When looking at the odds (price) of a horse, the two formats used are decimals and fractions. Betting exchanges operate in decimals, whereas fixed-odds betting firms generally operate in fractions. Jan 14, 2019 This is because bets are made — or not made — depending on whether the horse in question is an overlay (post-time odds greater than its fair odds) or underlay (post-time odds less than its fair odds). As a result, the angst of deciding whether or not to include a horse in one’s wagers is, in effect, made by the betting public. As the name suggests, American odds are most popular in the United States. Working differently for favorites and underdogs, they're also known as 'moneyline' odds. American odds for betting on the favorite work by showing how much money you would have to bet in order to win $100. Things are different when betting on an underdog.

Since the first bookmakers began taking wagers on chariot racing and gladiator matches in Ancient Rome, betting on sport has become one of the most popular pastimes in the world.

The multitude of adverts and sponsorships within football has made gambling almost an integral part of the game, although it can still be daunting for new players.

What are odds and how are they created?

Odds are a bookmakers’ bread and butter and represent the statistical likelihood an event happening, with the odds being created based on that chance.

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Flipping a coin has two outcomes – heads or tails – and given the lack of other factors that can impact a coin toss, the chance of it landing on heads is 50% and the same is true of tails.

In gambling terms, this equates to Even Money because the chances of it landing on heads and tails is the same, and so if you bet £5 on it and you are correct, you will win £5 on top of your original stake being returned.

A football match result, however, has three outcomes (home win, draw, away win – also known as 1X2) and because it relies on aspects like player ability, the three potential outcomes are rarely offered at exactly the same odds.

In markets where there are only two sides, such as ‘both teams to score’, even if the bookies determine that there is an equal chance of either side happening then they will seldom offer Even Money on both, otherwise they lose their edge.

What is the bookie edge?

The bookmaker’s edge, also known as margin, vigorish or juice, is essentially how the bookmaker profits on every market in every event offered and is calculated by determining the implied percentage chance based on the odds.

Referring back to the coin toss example, a bookmaker that offers this market would generally price each side at around 19/20 (1.95), which is an implied percentage chance of 51.3 per cent – slightly higher than the actual chance which is, of course, 50%.

Theoretically, then, the bookie edge would be 2.6% as that is the implied percentage chance of both sides added together minus 100% (the actual chance that one of the sides will happen).

If a bookie takes equal amounts of money on both sides, they will make around 2.6 pence for every £1 wagered, as a £1 bet will win the bettor 95p instead of the £1 they would normally win if there was no edge.

For a three-way market such as match result, the edge varies anywhere between 5% and 20%, with a lower margin generally equating to better prices.

With one bookmaker, Team A to win could be priced at 6/5 (2.20) but with another they could be priced at 11/10 (2.10), and so a punter should gravitate towards the price that will reward them with the best return.

If a bookmaker takes considerably more bets on one side of the market than others, meaning they have more liability and will not guarantee a profit, they will adjust the prices to make the popular selection less attractive.

Does the house always win?

Generally speaking, the adage that the house always wins is true. The phrase comes from casinos where games are consistent across different companies and there is very little variation.

Almost every casino will offer roulette and the house edge in that game is the zero. Guessing which number the ball will land on pays out at 35/1 (36.0), but in reality there are 37 numbers to choose from.

Similarly, users can bet on red or black which pays out at Evens, but again the green zero means that – in the long run – the house will always win. If zero does come up, then the casino takes all the money wagered on red and black without paying out on them.

Football betting is more volatile and, as explained earlier, the variety of factors involved means that there is no “set price” for markets unlike in roulette.

These factors are determined to have varying levels of importance by different bookmakers, and that is why the same bet is offered at different prices by different bookies.

It is still true that the house almost always wins in sports betting, particularly football, but that is not to say that punters always lose, even in the long term.

What should you bet on?

Deciding what specific matches and markets to bet on can be difficult thanks to the incredible amounts offered by bookmakers.

The basic theory, though, is that a bettor should try and create their own prices – known as tissue prices – for the matches they are considering betting on by taking into account aspects of the match, such as trends for both teams or whether home or away form is important.

From there, if a punter comes up with a price that is shorter than the actual price offered by the bookmakers, then that would be a market they should consider betting on.

For instance, a bettor could decide that Team A have a 50% chance of winning the match and so would price them at Evens (2.0), and if a bookmaker has them at 11/10 (2.10) then that would represent a value bet in the eyes of the punter.

Odds correct at the time of writing. Please gamble responsibly.

If you’re not familiar with betting on boxing, you might need a little help in having boxing betting odds explained. That’s what we’re here to help with. On this page, we not only explain how to read betting odds, but we also go over how to bet on boxing. At boxing betting odds explained, we go over the most common wager types and the odds associated with them, so that by the time you’re ready to wager on a boxing match, you’ll feel like an expert.

No matter what side of the bout you choose to bet on, remember that anything can happen in boxing. Major underdogs are known to be punching bags for the title holders and favorites but this isn’t always the case. Buster Douglas knocked out Mike Tyson, giving bettors 42 times their money in 1990. More recently, a 33-1 Andy Ruiz Jr. beat Anthony Joshua in a heavyweight championship.

How To Read American Boxing Odds

When it all comes down to it, boxing betting odds are not that different than any other odds. One way to present boxing betting odds is in the standard American format. In this form, fighters will have a number associated with their name. This is their line. When it has a (-) symbol next to it, it shows they are the favorite. When it has the (+), it shows they are the underdog. A number with a (-) symbol denotes how much you would have to pay in order to make $100, while a number with a (+) symbol shows what you stand to gain based on a $100 wager.

• Manny Pacquiao -650
• Jeff Horn +425

In this situation, Pacquiao is favored. This means oddsmakers think he has a better chance to win. If you bet on him, you would have to wager $650 to win $100, if he wins the fight. If you bet on Jeff Horn, you only have to bet $100 to win $425 if he wins the match. This is because he is perceived as “less likely” to win.

Understanding Boxing Betting Odds In Fractional Form

Fractional betting odds are another common way to have a fight’s betting odds presented. Figuring out your payout when odds are in fractional form is pretty simple. The denominator (bottom number) will always show what you have to stake, while the numerator (top number) will denote what you stand to gain. You can tell a competitor is favored when the denominator is higher than the numerator.

• Manny Pacquiao 3/20
• Jeff Horn 17/4

We used the same example from before for continuity. Pacquiao is the favorite in this fight, and you would have to bet $20 just to win $3, or about .15 cents for every $1 wagered. So if you bet $100, your profit would be $15. On the other side of that, Horn is a 17/4 underdog. For every $4 risked, you earn $17, or $4.25 for every $1 wagered. On a $100 risk, you’d gain $425 if Horn were to win.

Fractional and American odds denote the same payout, you just have to calculate it a different way. 3/20 odds are the same as -650 and would earn you the same payout. Most online sports betting sites will allow you to change between the two different types of odds, as well, so you can read a boxing betting line however you’d like.

There is one more incredibly important thing to remember when it comes to reading boxing betting lines – odds are not a reflection of actual chance. Odds and betting lines are influenced by public opinion more than anything. Oddsmakers will use basic stats to formulate who is more likely to win a match, but after that, the lines move based on how bettors are wagering. So if you do your research and everything you see points to Horn being able to beat Pacquiao, don’t be intimidated by his underdog status. Your ability to read odds and truly understand how they’re formulated can help you win big.

Betting On A Fighter To Win The Fight

This is the simplest way you can bet on a fight. This is a bet on the outright winner of the match, much like a moneyline bet in other sports. This is as straightforward as you can get when betting on boxing. They’re also the most common boxing betting odds. No matter what, a match will at least have odds on who will win the fight, even if there’s no other way to wager on the fight.

Article: How To Wager on Fighters

Boxing Prop Bets Explained

Prop bets are bets made on individual aspects of a match, rather than just on the winner of the fight. So when you bet on props, you have the option to bet on the number of rounds a match will go, who will win in which round, or the method of victory by which they win. Some matches will be very high profile, and on those, you’ll generally find even more props like if the fight will go the distance or how many viewers there will be. Below are the most common boxing prop betting odds, explained.

Round Betting

Sometimes, boxing matches will have rounds betting odds. This means that you can bet on which round you think the fight will be decided in. This allows you to get a little more detailed with the wagers you’re placing. Generally, you’ll have betting odds on each round for each fighter, as well as odds on the match going to a draw or a decision. Rounds betting generally yields a much higher payout but is also a bit trickier to win. If you bet on Fighter A to win in the 12th round and he wins in the 11th, your bet is considered a loss.

Round Group Betting

If rounds betting odds are a little too adventurous for your taste, but you have an approximation of when a fighter will win, try rounds group betting. Odds for these will be assigned to a set of rounds, usually in groups of three. Betting on a rounds group yields less of a payout than just a regular round betting, but in exchange is easier to win. Betting on Fighter A to win in the 10th-12th gives you three chances to win your bet. It’s like a little safety cushion when betting on boxing.

Betting On The Fight Outcome

When betting on boxing, you will more than likely see lines on the fight outcome. This is a general way to wager on how the fight will end, and only has five options. Each fighter will be given odds to win by knockout, technical knockout, or disqualification. Each fighter will be given odds to win by decision or technical decision, and the match will be given odds to end in a draw or technical draw.

Total Rounds

Boxing totals are pretty much the same as any other betting totals, but instead of points, you’re betting on the total number of rounds the match will last. For fights that seem to be more one-sided, oddsmakers will probably favor the under, as the underdog probably won’t be able to keep up. A more even fight might see the over favored. Boxing totals betting odds can be found alongside prop bets at most sportsbooks. A subset of a total rounds bet is betting on whether the fight will go the distance. This is offered much less often, so you shouldn’t expect to see it on every fight. It’s a yes or no proposition bet, wherein you bet on whether or not the fight will last through every round.

Parlays

When you are betting on boxing, you can create a parlay card. When you wager on a parlay card, you can generally combine anywhere from 2-15 different wagers on a single card. Doing so makes the payout much more appealing than a whole bunch of singular bets. However, parlay bets are incredibly hard to win. If you’re wrong on even a single element of a parlay card, your entire bet is considered a loss.

If you do decide to create a boxing parlay bet, it will have to be a parlay card made of moneyline bets. Sportsbooks won’t create a boxing parlay with prop bets due in large part to wagering limits. So if you are ready to watch a match and like all of the fights on the card leading up to the main event, you can create a small or large parlay of all the fights to try and win a nice sum of money.

Live Betting On Boxing

Sports Betting Odds

While you are able to bet on boxing events before they begin, you are also able to wager of them once they have heard the first bell. With live betting, bettors can see updated odds as each second of the clock ticks off. Live betting can be tricky in boxing, as the favorite who seems to be winning can get knocked out the second after you place your wager. However, with other prop bets available, it creates more entertainment on top of the actual fight.

Bovada Sportsbook - Betting Options For Boxing on Bovada

Betting Odds Georgia Senate

A lot of time players get on their Bovada account and already know what they plan to bet on. The boxing fans know that they can log on to their account and find all kinds of prop bets on any match. This is why players make sure to tell others that they should join Bovada. Players also have a lot of bonuses that could make then bets even better and have them play with more money. The biggest deal here is the fact that the banking methods are also there as well for players to pick and choose from. When you know once you log into your betting account that you have a good chance to make money, your confidence in your bets goes up.

How Betting Odds Are Made Today

SportsBetting Sportsbook - Boxing Huge on SportsBetting

To get things started, when it comes to SportsBetting, there is not one thing bettors can’t find on this online sportsbook. All the sports that can be bet on are on SportsBetting and that includes boxing which is one sport that is known for having a lot of bettors in every match. All players have to be is 18 and older to sign up for an account here and things will be all good moving forward. Profiting is the goal so when it comes to betting on boxing matches, there are many of those prop bets here on SportsBetting. There is no reason that boxing fans should be broke when having an account with SportsBetting.

BetOnline Sportsbook - BetOnline Has Boxing As A Betting Option

BetOnline is clearly the best online sportsbook here for all the big-time exotic bettors. The reason for this is there are all the things that you need here when it comes to betting and most of the time you know that when you log in that money is going to be made on BetOnline. Boxing matches will always be on BetOnline and plenty of fans will be ready to make major bets as soon as these matches show up on BetOnline. The bonuses that are offered are also here for players who like to bet on boxing as well. Already knowing that you have some money in your account ready to bet, the bonuses here are going to help players have more money as well. Checkout BetOnline and see what it brings for all players all around.

MyBookie Sportsbook - Top Sportsbook For Boxing Fans

Betting Odds Explanation

The main thing that MyBookie has for players to bet on is all sports. The NFL and NBA are the premier sports that many players like to bet on and put big money on these games all the time. Even with that being said, boxing matches are still one of the options that players take a glance at once they long in. The number one thing that players look for when they log in is bets to where they can make a lot of money and when it comes to boxing matches, these things can end quickly and end up with a huge payout to players. The mobile betting options are here as well as having great banking methods. All bettors have to be is 18 and older to sign up for an account. Soon as players log in another thing that will pop up for them is bonuses that could change their bank account number and help what prop bets they take on these boxing matches. MyBookie is the best sportsbooks with boxing available and there is no question about it.

How Betting Odds Are Made Against