Boxing ring

Definition and stakes

Portrait of John Boyle O'Reilly John Boyle O'Reilly,  Athletics and Manly Sport (1890)

“ In speaking of boxing, it is not necessary to apologize for prize-fighting or prize-fighters. It is enough to study the growth and worth of boxing as a healthy and manly exercise. But even for the prize-ring, much might be said to show that to it alone is due whatever is known of order and fair play in a personal encounter.
"The rules of the ring" are the condensed opinions of fair-minded men as to what is to be and is not to be allowed in a personal fight, whether public or private (except the London Ring Rules, for which see pages 7 and 89) . Every unfair method is condemned
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Source: Wikisource

Various,  Encyclopaedia Britannica, 11th Edition…

“ When the points are equal the decision is given in favour of the boxer who has done the most leading, i.e. has been the more aggressive. Fouls are hitting below the belt, kicking, hitting with the open hand, the side of the hand, the wrist, elbow or shoulder, wrestling or “roughing” on the ropes, i.e. unnecessary shouldering and jostling.
The boxing rules of the American Amateur Athletic Association differ slightly from the British. The ring is roped but must be from 16 to 24 ft. square. Gloves must not be worn more than 8 oz. in weight.
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Source: Gutenberg

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