In boxing, as in so many other sports, gambling has always been a part of the game. When you purchase a ticket to a fight, you’re essentially investing in the outcome of the match. However, recently the landscape of gambling in boxing has changed. Thanks to the spread of smartphones and the growth of the online gambling market, there are now more options for bettors. Here’s how round betting in boxing works.
The Growth of Online Gambling
Thanks to the prevalence of smartphones, many people now have access to the world of online gambling. For those who want to bet on sports, the options are endless. If you have an Apple or Android device, you can download apps that connect you to the full range of betting destinations available on the web. For those who use desktop computers, there’s also a wide range of legal online gambling options that offer pretty decent odds.
The presence of these options has undoubtedly driven down the appeal of traditional sportsbooks. These are the sorts of places you’d typically find yourself in a casino or a betting shop, placing your faith in the honesty of the dealers and the skill of the players. While some individuals may still turn to these traditional betting outlets for their sports betting needs, the options they offer nowadays are pretty limited. What’s more, many of these traditional outlets have started blocking certain types of online gamblers due to the risk of fraud.
The Rise of Mobile Gambling
Smartphones have taken over our lives, and not just because they make life easier. They’ve also taken over our entertainment choices. With the right apps and games, it’s now possible to have a full-blown mobile casino on the go. While this has certainly driven down the demand for traditional desktop casinos, it has simultaneously opened up the world of online gambling for anyone with a smart device.
Since the launch of the Apple App Store, which made it easy for developers to create mobile casino apps, the sector has taken off. According to Statista, there were about 15 million downloads of mobile casino apps globally as of April 2021.
Round Betting Explained
Betting on the outcome of a sporting event or a movie is one thing, but what exactly is round betting? Simply put, it’s a type of wager where the gambler makes multiple bets on the outcome of a single event. This is usually done in the form of parimutuel betting, where all of the bets are placed simultaneously and then paid out according to the winning combination(s).
Let’s examine the concept of round betting in more detail.
Why Would You Want to Bet On A Round?
Often when you place a wager on the outcome of a sporting event or a movie, the event will end in a clear winner and time will stand still as the crowd erupts into wild celebrations. The reality is, much of the time this doesn’t happen. When this does happen, it makes for an extremely exciting and emotional experience for the bettor. However, if you want to make sure you’re maximizing your opportunity to reap the benefits of these amazing celebrations, you need to bet on rounds. Why? Let’s examine some of the situations where betting on rounds makes more sense:
When You Need To Gamble On A Few Events
If you want to bet on the outcome of a few events, it’s usually best to bet on rounds. For instance, if you’re going to be wagering on the Super Bowl this year, it’s probably best to bet on the round rather than individual games. Why? When you bet on an entire round, your money will be on the line for every match, regardless of whether or not your pick wins. This is in contrast to placing a wager on just one game, where you might lose a little bit of money on a loss but aren’t truly risking anything. Of course, there are exceptions to this rule, but in general, you typically won’t lose money betting on rounds.
When You Need To Gamble On A Popular Event
If you want to bet on the outcome of a popular event, this is usually best done on rounds. Why? Due to the nature of these types of bets, you’re usually required to make the wager before the event takes place. So if you want to place a wager on the World Cup in 2022, it’s probably best to do it in 2021. That way, you’ll be sure to be on the right side of the betting action. What’s more, by placing a round bet, you’ll usually be placing a bet on the outcome of multiple games. So, while you may lose a little bit of money on a loss, at least you’ll be in the right place at the right time to make the most of it.
When You Need To Gamble On A Longer Time Frame
If you want to bet on the outcome of a longer time frame than a single event, this is usually done on rounds. For example, if you’re going to be wagering on the World Cup in 2023, it would probably be best to bet on the round rather than individual games. Why? The same as the situation described above, you’ll be in the right place at the right time by placing a round bet. In addition, if you place this type of bet on a sporting event like the World Cup, your money will be on the line for the majority of the tournament, regardless of whether or not your picks come true. This adds an additional layer of excitement to an already high-stakes scenario.
How Do You Calculate The Odds?
When you’re calculating the odds of a particular bet, the first thing you need to do is assume both sides are even. This is usually done by calculating the fraction of each side’s money placed, then adding those numbers together and dividing the sum by two. For example, if you’ve got $5 on the winning team and $10 on the other, the odds would be 10 to 5, or 1.67 to 1.
In sports gambling, if you’re placing bets on individual games, the favorite usually takes on a -140 betting line. This means you’ll need to bet $140 to win $100. In the same situation, but with bets on rounds, the favorites will see a -160 betting line, or you’ll need to bet $160 to win $100. This is just a guide to help you understand the odds and how they work, but remember there are no guarantees when it comes to gambling.
Thanks to the prevalence of smartphones and the growth of the online gambling sector, more individuals have access to sports betting than perhaps ever before. With new opportunities opened up by online gambling, the appeal of sports betting is reaching new heights. For those who want to try their hand at gambling, there are plenty of legal online gambling options that adhere to responsible gaming practices. With the right information and proper guidance, it’s now easier than ever to place a wager on sports and enjoy the benefits that rounds have to offer.