Following a hiatus of over two years in the game, the UFC’s largest star Conor McGregor is back in action, looking to recover his lightweight title out of undefeated Khabib Nurmagomedov in UFC 229 in vegas on October 6. The champ, Nurmagomedov, opened as the betting favorite at -160 together with the challenger, McGregor, coming back since the +120 underdog.
Both of these warriors have a lot of bad blood stemming from an altercation between Khabib and Conor’s friend and teammate Artem Lobov before UFC 223 at New York in April. Now the highly anticipated struggle is official and sportsbooks such as BetOnline have been accepting wagers on this upcoming bout.
To bet McGregor vs Khabib
If it comes to betting for the first time, the odds you commonly hear are on the moneyline. The opening moneyline had Khabib since the -160 favorite, while McGregor came back since the +120 underdog. Basically, moneyline is a fancy word for who will win.
However, what exactly does +120 and -160 mean? Well, for the minus-money, you would need to wager that much to earn $100 so in the case of this scrap, you would bet $160 to make a profit of $100 for a total of $260. Betting on McGregor at +120 means that if you wager $100, you would profit an extra $120 for a total of 220. On a smaller scale, for every dollar you bet on McGregor, you can profit $1.20, whereas you would have to wager $1.60 to profit $1 in the event that you wager on Khabib.
The reason for this is oddsmakers give the edge to Khabib to acquire and they would like you to bet more to get a smaller reward. On the other hand, if you gamble on Conor, who oddsmakers believe will shed, you can make more of a profit when he pulls off the upset.
So far this year when it comes to underdogs vs favorites, the underdogs have won 36.1 percentage of conflicts, with the largest upset by Paul Craig at +535 (for each dollar you wagered, you’d have gained $5.35) over Magomed Akalaev.
With the opening odds of -160 for Khabib and +120 for Conor, sportsbooks anticipate a close struggle. For comparison, when Conor fought Floyd Mayweather Jr. in the past year’s superfight, the undefeated boxer opened at -800 together with the UFC celebrity coming back at +500, which reveals a massive disparity and a more lopsided perspective of the bout.
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