Boxing is one of the most popular sports globally, and betting on boxing has been a part of that popularity since the sport’s inception. Top boxers like Dmitry Bivol are so fond of this habit that they often acknowledge those who bet on them.
The only problem is that the world of betting is not as free and transparent as people think. First, most countries, especially the Muslim-dominated ones, do not condone betting. Secondly, evil characters are all over the internet and may take advantage of any loopholes.
But as technology has evolved, so have the modern ways we can bet on boxing. As a result, several Bitcoin betting sites are currently in the industry looking to take advantage of this technological evolution.
If you’re interested in learning more about how Bitcoin betting works and how you can use it to bet on boxing matches worldwide, read on!
Why Bitcoin Betting So important in the Modern Boxing World
Bitcoin is a digital currency that operates independently from any country or institution—it’s decentralized! It’s also easy to use and secure, with no need for intermediaries like banks or credit card companies (although there are companies who can help you convert your bitcoin into cash if you need it).
Bitcoin works by having users send each other small amounts of money over an encrypted network called the blockchain. The blockchain acts as an intermediary for all transactions made with bitcoin; when someone sends another person some bitcoins, those bitcoins go directly from one person’s wallet into another person’s wallet without ever being stored in an account somewhere along the way.
Bitcoin betting is one of the most trusted and fastest gambling avenues you will ever encounter with this technology. In addition, the encryption eliminates any chances of your data leaking into the wrong hand.
Bitcoin and other top cryptocurrencies being decentralized means that if you are betting online from a restricted country like Dubai or Saudi Arabia, you will easily bypass the numerous hurdles put by the respective authorities.
Bitcoin betting on boxing matches allows you to make wagers on upcoming events without having any problems with local authorities or banks trying to track down your transactions online before placing bets online during live events throughout the year!
The other beauty of Bitcoin betting is that it’s universal—it doesn’t matter where you live or what currency you use to bet. All you need is an Internet connection and some Bitcoin in your wallet!
You do not need to visit your bank now and then to make Bitcoin exchanges. Instead, all the transactions happen between your wallet and betting account.
How to Place Bets on Bitcoin Boxing Fights
If you’re a boxing fan and have some Bitcoin, you have to try betting on boxing fights. Betting on boxing is fun and exciting, but it can also be confusing if you’re not used to it. Here are the basics of how to place bets on Bitcoin boxing fights:
Understand the Basics of Boxing
Boxing is an art form, but it’s also a sport that requires hard-won knowledge. So if you want to place bets on bitcoin boxing fights, you need to know the basics of boxing to assess the odds and handicap fighters accordingly.
For example, suppose you’re placing a bet on a heavyweight match between two fighters with relatively similar weight classes. In that case, it makes sense to consider factors like age and experience level when assessing the odds of each fighter winning or losing.
On the other hand, if one fighter is significantly younger than another, this may give them an advantage in speed and agility even though they might not be as strong as their opponent.
Top sites like cryptocasinos360.com have the best analysis of some of the best odds in boxing and the entire sports betting industry. Such websites are advantageous for serious gamblers looking to make the best out of their wagers.
Know the Fighters’ Styles, Strengths, and Weaknesses
Once you’ve picked up some boxing knowledge, it’s time to start looking at the odds. This is where understanding the fighters’ styles come in handy—you’ll be able to assess whether they match up well with their opponent’s style or not.
The most important thing to consider is who the boxer is and what kind of record they have. If you’re betting on a boxer who has never fought professionally before, your odds will be low if their record isn’t good. But, again, it’s all about risk management! It might not be worth it if you have a lot of money riding on a fight, but the boxer doesn’t have a good record.
Another thing you should consider is whether or not the fighter has been injured before. If a player has a serious injury history, there’s a chance that they could get hurt again during this fight. So, if they get injured during this fight, your bet probably won’t pay out at all—which means no profit for you!
If a fighter has previously fought someone who had similar attributes (such as size and weight), their chances are higher than if they were fighting someone completely new (like someone smaller or lighter). This also applies if one fighter has more experience than another; that person will likely win.
Assess the Odds
The betting odds in boxing will depend on how strong each boxer is on paper and their experience level. The stronger boxers will have more chances of winning than those who are not as strong or experienced. It also depends on the specific odd allocation of the Bitcoin betting sites. For example, some sites offer more generous odds than others
Before you begin placing bets, you must assess the odds and decide which fighter you think will win. If you choose correctly, your bet will be successful, and you will win money!
You should first check out the current odds from various online sportsbooks to see if they offer any promotions or bonuses for new customers. This can help increase your chances of winning by placing larger wagers with lower risks if things don’t go as planned.
Boxing Betting Odds and Types of Bets
Many types of bets are available for boxing matches, including moneyline bets, round-by-round bets, and total round bets. You can place your bet on which fighter will win overall based on the total rounds won by each fighter during the fight. Let us further explain these below;
Moneyline Bets
A moneyline bet is a straight-up bet on who you think will win the fight. The bets work by comparing your boxer with the other boxer. You will be betting on who will win the match and how much should be paid out for each dollar bet on that person.
To win a moneyline bet, your fighter must win the match by knockout or technical knockout, or by decision—which means that they win all three rounds in a round-by-round bet—and there can be no draws or disqualifications in either fighter’s favor.
Round-by-Round Bets
In this type of bet, you’re betting on how many rounds it takes for one fighter to defeat the other fighter by knockout or technical knockout. This means that if one fighter gets knocked out in the second round and another fighter wins by decision after ten rounds have passed, whoever predicted that both fighters would be finished off in less than three rounds will have won their bet!
Total Rounds Bets
Total rounds bets can be placed on either side of the fight and will payout at odds based on how many rounds are won by each fighter. For example, if you bet that a fighter will win five rounds, you would receive 1/1 odds if they won exactly five rounds but if they won six or seven, you would receive 2/1 or 3/1, respectively, while if they lost all nine, your bet would be void.
Over / Under Rounds
Another popular bet with many sportsbooks is called an “over/under” bet. Bettors use this type of bet when there are no specific odds given for the fight outcome – instead, the bettor predicts whether there will be more than or less than a specific number of rounds in the fight.
For example, if someone were to place an over/under bet on a 10-round fight with an over/under set at eight rounds, they would win if there were nine or more rounds in the fight. (the under option). On the other hand, if there were less than eight rounds in total, they would lose their bet (the over option).