This has always puzzled me, but I believe that the mental/psychological edge of having loaded wraps helps a fighter's chin or at least it gives them the courage to take punishment as they know full well that the beating they are handing out is much more painful and destructive to anything they might receive.
Look at Margarito fight vs Mosley...he attempted to use his same style but he was a little more timid after feeling Shane's punches which wouldn't have happened if Margarito had his loaded wraps...just my opinion though.
Look at Resto vs Collins...by all means Collins nailed Resto with plenty of power shots that really should have hurt him or stopped him or slowed him down and in previous fights it would have, but he had loaded wraps AND gloves that had been tampered with and that gave Resto the courage (and I use that term ever so loosely in describing what he felt) to keep attacking Collins.
I think loaded wraps gives a fighter a mental edge plain and simple....we'll see how this plays out with Cotto-Margarito II though, I think Miguel can stop him this go round.
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