The octagon lights go live in Sin City Saturday, when Jon Jones (23-1-0) puts his UFC light heavyweight championship on the line against Anthony Smith (31-13-0) as a heavy -850 favorite on UFC 235 odds.

Considered one of the G.O.A.Ts in UFC history, Jones has been untouchable in octagon action in 15 appearances since December 2009, and has renewed interest in UFC lines with his return. George St-Pierre is retired, Anderson Silva is winding down and Conor McGregor is living off boxing money - the UFC needs a new superstar fighter.

But with "Bones" pegged as such a massive favorite on Saturday night's bout at T-Mobile Arena, the challenge for sports bettors is to find value amid the wide variety of prop bets available on the UFC 235 main event fight card.

Whether you are a seasoned sports bettor or wagering for the first time, there are many ways to get involved in the MMA odds of the octagon. Here's your guide on how to bet on UFC fights with Bovada.

 

UFC 235 Moneyline Betting

The most popular form of UFC wagering is moneyline betting, which allows simple wagering on which fighter will win the match, with potential payout determined by odds.

 

 

As illustrated in the above example, Jones is a -850 favorite to retain his championship belt, which means you must bet $850 on the champion to win $100. Conversely, Smith is listed as a +525 underdog on those UFC odds, meaning a successful $100 bet will win you a tidy $525.

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UFC 235 Prop Bets

While moneyline MMA betting focuses on the fight winner, prop bets and live betting enables you to wager on all aspects of the action in the octagon, including length of the fight and method of victory.

Jones has claimed victory inside the first round on seven occasions during his pro MMA career, but has not finished an opponent inside five minutes since his TKO win over Chael Sonnen almost six years ago at UFC 159.

That has fueled strong -170 odds of the fight lasting OVER 1.5 rounds in total rounds prop betting, which means a successful $170 bet will produce a win of $100. However, opportunity exists on the UFC betting props for those who expect Jones to earn an early win on Saturday night.

Round betting options enable you to wager on the specific round in which the fight will end, and which fighter will prevail. Jones is pegged as a +270 wager in round betting to vanquish Smith in the first round of Saturday's contest, with the odds lengthening slightly to +300 for a second-round victory. But with four of Jones' past six fights going the distance, a wager on Jones winning the fight on points pays out on attractive +650 odds on the UFC 235 lines.

A veteran of 44 professional MMA fights, Smith has taken a long road to his first shot at a UFC title. The 30-year-old has finished opponents in each of his past three outings, further fueling strong -850 odds of Saturday's fight not going the distance.

However, the more intriguing betting options might be found on method of victory wagering which allows you to lay bets on both who will win the fight and by what method. In addition to being a -140 favorite to defeat Smith by knockout, TKO, or disqualification, Jones sports  +195 odds of handing Smith his fifth career loss by submission.

 

UFC 235 Parlay Betting

While the clash between Smith and Jones will be the biggest draw on the card, it is not the only fight available to wager on at UFC 235.

Tyron Woodley will defend his UFC welterweight crown against Kamaru Usman as a -175 favorite in Saturday's co-main event, while former UFC welterweight champion Robbie Lawler returns to action as a +225 underdog in his clash with Ben Askren.

With such a star-studded lineup to wager on, placing a parlay bet can add to your UFC 235 betting experience. With a parlay bet, you can combine two or more moneyline bets into a single wager, and benefit from longer odds and bigger potential payout.

For example, you can combine a wager on Woodley with a bet on Jones in a single parlay that will pay out on enhanced odds if both fighters come out winners.

You can also parlay a moneyline bet from one fight with a prop bet from another, and spread out the action over the course of the evening. Whether you are an expert or novice, you will have no shortage of options to choose from on the UFC 235 odds.

 

Jon Jones versus Anthony Smith UFC 235 Odds Preview

Jones is returning to the octagon for the first time since reclaiming the undisputed UFC light heavyweight crown with a decisive third-round TKO win in a rematch with Alexander Gustafsson at UFC 232 at . The victory extended his undefeated streak to 15 straight-fights ahead of Saturday night's bout live, at T-Mobile Arena.

With his win over Gustafsson as a -310 favorite, Jones improved his professional MMA record to 23-1 with one no-contest. The 31-year-old has earned victories inside the distance in 13 of 25 career contests, but has seen four of his past six fights go five rounds before getting the nod from the judges with a unanimous decision win.

After posting victories in each of his past three fights, Smith enters the octagon for his first-ever shot at a UFC title pegged as a lengthy +525 underdog on the UFC 235 lines. Smith emerged with a third-round submission win over Volkan Oezdemir as a +130 underdog in his last outing at UFC Fight Night 138 to improve his pro record to 31-13.

Smith has also walked away with Performance of the Night bonuses in his past two outings, but has never seen a fight go a full five rounds, contributing to the long +900 odds of the 30-year-old American earning a victory on points.

 

Tyler Woodley versus Kamaru Usman UFC 235 Odds Preview

Before Jones steps into the octagon in pursuit of a record ninth successful defense of the UFC light heavyweight title, Woodley hopes to defend his UFC welterweight championship crown as he battles Usman in Saturday night's co-main event as -175 chalk on the UFC 235 live odds.

Woodley has successfully defended his title on three occasions since being forced to settle for a majority draw with Stephen Thompson in his first clash as champion at UFC 205.

Woodley followed up with a majority decision win in a rematch with Wonder Boy as a -115 bet at UFC 209, and also needed five full rounds to eke out a win over Demian Maia at UFC 214. But the champion managed to dispose of Darren Till with a second-round submission win in his last fight at UFC 228, paying out once again on -115 UFC odds, and picking up a Performance of the Night bonus.

Pegged as a +145 underdog on the UFC odds in his first championship clash, Usman has rocketed up the rankings since joining the promotion, winning nine straight contests, including seven wins by decision, and sits as the No. 2 contender in the UFC welterweight division.

In other UFC 235 action, Cody Garbrandt returns to action after suffering consecutive losses to TJ Dillashaw that cost him the UFC bantamweight title. Garbrandt battles fellow bantamweight Pedro Munhoz as a -170 favorite, while Weili Zhang faces Tecia Torres as -130 chalk in a clash of women's strawweights, and former UFC welterweight champion Lawler looks to get back in the win column as he takes on Askren as a +225 underdog.

 

*Odds as of February 28, 2019