Freelance: 5 Ways to Make Money Betting on Boxing
Boxing is one of the oldest sports in history and while the ultimate goal of the sport is to put butts in seats and entertain those fans, boxing—like anything else—has become an industry. Some fans want to take their fandom and turn it up a notch by becoming bettors and taking home some cash. If you are a budding bettor wanting to get better (see what we did their?) check out the list of basic tips below!
Bet the “Sure Thing”
Be smart. Think of the betting world like a savings account (since it will directly affect your finances) It is better to save up smaller amounts of cash over a period of time than to get wrapped up in high-profit a.k.a “get rich quick” schemes (risky bets.) You bet on Floyd “Money” Mayweather Jr. because he was a 1996 Olympic medal winner, because he is 49-0.
Mayweather is like a high-profit company that sells its product at major stores like Wal-Mart: You keep buying those products not only because you like them, but because you know what you are going to get, just like with Mayweather. With his fights, the more tactical/evasive style that can lull his opponents (and fans to sleep) has yet to be figured out and while that running hasn’t made for the best fights in the world, the name of the game with him is consistency.
He’s safe, and that may be the key to building up cash to taking on those riskier bets. This is a matter of not only doing your research but being patient. To be blunt, safe bets just allow you to stay in the betting game longer.
Bet the High-Upside Underdog
In contradiction to the point made above, the “Notorious” Conor McGregor could be getting ready to shock the world when the MMA fighter faces Mayweather in a boxing super-fight set for August 26. Simply put, a lot of those people betting against McGregor simply don’t know what they’re talking about.
Yes, the UFC’s “Champ-Champ” is 0-0 in boxing, but he is also 21-3 overall in MMA and 9-1 inside the UFC’s octagon. Because McGregor is an MMA fighter, boxing media don’t see him as having much of a chance because McGregor will simply be in a striking match-up and the Irishman won’t have multiple disciplines to help him win the fight.
The thing is, even though he has had the option of turning to different things to win, McGregor has always been a boxer, only the fighting area will be different.
The Current Odds: Bovada has Mayweather as the -600 favorite with McGregor as the +400 underdog as of the time of this writing (June 29.)
MMA fighters are also getting more and more accustomed to stance-switching, which creates different angles that their opponents are not expecting attacks to come from. Additionally, although Mayweather is 49-0, it was pointed out by the UFC President Dana White that Mayweather has age working against him and that he has struggled with southpaws (McGregor.)
As mentioned above, McGregor should know what fighting style to expect. In a similar blog post about MMA betting tips, Holly “The Preacher’s Daughter” Holm shocked the world when she delivered big by giving “Rowdy” Ronda Rousey her first loss.
She won because, looking back through Rousey’s career, she was actually a fairly one-dimensional fighter and the Jackson-Wink camp and those that bet on Holm that night noticed a routine, noticed what she always goes to and the same could be said about Mayweather (run-fighting and clinch work.) Looks for these trends.
There’s also a school of thought that if someone tells themselves something often enough, eventually it will start to be believed. It’s possible that McGregor’s best attribute is his intense self-belief through visualization and he’s been “dialed in” when it comes to that for months.
McGregor said to ESPN’s Dan Rafael earlier this year:
“I'm the boxing guy! Watch me take over boxing, trust me on that,” he yelled directly at me, only a few inches from my face. “No one in this boxing game knows what's coming. Trust me on that. I'm going to step in there and shock the whole god damned world. Trust me on that.
Look me in the eyes, 28 years of age, confident as a m-----f-----, long, rangy, dangerous with every hand. Trust me, I'm going to stop Floyd, and you're all going to eat your words. The whole world is going to eat their words.”
Again, just do your research and the odds can prove to be a bit misleading.
Target a Specific Fight
If you are more of a casual bettor just wagering on a boxing event with your friends and you simply don’t want to have a notebook’s work of info on a given card. There are ways to do as the subheading suggests and just focus on a single fight.
You can place an overall moneyline bet to pick the winner outright (like in the Mayweather-McGregor bout in the section above.) The other option is to place an over/under bet. This would simply concern the length of time a fight lasts (example: 5.5 rounds) and you wouldn’t need to know who wins.
A third path that could be taken would be to pursue a proposition line (prop) bet. There can be multiple props on any given fight. For example, a pre-fight pro could be if a fighter will miss weight or not (as was mentioned in the MMA blog) or for the Mayweather-McGregor fight, two are “will a rematch take place” and will a rematch take place in an octagon (MMA.)
These avenues give bettors a variety of options.
Parlay betting essentially takes the point made above and combines all of those side-bets into one wager (example: $200 on Mayweather to win and $200 on the fight ending by way of a unanimous decision.) The catch with a bet like this however is that whatever conditions are place on a fight, such as the ones in the example, the all must occur. This is an all-or-nothing bet.
Method of Victory Betting
This is exactly what you think it is and is possibly the second-most-important type of bet because it is not only tied to picking a specific winner like the traditional money line bet, but takes an educated guess at how that winner will get the job done.
For example, it has been mention time and time again that (while some think Mayweather might KO McGregor due to his inexperience in boxing) Mayweather has not scored a stoppage victory since 2011. So, the heavy favorite in all of his fights over the last few years prior to his September, 2015 retirement from the sport was for Mayweather to win by UD.
The methods to win boxing are: (Technical) Knockout, Unanimous, Majority, or Split, or Technical Decisions or a bet can also be placed on whether a fight ends by way of a draw ( Split, Majority, Technical—[injury/fouls] or Unanimous.)