Why doing a boxing odds comparison is important
A question that many new punters ask themselves is, “why should I do a boxing odds comparison at all?” There are a number of different reasons why a boxing odds comparison is in your best interest. The main reason though, is that it improves your overall prowess as the punter and gives you a better chance at claiming bigger winnings from your boxing wagers.
An important reason for any punter to use a boxing odds comparison tool is because you are giving yourself the best chance to take home bigger winnings. The industry standard on boxing odds will be fairly similar but this means that comparing odds is that much important as you can shop around and find discrepancies between different sportsbooks which in turn will give you a better shot at winnings.
Checking out the best boxing betting odds is also a good way to get some insight into what the sportsbooks think about a particular bout. These sportsbooks have done comprehensive research on these fights to create their odds so there is every chance that they know something that you don’t. This can give you more information on which way you should lean for the bout. You can check out our F1 odds comparison tool as well if you enjoy the thrill of racing.
Online vs. Offline: where to find the best boxing betting odds
There is still a strong contingent of boxing betting fans who use brick and mortar establishments to place their bets. There are a few reasons why this is still happening and it’s largely down to the fact that this is all they know. There is also a certain comradery about heading down to your local betting establishment and putting down your bet. However, is a land-based betting establishment really better than an online sportsbook for finding the best boxing betting odds? In truth, no it isn’t.
There are two main reasons why online sportsbooks are so great for boxing betting. Firstly, the sheer convenience of it all. You can place bets on the biggest boxing matches all from the comfort of your own couch with a cup of tea in your hand. You just can’t beat that kind of benefit. The 2nd reason is the fact that you can access hundreds of different online sportsbooks to find the best odds on offer for a particular fight. If you are using your local betting shop, you won’t have nearly as many options as you would with online sportsbooks. Here at GamblingGuy US, we can help you find the best sportsbook odds out there right now.
We would be remiss if we didn’t also mention the fact that you can claim welcome bonuses and promotions with online sportsbooks where you will almost certainly never find any with land-based betting shops. As you can see, if you are looking for not only the best boxing betting experience but the best boxing betting odds then using online sportsbooks is absolutely the way to go.
Top 3 bonuses with best boxing odds
A history of the boxing betting odds – from then until now
The history of boxing betting odds can trace its lineage back as far as the 1700’s. However, the real art of boxing betting started happening when the first real stars of the sport in Jack Dempsey and Jack Johnson came up in the 1920’s. From then on, boxing betting only continued to grow as the likes of Joe Frazier, Muhammad Ali and George Foreman continued to battle it out for dominance through the 60’s and 70’s.
Boxing has now become one of the most lucrative sports in the world as fighters are taking home purses of upwards of $20 million just for competing in the biggest bouts. You only need to look at what Deontay Wilder, Tyson Fury and Anthony Joshua have been taking home for their recent fights. And as the fighting purses grow so too does the world of online boxing betting. The boxing betting odds are almost always right on the money. The only times where these fights are evenly split is when the best of the best (like Joshua and Fury) are fighting each other.
The boxing betting odds of today have changed significantly from the odds on offer in the 1920’s. You also have access to different boxing betting odds formats as well, such as decimal odds, American odds and fractional odds.
Decimal odds explained
If you are using boxing betting odds that are decimal based then you’ll quickly find that this is the easiest format to understand. They are also known as European odds but they are used outside of Europe in places like Canada and New Zealand as well.
To give you an example, decimal odds of 4.0 would mean that for every $1 that you bet you stand to win $4. So, if Tyson Fury was 2.0 and Anthony Joshua was 1.0 and you decide to bet $10 on Tyson Fury then you would win $20 if Fury came away from the bout victorious. Simple enough, right?
Fractional odds explained
Fractional odds work a little differently to decimal odds but they are still pretty straightforward to understand. You won’t really find people using fractional odds outside of the UK but most of the top quality US sportsbooks will give you the option to switch to this boxing betting odds format if you like.
For example, if your boxing bout has pegged the underdog at 6-1, that means that for every $1 you bet you will earn $6. If you reversed that number to 1-6, then you would need to bet $6 in order to win $1 from the wager. It’s not all that different to decimal odds, it just looks a little different. Once you come to terms with how fractional odds work they are very easy to use.
American Odds explained
If you are a US resident who is a fan of boxing betting then you will be familiar with these betting odds formats. However, for those that have never used American odds, you may find it a little confusing at first. In all honesty, it’s just as simple as the previous two odds formats. After a little time using them, you’ll see what we mean.
Let’s do an American odds example on a fight between Deontay Wilder and Tyson Fury. If Tyson Fury is the favorite for the bout then he might have odds of -300 where Wilder may have odds of +200. Everything is considered in terms of $100. So, you would need to place $300 on Tyson Fury to win $100 in profit. However, if you place $100 on Wilder you would then win $200. So, the favorite is how much you need to bet to win $100 where the underdog is how much $100 will win you.
How do sportsbooks come up with these boxing betting odds?
How boxing betting odds are calculated remains a mystery to most punters. While some are interested, most just assume that they are fair and correct and move on. In truth, it’s not all that difficult to understand how the sportsbooks come up with the best boxing odds possible.
The opening line is the first value on odds offered by boxing bookies. Essentially, these betting lines take into account all the previous head to head meetings of the fighters in question, what their form is like leading up to the bout and just about any other notable detail that might impact the fight. All of this information leads to the calculator of the first seat of odds.
This is not quite the end of it though, as these odds are subject to change right up until the last hour before a fight. These line movements depend on the amount of betting action a boxing bout is getting. This will in turn affect the expected value of the fight. The expected value is just a way for the sportsbooks to measure what their return on investment will be for the boxing odds they have put out.
How to make use of the best boxing odds – taking on a few strategies
Using a boxing odds comparison is one way to give yourself the best chance to take home some lucrative winnings but it is only half of the puzzle. The other half is going into your bets with a solid gameplan. We would recommend using betting strategies with the best political betting odds as well.
Arb betting strategy
An arbitrage betting strategy is essentially a strategy that is used to ensure that the punter walks away with adrift or at least breaks even. This is done by placing 2 or more wagers on the same event but with two different sportsbooks. It can be a tricky strategy to get right at times but all it requires is a little elbow grease and some research.
What you will need to do first is actually find an arb betting opportunity. This can be done by working out the IAP (Individual Arbitrage Percentage) for each of the best odds that you find on the event. You can apply the formula (1/Odds) x 100 to each of the best boxing odds that you find.
If both sets of odds that you work out amount to less than 100 (the Total Arb Percentage) then you have found yourself an arbitrage betting strategy opportunity.
Matched betting strategy
A matched betting strategy is not something that you can do everyday but it is definitely a sure fire way to ensure some profits. You will need to find a sportsbook that is offering you a free bet bonus or promotion and another sportsbook that is actually a betting exchange.
So, for example you decide to use one free bet on a win (back bet) for Canelo Alvarez. The other free bet with the betting exchange you will place as a lay bet (betting on Alvarez to lose). A lay bet can only be placed with betting exchanges. This way you have ensured that you will have a positive result while also not using any of your own money to do so. That is hy a matched betting strategy is a win – win. However, we have to mention that many sportsbooks frown upon this betting strategy so be sure to read their terms and conditions to make sure that they don’t have stringent rules against this kind of betting technique.
The best betting markets for boxing
Here are some of the best betting markets for you to use once you have found the best boxing betting odds:
- Outright winner: place your bets on who you think will win the bout, irrespective of what round it happens in.
- Will the fight go the distance: bet on whether or not you think the fight will last all 12 rounds without a knockout.
- Method of victory: take a stab at whether you think the fight will end in a decision, TKO, DQ or knockout.
- Over/under: bet on whether you think the fight will end before or after a certain round.
- Win in a specific round: if you are feeling confident you can take a stab at what exact round you think a fighter is going to win.
Odds Comparison FAQ – your questions answered
Is the odds comparison tool at GamblingGuy free to use?
Absolutely it is! You can head to our site right now and start comparing all the latest boxing betting odds that are available on the best sportsbooks in the US. We don’t charge a penny for our service so you can get stuck in right away.
Should I not use the sportsbook I’ve been using anymore?
No, that is not what we are saying at all. All we would recommend is that you diversify your field of vision a little more. Adding one or two more sportsbooks will give you access to more odds which in turn will give you a better chance at finding value bets.
Can I boost my odds with the best online sportsbooks?
Many of the best online sportsbooks will offer you promotions that give you the opportunity to boost your boxing betting odds. These odds boosters are almost always worthwhile as they have very few wagering requirements attached to them.
Conclusion to our boxing odds comparison
That brings us to the end of our boxing betting odds comparison piece. You should now have a clear idea about how these sportsbooks calculate boxing betting odds and why these odds are subject to change right up until the first bell. Remember finding the best boxing betting odds is one thing but applying a strong betting strategy to make the most of them is how you walk away with bigger profits.
If you enjoy more than just boxing betting then we can also help you find the best golf odds and the best cricket betting odds as well.
Best Boxing Odds FAQ
❓Why should I use a boxing odds comparison tool?
There are a number of reasons why using a boxing odds comparison tool is helpful to punters. Here at GamblingGuy US, we aim to show you exactly why a boxing odds comparison tool is useful and how you can use it to benefit your future boxing betting endeavors.
👀Where can I find the best boxing odds right now?
In order to find the best boxing betting odds right now you will need a website that offers you a comprehensive look at all of the available odds out there for live boxing bouts. Lucky for you, we have got you covered here at GamblingGuy US. Our site has all the latest odds for different sportsbooks that show you where you can find value bets for the fights. Just head over to our site and start shopping around for the best sportsbooks using our online gambling guides to find the best boxing odds today as well as the best boxing odds tomorrow.
💻How do sportsbooks calculate the best boxing odds?
Most punters don’t really bat an eye at the odds available at different online sportsbooks. For those of you who do care how these odds are calculated we can show you how these sportsbooks do it with our odds comparison piece. We shed some light on the different factors taken into account when sportsbooks calculate the best boxing odds.
Top 5 provider with best boxing odds