It is easy to forget when it is presented as spectacle and entertainment, which it is of course, that is also about risk taking. Boxers are by their very nature extreme risk takers as are promoters and managers. Like Fenster said in contests all around this country, which are not televised, boxers, promoters and managers/coaches will be rolling the dice every time two guys step through the ropes. Not just risk of serious injury and death which puts most people off. Risk of having a bad night at the office that ends your career. Risk of not attracting the sponsorship you need to get to the next level, Risk of your fighter ignoring or listening to advice form the corner that cost him or could have helped him win a decision. Risk of bad inept reffs, corrupt reffs, lousy judges, punters not buying tickets and so despite winning you don't get to fight on the next show. Risk of your investment saying something stupid or taking a dodgy supplement or getting into a fight on a night out,or being shot in the leg

, risk of being on such another level nobody wants to fight him. The list is endless.
You can't really compare a one off fight to a tennis, golf or team knockout tournament precisely because every time someone fights you are re-rolling the dice, and to a large degree resetting the odds. Form and past progress don't necessarily mean that much, unlike in non-combat sports where the rankings are often good predictors. In boxing there is a favourite but the consequences of losing are far bigger and can end careers if not seriously stall and hamper them. No dodgy risk taking irresponsible promoters and you have no boxing. If you want squeaky clean honest promoters, they would probably not even be interested in promoting boxing.
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