Odds when 2 fighters are favourites?

[KBE6EKCTAH_CCP]

This is one of my newb threads but I am a bit confused by the following:
Right now on Bestfightodds.com the best odds for the Benavidez v Borg fight are :
Benavidez -102 Borg -106

Does this mean that the market sees this fight as more or less 50/50, and the reason why none of the fighter lands in positive territory is because of the bookey's cuts?

 

[Roads55]

This is one of my newb threads but I am a bit confused by the following:
Right now on Bestfightodds.com the best odds for the Benavidez v Borg fight are :
Benavidez -102 Borg -106

Does this mean that the market sees this fight as more or less 50/50, and the reason why none of the fighter lands in positive territory is because of the bookey's cuts?

yep you got it. very unlikely however that you can get both those lines on 1 book, they usually take more of a cut, but as these are the best available odds from a variety of books you get odds extremely close to evens.

 

[chemmy]

Yep, pretty much the least any bookie anywhere will gouge you will be with a -105 / -105 line, but even that is rare. Some are as high as -120 / -120, which makes it nearly impossible to profit long-term.