How To Bet
Betting on Boxing or Mixed Martial Arts is fairly simple and the matchup bet is the most common wager. For each fight, you’re always going to have a favorite and an underdog. In the above example, Manny Pacquiao is the favorite (-220) and Miguel Angel Cotto is the underdog (+180). Bettors would risk $220 on Pacquiao to win $100. If you bet $100 on Cotto and he won the fight, your return would be $180.
Since a lot of matchups can have high odds that are one-sided, oddsmakers created another wagering option called Totals. The number listed is correlated to the rounds in the fight. Bettors will then decide if they believe the fight will go longer or short than the distance set by the oddsmakers. In the above example, the ‘over/under’ is 9 ½ rounds. If you believe the fight will go longer than 9 ½ rounds, then you need the fight to go nine full rounds and half of the 10th round. If you wager on the under, then you need the fight to end before the halfway mark of the 10th round. When wagering on this bet type, it doesn’t matter which fighter wins the match.
Final Result Props
Similar to the “Totals” wager, the Final Result Props was another option created by oddsmakers to minimize risk for the bettors and in some cases offer higher payouts. Not only do you have to pick the winner of the fight, but you must also select the way the fighter will win. A fighter can win two ways at the betting counter, by decision or knockout. The knockout option also includes technical knockouts and disqualification. Looking at the above example, if you bet $100 on Miguel Angel Cotto (+800) to win by knockout against Manny Pacquio and he won by decision or lost the fight, you would lose $100. If Cotto won the fight by knockout, then you would receive $800 plus your initial stake of $100. In the event that the fight ends in a rare draw (tie), all other bets would be graded as losses.
Boxing and MMA Rules
All betting shops and bookmakers follow their own house guidelines, but the rules listed below are widely considered industry standards
-- Fights must take place within one week of the listed date of the fight or the bout will be graded "No Action."
-- Betting Results are graded/regraded based on the official result after the fight concludes.
-- When wagering on Totals (O/U), the halfway point of a round is at exactly one minute and thirty seconds into a three minute round. Thus, 9 ½ rounds would be one minute and thirty seconds of the 10th round. The halfway point of a two minute round is at the one minute mark. The halfway point of a five minute round is at the two minutes and thirty seconds mark. If a boxing total (O/U) lands on the exact half round total in a fight, the wager will be a push.
-- If a fighter fails to answer the bell for the start of any round, the fight officially ended in the last round fought.