The Westgate Las Vegas SuperBook lists Alvarez as a -360 favorite with Khan at +300. Alvarez opened at -300 when the fight was announced earlier this week.
Alvarez is 46-1-1 in his career, winning 32 bouts by knockout. His only loss came to Floyd Mayweather in September of 2013. He won the WBC middleweight title in November of 2015 against Miguel Cotto by unanimous decision.
Khan is 31-3 and has won his last five fights, the last in May of 2015. He currently holds the WBC Silver welterweight belt, and is a former junior-welterweight world champion.
This will be a 155-pound catch-weight bout.
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