The World Series is the most prestigious sporting event in North America, and every year, fans and bettors alike try to predict which team will win it all. One way to do this is by looking at the odds to win the World Series.
It’s normally scheduled to finish towards the end of October, which is one of the reasons it’s nicknamed the “Fall Classic.” The American and National League champions face off in a best-of-seven series to decide the winner.
For those of you who aren’t familiar, the money line odds format is used on this page. Basically, if the number is a positive one then if you bet $100 that is how much you would win. If the number is negative you need to bet that number to cash $100.
For example, if the odds are +160 then a $100 bet would win you $160. If the odds are -120 a $120 bet is needed to cash $100.
You won’t see as big of favorites with MLB futures as you do with other sports. The main reason for that is the unpredictability of the sport. Bad teams normally have a pretty good chance of upsetting even the best teams in the league. That means during a seven game series anything can happen and you might be able to find some value in teams that aren’t necessarily favored.
What Are the Las Vegas World Series Odds?
World Series odds are the probability that a team will win the championship expressed as a number. For example, if a team has odds of +1000, that means that you would win $1,000 for every $100 you bet on that team to win the World Series. You can use our betting odds calculator to take any of the odds below and give yourself the implied probability.
These are called futures, mainly because they will be decided some time later than the current day. Your money will be tied up until the outcome is decided. That means if you do your betting before the season begins it’ll be held up until October. This is both a good and a bad thing. If you want to get a little action down and get a lot of time out of your bets, this is cheap entertainment. If on the other hand you think you have an edge, that edge has to be pretty significant to tie up your bankroll for a long period of time. If the stock market returns nearly 10% for a year, that would mean you would want a 5% or bigger advantage to tie your money up in a bet for six months.
Bettors can place their wagers on who is going to win it all before the season begins, during the season, and throughout the playoffs. Most shops will probably have a line up even before the last game of the year!
Who is Going to Win the 2024 World Series – Teams Favored
|Los Angeles Dodgers||+750||11.76%|
|New York Yankees||+1300||7.14%|
|Toronto Blue Jays||+1700||5.56%|
|Tampa Bay Rays||+1900||5.00%|
|New York Mets||+2000||4.76%|
|Boston Red Sox||+2200||4.35%|
|St. Louis Cardinals||+3500||2.78%|
|San Francisco Giants||+3500||2.78%|
|Los Angeles Angels||+8000||1.23%|
|Chicago White Sox||+10000||0.99%|
|Kansas City Royals||+15000||0.66%|
How to Read World Series Odds
There are three main types of World Series odds:
- American odds are the most common type of odds used in the United States. They are expressed as a positive or negative number. A positive number indicates how much money you would win for every $100 you bet, while a negative number indicates how much money you would need to bet to win $100. For example, if a team has odds of +1000, that means you would win $1,000 for every $100 you bet on that team to win the World Series. If a team has odds of -1000, that means you would need to bet $1,000 to win $100.
- Decimal odds are used in most European countries. They are expressed as a decimal number, which represents the amount of money you would win for every $1 you bet. For example, if a team has odds of 1.50, that means you would win $1.50 for every $1 you bet on that team to win the World Series.
- Fractional odds are the oldest type of odds and are still used in some countries. They are expressed as a fraction, with the numerator representing the amount of money you would win and the denominator representing the amount of money you would need to bet. For example, if a team has odds of 6/1, that means you would win 6 dollars for every $1 you bet on that team to win the World Series.
How to Use MLB Championship Futures to Make Predictions
Once you understand how World Series odds work, you can use them to make predictions about which team will win the World Series. There are a number of factors that you can consider when making your predictions, such as the team’s recent performance, its roster, and its schedule. You can also look at the odds of other teams to get an idea of which teams are considered to be the favorites.
World Series odds are a helpful tool for predicting which team will win the World Series. By understanding how World Series odds work and using them to make predictions, you can increase your chances of winning money on your bets.
Previous MLB World Series Winners Odds History from Beginning of Season
This table shows who won the World Series since 2005 and what their odds were at the beginning of the season. You can see that the team that ends up on top as champions isn’t always the one who starts out favored to take it down.
|Year||Team||Preseason||Opening Day||All Star Break||Playoffs|
|2018||Boston Red Sox||+1100||+900||+550||+295|
|2015||Kansas City Royals||+2000||+3300||+900||+550|
|2014||San Francisco Giants||+2500||+2500||+1400||+1400|
|2013||Boston Red Sox||+2800||+2800||+850||+350|
|2012||San Francisco Giants||+2000||+2000||+1400||+750|
|2011||St. Louis Cardinals||+2500||+2500||+2000||+1400|
|2010||San Francisco Giants||+2500||+2500||+3300||+1000|
|2009||New York Yankees||+300||+300||+400||+200|
|2007||Boston Red Sox||+900|
|2006||St. Louis Cardinals||+700|
|2005||Chicago White Sox||+2200|