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About Chad Hugo Stephenson

How to win money betting on Boxing

Boxing may finally be about two men standing in the ring, but if it comes to betting on a fight there is a good deal of points to take into account if you would like to win cash. Jack Houghton explains…

Formats and Tournaments
With the virtual disappearance of top-flight contests from terrestrial television in the mid-1990s, boxing became a niche betting game, with most British bookmakers simply pricing up a limited variety of markets on high-profile events between the likes of Naseem Hamed, Joe Calzaghe and Lennox Lewis.

Nonetheless, in the past few decades, together with the continuing success of British fighters like Ricky Hatton, Amir Khan, David Haye, Carl Froch and Ricky Hatton; the wide availability of the very best international pay-per-view spells; and also the achievement of championship formats like the Super Six and the Betfair Prizefighter series; boxing betting volumes have jumped, and the prospective boxing punter has never had much opportunity and choice.

With that opportunity, though, comes increased risk. With so much on offer, it’s simple to bet on bouts where your understanding and insight is lacking, and that’s why, more than ever, the well-informed, educated and savvy boxing punter will enjoy a substantial advantage in markets that are still often dominated by hype and hyperbole above a rational evaluation of boxing chance.

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Most Popular Markets
Match Odds
Round Betting
Method of Victory
Go the Distance?
Tournament Win Markets

Golden Rules
Look for the worth, not the winner
As with betting, long-term boxing profitability can frequently mean eschewing gains. Backing fighters in 1.12 will likely mean you win a lot of stakes, but within a period of months, if those 1.12-shots have to have been longer costs, you will discover that you have lost money. It’s best to ignore the odds until you have decided to prevent this situation. The best way to do this is to consider proportions: of happening what chance does each potential outcome have?

As an example, when Amir Khan fought Carlos Molina at Los Angeles in an effort to re-establish his floundering career, it might have been reasonable to state that Khan has to had an 80% chance of winning that fight: he had a brand new coach that had expressly worked on his defensive abilities and consistency, had fought better competitions, was established in the weight class, and Molina, though unbeaten, hadn’t revealed himself particularly adept at quitting his rivals. Molina, in contrast had a 15% probability of winning, whilst the draw needed a 5% likelihood.

Converting these percentages is straightforward. Dividing one by 0.80 (80 percent ) gives you chances on Khan winning of 1.25, dividing one by 0.15 gives you chances on Molina winning of 6.70, and dividing one by 0.05 gives you chances on the draw of 20.0. Equipped with all the odds you think the many different outcomes ought to be, it’s now time to check at the markets. In this situation, Khan was a considerably shorter price – about 1.10 – which meant the value-savvy punter could have put khan, backed Molina, or abandoned the industry alone. Khan won the struggle with a performance as it occurred, but choosing this strategy is a lot more likely to bring long term gains than simply backing the fighter you believe will win in the possibilities available.

Don’t overestimate form
Humans tend to overplay the significance of events. To borrow the example of economist Ha-Joon Chang, ask most people which invention is more significant, the washing machine or the internet, and most will plump for the latter (Betfair punters especially, no doubt), in spite of the fact that there is a strong argument to say that the availability of cheap household appliances in Western societies meant that women had the opportunity to find paid job: that has had a far more significant effect on society than our ability to place bets on our smart-phones.

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