Best Boxing Betting Sites 2023 – American Sites to Bet on Boxing
Looking to improve your results when betting on boxing? Or maybe you’re new to it all and aren’t sure where to begin? Whatever you’re looking for, our guide is here to help!
In this article, you’ll learn all about the most common boxing betting markets, as well as some popular bonuses and promotions. We’ll also share tips helping you to win more, before rounding off with a step-by-step guide to placing your first bet. But first, let’s talk about the best sites to use when betting on boxing.
Best Online Boxing Sportsbooks 2023
Before we go any further, you need to know the best bookmakers for betting on boxing in the USA. How did we arrive at the following conclusion? Well, our team has decades of combined experience in the sports betting world.
We regularly compare online sportsbooks for the best odds, offers, payment methods and much more besides. Here’s the verdict of our expert panel.
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Possibly the most vital element of betting on boxing is the odds. They tell us two important things. We need to understand how much money we’ll make if our bet wins, and that’s the primary function of the odds. But secondly, they also tell us the relative probability of an event happening.
Let’s run through an example of how the odds will appear when betting on boxing with a US online sportsbook.
Canelo Alvarez (-400) vs Gennady Golovkin (+300)
Looking at the above boxing moneyline, we can immediately tell two things. First of all, Canelo Alvarez is the favorite to win the bout. That’s because the odds are preceded by a minus sign. And secondly, not only is this fighter the most likely of the two to win, but according to this bookmaker, he’s very heavily fancied.
Whenever negative odds (-) are displayed, we need to bet that figure in order to make exactly $100 in profit. So in this case a bet of $400 would earn $100, for a total return of $500 including the stake.
On the other hand, positive odds (+) tell us the amount of profit that we would make if we bet $100. Therefore a winning $100 wager on Golovkin would generate $300 in profit, meaning a $400 total return.
We can also calculate the probability of either fighter winning from the bookmaker’s odds. The conversion formula depends upon whether the odds are positive or negative. Let’s start by looking at the favorite’s odds.
Odds / (Odds + 100) * 100 = probability percentage
So in the above example, we see the following:
400 / (400+100) * 100 = 80%
For a positive odds value, the formula is slightly different.
100 / (Odds + 100) * 100 = probability percentage
Plugging in the odds of Golovkin to win gives us this:
100 / (300 + 100) * 100 = 25%
Hence we can clearly see that Alvarez is a heavy favorite to win the match.
One thing you’ll have noticed from the above examples is that the total percentage did not add up to 100%. That’s because when a bookmaker compiles the odds, they don’t use the true percentages. They build in a small profit margin, which is how they make their money in the long term.
A book with a percentage greater than 100% is said to be “over round”. Looking at the Alvarez vs Golovkin case, we can see that the total percentage is actually 105%. That’s 5% over round, translating to a theoretical long term profit margin of 5% for the bookie in question. This margin is usually nicknamed the “juice” or “vigorish”.
When betting on boxing, it’s important to compare the odds of different bookies. Sportsbooks that incorporate bigger percentages are naturally less attractive to us, as the odds will be smaller. The bookmakers betting to low percentages are the ones we should be looking out for.
Different Odds Formats
So far, this guide to understanding the odds has only looked at American odds. Of course, this format is the most popular in the United States. But in other parts of the world, odds are formatted completely differently. And you might even find that you prefer other ways of displaying the odds.
For instance, the method favored in Europe is a decimal system. This is a much more practical way to make calculations, such as quickly working out your returns on the fly. Particularly when dealing with parlays with several legs. You simply multiply the decimal value by the stake in order to see the total returns:
The below table illustrates several different odds formats across the globe.
Popular Boxing Betting Lines
Everyone takes their own approach to betting on boxing, but there are certainly some common trends. Let’s now take a look at the different betting lines favored by punters in the USA.
This is by far the most common way to bet on boxing. Our previous example shows how a moneyline looks. Your job is simply to choose which of the two fighters will win the match. It’s a simple market, which explains its popularity.
Some sportsbooks will allow you to bet on the draw. If that’s the case, you must pick from three different moneyline selections. If the bookmaker doesn’t offer the draw option, your bet will be refunded if neither boxer wins.
Method of Victory
There’s much more to betting on boxing than simply calling the winner. Real experts like to dig into the many other lines to look for value. Wagering on the specific method of victory is one such popular example. If you fancy one boxer to win by knockout, as opposed to a points decision or disqualification, you can bet on it.
Another popular boxing betting strategy involves attempting to work out when the fight will end. By factoring in the stamina levels and styles of the two fighters, you can predict approximately what stage of the fight things will explode.
Betting on round props can be lucrative, as it’s not an easy one to land. Even if one boxer is a heavy favorite on the moneyline, the odds for winning in a specific round can still be in excess of +2000.
Many sports lend themselves well to totals markets and betting on boxing is no different. In this case, you’re looking to bet over or under on the total number of rounds in the bout.
The bookmaker will set an imaginary line, for example 4.5 rounds. You simply need to decide whether the real number will be higher or lower. In this case, if the fight ended in round 5, it would mean a win for over bets.
To Go The Distance
This is a straightforward yes or no decision in regard to the length of the fight. Will we need a points verdict, or will there be a result before all of the rounds are completed?
Due to its simplicity, it’s one of the more popular markets when betting on boxing.
Live Boxing Betting
For a long time, sports betting was illegal in much of the USA. But since things have begun to open up, the rollout of sportsbooks has been rapid, both land-based and online. Technology is improving all the time and live betting is a big part of that.
Betting during a fight has already overtaken pre-match betting as the most popular way to wager on boxing. It’s just so easy now, since everyone carries the internet around in their pocket. You could be watching the big fight in a bar or on the couch. But within just a couple of swipes and clicks, you’re able to place a real money bet.
Seeing every punch and responding in real time is certainly an exciting way to bet. But if you really understand boxing, live betting can be financially rewarding too. There are lots of intriguing markets available to you when betting in-play, but even the moneyline is a potentially lucrative way to bet.
Imagine that one fighter hits the deck in the opening round and the impact that will have on the moneyline. Naturally, that boxer’s odds are going to increase greatly, as he now seems unlikely to win. But how often have seen fighters come back from early setbacks as their opponent becomes complacent? Such a situation could be a good opportunity to turn a small bet into a big win.
Boxing Betting Apps
The advances in sports betting technology over recent years have been remarkable. It’s not just the sheer number of creative betting markets available to us today. But thanks to smartphones and the demand for betting while on the go, bookmakers have been forced to innovate.
Today, all of the best online bookmakers offer mobile apps. Whether you use an Android, Windows or iOS device, you can download specially optimized software to suit your tech. It will reduce data usage and make things like the login or signup process a little more convenient. But most importantly, the optimization leads to quicker loading and bet placement times, which is especially important when live betting.
Boxing betting apps also offer various high-tech features like cashout, not to mention mobile-specific betting bonuses. You can even stream fights live through your device, saving you money on expensive pay-per-view packages.
But even if you’re no great lover of sportsbook apps, you can still enjoy a boxing bet using your mobile. Most bookmakers today are adopting a mobile-first approach to site design. So accessing the standard sportsbook URL through a browser on your mobile is a pleasant experience. Data loads quickly, graphics display optimally and all of the desktop functionality is available on your phone.
Our Top 5 Tips For Betting on Boxing
Now it’s time for the main event. Incorporate the following advice into your boxing betting strategy to help improve your results.
Tip 1: Hunt for value
Our first tip isn’t only true for betting on boxing, but all forms of sports betting. It’s absolutely vital to maximize every single wager, otherwise you’re leaving money on the table. You simply must get the biggest possible price, so shop around and find the best odds.
Make use of comparison sites and ensure that you have accounts at all of the top bookmakers. Each betting site has different odds and you need to bet with whichever has the best price.
Tip 2: Avoid big parlays
We’ve all been tempted by the huge potential payout of a parlay bet. The more legs you add, the greater the possible rewards. But the flip side is that the risk is also increased. And that’s why bookmakers love parlays.
There’s a good reason that betting sites encourage you to bet in this way. But all you are doing is multiplying, and therefore increasing, the sportsbook’s built-in edge.
Tip 3: Don’t force bets
Fights are really common and they come around frequently. There’s no need to push it if you’ve looked into something and you’re not 100% sure.
Be selective with your betting and only risk your money when you’re feeling very confident in your research. Patience is very much a virtue when betting on boxing.
Tip 4: Ignore the buzz
The big fights have always been subject to hype and it’s easy to get lost among the buzz. Especially today, with rolling sports coverage on the television and social media. It’s important to shut out the noise and focus on the stats. Do your research, trust your gut and don’t listen to media pundits or other fans.
Another thing to avoid is professional tipsters. If their advice really worked, they wouldn’t need to sell their supposedly expert knowledge. Don’t waste your money trusting other people’s opinions.
Tip 5: Do the work
It sounds obvious, but too many failed bettors were trying to take shortcuts. Just like a title-winning boxer, there’s no easy way to the top. You need to do the graft, consuming as much information as possible, watching past fights and poring over the numbers.
Learning to compile your own odds is a really useful skill too. It’s not easy but it will help you spot value bets when the bookies get it wrong.
Common Boxing Bonus Offers
When you first start betting on boxing, you can benefit from lots of different new player bonuses. But even as a seasoned veteran, most bookmakers offer promotions and rewards to loyal bettors. Here are the most common boxing betting promos to look out for.
Boxing Free Bets
These are usually given out to new customers joining a betting site for the first time. A free bet is just what the name sounds like. Place a wager without a deduction from your real money balance and if it wins, you’ll receive real profits. It’s all of the reward with none of the risk!
Risk-Free Boxing Bets
And speaking of risk, this common boxing betting promotion is a variation of the free bet theme. The difference here is that you do actually need to place a real money wager. But if it loses, you’ll get your money back as a consolation prize. Hence the term “risk-free” bet.
Deposit Match Bonuses
Some online bookmakers take a different approach to their welcome bonus. Instead of free bet tokens, they simply add extra funds to your wallet. If the match bonus is 150%, for example, and your first deposit is for $100, you’ll receive a bonus of $150. That’s a combined total of $250 hitting your new account.
Boxing Bet and Get
The “Bet and Get” deal is becoming increasingly popular with online sportsbooks. They are a sort of loyalty bonus, rewarding punters with a free bet after meeting certain conditions. For example, you might receive a $10 free bet when you place three consecutive boxing bets using real cash. All bookmakers handle this differently, so make sure you’ve read the fine print!
How To Start Betting on Boxing
If you’ve made it this far, we’ve probably whetted your appetite to get started. But if you’re not feeling too sure about how to begin, don’t worry. The below steps will walk you through the process.
1: Select a bookmaker
First off, you’ll need to pick a sportsbook at which to bet. Our team of experts has assessed all of the options, recommending the most trustworthy boxing betting sites in the USA today. Find them towards the top of this page.
2: Register your account
Once you’re happy with your choice of bookmaker, open the signup form and complete the requested fields. You’ll have to supply some personal details, including your name, age and contact information. This is common at all bookmakers and the process is quick.
3: Remember the bonus
Each betting site approaches the welcome bonus differently. Some request a promo code during the registration form, so don’t overlook it. Many ask for a code when depositing instead, while others let you pick from a list after registering. Understand the terms and conditions so that you don’t miss out on any free bets!
4: Fund your wallet
Head across to the bookmaker’s cashier page in order to load your new account with funds. Remember to pay attention to any minimum deposit amounts or other restrictions. Choose your favorite banking method and complete the transaction.
5: Place a bet
Job done – we told you it was easy! You’re now free to browse the sportsbook and start betting on boxing markets. Good luck!
You’ve reached the end of our guide to betting on boxing. We hope you found it to be a knockout read! Our tips to improve your results will surely help your bankroll to go the distance.
If you’re ready to place your first bets on boxing, head over to one of the trusted sites named on this page. You’ll find generous odds, rewarding promotions and fast, convenient payment methods waiting for you. Get involved today.
Is betting on Boxing legal in the United States?
Most probably yes, though it depends on your location. Sports wagering, including betting on boxing, is now legal in more than two thirds of US states. If you’re present in one such region then you’ll be allowed to place legal boxing bets.
What are the USA’s top sites for betting on boxing?
This is a matter of opinion, but our favorite boxing betting sites can be seen at the top of this page. We assess bookmakers based on dozens of criteria to bring you safe and reliable sportsbooks at which to place your bets.
How can I win more when betting on boxing?
Check out the tips mentioned elsewhere in this article for some ideas on how to improve your boxing betting results. Remember though, there’s no substitute for hard work.
What is moneyline betting in boxing?
The moneyline tells us the odds of either fighter winning the match. Betting on the moneyline is essentially wagering on which boxer you think is going to win. It doesn’t matter how they win, just as long as they do.
How do you start betting on boxing?
It couldn’t be easier to start betting on boxing. Pick a trusted sportsbook from the list on this page, register an account, make a deposit and place your bet! Earlier in this article we shared a step-by-step guide.
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