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Conor McGregor vs Nate Diaz early UFC 196 betting odds peg 'Notorious' favorite

Steve Marcus/Getty Images

By now I'm sure most mixed martial arts (MMA) fans are aware that reigning Ultimate Fighting Championship (UFC) featherweight champion Conor McGregor will compete as a welterweight when he throws hands with Nate Diaz in the UFC 196 main event.

And he'll do it as the -360 favorite.

That's according to the betting lines over at Odds Shark, which by default, leaves Diaz -- no stranger to the welterweight division -- as the +300 underdog for their five-round pay-per-view (PPV) headliner, taking place inside MGM Grand Garden Arena in Las Vegas, Nevada, on Sat., March 5, 2016.

Rafael dos Anjos had a hand (and foot) in that.

McGregor was expected to fight Dos Anjos for the Brazilian's 155-pound title; however, an untimely injury sabotaged their grudge match, paving the way for Diaz -- who beat out the likes of Donald Cerrone and Anthony Pettis, among others -- for a "Notorious" lottery ticket.

To see how the late change affected the UFC 196 line up, check out the revised "McGregor vs. Diaz" fight card here.

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