Bet Online has released the odds for all the fights on the card, but in the main event, it is Ferguson who is a favorite at -160, while Gaethje is the underdog at +140.
A second title bout is set for the co-main event of the show as UFC Bantamweight Champion Henry Cejudo defends the gold against former UFC Bantamweight Champion Dominick Cruz. Bet Online states that the champion in Cejudo is a -520 favorite over Cruz, who comes in at a +200 for the title fight.
Ryan Spann is the biggest favorite on the card, as he comes in at -425 against fellow light heavyweight Sam Alvey, who enters the fight as a +325 underdog. The closest odds from a betting perspective comes from a middleweight division bout between Ronaldo Souza and Uriah Hall, with Souza being the favorite at -125 while Hall is the underdog at +105.
The complete odds for the UFC 249 card follow:
Sam Alvey vs Ryan Spann
Sam Alvey +325 (13/4)
Ryan Spann -425 (4/17)
Dominick Cruz vs Henry Cejudo
Dominick Cruz +200 (2/1)
Henry Cejudo -240 (5/12)
Justin Gaethje vs Tony Ferguson
Justin Gaethje +140 (7/5)
Tony Ferguson -160 (5/8)
Jairzinho Rozenstruik vs Francis Ngannou
Jairzinho Rozenstruik +220 (11/5)
Francis Ngannou -260 (5/13)
Jeremy Stephens vs Calvin Kattar
Jeremy Stephens +200 (2/1)
Calvin Kattar -240 (5/12)
Donald Cerrone vs Anthony Pettis
Donald Cerrone +120 (6/5)
Anthony Pettis -140 (5/7)
Yorgan De Castro vs Greg Hardy
Yorgan De Castro +160 (8/5)
Greg Hardy -180 (5/9)
Aleksei Oleinik vs Fabricio Werdum
Aleksei Oleinik +250 (5/2)
Fabricio Werdum -300 (1/3)
Michelle Waterson vs Carla Esparza
Michelle Waterson +130 (13/10)
Carla Esparza -150 (2/3)
Uriah Hall vs Ronaldo Souza
Uriah Hall +105 (21/20)
Ronaldo Souza -125 (4/5)
Niko Price vs Vicente Luque
Niko Price +220 (11/5)
Vicente Luque -260 (5/13)
Charles Rosa vs Bryce Mitchell
Charles Rosa +150 (3/2)
Bryce Mitchell -175 (4/7)
It should be noted that the odds for the card can fluctuate until the bouts officially take place, so keep checking Bet Online to see if the odds change.