Wagering is accepted on most major bouts held throughout the world.
Wagering procedures require players to lay or take Money Odds on the fighter of their choice. Players can also place a bet on the number of rounds the fight will last.
Muhammad Ali............... -700
Mike Tyson..................... +550
Total Rounds.................... 5 ½
The minus (-) indicates the favorite. Ali is a 7-to-1 favorite.
The plus (+) indicates the underdog. Tyson is a 5 ½-to-1 underdog.
In this (hypothetical) example, if you wish to wager on Ali, you must lay equivalents of 700 to win 100. A $70 winning wager on Ali will win $10 for a total payback of $80. It does not matter when or how Ali wins, just that he is the official winner.
If Tyson should win, a $10 wager on him would win $55 for a total payback of $65.
If the fight ends in a draw, a $10 wager on the fight to end in a draw would win $120 for a total payback of $130. If a draw is on the board as one of the options to wager, only those who bet on a draw are winners. If betting on a draw was not available, whether or not bets to win are refunded depends on individual bookmaker rules.
The Total Rounds listed on a fight represents the total number of completed rounds. The halfway point of a round is at exactly one minute and thirty second. 5½ rounds would be one minute and thirty seconds of the 6th round. When betting on the total rounds that a fight will last, you must take the OVER or the UNDER. Regardless of who is declared the winner, the round in which the fight ends is the final round. Using the above example, if Tyson is knocked out more than halfway through 6th round, all bets on the OVER would be considered winners.
General Rules for Betting on Boxing
All matches must start within 7 days of originally scheduled time for wagers to have action.
A boxing match is declared official after the bell starting the first round has rung.
In most cases, if the number of scheduled rounds in a fight is changed, all bets will be "No Action".
A wager on a fighter to win by "KO" wins if the selected fighter wins by KO, TKO, or DQ.