Donald Cerrone-Eddie Alvarez Betting Odds Nearly Even for UFC 178 Co-Headliner

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The mixed martial arts world continues to buzz about Bellator MMA releasing Eddie Alvarez from his contract and the UFC subsequently signing the Philadelphia native and inserting him into a bout at UFC 178 against Donald Cerrone.

Bookmakers have released their opening lines for the freshly announced UFC 178 bout between Alvarez and “Cowboy,” and Cerrone a slight betting favorite. The event will take place Sept. 27 at MGM Grand Garden Arena in Las Vegas.

According to BestFightOdds.com, the current best odds list Cerrone as the favorite at -115 or 20/23. On the opposite end, Alvarez is getting play at -105.

In layman’s terms, a bet of $115 on Cerrone would net you an additional $100 (plus your investment), while a $105 wager on Alvarez would earn $100 (plus the $105 back).