Canelo Alvarez vs Gennadiy Golovkin 3 Odds: Alvarez's Odds Grow as Fight Night Arrives

Weeks after suffering the second defeat of his career, Canelo Alvarez's next fight was set, as he closes the trilogy against Gennadiy Golovkin. As the fight nears, we've got the Alvarez vs. GGG 3 odds and analysis for you below.

Jason Logan: Senior Betting Analyst at Covers
Jason Logan • Senior Betting Analyst
Sep 17, 2022 • 14:36 ET • 4 min read
Canelo Alvarez vs. GGG 3 boxing odds
Photo By - USA TODAY Sports

Weeks after suffering just the second loss of his career, Canelo Alvarez was setting up the next steps in his storied arc. The Mexican fighter confirmed the trilogy fight with Gennadiy Golovkin in June, with a rematch against Dmitry Bivol also in the offing.

The third fight between Alvarez and GGG will take place tonight and round out a long-wanted trilogy. The two will fight at 168 pounds after two bouts, the first of which ended in a draw, before Alvarez won the rematch in 2018.  

With fight night here, odds have seen movement for Alvarez vs. GGG 3, with the favorite's odds continuing to move. Check out the full odds below and check out our Alvarez vs. GGG picks for more.

Canelo Alvarez vs Gennadiy Golovkin 3 odds


Favorite Odds Underdog Odds
Canelo Alvarez -500 Gennadiy Golovkin +360

Odds courtesy of bet365, September 17, 2022.

Canelo Alvarez vs Gennadiy Golovkin 3 odds analysis

Boxing gets another great trilogy with Round 3 of Canelo vs. GGG. 

Alvarez is sitting as a -500 favorite for this final fight, despite losing a 12-round decision to Dmitry Bivol in May. That fight, in which Canelo was pegged as a -550 favorite, was supposed to be an easy outing for the WBA light heavyweight champ that would set the table for his third matchup with Golovkin. 

However, Canelo was listless in just the second loss of his career, possibly looking past Bivol to this big payday. Even after the loss, Alvarez’s camp skipped over a potential rematch to win his title back and jumped straight to GGG. 

Golovkin is coming back as a +360 underdog and after being down to +300 at some sportsbooks. He shook off ring rust in his latest bout in April, beating down a quality foe in Ryota Murata in classic GGG fashion. Despite it being his first fight since December 2020, Golovkin still showed devastating punching power and hand speed with a ninth-round TKO.

Canelo Alvarez vs Gennadiy Golovkin 3 tale of the tape

Canelo Alvarez   Gennadiy Golovkin
31 Age 40
5-foot-9 Height 5-foot-10
70.5 inches Reach 70 inches
57-2-2 (39 KOs) Record 42-1-1 (37 KOs)
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Canelo Alvarez vs Gennadiy Golovkin 3 card info 

  • The fight is set for September 17.
  • Canelo-GGG 3 will take place at T-Mobile Arena in Las Vegas.
  • Alvarez will move back down to 168 pounds for his third bout with Golovkin. 

How to read boxing odds

The most common way of betting on a boxing match is by picking the overall winner of the bout. With Fury being the favorite for this fight, his odds have the minus sign (-) in front of them at -1,500. This means that bettors would need to wager $1,500 in order to win $100. A Ngannou win would pay out more as he's the underdog at +750. This means that a $100 wager would profit $750. 

As we get closer to the fight date, other prop bets will become available, such as method of victory and round betting.

The odds listed above are in American format, but can easily be converted to decimal or fractional format via our odds converter tool. 

Get more boxing betting strategies in our How to Bet section and join the conversation with thousands of serious bettors in our Boxing Betting Forum.

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Jason Logan Senior Industry Analyst Covers.com
Senior Betting Analyst

In his 20 years with Covers, lead NFL betting analyst “JLo” has seen it all and bet it all. Through the wild west of early Internet gambling to lobbying for legalized sports betting to our brave new wagering world, Jason has been a consistent source of actionable info and entertainment for squares and sharps alike.

Since joining the Covers team back in 2005, he’s honed his handicapping skills to provide audiences with the most thorough insights, blending traditional capping methods with advanced modelling and predictive analysis. Jason has studied the ins and outs of the sports betting business, learning from some of the most successful gamblers in the industry and the biggest sportsbook operators on the planet.

He is under center for Covers during NFL season as our top NFL expert, taking the points in his infamous “NFL Underdogs” column and representing the Covers Community at the Super Bowl. While he lives for football season, Jason’s first love is basketball and that shows in his in-depth NBA, NCAA, and WNBA betting breakdowns.

On top of being a mainstay in media from coast to coast – WPIX, PHL17, Fox 5 San Diego, WGNO, TSN, SportsNet, ESPN Radio – he’s had his analysis featured in USA Today, MSNBC, ESPN, the Wall Street Journal, CBS, Bloomberg, the L.A. Times, the New York Times and other major publications. You can also find JLo stuffing all the top picks and predictions he can into 10 minutes as the host of Covers’ flagship podcast, The Sharp 600.

His best advice for bettors new and old is “Handicapping isn’t a ‘one size fits all’ process. The impact and importance of information varies from bet to bet. Treat each wager different than the last.”

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