Following a hiatus of over two years in 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 at vegas on October 6. The champ, Nurmagomedov, started as the betting favorite at -160 with the challenger, McGregor, coming back since the +120 underdog.
Both of these warriors have a lot of bad blood stemming from an altercation between Khabib and Conor’s buddy and teammate Artem Lobov before UFC 223 at New York in April. The highly anticipated fight is official and sportsbooks such as BetOnline have been accepting wagers with this upcoming bout.
The Way to bet McGregor vs Khabib
If it comes to gambling for the first time, the chances you most commonly hear are on the moneyline. While McGregor came back since the +120 underdog the launching moneyline had Khabib since the -160 favored. Basically, moneyline is a fancy word for who will win.
But what can -160 and +120 mean? Well, for the minus-money, you would have to wager that much to earn $100 so in the instance of this scrap, you would bet $160 to make a profit of $100 for a total of $260. Betting on McGregor in +120 means that in case you wager $100, you would 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 need to bet $1.60 to profit $1 if you wager on Khabib.
The cause of this is oddsmakers give the edge 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 when he pulls off the upset.
So far this year when it comes to underdogs versus favorites, the underdogs have won 36.1 percentage of conflicts, with the largest upset by Paul Craig at +535 (for every dollar you wagered, you’d have profited $5.35) over Magomed Akalaev.
With the opening chances of -160 for Khabib and +120 for Conor, sportsbooks anticipate a close struggle. For contrast, when Conor fought Floyd Mayweather Jr. in last year’s superfight, the undefeated boxer opened at -800 together with the UFC star coming back in +500, which reveals a huge disparity plus a more lopsided view of the bout.
Read more here: https://calbalance.com/wp/2019/10/21/soccer-betting-symbols/