Most sports odds are presented in the same way. The favorite is represented by the minus sign (-), while the underdog is represented by the plus sign (+). You'll also notice that odds are usually based on bettors wagering $100. When you see +110 or -110, it means that the. Betting on negative (-) UFC odds means there's a greater chance of that particular outcome happening. Yes, the payout will be less than what you wagered, but the odds are still in your favor. Betting on positive (+) UFC odds means there's less chance of that particular outcome happening, but the payout will be higher than what you wagered.
- To understand decimal odds you always need to remember that your stake and profit are included in the odds. For instance, Jon Jones is favored to win the fight at 1.49 odds. If you bet $100 on Jones at 1.49, you'd win $149 back, which includes your stake and profits.
- Vegas odds are often referred to as 'American Odds' because Americans always have to be different. We ignore the metric system. We call football, soccer. We drive on the wrong side of the road. Why would sports gambling be any different? American odds are presented in the form of a $100 bet.
Vegas Odds Ufc Fight Night
If there's a sport that's getting more popular as time goes by, it's mixed martial arts (MMA). The Ultimate Fighting Championship (UFC) is, by far, the most popular promotion in MMA, both among sports fans and among bettors. If you belong to the latter category, you might be interested in learning more about Vegas odds in UFC.
That's exactly what we're going to deal with in this article.
So, what are ‘Vegas' odds? In a nutshell, those are the odds you will see in Nevada's land-based sportsbooks, which often differ from those available online.
For Example
Let's say you go to one of Las Vegas sportsbooks such as Golden Nugget, Wynn, or Caesars, that's where you're going to see odds displayed like this:
- Khabib Nurmagomedov (-150)
- Conor McGregor (-110)
- Stipe Miocic (+130)
- Shevchenko vs Maia Over 2.5 Rounds (-110)
You might have come across these sorts of odds, but this doesn't necessarily mean you know what they mean. The truth is that a large number of bettors have no idea what Vegas odds are, let alone how to use them to calculate their potential winnings. Luckily, we're here to help you learn everything about Vegas odds in UFC.
How Do UFC Odds Work?
If you see that odds on one fighter are presented as a negative number (e.g., Nurmagomedov -150), it means that they are the favorite. Likewise, if a fighter's odds come with a positive number (e.g., Miocic +130), it means that the fighter in question is the underdog in that bout. The higher the number, the bigger favorite/underdog the fighter is.
If both fighters are given the same odds (usually -110), it means that they have equal chances of winning. The same applies to all the other markets, like the total number of rounds, method of victory, and so on.
How to Calculate Vegas Odds in UFC?
Now that you know what Vegas odds in UFC mean, the next obvious question is how can you use them to calculate your potential winnings. There are two formulas to use, depending on whether the Vegas odds are displayed as a positive or negative number.
If it's a positive number, you should go with the following formula:
Vegas Odds/100 x Your Stake
The figure you get from this equation represents your net winning, but you should know that you will get your stake back as well.
If the fighter's odds are displayed in negative, you should go with this formula:
Your Stake/Vegas Odds x 100
How Vegas Odds Help You Pick the Fight Winner?
Keep in mind that Vegas odds do not equal true probability. The fact that a fighter is a favorite to win does not necessarily mean he/she is actually better than the opponent. At least, not in every case. Sometimes, Vegas odds are reflective of bettors' behavior. If they're wagering a lot of money on one player, the odds are going to change in his favor.
Still, in most cases, Vegas odds are as close as possible to true probability. The thing is that the oddsmakers employed by big-name Las Vegas sportsbooks are really good at their job. The result is that the fighters labeled as favorites by Vegas oddsmakers win the fights most of the time.
Using Vegas Odds to Calculate Fighters' Chances
You can use Vegas odds to calculate the favorite's chance of winning the fight. It's done through this formula:
Percentage = (Vegas Odds / (100 + Vegas Odds)) x 100
Note that in this formula you need to use a positive number, even though the odds on favorites are displayed as negative numbers. This may seem confusing, which is why we're going to explain it through an example.
Let's say you wish to see what are the chances of Jon Jones winning his next fight, you need to find the odds Vegas sportsbooks are giving on his win. If the odds are -120, for example, you need to divide 120 by 220 (100+120). The result you get, which in this case is 0.54, you need to multiply by 100 in order to get Jones' chance represented as a percentage. In this case, his chance of winning would be 54%.
Ufc Fight Odds Vegas
When it comes to calculating the probability that the underdog is going to win the fight, here's the formula you should use:
Percentage = (100 / (100 + Price)) x 100
In this case, too, you will get the fighter's chance displayed as a percentage. Apart from using these formulas to calculate chances of fighters winning, you can also use it for other wager types as well. This goes beyond UFC – you can use these formulas to calculate probability in literally any sport.
The 552nd UFC event, known variously as UFC Vegas 20, UFC Fight Night: Rozenstruik vs. Gane, UFC Fight Night 186, UFC on ESPN+ 44 and, probably somewhere, UFC Iggily Biggily Bazinga, will be held on February 27, 2021 at the UFC APEX in Las Vegas, Nevada.
These are The Odds, courtesy of the Father of MMA Odds Joey Oddessa. Follow him on Twitter.
+210
-250
+245
-290
+199
-234
+178
-208
+154
-179
+155
-180
+110
-130
+140
-160
+125
-145
+295
-370
How Odds Work
Unlike a spread on an NFL game where one team is ahead by a certain number of points (ex. Saints +7), in MMA fights, the line on the game is called a moneyline. These are the +/- used on UFC broadcasts. The figure is how much money you have to bet in order to win $100 (-), and how much a $100 bet will earn (+).
The moneyline is perhaps best explained via example:
JAIRZINHO ROZENSTRUIK +210
CIRYL GANE -250
In this fight, Gane is the -250 favorite, meaning if you bet $250 on him and he wins, you would profit $100. If he were to lose though, you would lose the full $250.
If you were to bet on Rozenstruik at +210, if you bet $100 on him and he wins the fight, you will profit $210. If he were to lose the fight, you would lose your original $100 bet.
Depending on how people are betting on the fights, the odds can shift from the moment they open, right up until the night of the fights.
In this case, too, you will get the fighter's chance displayed as a percentage. Apart from using these formulas to calculate chances of fighters winning, you can also use it for other wager types as well. This goes beyond UFC – you can use these formulas to calculate probability in literally any sport.
The 552nd UFC event, known variously as UFC Vegas 20, UFC Fight Night: Rozenstruik vs. Gane, UFC Fight Night 186, UFC on ESPN+ 44 and, probably somewhere, UFC Iggily Biggily Bazinga, will be held on February 27, 2021 at the UFC APEX in Las Vegas, Nevada.
These are The Odds, courtesy of the Father of MMA Odds Joey Oddessa. Follow him on Twitter.
+210
-250
+245
-290
+199
-234
+178
-208
+154
-179
+155
-180
+110
-130
+140
-160
+125
-145
+295
-370
How Odds Work
Unlike a spread on an NFL game where one team is ahead by a certain number of points (ex. Saints +7), in MMA fights, the line on the game is called a moneyline. These are the +/- used on UFC broadcasts. The figure is how much money you have to bet in order to win $100 (-), and how much a $100 bet will earn (+).
The moneyline is perhaps best explained via example:
JAIRZINHO ROZENSTRUIK +210
CIRYL GANE -250
In this fight, Gane is the -250 favorite, meaning if you bet $250 on him and he wins, you would profit $100. If he were to lose though, you would lose the full $250.
If you were to bet on Rozenstruik at +210, if you bet $100 on him and he wins the fight, you will profit $210. If he were to lose the fight, you would lose your original $100 bet.
Depending on how people are betting on the fights, the odds can shift from the moment they open, right up until the night of the fights.
Some say never bet until the weigh-ins, which streamed live on The UG at Noon ET on Friday.
The sport is built on moments that make you involuntary think 'HOLY F***ING S***!!!' Those can come unpredictably at any time, on any portion of the card, from any fighter. Thus, some bettors look to the underdogs, sometimes big ones, as the best bets.
As always, UG, you see any ‘dogs' you like?
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