2025 MLB Home Run Derby Odds
Home Run Derby odds signify many things, not the least of which is that the slowest sports week on the calendar is here. Still, it's always an intriguing market, in the run-up to the MLB All-Star Game.
The Pittsburgh Pirates' Oneil Cruz opened as the favorite. But now, the Seattle Mariners' Cal Raleigh is atop 2025 odds to win the Home Run Derby.
Check back for updates on 2025 Home Run Derby odds, and be sure to use our BetMGM bonus code to get the most out of your MLB action.
Home Run Derby Odds
New Favorite
UPDATE 2 P.M. ET MONDAY: A few hours before tonight's festivities, Seattle Mariners catcher Cal Raleigh is the +280 favorite in BetMGM's Home Run Derby odds. Raleigh opened as the +360 second choice and got as short as +275.
Pittsburgh Pirates outfielder Oneil Cruz opened as the +350 favorite, and he's at +350 right now. Washington Nationals left fielder James Wood is the +400 third choice, after opening at +550.
When factoring in both mobile betting (online/mobile) and retail action, BetMGM is in a good position at the moment.
"We have a very balanced book. As of this moment, we'd actually be a winner on each participant," BetMGM trader Hal Egeland said. "That likely won't be the case when the Home Run Derby starts [at 8 p.m. ET], but we're currently in a great position.
"Raleigh has taken the most money so far, and there's a decent chance we'll be cheering against him tonight. Wood would be our worst result, but it's a very fluid situation."
BetMGM has alternate markets, as well, including player to make the semifinals and player to make the finals.
"We'd love it if we could avoid Wood and Raleigh to make the finals. There's some liability on them to advance," Egeland said. "If we could choose our winner, it would be either Brent Rooker or Oneil Cruz."
Rooker is the +900 co-fourth choice, joined by Matt Olson.
UPDATE NOON ET FRIDAY: Pittsburgh Pirates center fielder Oneil Cruz opened as a +350 favorite in BetMGM's 2025 MLB Home Run Derby odds. Cruz is now into +340.
However, of the eight players in the field, he's not among the ticket/money leaders. Cruz is seventh in both bet count and dollar count.
Washington Nationals left fielder James Woods, the +550 fourth choice, is the most popular play. Woods is netting 18% of bets, just slightly ahead of Seattle Mariners catcher Cal Raleigh, who is the +375 second choice.
In money, though, Woods is lapping the field, taking 34% of cash, almost double that of Oakland A's designated hitter Brent Rooker. At +1000, Rooker is the sixth choice and is getting 18% of cash.
Current Home Run Derby Odds
(As of 4:30 p.m. ET Monday, from BetMGM)
- Cal Raleigh +280
- Oneil Cruz +350
- James Wood +400
- Brent Rooker +900
- Matt Olson +900
- Byron Buxton +900
- Junior Caminero +1000
- Jazz Chisholm Jr. +1500
MLB Home Run Derby First Round Matchup Odds
There are no head-to-head matchups in the first round. Rather, the top four totals advance to the semifinals. But Caesars Sports still posted a few first-round matchups to bet on:
- Matt Olson -115 vs. Brent Rooker -105
- Cal Raleigh -125 vs. Oneil Cruz even
- Cal Raleigh -120 vs. James Wood -110
- Oneil Cruz -125 vs. James Wood even
- Matt Olson -110 vs. Byron Buxton -110
Distance of Longest Home Run
From Caesars Sports:
- Over 479.5 feet (-115)
- Under 479.5 feet (-115)
Total Home Runs by Winning Player
From DraftKings Sportsbook:
- Over 53.5 (-125)
- Under 53.5 (+105)
Total Home Runs In Tournament
From Caesars Sports:
- Over 238.5 (-140)
- Under 238.5 (+110)
Total Home Runs In First Round
From Caesars Sports
- Over 152.5 (-130)
- Under 152.5 (even)
MLB Home Run Derby Winning League
From Caesars Sports
- American League -130
- National League even
MLB Home Run Derby Betting History
- 2024: Teoscar Hernandez, Los Angeles Dodgers
- 2023: Vladimir Guerrero Jr., Toronto Blue Jays
- 2022: Juan Soto, Washington
- 2021: Pete Alonso, New York Mets
- 2020: Cancelled
- 2019: Pete Alonso, New York Mets
- 2018: Bryce Harper, Washington
- 2017: Aaron Judge, New York Yankees
- 2016: Giancarlo Stanton, Miami
- 2015: Todd Frazier, Cincinnati
- 2014: Yoenis Cespedes, Oakland
- 2013: Yoenis Cespedes, Oakland
- 2012: Prince Fielder, Detroit
- 2011: Robinson Cano, New York Yankees
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