- Legal Boxing Betting Rules
- Understanding Betting Odds Boxing
- How Does Boxing Betting Work
- Legal Boxing Betting Against
January 26th, 2021 Weekly Report
January is almost over and we are settling right into 2021. So, that means that the sports betting news in the United States has only just been ramping up. Keep reading to see all of the amazing online sports betting moves that happened this past week!
If you want to find our more on some major topics not covered in this article you can check out the rest of VegasInsider with our exclusive bet365 bonus code for example!
Like most other sports, celebrity boxing odds are often presented in a live betting format. Live boxing betting allows you to place wagers on fight outcomes during the fights themselves, as the odds change based on the round-by-round performances of the popular pugilists in the ring. Legal California sports betting presents an opportunity unlike any other in the United States for sportsbook operators. As the most populous state in the Union and home to a $3 trillion economy that would rank number 5 in the world if it was its own country, California may very well be the Holy Grail for legal online betting in the US. However, progress has been slow as tribal casino groups. Online Boxing Betting USA. Boxing is a sport most Americans are familiar with. Even if you have never watched a single fight, chances are you have heard of the American boxing greats like Sugar Ray Robinson, Muhammad Ali and Mike Tyson.The idea of betting on a boxing.
Contents
Bally's Comes Out Swinging
The company Bally's has come up with a strategy to become vertically integrated in the United States online gambling marketplace. And, as a result, Bally's had bought Monkey Knife Fight, a daily fantasy sports operator. The acquisition cost up to $90 million in stock.
The deal between Bally's and Monkey Knife Fight is anticipated to be finalized during the first quarter of the year. At the time of this writing, Monkey Knife Fight is the third largest daily fantasy sports operator in North America. Currently, Monkey Knife Fight has 180,000 registered users as well as 80,000 depositing players.
The daily fantasy sports operation for Monkey Knife Fight is currently offered in thirty seven states. The acquisition by Bally's means that the company will then have access to customers in states that do not yet have legal sports betting. And, that will give Bally's greater access to this untapped pool of players as soon as those states allow legal sports betting.
This tactic, as demonstrated by other daily fantasy sports operators like DraftKings and FanDuels, gives the companies an edge when it comes to sports betting. At this time, FanDuel Sportsbook and DraftKings Sportsbook are two of the biggest names in legal online sports betting in the United States. When customers get to know operators through daily fantasy sports, it is only natural to trust the same operator when they are able to offer legal sports betting.
Bally's is looking forward to acquiring a list of potential sports betting customers in Florida, California, and Texas — markets that could explode in the sports betting world. Once these states have legal sports betting options, they are expected to account for around 20-25% of the sports betting revenue in the United States. And, the acquisition will also help Bally's get a foothold in Canada, which is another market expected to legal sports betting in the coming months.
An operator's ability to offer daily fantasy sports on top of potential sports betting can make all the difference. Bally's is hoping that will help them keep players who may have been tempted to jump ship for FanDuel or DraftKings in order to play fantasy. The recent acquisition makes Bally's just the third sports betting operator to own a daily fantasy sports firm.
How is South Dakota Sports Betting Shaping Up?
Last November, by referendum, the residents of South Dakota approved legal sports betting in Deadwood. However, the language that was approved also created a loophole when it comes to mobile sports betting.
Federal law does not dictate whether bets have to be placed on a device or on a server. And, South Dakota sports betting legally has to take place at a Deadwood casino. However, that technicality can be fixed by having the mobile betting servers housed at the physical casino.
The legislation SB 44, which was introduced by the South Dakota Committee on Commerce and Energy, has language that suggests exactly that route. However, the language and restrictions do not apply to the eleven tribal casinos in South Dakota. Under federal law, tribal casinos are able to offer any games that have been authorized by the specific state's legislature on tribal land.
The language may hinder the growth of South Dakota sports betting before it's even begun. Sports betting enthusiasts in South Dakota were excited about the inclusion of mobile betting in the legislation. However, the bill also requires the sports bettor to register in-person in Deadwood, South Dakota at a casino. And, this inconvenience may cause bettors to look elsewhere for their sports wagering fix.
For reference, Sioux Falls, South Dakota is a five and a half hour car trip from Deadwood, South Dakota. However, Iowa, which has legal sports betting, is only twenty minutes away from Sioux Falls. And, perhaps coincidentally, in-person registration requirements for sports betting expired very recently in the state of Iowa.
In the South Dakota sports betting legislation, it would cost $2,000 annually for a sports betting license for an operator. The bill does not allow any betting on South Dakota college sports events. This restriction includes no prop bets that would focus on an individual college athlete's performance.
Most excitingly of all, the in-person registration requirement could be altered after the passage of the bill. However, there is no expiration date included as it was with Iowa's sports betting legislation.
The legislation does have one final issue that has come up. This is the definition that is provided for a professional sporting event. The definition listed is 'a sporting event, other than a minor league sporting event, in which two or more persons participate and receive remuneration in excess of their out-of-pocket expenses for participating in the event.'
In the past, this type of definition has caused issues for certain sports and sporting events. For instance, there were some PGA Tour events that did not meet the language requirement for professional sporting events in the state of Illinois. As a result, these events were not available to bet on in the state.
Are We About to See Massachusetts Sports Betting?
Sports betting operators have long wondered when they would be able to break into the Massachusetts market. And, it appears that time may be coming sooner rather than later.
Massachusetts state Senator Brendan Crighton has finally filed the sports betting bill that has been promised. Senator Crighton hopes that this will be the start of legal Massachusetts sports betting. The legislation, SD 177, appears to be pretty straightforward, a result of modifications over the years to perfect the bill for passage.
SD 177 would require any gaming operator to pay an up-front fee of ten million dollars if they want to participate in Massachusetts sports betting. Sports betting revenue in the state would be taxed at a rate of 15%. And, SD 177 does not allow for betting on any in-state college sports or sporting events.
With neighboring states New Hampshire and Rhode Island establishing legal sports betting more than a year and a half ago, Massachusetts is late to the game. However, the state hopes to gain some ground and bring in some bettors who may have fled to those states for their needs.
SD 177 also outlines who would be able to get a license to offer Massachusetts sports betting. The two full-service casinos in Massachusetts, Encore Boston Harbor as well as MGM Springfield, plus the Plainridge Park racino operated by Penn National would all be in line. So, Barstool Sportsbook, WynnBET, as well as BetMGM would all be guaranteed licenses.
Horse racing tracks as well as off-track betting facilities would also be able to apply for licenses. Any new racetracks that hoped to receive a license would need to invest at least twenty five million dollars within a period of three years to qualify. Mobile-only sports betting operators are also encouraged and able to apply for licenses.
These licences would last for five years and have the offer to renew for a $1.25 million fee. As of this writing, there is no limit on licenses that can be issued through the state. Senator Crighton hopes the legislation could bring in seventy million dollars to the state even before a single bet is even wagered.
However a possible roadbump has arrived in the form of Representative Bradford Hill. Hill also has a sports betting proposal. And, this could impede the rollout of Massachusetts sports betting by a lot.
Hill's proposal, HD 118 and HD 119, would create a special commission whose job it would be to thoroughly study online sports betting. This commission would consist of eight members, including appointees from the Massachusetts Gaming Commission, leaders in the House and Senate in the state, and Massachusetts Governor Charlie Baker.
This eight person commission would have to meet within thirty days of the passing of the bill. And, a recommendation from the commission on the sports betting legislation would need to be submitted within one hundred and twenty days of the passing of the bill.
Hill's bill would also tax daily fantasy sports revenue at a rate of 15% in the state. And, it would require an application fee of 1.5% of the operator's gross revenue from the year before or $100,000, whichever amounts to less. As of this writing, daily fantasy sports is legal in Massachusetts, however there is no tax structure currently in place.
Conclusion
We are not even a month in to the new year and already so much has happened on the legal sports betting front. So, even if your state does not currently have legal sports betting at this time, that could change by the end of the year. Make sure to come back next week to see the most exciting happenings in sports betting news from the week before!
Written by Allie Nelson, our US Sports Betting Industry Expert. You can learn more about our author's expertise.
Legal Boxing Betting Rules
Boxing has a long history in the Philippines and is the one sport that has produced the most recognizable names in Filipino sporting history. Boxing began before the Spanish colonization period when martial arts and fighting with weapons were popular among Filipino's. Filipino's had their own version of boxing called Suntukan, which means bare-hand fighting. During the Spanish rule, Arnis, Kali, and other weapon technique fighting was banned but underground clubs started bare-knuckle fighting for entertainment. The years after the Spanish colonization proved to be the most fruitful years and lead to 3 golden ages of boxing in the Philippines. Today legal boxing betting in the Philippines is practiced in multiple ways and the sport is more popular than ever in the Philippines and across the world.
Is It Legal To Bet On Boxing In The Philippines?
Yes, Filipino's can bet online with legally licensed offshore sportsbooks or at the domestic sportsbook MegaSportsWorld (MSW). MSW offers boxing and many other sporting events to residents 21 and over that register an account with them. At MSW you will not be able to bet on domestic sporting events as the law forbids it but since most of the bigger names fight outside the Philippines it is very likely that there will be big boxing events that you can bet on at MSW locations. Filipino's are also allowed to legally bet on boxing events with online sportsbooks if they are offshore and licensed by their gaming regulators. Online players will find several incentives including convenience, online bonuses, and portability options. Online players can wager on any sporting event, even Philippine amateur boxing events without the worry of prosecution. Advances in modern technology now allow for Philippine legal mobile sportsbooks to be played on any device, tablet or smartphone.
Best Legal Sportsbooks For Betting On Boxing In The Philippines
| Site Name | Current Bonus | Payout Speed | PH | Play Now |
|---|---|---|---|---|
| 50% Max $1,000 | 24-48 Hours | Play Now Review | ||
| 50% Max $1,000 | 48 Hours | Play now Review | ||
| 50% Max $1,000 | 48 Hours | Play now Review | ||
| 50% Max $500 | 48 Hours | Play now Review |
Can I Legally Bet On Boxing Online In The Philippines?
Yes, residents can legally bet online via offshore licensed sportsbooks. Philippine sportsbooks and domestic casinos are not allowed to offer their sportsbooks online to Filipino's by order of the President. However, there is no Philippine gambling law that states online sportsbooks are illegal, it is suggested that Filipino's only play sportsbooks that are legally licensed and regulated by gaming commissions to minimize the risks involved with online gambling. Online sportsbooks offer bonuses and conveniences that can't be matched by domestic sportsbooks in or outside of Manila. Bonuses are prevalent online and can be beneficial to frequent players or players just getting acquainted with online betting. Our Philippine online sportsbook reviews section is a great place to gather more information about online sportsbooks and see our favorite sites that will accept Filipino registrations.
Understanding Betting Odds Boxing
Boxing Odds Explained
Boxing odds work like all other odds found in sports betting. Money line and over/under bets are closely associated with the sport of boxing and favorites are often determined by their odds. A fighter that has a (-500) money line is a heavy favorite to win the fight and a bettor would have to wager $500 to win $100. A fighter that has (+1000) money line is a huge underdog and bettors who risk $100 would win $1,000 if their fighter won the fight. Over/under bets are also often associated with boxing and usually look a lot like money line bets but offer different scenarios. An over/under bet might look like 'Under 5 rounds -110, over 5 rounds -110', meaning that a player would choose either above or over and would then have to wager $110 to win $100. Betting on boxing doesn't always consist of who wins the fight, there are also a lot of propositional bets and players can even bet on who will win individual rounds among other things. Our guide to Philippine online sports betting goes further in depth and is a useful tool for players looking to go online and bet on boxing.
Philippine Golden Ages Of Boxing
How Does Boxing Betting Work
As mentioned above the Philippines has already had 3 golden ages of boxing in its short professional history. In 1921, boxing was legalized, and the Olympic Boxing Club was established in Manila. The first golden age emerged when Filipino fighter Pancho Villa won the universal world flyweight championship in 1923. He would go on to defend his world title 3 times before he died in 1925. The second golden age of fighters was in the 1950's when Gabriel 'Flash' Elorde beat the reigning world featherweight champion Sandy Sadler in the Rizal Memorial Sports Complex in Manila. Elorde would go on to win the world super featherweight championship in 1960. He was the most popular Philippine fighter since Pancho Villa. Gabriel 'Flash' Elorde defended his title 10 times and held his status for 7 years. The third golden age began in 1998 when Manny Pacquiao won his first flyweight world championship. Pacquiao would go on to win world championships in more than 8 different weight divisions making him a legend in the sport. In the early 2000's Pacquiao was named 'Fighter of the Decade' by the Boxing Writers Association of America.
Philippine Boxers
Legal Boxing Betting Against
There have been many Filipino boxers over the past 100 years that have put Filipino boxers on the world map but here are just a few of the most outstanding boxers based on their accomplishments and awards.
Manny Pacquiao
The most awarded Filipino boxer in history is now a Senator of the Philippines, Manny Pacquiao. He is accredited for revamping the sport and aspiring many young fighters across Asia. He is considered a legend of the sport and will go down in history as one of the all-time greatest fighters in the world.
Nonito Donaire
Donaire has won 4 world championships in 4 different weight classes. In total, he has won 7 world titles in recent years. In 2012 he was named fighter of the year by the Boxing Writer Association of America. He is still active, and his current professional record is 38-4 with 24 KO's.
Gabriel 'Flash' Elorde
Elorde made his professional debut in 1951 and would go on to be the longest reigning world junior lightweight champion ever. He is accredited for ushering in the 2nd golden age of boxing for the Philippines and ended his career with a professional record of 88-27-2 with 33KO's.
Pancho Villa
Pancho was only 5'1' and never weighed more than 115 pounds but would ultimately become the first Asian to win the World Flyweight Championship. He was never knocked out in his entire professional career but died when he was only 23 from complications following a tooth extraction. He professional boxing record was 89-8-4.
Resources For Boxing Fans In The Philippines
