Most people are familiar with over/under betting in sports, where fans make wagers on the outcome of a sporting event. However, the concept can be applied to mixed martial arts, or MMA for short. If you’re not familiar, here’s a brief history of over/under betting in MMA.
MMA Promoted As A New Breed Of Sport
Mixed martial arts was initially recognized as a legitimate sport in the late 90’s, when the UFC held its first competition in Denver, Colorado. Since then, the popularity of the sport has soared, with UFC events holding numerous regional, national, and international locations.
Along with the growth of the sport came the innovation of new betting markets, as fans sought ways to analyze the fights and find value in wagering on MMA bouts. This was initially spearheaded by Bodog, which established multiple MMA markets, such as the Over/Under on fight outcomes, early rounds, and even individual strikes.
MMA As The Next Big Thing In Sports
Due to its international popularity and growing acceptance within the sporting world, mixed martial arts has largely replaced wrestling and boxing as the next big thing in athletics. Professional teams like the San Francisco 49ers and the New York Jets are even considered to be among the top 10 most popular sports franchises in the world. In fact, MMA is now considered a mainstay of the Olympics, as the sport has been featured in every Games since 2000.
The popularity of MMA has led to the development of many online bookmakers, such as BetOnline, where users can find all the latest UFC events along with daily, weekly, and monthly bets on virtually any topic related to sports.
Why Do People Bet On MMA Matches?
One of the reasons why people bet on fight outcomes in MMA is because of the incredible amount of action that goes on during a typical bout. It’s not uncommon for there to be over 20% betting odds in favor of one fighter, while the opposite betting underdog is favored at less than 5%.
Along with high action levels, mixed martial arts games also contain a large number of knockouts and submissions, which leads to an incredible number of one-sided fights. This makes for some exciting gambling opportunities.
Finally, fights in the UFC tend to be very close in terms of the spread of points, which means there’s a lot of value in betting on these fights. Due to the nature of the sport, points spread tends to be small, which makes for tighter games and more exciting gambling opportunities. For example, at UFC 198, Jon Jones defeated Chael Sonnen in a very close fight, with Jones winning by two points, resulting in a $100,000 payday for the former light heavyweight champion, while Sonnen pocketed $60,000, which is quite a difference considering the points spread between the two fighters was 0.36.