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Betting on yourself to win in any fashion isn't illegal. Betting on your opponent to win would be illegal, since you can throw the fight to lose and win that bet.
Betting on the finish and the round would compromise the integrity of the entire fight. He has to go for broke, swinging wild and taking risks, with a few minutes left in round 2. Plus bookies wouldn't touch it for fear of collusion. You might be able to bet to win in individual sports but that would be about it.
Rose was banned from baseball just betting to win because as manager it still messes with the integrity of the game, maybe bringing in pitchers early in a rotation you normally never would have and things like that. But individual sports betting to win is probably ok. I don't think there is any way they can legally bet the round.
Look at the whole thing with Pac and people suing because he didn't disclose an injury and what it meant for the product and the betting line. Imagine if you found out after a fighter lost because he was trying recklessly to get a KO in a certain round because he bet on it or could have had a win in the 1st round but held off and then later lost or even just for those that bet on him to win in the first? There would be riots.