UFC 137 odds: BJ Penn opens as slight betting favorite over Carlos Condit

SYDNEY, AUSTRALIA - FEBRUARY 27: BJ Penn of the USA walks into the arena before the start of his welterweight bout agains John Fitch of the USA as part of UFC 127 at Acer Arena on February 27, 2011 in Sydney, Australia. (Photo by Mark Kolbe/Getty Images)

If fight fans have lost faith in B.J. Penn, which they most certainly have seemed to, their sentiments have apparently been echoed by oddsmakers.

Or maybe it's more about how much confidence is growing in the skills of Carlos Condit.

The odds opened today for the upcoming fight between the two scheduled for UFC 137 on Oct. 29 in Las Vegas, Nevada, and "The Prodigy" is the slight favorite at -125 while "The Natural Born Killer" comes in just on his heels at -105.

That's according to Nick Kalikas of BetOnFighting.com, who released the lines today.

Interesting to note here is that the line is likely to shift dramatically if the action on Condit picks up as it is widely expected to. His four fight win streak, including consecutive "Knockout of the Night" winning performances, have his stock higher than it's ever been.

But is he ready for a step up this big? And should the line really be this close?

Penn will make his way back to "Sin City" for the first time since Jan. 2009 when he was brutalized by Welterweight Champion Georges St. Pierre at UFC 94.

Follow up victories back in the lightweight division over Kenny Florian and Diego Sanchez had pundits calling him the greatest 155-pound fighter of all time. Until, of course, he ran into the Frankie Edgar freight train.

Since that time he's just 1-2-1 with his latest fight going to a draw against Jon Fitch. That may seem impressive at first, considering Fitch's status in the 170-pound division, but the lasting image of that night is a battered and bruised "Prodigy" contemplating retirement after a third-round beatdown.

Combine all of these factors and it's easy to see why confidence is high in Condit and low in Penn. But, as they say, this is why they fight.

Thoughts on the betting line, Maniacs? Right around where you thought it would be or a little surprised at how close it is? And who are you putting your money on?

Sound off!

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