UFC 165 proved to be one of the best events of the entire year as the card was littered with sweet knockouts, slick submissions, and one of the greatest light heavyweight title fights in the history of the sport. Overall, eight betting favorites won while five underdogs hit. Here’s a betting recap of UFC 165 based on the closing odds at Several Bookmakers: UFC 165 Betting Favorites That Won In the main event of the evening, Jon Jones eeked out a close decision over Alexander Gustafsson to retain the UFC light heavyweight title in one of the best fights of all time. Jones closed as a -840 betting favorite (bet $840 to win $100), while Gustafsson was +660 (bet $100 to win $660), but anyone who saw the fight knows it was way more competitive than the line indicated. In the co-main event of the evening, Renan Barao defended the UFC interim bantamweight championship with a spinning back kick TKO over Eddie Wineland. Barao closed at -750, while Wineland was +600. In a lightweight matchup, Khabib Nurmagomedov dominated Pat Healy en route to a decision win. Nurmagomedov was -265, while Healy closed at +245. In a lightweight bout, Myles Jury lay-and-prayed his way to a split decision win over Mike Ricci. Jury was -420, while Ricci was +375. In a welterweight fight, Stephen Thompson KOed Chris Clements. Thompson closed at -440, Clements +395. In a lightweight bout, John Makdessi knocked out Renee Forte in round one with punches. Makdessi was -150, and Forte was +140. In a bantamweight fight, Alex Caceres defeated Roland Delorme via split decision. Caceres was -140 while Delorme was +130. In a heavyweight bout, Daniel Omielanczuk knocked out Nandor Guelmino in the third-round. Omielanczuk closed at -250, while Guelmino was +230. UFC 165 Betting Underdogs That Won In a heavyweight matchup, Brendan Schaub submitted Matt Mitrione with a first-round D’arce choke. Schaub closed at +140, while Mitrione closed at -150 after late steam. In a middleweight bout, Francis Carmont decisioned Costa Philippou via lay and pray. Carmont cashed at +130, while Philippou lost as a -140 fav. In a bantamweight match, Wilson Reis defeated Ivan Menjivar via decision. Reis closed at +115, while Menjivar was -125. In a bantamweight fight, Mitch Gagnon submitted Dustin Kimura with a first-round guillotine choke. Gagnon was +150, while Kimura was -160. In a lightweight match, Michel Prazeres defeated Jesse Ronson via split decision. Prazeres was +105, while Ronson was -115.