The UFC is one of the hottest things in the mixed martial arts scene today. With world class fighters, heavy funding, and wide advertising, this is really not a surprise. In fact, the UFC is watched by countless supporters all over the world.
A natural by-product of this popularity is sports betting. If you are already a sports betting fan, then it is but understandable that you would want to get your hands on UFC betting. You better hold your horses though, if you have no experience in UFC betting. How exactly does it work? Here is a good explanation by the guys at MMA Betting Blog:
Unlike football as basketball where there are point spreads (ex. -7, +13.5) UFC fights have odds which are called moneylines. A moneyline is basically a way for the sportsbooks to even out the betting public. So for example if Chuck Liddell was fighting a no name guy in his first fight, Liddell would be a HUGE favorite, probably around -4400 or so (44 to 1). If there was no moneyline, you could just bet on the favorite everytime, and become a millionaire pretty quickly.
So here is an actual example from a UFC fight, that will explain the odds a bit better.
Tito Ortiz (-140)
Rashad Evans (+120)
In this matchup, Tito is the favorite at -140. This means that for every $1.40 you bet, you win $1. So if you were to bet $140 on Tito, you’d win $100 (profit) if he is victorious. Rashad is the underdog in this match at +120. This means that for every $1 you bet, you will win $1.2o. So if you bet $100 on Rashad, and he wins, you will win $120 (profit).
The moneylines on UFC fights will often change with the amount of money coming in on each side. If a bunch of money is coming in on one side, the sportsbook will adjust the moneyline to even out the action and get bettors betting on the other fighter. With that said, whatever the odds are when you place your bet, is the odds you get. They don’t change like in horse racing.
Not a bad deal as long as you know what you are getting into.