Canelo vs. Munguia odds: Best boxing sportsbook promos and Canelo picks worth over $5,000 for May 4 bout

Legendary Mexican boxer Canelo Alvarez (60-2-2, 39 KOs) will defend his crown against fellow countryman Jaime Munguia (43-0, 34 KOs) on Saturday, May 4.

Canelo is one of the biggest draws in boxing, and with that, comes plenty of sports betting action on any of his fights.

New customers looking to get in on the action can use our exclusive promo codes to claim thousands in bonus bets for Canelo vs. Munguia odds. The best boxing sportsbooks listed below have hundreds of ways to wager, including:

• Moneyline
• Moneyline 3-way
• Round betting
• Method of victory
• Punch stat specials
• Total rounds
• Knockdowns

Read below for information from Caesars, BetMGM and more about their Canelo vs. Munguia betting offers:

Best Canelo vs. Munguia odds and Sportsbook Promos: Top boxing Betting Sites, Apps & Bonus Offers

Best Canelo vs. Munguia Betting Promos 2024

New customers can get in on the Canelo vs. Munguia action (and claim huge bonuses) by registering at any of the top U.S. sportsbooks listed below.

1. Caesars Sportsbook: $1,000 first-bet offer
2. BetMGM Sportsbook: Up to $1,500 bonus
3. BetRivers Sportsbook: Up to $500 second-chance bet
4. FanDuel Sportsbook: Bet $5, get $150 offer
5. Bet365 Sportsbook: $150 bonus or $1,000 safety net
6. DraftKings Sportsbook: $1,250 in total bonuses
7. ESPN Bet
8. Betway
9. Fanatics Sportsbook

Each of the top boxing betting apps have generous welcome bonuses for new bettors. Below, we are breaking down each one and detailing their bonus offers, promotions and more.

Canelo vs. Munguia betting sites 2024: BetMGM, Caesars, DraftKings and more boxing bonuses

All of the top boxing betting apps are complete with moneyline odds, as well as dozens of prop markets. Each site offers a generous welcome offer and ongoing promotions to take advantage of throughout the year.

1. Caesars Sportsbook Canelo vs. Munguia promo code PLAYS1000 offers $1,000 for boxing betting

Caesars is another one of the industry’s biggest names and thanks to its ongoing promotions and marketing star-power, it remains popular in each state where it operates. 

Caesars Sportsbook promo code PLAYS1000 for Canelo vs. Munguia unlocks a huge $1,000 first-bet bonus for all new customers ahead of the match.

• Click our Caesars promo links and register for an account.
• Make your first deposit and place your first bet on the sport/game of your choice
• If you fall short, Caesars is going to match any losses up to $1,000 and pay you back with bonus bets.

Bonus bets are added to your account within 48 hours and any bets earned from the Caesars boxing promo remain eligible for 14 days once added to your account.

2. BetMGM bonus code PLAYSPORT for Canelo vs. Munguia: Up to $1,500 welcome offer 

BetMGM bonus code PLAYSPORT guarantees access to a first-bet offer up to $1,500. Simply register, make a deposit and place your first bet. If it falls short, BetMGM will match those losses in bonus bets so you can take another crack at profits without risking anything extra funds. 

To qualify for the BetMGM bonus for Canelo vs. Munguia, simply click one of our links and follow these steps:  

• Sign up for BetMGM, then make your first deposit of $10 or more.
• Place an opening wager on boxing odds (or any bet of your choice) at BetMGM.
• If it loses, bonus bets matching your losses (up to $1,500) will be delivered to your account within 24 hours. 

If you do not use one of our codes to reach BetMGM, type PLAYSPORT into the proper section when claiming your bonus. 

Bonus bets cannot be withdrawn and must be used within seven days. Click our BetMGM bonus code links to get started.

Check out this BetMGM Sportsbook review page for more information.

3. BetRivers boxing bonus code RIVSPORTS: Up to $500 back for Canelo vs. Munguia

BetRivers Sportsbook houses tons of betting options, a loyalty rewards program and various ongoing promotions for new customers on top of their signup bonus, which involves getting losses paid back up to $500. 

Simply signup with BetRivers bonus code RIVSPORTS for Canelo vs. Munguia odds to activate a second-chance bet bonus up to $500 for all new customers. This means that if your first wager falls short, up to $500 will be paid back by BetRivers.

All that’s required is the creation of a new account by clicking on our BetRivers link, or by typing RIVSPORTS into the promo code space if you find the registration page on your own. 

Once you do that, make your deposit and place your first bet. If it loses, get 100% of those losses back up to $500 (depending on location) to try once again.

Register with BetRivers bonus code RIVSPORTS

For the BetRivers boxing promo, qualifying wagers must have odds of -200 or better (-175, +100, etc.). New customers must deposit at least $10 into your new BetRivers account.

Note: Players in IL, IN, LA, MI, MD, PA, and VA qualify for up to $500 back, while the maximum offer in CO and NJ is $250. Those located in AZ, IA, NY, OH, and WV are eligible for a $100 welcome bonus.

4. FanDuel boxing promo offers $150 for a $5 wager that hits on Canelo vs. Munguia

FanDuel Sportsbook is one of the most popular boxing sites due to its massive betting menu, ongoing promotions and generous welcome offer. 

The FanDuel promo code for boxing offers a $150 in bonus bets for just a $5 wager that hits following registration and deposit. 

New FanDuel users can wager on the boxing bet of their choice after registering and making a deposit. If that moneyline bet wins, $150 in bonus bets is coming into your account after that wager settles. That’s +4000 odds on your $5 bet. 

FanDuel Sportsbook welcome bonus bets show up in your account within 72 hours of your qualifying bet and must be used within 14 days of issuance.

Check out this FanDuel Sportsbook review page for more information

5. Bet365 Canelo vs. Munguia bonus code offers $150 or $1,000 first bet safety net for boxing betting

The Bet365 bonus code for Canelo vs. Munguia leads to a generous welcome bonus of $150 guaranteed for just a $5 bet. Here’s everything you get:

• $150 in bonus bets following a $5 wager (win or lose) once you sign up and deposit.
• Exclusive promos including bet boosts, parlay bonuses and early payouts.
• Tons of betting markets to choose. 

Simply register, deposit, and place a $5 bet on any eligible market for basketball. Win or lose, $150 in bonus bets is being added to your account once the wager settles, on top of any potential winnings. 

If bettors don't want to claim the $150 guaranteed, they can also opt for a first-bet safety net up to $1,000. This means that if the first wager is a loss, Bet365 covers those losses with a bonus bet reimbursement up to the maximum amount.

Bonus bets can be broken up into multiple wagers and are eligible for use on any market with a line of -500 or better.

Find more information on this Bet365 Sportsbook review page

6. DraftKings boxing bonus: Multi-part offer worth $1,250 for Canelo fight

DraftKings has a countless number of boxing props and one of the deepest betting menus around, complete with novelty props that can exclusively be found here. 

Registering for the DraftKings boxing bonus means qualifying for:   

• $50 bonus bet following deposit
• 20% match on that deposit up to $1,000
• Bet $5, win $200 guaranteed on your first bet
• Access to thounds of betting options

Simply register and make an initial deposit. This will qualify you for the first two parts of the DraftKings boxing bonus. From there, place your first bet of $5 or more to become eligible for the $200 win or lose, on top of any potential winnings.

The $200 in bonus bets are paid out as six $25 bonus bets and your $50 bonus bet after deposit will come as one lump sum. All bonus bets must be used within seven days of being issued at DraftKings.

2024 boxing props: Underdog DFS promo code BETFPB for Canelo vs. Munguia prop betting

Some legal betting states do allow boxing prop betting, but it’s much more widespread at a DFS site such as Underdog, which offers $100 guaranteed bonus when registering with our Underdog boxing promo code BETFPB when signing up. 

Underdog DFS allows you to choose Higher or Lower on boxing props, similar to an over/under. These picks can be strung together into one entry, similar to a parlay. The more picks you make, the more you can win! There’s also an option to win something even if every selection does not win. 

Canelo vs. Munguia prop bets:

• Canelo 0.5 knockdowns - Higher/Lower
• Canelo 165.5 punches landed - Higher/Lower
• Canelo 0.5 knockouts - Higher 1.25X odds boost

Note: Underdog DFS is not a sportsbook.

Canelo vs. Munguia odds and preview

In what has become a Cinco de Mayo weekend tradition, Canelo Alvarez (60-2-2, 39 KOs) will defend his unified super middleweight title against interim champion Jaime Munguia  (43-0, 34 KOs) on Saturday, May 4.

Alvarez (33) is the -600 favorite, but many believe that the +425 Munguia could create problems with not just his youth (27), but with his height and reach advantage.

Canelo has lost just once in the last decade, which came in 2022 at the hands of Dmitry Bivol by unanimous decision. Since then, Alvaraz has posted three straight victories.

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