Following a hiatus of over two years in the sport, the UFC’s biggest celebrity Conor McGregor is back in action, looking to reclaim his lightweight title out of undefeated Khabib Nurmagomedov at UFC 229 in 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 coming 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.
The Way 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 favorite. Basically, moneyline is a fancy word for who is going to win.
But what exactly does +120 and -160 mean? Well, for the minus-money, you may have to bet that much to earn $100 so in the case of the scrap, you would wager $160 to make a gain of $100 for a total of $260. Betting on McGregor at +120 means that in case 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 could profit $1.20, whereas you would need to bet $1.60 to profit $1 in the event that you bet on Khabib.
The reason for this is oddsmakers give the advantage to Khabib to win and they want you to wager more for a smaller reward. On the flip side, if you bet on Conor, who oddsmakers think will shed, you can make more of a profit if he pulls off the upset.
So far this year when it comes to underdogs versus favorites, the underdogs have won 36.1 percentage of fights, with the biggest upset by Paul Craig in +535 (for each dollar you wagered, you would have gained $5.35) over Magomed Akalaev.
With the introduction chances 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 fighter opened at -800 together with the UFC star coming back in +500, which reveals a massive disparity plus a more lopsided view of the bout.
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