After a hiatus of over two years from the sport, the UFC’s largest celebrity Conor McGregor is back in action, trying to recover his lightweight title from undefeated Khabib Nurmagomedov in UFC 229 at Las Vegas on October 6. The champ, Nurmagomedov, opened as the betting favorite at -160 with the challenger, McGregor, coming back as the +120 underdog.
These two warriors have a good deal of bad blood stemming from an altercation between Khabib and Conor’s friend and teammate Artem Lobov earlier UFC 223 in New York in April. The highly anticipated struggle is official and sportsbooks like BetOnline happen to be accepting wagers with this forthcoming bout.
To bet McGregor vs Khabib
When it comes to betting for the first time, the odds you commonly hear are about the moneyline. While McGregor came back as the +120 underdog, the opening moneyline had Khabib as the -160 favored. Fundamentally, moneyline is a fancy word for who will win.
But what can +120 and -160 mean? Well, for the minus-money, you may have to wager that much to make $100 so in the instance of the scrap, you would wager $160 to make a profit of $100 for a total of $260. Betting on McGregor in +120 means that if you bet $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 gain $1.20, whereas you would need to wager $1.60 to gain $1 if you bet on Khabib.
The reason for this can be oddsmakers give the advantage to Khabib to win and they would like you to bet more for a smaller reward. On the other hand, if you bet on Conor, that oddsmakers think will lose, you can make more of a profit when he pulls off the upset.
So far this season when it comes to underdogs vs favorites, the underdogs have won 36.1 percentage of fights, with the biggest upset by Paul Craig at +535 (for each dollar you wagered, you would have profited $5.35) over Magomed Akalaev.
With the opening chances of -160 for Khabib and +120 for Conor, sportsbooks expect a close fight. 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 in +500, which reveals a massive disparity and a more lopsided perspective of the bout.
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