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Opinion

Amanda Nunes at Plus Money Is the Legacy Trap Bettors Keep Walking Into

Nunes hasn't fought since June 2023, and even at +160 against Kayla Harrison at UFC 334, the price doesn't pay you for the questions.

Amanda Nunes
Photo: Amanda Nunes: MMAnytt, CC BY 3.0, via Wikimedia Commons

Every November the UFC parks a card at Madison Square Garden, and every November somebody I know bets with their heart instead of their calculator. UFC 334 on Saturday, Nov. 14, gives them plenty of material. Ciryl Gane makes his first defense of the undisputed heavyweight title against Josh Hokit in the main event. The co-main is the one that worries me, because Amanda Nunes is back, and a whole lot of people are about to treat her betting line like a coupon.

The price looks tempting. Sherdog’s Tom Feely, in his Yahoo Sports preview, listed Kayla Harrison at -192 and Nunes at +160, and he picked Nunes by second-round knockout. Uncrowned had it at Harrison -200, Nunes +150. That plus side implies somewhere between 38 and 40 percent for the greatest women’s fighter ever. Legacy bettors see that number and assume the books forgot who she is.

The books didn’t forget anything. They remembered the parts you’d rather skip.

The layoff is the whole story

Nunes is 38. She hasn’t fought since she beat Irene Aldana in June 2023, after which she retired and vacated the bantamweight belt. That is roughly three and a half years without a professional fight, and retirement layoffs are a different animal from injury layoffs. Fighters coming off an injury are usually still in a gym trying to get back. A retired fighter, by definition, decided she was done. I have a standing rule about laying chalk on fighters coming off long layoffs, and the only reason it doesn’t apply here is that Nunes isn’t chalk. The underlying problem doesn’t change because the sign in front of the number flipped. If a 38-year-old with 40-plus months off would be a bad bet at -150, she isn’t automatically a good one at +160. You just get paid slightly better for being wrong.

I have a long, ugly history of convincing myself a plus-money name was a “live dog” because I remembered how good they used to be. My bankroll has a short memory. It’s the only part of me that does.

What the tape and the stats actually say

Nunes was a terrifying finisher. She went 23-5 with 13 knockouts, and she holds the UFC bantamweight records for wins (13), finishes (eight) and longest win streak (nine), per the BBC. Nobody is arguing her peak.

But Feely’s own preview describes the early version of Nunes as a slugger with questionable endurance, and it points out she has been vulnerable to takedowns. The clearest example came against Julianna Pena in 2021. Nunes won the first round decisively, faded, and got submitted in Round 2. She cleaned it up in the rematch, but the template was set: if you survive the early storm and make her work, the tank becomes a factor.

Now look at who’s across the cage. Harrison is 19-1, a two-time Olympic judo gold medalist and a two-time PFL lightweight champion. Her only loss came to Larissa Pacheco in 2022, and she won the UFC bantamweight title from Pena in just her third fight in the promotion. Her judo in close quarters is exactly the tool you’d design to test a 38-year-old who has historically struggled with takedowns and late-fight fatigue. Harrison doesn’t need to win a kickboxing match. She needs to get hold of Nunes, put her down and make her carry weight for 15 or 25 minutes.

The best case for Nunes, and why I’m still passing

The strongest argument for the legend is that Harrison has her own rust. She had neck surgery that forced the January date at UFC 324 to be scrapped, Uncrowned called it a nightmarish year-long layoff, and Feely’s whole Nunes case rests on Harrison coming back tentative, with striking he describes as stiff, against a rare opponent with real one-punch power.

That’s a fair point, and it’s the reason I’m not screaming about Harrison at -200 like it’s free money. Still, compare the two layoffs. Harrison’s year away came while she was the reigning champion, actively rehabbing toward this exact fight. Nunes spent most of her time away retired. One fighter has been preparing for this fight since the first booking. The other walked away from the sport at 35 and is now 38. If you think both question marks are the same size, I’d like to sell you some UFC 324 tickets.

There’s also a weird wrinkle worth keeping in your back pocket. The BBC noted these two are friends and former American Top Team teammates, and Nunes left the gym in 2022. They’ve shared mats. Harrison knows what Nunes feels like in a scramble, and that kind of familiarity tends to favor the grappler who wants to close distance.

Where the money goes

My lean is Harrison straight up. If -200 is too rich for your blood, the correct play is to pass, not to talk yourself into the underdog because you watched the Ronda Rousey fight on YouTube last week. Do not, under any circumstances, stuff Harrison into a parlay with Gane at -210 and three other favorites and call it a lock. Gane is facing an undefeated 10-0 pressure wrestler, and Fightnomics noted Hokit throws more than twice Gane’s standing output. Favorites with hair on them don’t become safer when you staple them together.

Live underdogs are my favorite thing in this sport. A live underdog has a clear path and a price that underrates it. Nunes has a path, the right hand, but the price is about what that path is worth once you factor in 40-plus months off, a 38-year-old body and a judoka who wants to lie on her.

The main card starts at 9 p.m. ET Saturday on Paramount+. If Nunes lands the big one in Round 1, I’ll take my lumps on Monday. I’ve had plenty of practice.

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