Canelo Alvarez Vs. Gennadiy Golovkin 3: Odds Show Canelo As A Large Betting Favorite

A third fight between Canelo Alvarez and Gennadiy Golovkin has been negotiated and agreed to by both camps, according to multiple news sources. Unsurprisingly, Alvarez, who won the second fight after the first bout was declared a draw, is a sizeable betting favorite.

According to odds released on Tuesday afternoon by Betonline.ag, Alvarez is a -350 favorite, meaning you’d have to wager $350 to win $100. Golovkin, meanwhile, is a +260 underdog—which means you’d earn a $260 payday if you bet $100.

Both fighters are scheduled to take interim fights before they could meet, potentially in September in Dallas. Alvarez is supposed to face Billy Joe Saunders for his 168-pound super middleweight belt. Originally, that was scheduled for May 2, but because of the impact of coronavirus, that bout will likely have to be postponed until the summer.

Golovkin, meanwhile, is scheduled to face middleweight title mandatory opponent Kamil Szeremeta in June.

Alvarez and Golovkin have been bitter rivals since the first fight ended in a controversial draw (most observers believe Golovkin actually won that fight) in 2017. Alvarez failed a drug test before the rematch, leading to Golovkin brutalizing him in the press every chance he got. The second fight was also a close one with Alvarez winning a controversial decision in 2018.

Since then, Alvarez—who’s in the middle of an 11-fight, $365 million deal with the DAZN streaming service—has mostly said he has no interest in a third fight vs. Golovkin. DAZN, meanwhile, signed Golovkin to a $100 million deal for the purpose of bringing the two fighters together for a third time.

Though Alvarez had blown off Golovkin ever since, it seems like he’s acquiesced to the reality of fighting him now.

For context, Golovkin was about a -160 favorite and Alvarez about a +130 underdog before the first fight, and in the immediate aftermath of the second bout, Alvarez was the hypothetical favorite for the third match if it occurred in either 2018 or 2019. Back then, Alvarez was -130 and Golovkin was +100.

But considering Alvarez continues to dominate his opponents, including a stellar knockout of light heavyweight titlist Sergey Kovalev last November, and Golovkin—who will be 38 when he steps into the ring with Alvarez a third time—has looked shaky in his last few bouts, oddsmakers are more convinced than ever that Alvarez will be victorious to end the trilogy.

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