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Jon Jones opens as heavy betting favorite over Alexander Gustafsson in UFC 232 rematch

Jon Jones is back, and the oddsmakers like his chances to reclaim his belt.

With his rematch against Alexander Gustafsson finally official for Dec. 29, Jones opened as a heavy betting favorite to defeat his Swedish rival at UFC 232 and recapture the light heavyweight title he never lost inside the cage. Popular sports betting website Bovada opened Jones as a near 3-to-1 favorite (-280) to beat Gustafsson on Wednesday afternoon, while Gustafsson opened as more than a 2-to-1 underdog (+220).

Two-division champion Daniel Cormier is currently the UFC light heavyweight titleholder, however he will be stripped of that title once UFC 232 begins and Jones vs.