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With boxing odds you are typically betting on who you think will win the bout. The odds are presented in the form of a moneyline, with the favorite in the bout being represented by a negative number (-) and the underdog listed with a positive (+) number.
Let’s take a look at an example so that we can better understand what we are talking about:
Mike Tyson -260
Evander Holyfield +220
In the example above, Mike Tyson is the favorite over Evander Holyfield. Because Tyson is the favorite, you would need to bet $260 on him to win $100. On the other side we have the underdog, Holyfield. At +220 you can bet $100 on him to win $220. As you can see, you always take a bigger risk by taking the favorite, while the underdog, while more unlikely, pays out at a much better rate.
Remember, if the bout ends in a draw, the wager (regardless of which side you were on) is treated as “no action”, meaning you simply get the money you risked back.
Moneylines are by far the most popular form of boxing betting, but they aren’t the only way to bet on a bout. Another popular type of boxing wager is the over/under on the number of rounds the bout will last. In this case it doesn’t matter who actually wins, but whether the bout goes under or over the number of rounds set by the oddsmaker.
You can also bet on who will win each round on the judges’ scorecard, as well as just about anything else that the oddsmakers can dream up. Just remember that the more exotic the wagers get, typically the odds of you winning reduces drastically.