4 Essential Tips When Betting on Boxing or MMA
If you are accustomed to placing bets on football, tennis, ice hockey, and others, maybe it is time to try yout luck on MMA and boxing sports betting. Here are our four strategies and tips to increase your success rate.
Understand Implied Probabilities
When betting on boxing or MMA, the first thing you will notice is the moneyline odds assigned to each boxer or fighter. Betting companies assign 400 or more to the favourite player in a mismatched fight.
A good example of this is the upcoming fight involving Jake Paul, a popular YouTuber, and former UFC champion Tyron Woodley on the 28th of August. Tyron is considered an underdog since he has little experience in boxing and this will be his first pro-boxing match.
Jake Paul is the favorite with an implied probability of 58.2% to win. Go ahead and place the bet if you think the fighter’s chance of emerging victorious is higher.
Review the Prop Bets
First, bettors are reluctant to place bets if the moneyline value looks too good to be true. New bettors often ignore such fights. It is wise to look at the other prop bets offered by the bookmakers.
Most of them offer generous prop bets that you can take advantage of without spending thousands of dollars. You can spice up the bet by placing a wager on a predetermined amount over/under a specific number of rounds.
You stand a chance to win big by taking advantage of high odds if the fight goes as predicted or not. Note that bettors are allowed to predict whether or not a particular fighter will be knocked out.
For instance; if you’re confident Jake Paul will be knocked out during the big fight against Tyron Woodley, you’ll have the chance to earn a huge payout on your bet as Paul is the favorite going into it.
Betting on Favourite Fighter to Win by KO
On the other hand, placing a bet that Paul will win by KO over Tyron Woodley, has a steep moneyline. However, before placing the bet, ask yourself why the odds are so high in his favour. Research to determine his previous performance against professional boxers such as Ben Askren and his ability to dominate a fight.
Concisely, the odds are high because you are betting on the fighter winning the match with a specific action: a knock out. The bookmakers offer generous payouts to bettors who place wagers on the specific number of rounds that a fight will last. The latter is difficult to predict, so don’t exhaust your bankroll on it.
Prop Bets are Risky
It’s tempting to place a bet on props with high odds of +2000 or thereabout. In 2020, for example, picking the exact round that Mayweather will win against Manny Pacquiao had exponential odds. However, very few bettors got it right, and the bookmakers who offered this market made millions of dollars from that fight.
Final Thoughts
Betting on boxing and MMA is a viable way of profiting from online betting.
In the highly anticipated Jake Paul vs Tyron Woodley’s boxing match, find out as much information as possible about each of them before placing the bet. Network with many professional tipsters to get insights on how to bet on upcoming matches.
