MLB teams’ odds are mainly used for moneylines and futures. If you are skilled at baseball betting, you may also consider looking into the team props as well. Understanding MLB betting odds is key to MLB betting overall.

In this guide, we will cover the odds to win the World Series and the Pennants as well. We will profile the favorites to win it all and details some of the most popular MLB bet types.

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Odds of MLB Teams to Win the World Series

The futures bets that are the most common are the odds of MLB teams to win the World Series. After all, this is the big prize every year that we are all focused on. The best of nine games will determine who is the world’s best baseball team.

As these are futures lines, keep in mind that they will fluctuate quite a bit throughout the year. It is important to come back now and then and make sure you are still getting the best deal.

Also, we include odds from several top baseball sportsbooks, such as Bovada, so that you can compare them. Line shopping is an important part of any baseball betting strategy.

MLB World Series Winners OddsBovadaXBet ReviewBetUS Review
Texas Rangers-170-160-160
Arizona Diamondbacks+150+140+140

Odds to Win the National and American League Pennants

The winner of the Pennant from each league will face off in the World Series to determine the champion. Keeping an eye on these lines will also affect your World Series betting strategy. These futures’ odds are often less wagered on than the bigger ones. This provides an opportunity to maneuver the sportsbooks and make a nice payout!

Odds to Win the National League Pennant

Odds to Win NL PennantBovadaBetOnline ReviewBetNow Review
Philadelphia PhilliesTBATBATBA
Arizona DiamondbacksTBATBATBA

Odds to Win the American League Pennant

Odds to Win AL PennantBovadaBetOnline ReviewBetNow Review
Houston AstrosTBATBATBA
Texas RangersTBATBATBA

Favorites to Win the MLB World Series

Check out these profiles of the top five favorites to win the World Series 2024, according to the odds from top online baseball betting sites.

Los Angeles Dodgers

The Los Angeles Dodgers play in the National League West. This team has history! They were established in 1883 in Brooklyn before it was part of New York City. They developed a fierce rivalry with the Yankees, playing in the World Series together seven times. We can also thank the Dodgers for breaking the color line with Jackie Robinson in 1947.

They have been in LA since 1958 and continue to be one of the most successful MLB franchises.

New York Yankees

A member of the American League East Division, the New York Yankees are among the most storied baseball teams around. They became known as the Yankees in 1913. They are arguably the most successful professional sports team in North America, not just in baseball but in sports in general. They are almost always in the running for the World Series.

San Diego Padres

Another member of the National League West, the San Diego Padres were founded in 1969. The Padres have had less success than many of the other favorites this year, though they do have a key advantage. They have their market cornered and do not share it with any other professional sports team among the four major sports. Their fans are diehard!

New York Mets

One of two MLB teams in the New York City area, the New York Mets play in the National League East and represent the borough of Queens. Founded in 1962, they posted the worst MLB record (40-120) since MLB went to a 162-game schedule. Since then, they have gone up and are currently in the running the win the World Series 2024. Do not count them out by any means!

Chicago White Sox

The first team on this list to not be based on the coasts, the Chicago White Sox play in the American League Central Division. The White Sox represent the city’s south side and share Chicago with the Cubs. They are one of the American Leagues’ 8 charter franchises. They won the World Series just five years after their founding

Chicago Cubs

Fighting it out in the NL Central, the Chicago Cubs represent the other half of the Windy City. They compete in Wrigley Field, one of baseball’s most legendary stadiums. This historic franchise has been competing since the 29th century, changing its name to the Chicago Cubs in 1903.

Betting on Other MLB Teams

Types of Odds for MLB Team Bets

On top of betting on your favorite professional baseball team to win the World Series, you can place plenty of other types of bets too! You can bet on their odds to make it to the World Series, or how far they will go in the postseason.

You can also bet on your favorite team in each individual game. These include moneyline bets where you choose the winner of the matchup. You can also wager on MLB team total odds, and team props. Team props allow you to bet on your favorite MLB team in a more fun and creative way. In this category, you will find bets like which team will score first.

Do not forget the ever-important pennant bets either! You can bet on the winner of each of the American League and National League Pennants. This is basically the same as betting on MLB teams’ odds of making the playoffs or World Series.

These top baseball sportsbooks will have the latest odds for all these bets and more! Sign up here!

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