Conor McGregor opens as nearly 3-1 favorite over ‘Cowboy’ Cerrone at UFC 246

The odds are out for the UFC 246 main event between Conor McGregor and Donald “Cowboy” Cerrone – and they favor the Irishman in a big way.

[autotag]Conor McGregor[/autotag]’s long-awaited return to the cage was something many MMA fans no doubt gave thanks for on the Thanksgiving holiday in the U.S.

McGregor (21-4 MMA, 9-2 UFC) is set to headline UFC 246 in January against [autotag]Donald Cerrone[/autotag] (36-13 MMA, 23-10 UFC), the promotion announced Thursday. The welterweight fight is one that has been talked about for several months, but as with all things McGregor-related seemed to be up in the air pending his decision to put pen to paper.

Now that the fight is official, the opening betting odds have been released – and former dual champion McGregor is a sizable favorite out of the gate. McGregor is a -278 favorite at BetMGM.com. The comeback on “Cowboy” is +200.

In other words, a $100 bet on Cerrone would pay out $300 (including the original $100 wager) if he pulls the upset in Las Vegas. A $100 bet on McGregor would pay out about $136 (including the original $100 wager) if he wins.

UFC 246 takes place Jan. 18 at T-Mobile Arena in Las Vegas. The main card airs on pay-per-view following prelims likely for ESPN and early prelims on UFC Fight Pass/ESPN+.

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It probably should come as no surprise that McGregor is favored. He’s only been an underdog twice in his career. In his featherweight title fight against then-champ Jose Aldo at UFC 194, Aldo was just a slight favorite at -135 to -110 for McGregor. McGregor knocked out Aldo in 13 seconds to win his first UFC belt. And in his lightweight title fight against champ Khabib Nurmagomedov at UFC 229 in October 2018, he was as much as a 2-1 underdog in a fight he lost by fourth-round submission.

Cerrone is on just the second losing skid of his career. After starting 2019 with back-to-back wins over Alexander Hernandez and Al Iaquinta, he has dropped consecutive bouts to Tony Ferguson and Justin Gaethje, both by TKO.

Before those setbacks, he was on a three-fight run that saw him pick up a bonus for his submission of Mike Perry, two bonuses for his TKO of Hernandez, and a “Fight of the Night” for his decision win over Iaquinta. He has the most post-fight bonus awards in UFC history with 18.

McGregor hasn’t won a fight in more than three years. In November 2016, he stopped Eddie Alvarez with a second-round TKO at UFC 205 to win the lightweight title. That made him the first fighter in UFC history to hold belts in two divisions at the same time. He was forced to vacate his featherweight belt soon after, having never defended it.

He never defended the lightweight title, either. He chose instead to take a highly lucrative boxing match with Floyd Mayweather in August 2017 in a turn that made him truly a global superstar. He eventually was stripped of the 155-pound belt, and Nurmagomedov claimed it to set up the pair’s vicious rivalry that culminated in a brawl after their fight and suspensions for both.

McGregor has become almost as well known for his issues outside the cage as his fighting. Several months before his fight with Nurmagomedov, he had a now-infamous incident in which he attacked a fighter bus at UFC 223 and was arrested. The brawl at UFC 229, though not started by him, didn’t help matters.

Earlier this year in Miami Beach, he was arrested for taking a man’s phone, smashing it on the ground, then walking away with it. Ultimately, the strong-arm robbery and criminal mischief charges were dismissed. But in August, video surfaced of McGregor punching a man in a Dublin pub. Earlier this month, he pleaded guilty to assault and was fined. Reports of sexual assault accusations also have surfaced, though he has not been charged.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship, and there is no influence on news coverage.

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