Canelo Alvarez Odds: How to Bet on Canelo Alvarez to Beat Jaime Munguía

Canelo Alvarez Odds: How to Bet on Canelo Alvarez to Beat Jaime Munguía

Canelo Alvarez will be looking for the 61st win of his career tonight and will have extra motivation to do so against a fellow countryman, on Cinco de Mayo weekend.

This time 12 months ago, Canelo beat John Ryder, but now he will face fellow Mexican, Jaime Munguía, who is 47-0.

Canelo is the heavy favorite for this fight, and Munguía is not expected to be on his level, but we have seen this before. Dmitry Bivol beat Canelo as an underdog and just last month, Devin Haney was shocked by Ryan Garcia, so things happen in the ring...

With that said, Canelo will be desperate for another win tonight, not just because he's fighting a Mexican or because it is Cinco de Mayo weekend, but also to get one over on his former promoter. Oscar De La Hoya.

It is no secret that the two don't like each other, and there was another war of words at the presser earlier this week. There is clearly no love lost, and no signs of them making up, so Canelo will look to beat De La Hoya's shiny new toy, and put them both in their place.

We are now going to get into the latest odds, and betting markets, as well as provide you with the most exciting betting bonuses as we break down the best ways to bet on Canelo tonight.

Canelo Alvarez's Betting Odds Versus Jaime Munguía

Here are the latest Canelo Alvarez Moneyline odds tonight, as we see that he is the overwhelming favorite for this one.

At -430 the sportsbooks are implying that Canelo has an 81.1% chance of winning this fight.

On DraftKings, Canelo is -525 which suggests an 84% chance of winning, which is probably closer to the actual number. It would be a huge upset if Munguía won this one, given his lack of experience at this level.

Best New User Bonuses for the Canelo Alvarez Fight

Looking for a new sportsbook in time for the Canelo Alvarez vs. Jaime Munguía fight? Then check out our list of favorites below.

DraftKings Promo Code: Bet $5, Win $200 Guaranteed on Canelo Alvarez

It is so hard to see past Canelo Alvarez in this fight, even if we have the example of the Bivol loss, and Ryan Garcia's latest win as underdog against Devin Haney.

With this in mind, you are going to want to look for the best promotion for the Alvarez fight, and that is no doubt the DraftKings promo code. With this promotion, you will bet $5, get $200 in bonus bets guaranteed, no matter what happens in this fight.

You can look at this as a +4000 odds boost on Canelo or a safety blanket. Either way, it is the best way to bet on the favorite as a new user.

This DraftKings promo code is the most generous on the market and is not to be missed.

If you really wanted to bet against Canelo, this would also be the best way to bet on Munguía.

Sign up for this DraftKings promotion by following the steps below.

Step One: CLICK HERE or claim the offer below to add your DraftKings promo code to your account.

Step Two: Complete your DraftKings Sportsbook registration, and make your first deposit into your new account

Step Three: Place a $5 wager on the Canelo Alvarez Moneyline or any other bet featuring the fighter

Step Four: Now receive $200 in bonus bets, and keep any profit you make on your first bet

FanDuel Promo Code: Win an Extra $150 on Canelo Alvarez

The FanDuel promo code gives you another shot at winning bigger on Canelo, but on this occasion, the champion must win.

Yep, with the FanDuel Sportsbook promotion, you can lock in another $150 in profit, but only if your first bet wins. This means if your qualifying $5 bet is placed on Canelo you would need him to win to cash the bonus.

Unlike the DraftKings promotion, this is not one where you want to take a shot on the underdog, as there is no guarantee of a reward.

Sign up for the $150 FanDuel promo code below.

Step One: CLICK HERE or click the offer button below to redeem the FanDuel promo code ahead of Canelo Alvarez vs. Jaime Munguía

Step Two: Register for a new FanDuel Sportsbook account by following the instructions on your screen

Step Three: Once registered, deposit $10+ into your new account.

Step Four: Bet $5 on Canelo Alvarez (or Munguía) to win this fight.

Step Five: Now claim your $150 in additional bonus bets if your fighter wins, thanks to the FanDuel promo code

Bet365 Bonus Code: Bet $5, Win $150 on Canelo Alvarez

If you are in a state where bet365 is live, then you can lock in another $150 bonus win or lose, on this Canelo Alvarez fight.

The only stipulation with the bet365 bonus code is that your first bet needs to be placed on a market with odds of -500 or bigger.

Right now, Canelo is -500 to win on bet365, so a bet on him on the Moneyline would still qualify for the $150 bonus, but keep this minimum odds requirement in mind in case the odds change.

You could instead bet on Canelo to win by decision, or any other winning method market, to boost his odds and guarantee you are over the minimum odds threshold as a new bet365 customer looking to claim the $150 welcome bonus.

Follow these steps, to claim the $150 bet365 bonus code.

Step One: CLICK HERE or on the "Claim $150 Now" button below to secure the bet365 bonus code

Step Two: Complete your registration with Bet365

Step Three: Deposit $10 into your new Bet365 account

Step Four: Bet just $5 on Canelo Alvarez vs. Jaime Munguía

Step Four: Get $150 in bonus bets win or lose, with the bet365 bonus code

Alternative Betting Promotions for the Canelo Fight

Here are some other betting promotions you can claim to help you win bigger on Canelo Alvarez tonight.

• BetMGM Sportsbook: Use Code 'OCMAX1500' to claim a $1500 first bet on Canelo Alvarez
• Caesars Sportsbook: Get $1000 First Bet Cover for your first Canelo bet
• Fanatics Sportsbook: Get Bonus Bets Matched up to $1000 for your Canelo Alvarez wager

Best Betting Markets for the Canelo Fight Tonight

Moneyline - Bet on Canelo Alvarez to Win

He's as short as -525 in places, but Canelo Alvarez is expected to win this fight, and you can bet just simply on that happening in the Moneyline market.

Use the DraftKings promo code to essentially boost him to 40-1 to beat Munguía.

Method of Victory - How Will Canelo Win This Fight?

You can boost the odds of Canelo Alvarez winning this fight by predicting the winning method. For example, Canelo has won a lot of fights by Decision in recent years, so can Munguía take him to the Judges' Scorecards?

Fight Outcome

• Canelo Alvarez by Decision or Technical Decision −105
• Canelo Alvarez by KO/TKO/DQ +165
• Draw +2000
• Jaime Munguia by Decision or Technical Decision +700
• Jaime Munguia by KO/TKO/DQ +950

Exact Winning Method

• Canelo Alvarez to Win by KO +450
• Canelo Alvarez to Win by TKO +275
• Canelo Alvarez to Win by Disqualification +10000
• Canelo Alvarez to Win by Unanimous Decision +115
• Canelo Alvarez to Win by Split Decision +900
• Canelo Alvarez to Win by Majority Decision +1400
• Draw +2000
• Jaime Munguia to Win by KO +2500
• Jaime Munguia to Win by TKO +1400
• Jaime Munguia to Win by Disqualification +10000
• Jaime Munguia to Win by Unanimous Decision +1200
• Jaime Munguia to Win by Split Decision +2000
• Jaime Munguia to Win by Majority Decision +3500

4 of Canelo's last 6 wins have come by way of Decision, so the odds for that to happen again look decent value. With that said, Munguía is not at the same level as some of Canelo's opponents, so that must be considered.

The Judges' are generally unanimous in their support for Canelo if it gets as far as the final bell as well, so if you want a plus-money wager for Alvarez, it is probably best to opt for a Unanimous Decision win.

Canelo Alvarez vs. Jaime Munguia Picks

For picks from our expert handicapper tonight, check out our Boxing picks page here.

We like the +115 for Canelo to win by Unanimous Decision.

What Time is the Canelo Alvarez Fight?

Canelo's ring walk is scheduled for 11 pm ET. There are typically delays to the schedule in this sort of event, but the fans inside the T-Mobile Arena and all of you watching at home should be ready for an 11 pm start.

Canelo Alvarez vs Jaime Munguia PPV Prices

Find all the information you need for the Canelo Alvarez vs. Jaime Munguia PPV prices here.