Canelo Alvarez is back on Saturday, and for the first time in years he’s walking to the ring as the challenger. He takes on undefeated WBC super middleweight champion Christian Mbilli at Kingdom Arena in Riyadh, live on DAZN pay-per-view.
We’ve rounded up the best sportsbook promos for new users this weekend, along with a bet to place at each book.
Canelo Alvarez vs Christian Mbilli | Saturday, Oct. 31, 2026 | Kingdom Arena, Riyadh, Saudi Arabia | DAZN PPV
This fight was supposed to happen Sept. 12 before a personal matter for Alvarez pushed it back seven weeks. Both fighters will be coming off a layoff of more than 13 months. Canelo (63-3-2, 39 KOs) hasn’t fought since losing a unanimous decision to Terence Crawford in September 2025, the first defeat of his career since 2022. Mbilli (29-0-1, 24 KOs) fought to a split draw with Lester Martinez on that same card.
Canelo is 36 and has been in 28 major title fights. Mbilli is the bigger man on paper, with an inch of height and nearly two inches of reach, and he’s never been in a fight close to this size. The books still believe in the name. Canelo opened as a solid favorite and has stayed there all week.
Canelo vs Mbilli Odds
Odds are subject to change
Total Rounds: 10.5 (Over -475, Under +300)
BetMGM Sportsbook: Christian Mbilli Moneyline (+250)
BetMGM is offering new users bonus code FOXNEWS, which covers your first bet up to $1,500. If it loses, BetMGM refunds your stake in bonus bets. That makes it the right book to take a swing on the underdog. Mbilli is undefeated, he holds the belt, he has the size advantage, and he’s 36-year-old Canelo’s first opponent since the Crawford loss. Bet $100 on Mbilli at +250 and you collect $350 if he wins. If Canelo gets it done, you get a $100 bonus bet back.
How to Sign Up and Claim the BetMGM Sportsbook Bonus Code
- Click any of the “Claim Bonus” buttons on this page. This will take you directly to the BetMGM app or website and automatically apply the promo code.
- Select Sign Up and create a new account by entering personal details (name, email, date of birth, address and last 4 digits of SSN).
- When prompted, enter promo code FOXNEWS to ensure the offer is applied.
- Make your first deposit of at least $10 using an accepted payment method (PayPal, Venmo, debit card, online banking, etc.).
- Place your first real-money wager on any eligible sport.
- $1,500 First Bet Offer: a refund is triggered only if the first bet loses.
- The refund is provided in bonus funds and is equal to your first bet.
- Bonus bets are credited to your account within 24 hours once the qualifying bet settles.
FanDuel: Canelo Alvarez by Decision (-135)
FanDuel is offering new users a chance to earn up to $250 in bonus bets from a $5 wager. Bet $5 today to earn a $50 bonus bet token, then repeat that for five days to collect five tokens worth $250 total.
Canelo’s best version has always been the one that breaks opponents down over 12 rounds. Against a younger, undefeated champion with a reach edge, and coming off more than a year away, expect a patient Canelo who wins rounds rather than hunts the knockout. The decision and the knockout are priced the same, and the decision is the more likely path.
How to Sign Up and Claim the FanDuel Sportsbook Welcome Bonus
- Visit FanDuel, download the app or click the offer button to claim the FanDuel promo.
- Create a new account and complete account registration and geolocation check.
- Once your account is verified, deposit at least $5 into your account.
- Place a $5 or more wager on a game of your choice.
- Receive $50 in bonus bets after the wager is graded.
- Make another $5+ wager for up to five days in a row to receive up to $250 in bonus bets.
- Bonus bets expire after seven days.
- For more information, review the FanDuel promo code page.
Fanatics Sportsbook: Canelo Alvarez Moneyline (-330)
Fanatics Sportsbook is offering new users promo code FOXNEWS350 to bet $20 and earn $350 in FanCash. The FanCash comes regardless of the result, so this is the spot to keep it simple. Canelo has been in more title fights than Mbilli has had pro fights, and the market has backed him all week. Bet $20 on Canelo to win and collect $350 in FanCash once the wager is graded.
How to Sign Up and Claim the Fanatics Sportsbook Welcome Bonus
- Visit Fanatics Sportsbook by clicking the applicable “Claim Bonus” button on this page.
- Create a new account and complete account registration, KYC and exchange account verification.
- Once your account is verified, deposit at least $20 into your account.
- Use promo code FOXNEWS350.
- Place a $20 wager on Canelo vs. Mbilli.
- Receive $350 in FanCash after your wager is graded.
- For more information, review the Fanatics Sportsbook promo page.
bet365: Over 10.5 Rounds (-475)
bet365 is offering new users $200 in bonus bets from a $10 wager, win or lose. The qualifying bet needs odds of -500 or longer, and the over on total rounds fits at -475. Both fighters have been out for more than a year, Canelo hasn’t stopped anyone in years, and Mbilli has never been knocked out. This one should go deep.
How to Claim the bet365 Promo
- Click any “Claim Bonus” button on this page to go directly to bet365.
- Select Sign Up and create a new account by entering personal details (name, email, date of birth, address, last 4 digits of SSN).
- Make a minimum first deposit of $10 using an accepted payment method (PayPal, debit card, online banking, etc.).
- Place a $10+ real-money bet on any market with odds of -500 or longer. Win or lose, you’ll receive $200 in bonus bets once it settles.
- Bonus bets are credited within 24 hours of the qualifying wager settling.
- For more information, review the bet365 promo code details.
