With boxing betting you are usually picking who you think will win the bout. The odds are presented in the form of a moneyline. The favorite in the bout is represented by a negative number (-) and the underdog has 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 take a bigger risk by taking the favorite. The underdog, while less likely, pays out at a much better rate.
If the bout ends in a draw, the wager (regardless of which side you were on) is treated as “no action.” That means you just 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 betting is the over/under on the number of rounds the bout will last. In this case what matters is whether the bout ends before the number of rounds set by the oddsmaker.
You can also bet on who will win each round on the judges’ scorecard. In boxing betting, there will be bets on just about anything that the oddsmakers can dream up. Just remember that the more exotic the wagers get, the worse the odds of you winning generally get.