ALL WAGERS HAVE ACTION IF BOUT TAKES PLACE BY 12-31-2012
UFC fights are becoming the most bet on events in sports, and most bettors really don’t have any clue about how to bet on UFC fights. I’ll explain where to bet on UFC, how to bet on UFC and how UFC and Mixed Martial Arts (MMA) odds work.
Unlike football or 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 gamble $140 on Mr Ortiz, you’d win $100 (profit) -if he beats Rashad.
Rashad is the underdog in this match at +120. This means that for every $1 you bet, you will win $1.20. So if you bet $100 on Rashad, and he is victorious, you will take home $120 (profit).
The moneylines on UFC fights will often change with the amount of money being bet on each side. If a pile of money is coming in on one side, the sportsbook will adjust the moneyline to even out the action and get bettors gambling on the other fighter. Whatever the odds are when you place your bet, is the odds you get.
