Boxing Betting Odds Explained – Learn 3 Popular Formats and Master Decimal Odds for 97% Accurate Predictions in Sportsbooks with 3 helpful strategies from pros.
Boxing is one of the most thrilling sports to wager on sportsbooks offered by sites like W88 India. However, to thoroughly learn how to bet on boxing matches, you need to first learn one of the most important things which is the betting odds. In this article, we explore everything about boxing betting odds explained with examples from W88 sportsbooks.
How does Boxing Betting Odds work?
Let us quickly look into how does boxing betting odds work and for that it is important to understand how betting odds work in sportsbooks. Betting odds in sportsbooks is one of the most handy benefits that you can make use of to not only know the potential payout returns but also understand which player is more likely to win in the sportsbook. The more you explore the more you will understand how boxing betting odds work.
There are many different kinds of betting odds in sportsbooks and the three most famous ones are highlighted below with the Decimal odds being the most widely used format. Betting odds can tell you which team is more likely to win in the sportsbook as some odds come with more risks than the others. However, betting odds tend to change based on real gameplay taking place in real time. Follow through till the very end to get 3 strategies to turn odds into your favour as a bettor.
3 Boxing betting odds formats you should know
In this boxing betting odds explained session, let us look into the 3 popular formats you should know which one of them being more famous and widely used. These three formats are commonly found in Sportsbook over the years, and understanding them will help you pick the format most suitable for your gameplay.
Decimal: The first most famous betting odds format is the decimal betting odds that is widely used by many bettors across the globe. Decimal betting odds use the formula betting odds x betting stake to provide potential payout returns.
Moneyline: The second kind of popular format for boxing betting odds is the Moneyline format which lets you know how much to bet to win a particular amount with the negative and positive sign. For instance, if the odds are -5 in the sportsbook, then you must wager ₹5 to earn back double as the payouts return on winning bets.
Fractional: The last format that you should know about is the Fractional odds which is not really widely used still one of the popular format. The fractional odds are provided in Fraction for instance, if the odds are 2/4, then this means that you must wager ₹2 to earn back ₹4 as payout on winning bets.
Decimal Boxing Betting odds explained for beginners
As stated above, the decimal betting odds is one of the most widely used formats on the internet. This is thanks to the simple formula used making it easy for beginners as well as pros to use. In this section, we will provide you with boxing betting odds explained using the W88 sportsbook examples.
We will further elaborate the W88 boxing match example using a table below where we apply the decimal odds formula: Betting Odds x Betting Stakes = Total Payout returns.
Wagered on Player 1
Wagered on Player 2
Betting odds: 1.13
Betting odds: 5.20
Betting stake: ₹100
Betting stake: ₹100
Payout Return: ₹113.00
Payout Return: ₹520.00
As you can see, the table above highlights how the betting odds are multiplied with the stakes to give out the potential payout returns. But what you will also notice is that the higher odds pay more than lower odds in the sportsbooks. This is because higher odds come with more odds to defy whereas lower odds come with fewer odds to defy in the sportsbook. Thanks to this, higher odds pay more since there is more risks to them than lower odds. To know how to use this information to your advantage, read on.
3 Pro Tips to use Decimal Betting odds wisely
In the final section of this boxing betting odds explained let us leave you with 3 helpful betting tips to enhance your betting experience on odds. These tips are curated for beginners so that they can make accurate betting decisions on betting odds in sportsbooks online, so be sure to use them.
Make use of statistical data charts: The first thing you must do is look into the statistics of the players from the previous matches to get information on which player has the upper hand than the other to influence betting decision.
Observe some of the match before betting: To confirm the decision, it is best to at least watch one match round in the sportsbook before placing a bet since the odds tend to change based on live match outcomes.
Wager more on lower betting odds: Lastly, it is best to wager more on lower odds than the higher odds in the sportsbooks since lower odds come with fewer odds to defy and even though they pay less they make up for betting betting options than higher odds.
Conclusion
This was all about the Boxing Betting Odds Explained for beginners using the W88 sportsbook example. With this, you can now join the W88 website to begin your boxing betting journey in the sportsbooks to wager with accuracy and earn huge payout returns. For more helpful betting guides, strategies by experts, and tips and tricks for new players, keep visiting the W88indi website.
