TLDR
- Former two-time UFC champion Deiveson Figueiredo is a +525 underdog against Payton Talbott at UFC 332
- Talbott is listed as a -750 favorite, making this one of the widest betting gaps on the card
- Figueiredo has lost his last two fights, including a submission to Yadong Song in May
- Talbott is coming off back-to-back decision wins over Felipe Lima and Henry Cejudo
- The fight takes place October 3, 2026 at the Delta Center in Salt Lake City
Sources: fightbookmma.com | sports.betmgm.com | clutchpoints.com
A former two-time UFC champion will enter the octagon this weekend as one of the biggest underdogs on the entire card. Deiveson Figueiredo faces Payton Talbott at UFC 332 on Saturday, October 3, 2026, at the Delta Center in Salt Lake City, Utah.
Figueiredo is currently listed at +525, while Talbott sits at -750, according to odds from Lucky Rebel. A bettor would need to risk $750 on Talbott to win $100 in profit, while a $100 bet on Figueiredo would return $525 if he wins.
The Brazilian fighter enters the bout with a record of 25-7-1 but has struggled recently. He has lost four of his last five fights and is currently on a two-fight losing streak.
UFC 332 updated card.🔥
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In January, Figueiredo lost a unanimous decision to Umar Nurmagomedov. His most recent fight ended worse, as Yadong Song submitted him with a second-round guillotine choke on May 30.
Talbott Riding Momentum After Cejudo Win
Payton Talbott brings an 11-1 record into the fight and is ranked No. 11 in the bantamweight division. The 28-year-old has won his last two fights by unanimous decision.
He defeated Felipe Lima in June 2025, then scored the biggest win of his career in December 2025. Talbott beat former two-division champion Henry Cejudo by decision, a fight that ended Cejudo’s career.
Talbott’s only professional loss came against Raoni Barcelos by decision in January 2025. He has not fought since his victory over Cejudo in December.
The betting market expects this fight to end before the final bell. The over/under is set at 2.5 rounds, with the under priced at -105 and the over at -125.
A separate market on whether the fight goes the distance has it ending early at -155, while going the full three rounds is priced at +120.
Method of Victory Odds Favor Talbott Knockout
The method of victory odds paint a clear picture of what oddsmakers expect. A Talbott win by knockout, technical knockout, or disqualification is listed at even money, making it his most likely path to victory.
Talbott by decision is priced at +155, while a submission win sits at +800. Talbott has seven knockouts on his record, showing he has finishing power.
The odds for Figueiredo to win are much longer across all methods. A decision victory for the Brazilian is listed at +1100, while a submission win is +1600.
The longest odds belong to Figueiredo winning by knockout or technical knockout at +2500. Those numbers are unusual for a fighter with 18 career finishes and years of championship-level experience.
Figueiredo previously held the UFC flyweight title twice and competed at the highest levels of the sport for years. At 38 years old, he now faces questions about whether his best days are behind him.
The fight is part of the main card at UFC 332: Silva vs. Wang. Former UFC bantamweight champion Sean O’Malley has described the co-main event as a potential changing of the guard in the division.
