The online boxing betting world is a big industry. Boxing and betting have been intertwined since the very beginning. It’s a sport that brings to mind fistfuls of cash from excited bettors. So what’s a boxing bettor to do during the coronavirus pandemic? With so many cancellations, both new and experienced bettors are taking a step back and reevaluating.
Boxing is also one of the oldest major sports. It has been around for a long time, and it’s going to take more than COVID-19 to give it a KO. Let’s take a look at what you can do while we wait for things to come back online. We will also review where online sports betting has been, and when we can expect to get back in the action
What can you do in the meantime
While most of the sports world is on pause as the world is in the midst of the coronavirus pandemic, we are figuring out how to make the most of this time. We have a few recommendations so that when boxing comes back online for bets, you’ll be ready to go.
The first thing, if you have not yet, is to read a good online boxing betting guide. This cannot be overstated. Many may think that being a boxing fan prepares you to be a good boxing bettor. Read the guide and see just how much you will learn.
In addition to learning the basics of boxing betting, you should also be researching the different competitors. This is more than asking simply who is the best. You should also be watching for stamina, strength, and style. This type of knowledge will help you win the more complex prop or round bets.
Another thing you can do is to switch to UFC betting. While they have cancelled most events, the highly anticipated UFC 249 is still scheduled to take place on April 18th. They will fight without a live audience, but fight they will!
How was it before
Before the coronavirus, online sports betting was booming. In 2018, the Supreme Court of the United States ruled unconstitutional the monopoly that Nevada had on sports betting in US. This is how legal online sports betting spread across the country. Before everything closed down, online boxing betting was surging.
Legal Sports Report shows that in 2019, sports betting made $1,390,427,457. In eleven different states across the United States this industry raked in over $180 million in taxes.
The business was going up, up, up. Things have stopped on a dime. If you missed out on the first phases of the industry’s growth, you’re not too late. Make the most of this down time to be ready to win all the bets when boxing returns. This has been a whiplash for online boxing bettors and for boxers. To go from such a booming age to a sudden stop has been tough. We miss the excitement.
Also, unlike mainstream ball-and-stick athletes, boxers are usually subcontractors. This means that they do not get paid unless they fight. And they still have to cover all the costs related to their job. So all the training and travel invested in fights, they do not get that back.
What has been cancelled
Most boxing events are either cancelled or postponed. But these fighters can withstand more than most of us. This sport will return.
All PBC events for March and May have been postponed. It is the hope that these will be rescheduled. But with the way things are right now, we cannot be sure when this will happen.
For now, we can only see as far as the end of April. But with US-wide social distancing guidelines in place until then, it is difficult to imagine live audiences the day after, on May 1.
The Japan Boxing Commission has decided to reopen fights starting in mid-May. We can hope that they will not require another postponement. For now, we have to accept a level of uncertainty about when the fights will return. And do everything we can to be ready when the time comes.