not sure how things will turn out, it’s usually safest to avoid betting on these kinds of fights. Even in cases where the outcome is predetermined, there’s always the unexpected. Just this past Saturday night (11/16), Andre Berto defeated James Kirkland by a ninth-round TKO. Berto was ahead on the scorecards going into the ninth round. In the previous rounds, “the Father of Boxing” had defeated Kirkland, but it was Berto who came out on top of the latest installment. This is the beauty of sport: nothing is certain except for death and taxes. You might win, you might lose, but ultimately, it’s all about having fun!