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How to win money betting on Boxing

Boxing may be about two guys standing toe-to-toe from the ring, however there’s a lot of things to take into account if you would like to win money when it comes to betting on a struggle. Jack Houghton clarifies…

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

However, in recent years, with the continuing success of British boxers like Ricky Hatton, Amir Khan, David Haye, Carl Froch and Ricky Hatton; the broad availability of the best global pay-per-view bouts; and the achievement of tournament formats such as the Super Six and the Betfair Prizefighter series; boxing gambling volumes have soared, and the would-be boxing punter has never had much opportunity and decision.

With that opportunity, however, comes increased risk. With so much on offer, it’s simple to bet on bouts where your knowledge and insight is lacking, which is why, more than ever, the educated, disciplined and informed boxing punter will enjoy a significant 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
Look for the value, not the winner
As with all long-term boxing profitability can frequently mean eschewing short-term gains. Backing fighters at 1.12 will probably indicate you win a lot of bets, but over a few months, even if those 1.12-shots should have been longer prices, you will find that you have lost money. To avoid this scenario, it’s ideal to ignore the chances on offer in the markets till you have decided on your head what those chances should be. The best approach to do so is to consider proportions: what chance does each potential outcome have of happening?

As an example, when Amir Khan fought Carlos Molina in Los Angeles in an attempt to re-establish his floundering career, it may have been reasonable to state Khan should had an 80% chance of winning that fight: he had a new coach that had expressly worked on his defensive skills and consistency, had fought better competitions, was established in the weight class, and Molina, although unbeaten, had not revealed himself especially adept at quitting his rivals. Molina, in contrast, perhaps had a probability of winning, although the draw needed a likelihood.

Converting these percentages is straightforward. Dividing one by 0.80 (80%) gives you odds on Khan winning of 1.25, dividing one by 0.15 gives you odds on Molina winning of 6.70, and dividing one by 0.05 gives you chances on the draw of 20.0. Armed with the odds you feel the various outcomes ought to be, it’s time to look at the markets. In this scenario, Khan was a considerably shorter price – about 1.10 – that meant that the value-savvy punter could have laid khan, backed Molina, or abandoned the industry alone. Khan won the fight with a disciplined performance as it occurred, but taking this strategy is a lot more likely to bring long term gains than always backing the fighter you believe will win at the possibilities available.

Don’t overestimate form
Humans tend to overplay the importance of recent occasions. To borrow the illustration of economist Ha-Joon Chang, ask a lot people which invention is more significant, the washing machine or the world wide web, and most will plump for the latter (Betfair punters particularly, no doubt), even though there’s a strong argument to state that the access to inexpensive household appliances in Western societies meant that girls had the opportunity to find paid job: which has had a far more significant impact on society than our capacity to put bets on our smart-phones.

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