Ring King is a kind of tough game. You have to take your underpowered boxer up against a whole host of guys much more powerful and skilled than you are, which hardly seems fair.
So that's why I like to even the playing field a little bit.
When you're at the Training Gym screen
Grab a couple of controllers (or an NES Advantage with the snazzy switch to toggle between Controllers 1 and 2) and (quickly) press the following sequence.
Controller 2: A, Controller 1: A, Select, A, Controller 2: B, Controller 1: Select, Controller 2: A, B, Controller 1: B, B
You won't get any confirmation or anything, but when you go to the match, you'll notice that you can take all the punishment the other guy can dish out
And it won't cost you any stamina
You will actually have to land a few punches if you want to win, though, so it's not a total cakewalk.