The clock is ticking ... literally.

We're just a few days away from the upcoming UFC 120: "Bisping vs. Akiyama" Spike TV event, which takes place from the O2 Arena in London, England, on Saturday, October 16.

And the closer we get to showtime, is less time that you have to place your bets.

This weekend's action is, of course, headlined by Ultimate Fighter (TUF) 3 Champion Michael Bisping, who tries once again to get into the 185-pound title hunt when he takes on International fighting star Yoshihiro Akiyama.

"The Count" is coming off a unanimous decision win over Dan Miller at UFC 114 earlier in the year, which may explain why he's been tagged as a -220 favorite against "Sexyama," whose UFC 116 loss to Chris Leben in July left him as a +175 underdog.

Perhaps the bookies weren't impressed with Carlos Condit's TKO win over Rory MacDonald at UFC 115 back in June -- or maybe they were overly impressed with Dan Hardy's ability to survive five rounds against Georges St. Pierre at UFC 111 last March.

Either way, the "Natural Born Killer" is wearing +145 to "The Outlaw's" -175.

Here are the latest UFC 120 odds (- = favorite; + = underdog):

Remember that MMAmania.com will provide LIVE blow-by-blow, round-by-round coverage of UFC 120 beginning with the Spike TV telecast at 9 p.m. ET on Saturday, Oct. 16. In addition, we will deliver up-to-the-minute quick results of all the under card action much earlier on fight night.

For the latest UFC 120: "Bisping vs. Akiyama" news and notes click here.