How Does Fight Betting Work
If a ton of people bet on one fighter, they will make the odds a lot sweeter on the other fighter to entice action. This delicate balancing act goes on all the way until the fight starts. The betting public has a strong tendency of betting with their hearts instead of their minds. Round Groups/Round Betting: A bet on the exact round the fight will finish. The fight can be determined by KO/TKO, submission or disqualification on that specific round. If a fighter retires in between fights, the previous Round will be settled as that was the last full Round.
This guide will help you understand how betting odds work.
There are 3 different kinds of betting odds; Fractional, Decimal and American. American odds are often called Moneyline odds.
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HOW DO DECIMAL BETTING ODDS WORK?
Decimal odds are the easiest type of odds to understand.
To calculate your winnings using decimal odds, simply multiply your [tooltip text=”stake” gravity=”n”]Your “Stake” is the amount of money you wish to bet[/tooltip] by the decimal number. For example…
If you placed a $10 bet at odds of 2.00, you would simply multiply 10 by 2.00 to calculate your return.
10 x 2.00 = 20.00 = $20 return from your $10 bet
How about placing a $15 bet at odds of 1.57?
15 x 1.57 = 23.55 = $23.55 return from your $15 bet
That was easy wasn’t it?
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HOW DO AMERICAN [MONEYLINE] ODDS WORK?
American odds are calculated based on how much money you have to bet in order to win $100. The odds are always accompanied by either a plus [+] or minus [-] symbol. The symbols determine whether you need to bet more than $100 (-) or less than $100 (+), to win $100.
This may sound confusing at first, but it’s really not that difficult!
Lets jump right into an example of how American odds work. Remember that American odds are all about how much money you have to bet, in order to win $100.
Imagine the odds looked like this for a particular fight…
Fighter A = -150
Fighter B = +200
When working with American odds, you need to remember that the minus [-] symbol always means that you will have to bet more than $100 to win $100. Minus [-] odds are considered the “favourite”. Odds with the plus [+] symbol are considered the “underdogs”.
If you take a look at the odds above, you can see that Fighter A is the favourite at -150. This means that in order to win $100, you would have to bet $150.
Fighter B on the other hands is a +200 underdog. This means that you would only have to bet $50 to win $100. Here are a couple more examples using more challenging odds…
Fighter A = -600
Fighter B = +1000
In this example Fighter A has odds of -600, which means that you would have to bet $500 to win $100. Fighter B on the other hand has odds of +1000, which means you’d only have to bet $10 to win $100.
Working with American odds will take some getting used to and it can be difficult to work out the exact amount of money you will win from your bets at first.
You can practice working with American betting odds by visiting Best Fight Odds and using an Odds Converter to calculate your returns.
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HOW DO FRACTIONAL BETTING ODDS WORK?
Fractional betting odds are favoured in the United Kingdom and Ireland and they’e the most popular type of odds used in Horse Racing. Although they may look confusing at first, they’re actually not that hard to work out. Lets jump right into looking at an example of how Fractional odds work…
If you wanted to bet $50 at odds of 6/4 six to four, this is how you would work it out:
First you have to add the numbers of the fraction together, in this case it would be 6 + 4 = 10. Then divide this number by the second number, in this case 4. 10 divide by 4 = 2.5. Then multiply this number by your stake. 2.5 x 50 = 125. Your return for a $50 bet at odds of 6/4 would be $125.
(6+4 = 10) 10 divided by 4 = 2.5
2.5 x 50(stake)= £125
If you get stuck and you’d like some help calculating how betting odds work, please don’t hesitate to get in touch.
Wagering on boxing has been very lucrative over the years for bettors. We’ll take a look at ways to minimize risk while maximizing profits, especially for the bettor looking to dip their toe into the pugilism betting pool for the first time.
Boxing betting: Ways to bet
Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.
2-way betting: Each individual bout can simply be wagered upon picking a straight-up winner, similar to a moneyline bet in the other major sports, with a favorite and an underdog.3-way betting: Each individual bout can be wagered upon picking a winner or by choosing to select a draw (or tie).Method of victory: If you like a fighter to win, but perhaps he is an overwhelming favorite, you can be more specific to mitigate your risk. There are a few different ways a bout can end. A fighter can win on points, either by KO/TKO/Technical Decision or disqualification (DQ).Round betting: Fights, particularly the big-ticket events, can be bet by picking a winner in a particular round. Rather than betting on the 2- or 3-way betting line, it can be more lucrative to bet on a fighter to finish his opponent in a particular round. It’s difficult to pinpoint, and sometimes it’s good to bet on several rounds to be on the safe side, but it can pay off very handsomely.
Boxing betting: Key betting terms to know
Favorite: The fighter who is more likely to win the fight will require more than your return on investment.Underdog: On the flip side, this is the fighter not expected to win. It can be more lucrative than taking the favorite, as you will return your stake and plus-money from your wager.Push or Draw:How Sports Betting Works
A wager which ends in a tie, which is not a losing ticket, but not a winning ticket, either. You simply receive your wager back.Chalk: This refers to a heavy favorite. For example, -200 and higher is considered heavy chalk.Parlay: If you were to bet two fighters to win on the 2-way line, for example, you would need to win each end of the bet to cash. You can still win a parlay if one end wins and the other is a push.How Betting Works In Poker
Boxing betting: How do odds work?
Boxing odds can vary greatly. Sometimes the favorite is not too expensive, but other times, particularly in undercard or preliminary events, the favorite can have rather high odds. For example, if you were to bet a heavy favorite at -800, you would need to risk $80 to profit just $10. An underdog wager at +550 would profit $55 on a $10 bet.
Get some sports betting action by placing a bet with BetMGM today. For more sports betting picks and tips, visit SportsbookWire.com.
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How To Win With Betting
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