Kevin Owens Favored To Beat CM Punk for the Undisputed WWE Championship

Kevin Owens’ shocking return at SummerSlam has quickly turned into one of WWE’s biggest stories of August. After winning a #1 Contender’s Match, Owens punched his ticket to a championship showdown with CM Punk — and the betting odds suggest the title could be changing hands.

Owens’ comeback immediately reignited old tensions with Punk. Their heated exchanges on the following episodes of SmackDown set the tone for their upcoming clash on August 21, where the Undisputed WWE Championship will be on the line. Punk has held the title through a turbulent stretch, but oddsmakers believe Owens may be the one to end that run.

BetOnline Sports & Casino lists Owens as the favorite heading into Friday’s match. The numbers show a clear lean toward a title change, with Owens at -175 and Punk at +135. According to the implied probability, Owens has a 63.6% chance of walking out with the championship.

What the Odds Suggest for Owens vs. Punk

The betting line also hints at a possible rematch. If Owens wins the belt on SmackDown, the expectation is that Punk could regain it at Sunday Night’s Main Event on September 6. The show takes place in Atlanta, and WWE has already positioned it as a major event in the ongoing rivalry.

Owens’ return has added a jolt to the title picture, and Punk’s recent confrontations with him have only intensified the build. With the odds leaning toward a title change, Friday’s SmackDown could mark a major shift in WWE’s championship landscape.

For now, the numbers favor Owens — but the final answer arrives on August 21.