First off, if you are a sports bettor living in New Jersey, consider yourself a bit of a trend setter. That's because your state opened the doors to all others seeking to legalize sports betting in all forms, including online. It was back in 2018 when the Supreme Court ruled in favor of the New Jersey fight against PASPA (the Professional and Amateur Sports Protection Act of 1992). In a blink of an eye, once that ruling was made, New Jersey legislators pounced on passing a new law that legalized sports betting. The rules and regulations developed as a result have been "borrowed" many times over as a blueprint for many other states in the country that have followed suit. So, pat yourself on the back knowing that your desire to place a sports wager is something to be proud of and to not take lightly.
There Is No Shortage Of Matches To Choose From
Here's the beautiful thing about boxing. You don't have to live in Las Vegas to see a fight or bet on one. Each year has several different bouts at multiple levels with fighters working their way towards countless titles. In other words, you have a lot of potential betting opportunities when it comes to boxing. The best thing to do is seek information on the legal sportsbooks that are in operation in your state and check the lines they have on each bout. According to the New Jersey Division of Gaming Enforcement (DGE), there are 10 brick-and-mortar and 15 online/mobile sportsbooks in operation. This includes online apps such as BetMGM.
More On BetMGM
BetMGM is currently available in five US states including Colorado, Indiana, Nevada, West Virginia, and New Jersey. It is both a website and a mobile app and is one of the few in operation that offers online poker, online casino games, and online sportsbook all under a single login. The developers continue to improve the way the platform operates which has increased speed, added new betting selections, and generally given the program an extreme makeover to enhance the user experience. Ultimately, it makes sense as the easier it is to use, more people will use it and that is a winning solution for bettors in New Jersey turning to online sports betting for their favorite sporting activities such as boxing.
The Basics Of Boxing Betting
Okay, let's strip it down to the very basics. You have two fighters competing against each other in a match. Each is vying for a win and there are a few ways in which the winner is decided. There is a points system used where points are awarded for each punch landed or knock out punches. These are called KOs. Each match contains rounds, sort of like periods of play in hockey but much shorter in time. Each round is a few minutes each and there can be twelve or more rounds for a complete boxing match. Due to the structure of a boxing match, there are several types of bets that can be made.
A Look At The Different Types Of Boxing Bets
There are three main types of boxing bets. They are identified as Total Bet, Knock Out Bet, and Moneyline Bet. Here is a breakdown of what each of these bets entails:
A Total Bet gives you two factors of a match to bet on. You can bet on how many rounds the match will go or you can bet on the number of points awarded to the boxers during the match. These are offered in an Over/Under betting format so you can discover how much your homework on each fighter helped you with your betting.
Knock Out Bet
The name should give you a hint of the nature of this kind of bet. It is where you wager on a fighter losing the match due to a KO. If there is no KO, you don't collect. Not all matches include these types of bets, but most of them do.
A Moneyline Bet is essentially a "Win" bet. It is a bet where you have to correctly select the winner of the match. A line will be provided and that will test your skill and knowledge of both fighters.
The History Of Legalized Sports Betting In New Jersey
As mentioned, New Jersey blazed the trail for all other states to follow in the quest to legalize sports betting. In New Jersey, that occurred on June 11, 2018. The first brick-and-mortar retail sportsbook was launched three days later with the first legal mobile sportsbook opening over a year later on August 8, 2019. The largest monthly handle recorded to date was in August 2020 at $667,979,150. Although it took a while for mobile sportsbooks to get established in the state, there are currently more of them licensed than brick-and-mortar ones in New Jersey. This is an important fact as the state is the only one with legal sports betting that collects over 80-percent of its monthly handle through online/mobile wagers. This is an impressive stat that points to the success of mobile apps in the sports betting industry and indicates that there is a market for more players to enter this field. Both as bettors and as software providers.
Boxing is an exciting sport to watch and is equally as exciting to bet on. If you live in New Jersey, you are a trendsetter of sorts as it was your state that opened the floodgates that led to the legalization of sports betting. Many other states have used the guidelines established in New Jersey as a template for their own state legal sports betting laws. With sports betting legal in New Jersey, boxing fans have several different ways they can wager on a match. There are three main types of wagers including Total Bet, Knock Out Bet, and Moneyline Bet. Depending on the sportsbook you use, you may find some exotic options for betting. BetMGM is one such sportsbook with a mobile app that makes betting on boxing easy and fun.