Following a hiatus of over two years from the sport, the UFC’s largest celebrity Conor McGregor is back in action, looking to reclaim his lightweight title from undefeated Khabib Nurmagomedov in UFC 229 at Las Vegas on October 6. The champ, Nurmagomedov, started as the betting favorite at -160 together with the challenger, McGregor, coming back since the +120 underdog.
Both of these warriors have a good deal of bad blood coming from an altercation involving Khabib and Conor’s buddy and teammate Artem Lobov before UFC 223 at New York in April. Now the highly anticipated fight is official and sportsbooks such as BetOnline have been accepting wagers with this upcoming bout.
To wager McGregor vs Khabib
When it comes to gambling for the first time, the chances you commonly hear are about the moneyline. While McGregor came back since the +120 underdog the opening moneyline had Khabib as the -160 favored. Basically, moneyline is a fancy term for who is going to win.
However, what exactly does +120 and -160 mean? Well, for the minus-money, you would need to bet that much to make $100 so in the case of the scrap, you would wager $160 to earn a profit of $100 for a total of $260. Betting on McGregor at +120 means that if you wager $100, you could profit an additional $120 for a total of 220. On a smaller scale, for every dollar you wager on McGregor, you can profit $1.20, whereas you would have to wager $1.60 to gain $1 if you bet on Khabib.
The reason for this is oddsmakers give the edge to Khabib to win and they would like you to bet more to get a smaller reward. On the flip side, if you gamble on Conor, that oddsmakers think will lose, 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 percent of fights, with the biggest upset by Paul Craig at +535 (for every dollar you wagered, you would have profited $5.35) over Magomed Akalaev.
With the opening 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 celebrity coming back at +500, which shows a massive disparity plus a more lopsided view of this bout.
Read more: thenewright.news