Following a hiatus of more than 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 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 lot of bad blood stemming from an altercation between Khabib and Conor’s buddy and teammate Artem Lobov earlier UFC 223 at New York in April. The highly anticipated fight is official and sportsbooks like BetOnline have been accepting wagers with this forthcoming bout.
To wager McGregor vs Khabib
When it comes to gambling for the first time, the chances you commonly hear are about the moneyline. The launching moneyline had Khabib since the -160 favorite, while McGregor came back since the +120 underdog. Basically, moneyline is a fancy term for who is going to win.
However, just what does +120 and -160 mean? Well, for your minus-money, you may need to wager that much to earn $100 so in the instance of this scrap, you would bet $160 to earn a profit of $100 for a total of $260. Betting on McGregor at +120 means that if you bet $100, you would gain an extra $120 for a total of $220. On a smaller scale, for each dollar you wager on McGregor, you could profit $1.20, whereas you would have to bet $1.60 to profit $1 in the event that you bet on Khabib.
The reason for this can be oddsmakers give the edge to Khabib to acquire and they would like you to wager more to get a smaller benefit. On the flip side, if you gamble on Conor, who oddsmakers think will shed, you can make more of a gain when he pulls off the upset.
So far this season when it comes to underdogs vs favorites, the underdogs have won 36.1 percent 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 introduction chances 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 with the UFC celebrity coming back in +500, which shows a massive disparity and a more lopsided view of the bout.