Canelo vs Crawford: Betting Odds Shift, Crawford Gains Ground

Canelo Álvarez vs. Terence Crawford: The Bets are Heating Up

The boxing match between Canelo Álvarez and Terence Crawford, scheduled for Saturday, has generated great interest in the world of betting. Although Álvarez started as the favorite, the situation has changed as the fight approaches. Initially, Álvarez was positioned as the favorite with odds of -225 against Crawford’s +175. However, in mid-summer, Álvarez’s odds extended to -175, while Crawford’s decreased to +140. Recently, the line settled at Álvarez -170 and Crawford +140. In the three-way line, the odds are: Alvarez -160, Crawford +150 and the draw +1200.

This line is falling like a rock.

Johnny Avello, DraftKings Director of Sports Betting

The betting public is showing strong support for Crawford, the underdog, taking advantage of the attractive odds. The majority of bets are backing Crawford, and some bookmakers report that the 37-year-old has received a higher volume of bets. According to Alex Rella, a BetMGM sportsbook operator, Crawford has received more than twice as many bets as Canelo on the two-way line. Although most of the betting action is expected to concentrate in the last 24 hours, high-level bettors could tip the scales towards Álvarez, looking for better prices.

I anticipate that the action will move more in Alvarez’s direction as we get closer to fight night.

Alex Rella, BetMGM oddsmaker

Even though professional boxing isn’t as attractive for betting as before, an event of this magnitude is welcome for both betting houses and fans.

The Canelo-Crawford fight is expected to be the most bet-on boxing event of the year, even surpassing other major events. In addition, the fight will benefit from a full sports day.

With a full day of college football as a prelude, and this event being widely accessible without a PPV wall, I wouldn’t be surprised to see participation increase even more on Saturday afternoon and evening. This event is shaping up to be one of the biggest boxing events we’ve offered.

Adam Landeka, Vice President of Growth and Strategy for ESPN BET Sports Betting