Conor McGregor vs Eddie Alvarez odds: 'Notorious' opens as betting favorite for UFC 205

Ultimate Fighting Championship (UFC) featherweight champion Conor McGregor will battle lightweight kingpin Eddie Alvarez for the 155-pound title at the upcoming UFC 205 pay-per-view (PPV) event, set for Sat., Nov. 12, 2016 inside Madison Square Garden in New York City.

And he'll do it as the -150 favorite (down from his opening line of -185).

That's according to the oddsmakers over at Bovada, who pegged the newly-crowned lightweight champion as the +120 underdog. "Notorious" has opened as the underdog just once during his mixed martial arts (MMA) career and that was for his UFC 178 showdown against Dustin Poirier.

A fight that saw the line close at -300 for the Irishman, who won by first-round knockout.

Alvarez, meanwhile, has yet to open as the betting favorite for any of his UFC fights. In fact, he was +240 when his fight against Rafael dos Anjos -- once tied to McGregor -- was booked for last July. The former Bellator champion took the Brazilian to the woodshed in that fight and emerged with UFC gold.

Can he do likewise against McGregor?

For much more on the upcoming UFC 205 event in New York City click here and here.