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How to win money betting on Boxing

Boxing may ultimately be about two guys standing toe-to-toe from the ring, but there is a lot of different things to consider if you want to win 37, if it comes to betting on a fight. Jack Houghton explains…

Formats and Tournaments
With the virtual disappearance of all top-flight contests from terrestrial tv in the mid-1990s, boxing turned into a market betting sport, with most British bookmakers simply pricing up a restricted variety of markets on high-profile events between the likes of Naseem Hamed, Joe Calzaghe and Lennox Lewis.

Nonetheless, in recent years, with the continuing success of British boxers like Ricky Hatton, Amir Khan, David Haye, Carl Froch and Ricky Hatton; the broad access to the very best international pay-per-view bouts; and the success of tournament formats such as the Super Six and the Betfair Prizefighter series; boxing gambling volumes have jumped, and the prospective boxing punter has never had so much opportunity and decision.

With that chance, though, comes increased risk. With so much on offer, it’s easy to bet on bouts where your knowledge and insight is lacking, and that’s why, more than ever, the educated, disciplined and savvy boxing punter will benefit from a substantial advantage in markets that are still often dominated by hype and hyperbole above a rational evaluation of boxing possibility.

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

Golden Rules
Search for the value, not the winner
As with long-term boxing adulthood can often mean eschewing short-term earnings. Backing fighters in 1.12 will probably mean you win a lot of bets, but within a few months, even if those 1.12-shots should have been longer costs, you’ll find that you have lost money. Till you have determined in your head what those odds should 30, to avoid this scenario, it’s ideal to ignore the odds. The very best way to do so is to consider percentages: what chance does every outcome have of happening?

For example, when Amir Khan fought Carlos Molina in Los Angeles in an effort to re-establish his floundering career, it may have been reasonable to say Khan should had an 80 percent chance of winning this fight: he had a new trainer that had worked on his defensive skills and consistency, had struggled better opponents, was more established in the weight class, and Molina, although unbeaten, had not shown himself especially adept at stopping his rivals. Molina, in contrast, perhaps had a chance of winning, although the draw had a likelihood.

Converting these proportions is straightforward. Dividing one by 0.80 (80%) gives you odds 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 odds on the draw of 20.0. Equipped with the odds you think the outcomes ought to be, it is now time to look at the markets. In our situation, Khan was a much shorter price – around 1.10 – that meant that the value-savvy punter could have laid khan, backed Molina, or left the industry alone. As it happened, Khan won the struggle with a disciplined performance, but taking this strategy is a lot more likely to bring profits than simply always financing will win in the paltry possibilities available.

Don’t overestimate form
Humans tend to overplay the importance of recent events. To borrow the example of economist Ha-Joon Chang, ask a lot people which innovation is more important, the washing machine or the internet, and the majority will plump for the latter (Betfair punters especially, no doubt), even though there’s a strong argument to say that the availability of cheap household appliances in Western societies meant that girls had the time to find paid employment: which has had a far more significant effect on society than our ability to put bets on our smart-phones.

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