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-seven series determines the MLB champion.

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 OddsBovada Sportsbook ReviewXBet Sportsbook ReviewBetUS Sportsbook Review
Los Angeles Dodgers+400+400+400
New York Yankees+700+700+700
Atlanta Braves+750+750+750
Philadelphia Phillies+1000+1000+1000
Baltimore Orioles+1100+1100+1100
Houston Astros+1300+1300+1300
New York Mets+1400+1400+1400
San Diego Padres+1500+1500+1500
Texas Rangers+2800+2800+2800
Seattle Mariners+2800+2800+2800
Cleveland Guardians+2800+2800+2800
Minnesota Twins+3000+3000+3000
Arizona Diamondbacks+3000+3000+3000
Detroit Tigers+3000+3000+3000
Chicago Cubs+3500+3500+3500
Boston Red Sox+3500+3500+3500
Kansas City Royals+4000+4000+4000
Milwaukee Brewers+4000+4000+4000
Cincinnati Reds+6000+6000+6000
Toronto Blue Jays+6000+6000+6000
Last updated on: August 4, 2025

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 PennantBovada Sportsbook ReviewBetOnline Sportsbook ReviewBetNow Sportsbook Review
Los Angeles Dodgers+135+150+135
Philadelphia Phillies+550+550+550
New York Mets+650+650+650
Atlanta Braves+800+800+800
San Diego Padres+1200+1200+1200
Chicago Cubs+1200+1200+1200
Arizona Diamondbacks+1500+1500+1600
San Francisco Giants+2500+2500+2500
Last updated on: August 4, 2025

Odds to Win the American League Pennant

Odds to Win AL PennantBovada Sportsbook ReviewBetOnline Sportsbook ReviewBetNow Sportsbook Review
New York Yankees+330+330+350
Texas Rangers+550+550+550
Boston Red Sox+750+750+750
Detroit Tigers+900+900+900
Baltimore Orioles+950+950+950
Houston Astros+1000+1000+1000
Seattle Mariners+1000+1000+1100
Toronto Blue Jays+1500+1600+1600
Minnesota Twins+1600+1600+1600
Last updated on: August 4, 2025

Favorites to Win the MLB World Series

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

Los Angeles Dodgers

The Los Angeles Dodgers compete in the National League West and are one of the most historic franchises in Major League Baseball. Originally established in Brooklyn in 1883, they later moved to Los Angeles in 1958. The team played a key role in shaping baseball history, most notably by breaking the color barrier when Jackie Robinson debuted in 1947. Over the decades, the Dodgers have built a legacy of success and remain one of the sport’s most celebrated franchises.

New York Yankees

A member of the American League East Division, the New York Yankees are one of the most storied and successful franchises in professional sports. Known as the Yankees since 1913, they’ve built a legacy of championships, legendary players, and enduring rivalries. With a tradition of excellence, the team is consistently viewed as a contender on the national stage.

San Diego Padres

Another member of the National League West, the San Diego Padres were founded in 1969. While the team has experienced fewer championships than some of the league’s historic powerhouses, they’ve built a strong and loyal fanbase. Padres supporters are known for their passion and dedication, creating an electric atmosphere at Petco Park.

New York Mets

One of two MLB teams based 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 a 40–120 record in their inaugural season—the worst in modern MLB history under the 162-game schedule. Since then, the Mets have built a legacy of resilience, with multiple postseason appearances and a devoted fanbase that continues to support them through highs and lows.

Chicago White Sox

The Chicago White Sox, the first team on this list not based on the coasts, compete in the American League Central Division. Representing the city’s South Side, they share Chicago with the Cubs. As one of the American League’s eight charter franchises, the White Sox have a long and storied history—winning the World Series just five years after their founding in 1901.

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 19th century, changing its name to the Chicago Cubs in 1903.

Boston Red Sox

For information on this franchise, take a look at our Boston Red Sox Betting Guide

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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