Following a hiatus of over two years from the sport, the UFC’s largest celebrity Conor McGregor is back in action, trying to reclaim his lightweight title from undefeated Khabib Nurmagomedov in UFC 229 in Las Vegas on October 6. The champ, Nurmagomedov, opened as the betting favorite at -160 together with the challenger, McGregor, coming back as the +120 underdog.
These two warriors have a lot of terrible blood coming from an altercation involving Khabib and Conor’s friend and teammate Artem Lobov earlier UFC 223 at New York in April. Now the highly anticipated struggle is official and sportsbooks such as BetOnline have been accepting wagers with this forthcoming bout.
To wager McGregor vs Khabib
If it comes to gambling for the first time, the odds you most commonly hear are on the moneyline. The opening moneyline had Khabib as the -160 favorite, while McGregor came back as the +120 underdog. Basically, moneyline is a fancy word for who is going to win.
However, what does +120 and -160 mean? Well, for the minus-money, you may have to bet 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 at +120 means that in case you bet $100, you could gain an additional $120 for a total of $220. On a smaller scale, for every dollar you bet on McGregor, you could gain $1.20, whereas you would need to bet $1.60 to gain $1 if you bet on Khabib.
The cause of 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 flip side, if you bet on Conor, that oddsmakers believe will shed, you can make more of a gain if he pulls off the upset.
So far this season when it comes to underdogs versus favorites, the underdogs have won 36.1 percentage of conflicts, with the largest upset by Paul Craig in +535 (for every dollar you wagered, you would have profited $5.35) over Magomed Akalaev.
With the introduction odds of -160 for Khabib and +120 for Conor, sportsbooks anticipate 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 star coming back in +500, which shows a huge disparity plus a more lopsided view of the bout.
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