Boxing is a sport that is popular around the world. The sport has never really become a mainstream sensation in the American market save for its golden days nearly a century ago. Apart from just a few moments during the year when two or three sporting events take place, there is not much else happening in the boxing world for the rest of the year. This is why the prospects of betting in this sport have been giving stakeholders in the realm some hope. Sports betting is already allowed in various other sports in markets around the world. Recently, the PASPA was reversed by the Supreme Court. This paved the way for big impacts in various sports. So, can sports betting help revive boxing to its former glory?
The Betting Process
For betting enthusiasts, the real question is whether it is possible to participate in the sport without going through too much betting hassle. The answer to this is – the boxing betting prospects are great for enthusiasts. To start with, the participant only needs to bet on two prospects. The only other subsets that exist is predicting the rounds needed for a fighter to take the win. Predictions for whether the match will end in a decision or knockout.
Undoubtedly, boxing is one of the easiest and most engaging sports for placing bets. It is easy to track the game and there is a straightforward process of determining the wins. But that does not necessarily raise the stakes of winning. The players can only depend on their luck and insight – just like in many other sports. What is certain though is that the vast majority of people who will be attracted to bet in the boxing sports will do so because of the easy process involved.
Everyone is aware of the of the dominance of Las Vegas when it comes to entertainment. The city has one of the biggest concentrations of casinos in the USA. This does not mean that it should be the only location that the biggest betting events take place though. With the PASPA ruling, it can be possible to move some of the events in other locations. This means that people can be free to move their betting prospects wherever they want. While this will not necessarily establish new major entertainment spots in other areas, it can open up the sport for a bigger widespread market.
In the East Coast, boxing has seen some form of a resurgence in recent years. Atlantic City played host to one of the big events televised in HBO. As with all other previous boxing events, the casinos that were involved in creating the event were not necessarily hoping to benefit directly from it. Instead, they were using the event to draw more people to the casino slots. The great thing is that the new changes in regulations have already started showing signs of positive prospects for the boxing industry. When gambling and boxing fully merge, the overall effect will be the acceleration of the sport.
Like other kinds of sports, there is no denying that the boxing world will improve as a result of betting. With people using smartphones and mobile devices, there is no doubt that the stakes will be raised even for other sports too. People love to do their betting conveniently. In addition, betting makes fans invested in the game. Those who will get involved in the boxing world will thus find themselves watching the game just to see how their betting prospects are. But boxing is not about in terms of its nature as a sport. As an individual sport, big bets might be a little concerning for regulators.
Regulated sports betting is undoubtedly a big part of what can help lift up boxing among other sports. Boxing is already a sport that has so much potential considering that the rest of the world is very positive about the sport. A couple of things need to be fixed for the sport to be popular again in the USA though. Like other kinds of sports, fan engagement in the form of betting is crucial for keeping the sport going. Regulated betting can thus improve the sport but it will not exactly make boxing the top sport.