Last Updated Aug 30, 2021, 13:55 PM
MLB World Series Odds
History Doesn't Favor Washington Repeat
The 2019 World Series concluded in thrilling fashion as the Washington Nationals outlasted the Houston Astros in seven games to capture their first championship in franchise history.
The 2020 season begins in late March and bettors can start wagering on who will win the World Series. There has not been a repeat champion in the World Series since the New York Yankees won three consecutive titles from 1998-2000.
The Las Vegas Westgate SuperBook released odds:
Odds to win 2020 World Series (10/30/20)
New York Yankees 3/1
Los Angeles Dodgers 6/1
Houston Astros 7/1
Atlanta Braves 12/1
Philadelphia Phillies 16/1
St. Louis Cardinals 16/1
Washington Nationals 16/1
New York Mets 18/1
Boston Red Sox 20/1
Cleveland Indians 25/1
Minnesota Twins 25/1
Chicago Cubs 30/1
Cincinnati Reds 30/1
Los Angeles Angels 30/1
Oakland Athletics 30/1
San Diego Padres 30/1
Tampa Bay Rays 30/1
Chicago White Sox 40/1
Milwaukee Brewers 40/1
Texas Rangers 50/1
Arizona Diamondbacks 60/1
Colorado Rockies 80/1
Toronto Blue Jays 100/1
Pittsburgh Pirates 200/1
San Francisco Giants 300/1
Seattle Mariners 500/1
Kansas City Royals 500/1
Baltimore Orioles 1000/1
Detroit Tigers 1000/1
Miami Marlins 1000/1
Three Favorites for World Series at 7/1 betting odds or less
- New York Yankees 3/1
- Los Angeles Dodgers 6/1
- Houston Astros 7/1
The Yankees fell short of the World Series for the second time in three seasons after losing in the American League Championship Series to the Astros. Houston has reached the World Series in each of the last three seasons, but ace pitcher Gerrit Cole departed in free agency for the Yankees in the offseason.
The Dodgers were eliminated in the National League Wild Card round, ending their two-year run as National League champions. Los Angeles is the betting favorite to win the National League pennant at 9/4 odds (Bet $100 to win $225), while Washington sits at 7/1 betting odds to capture the pennant for a second straight season.
The highest favorite listed that did not make the MLB playoffs last season is the Phillies, who are 16/1 odds, while the 2018 World Series champion Red Sox are listed at 20/1 betting odds to win the 2020 playoffs.
How do I bet on the World Series?
It’s very simple to bet on the World Series and the MLB Future Odds market is always open for business.
To figure out your Win Amount, a bettor would take the betting odds offered on a team and multiply by the amount wagered.
Ex. New York Yankees (20/1) to win the World Series.
In the above example, the Yankees have their MLB future odds listed as a 20/1 betting choice to win the World Series.
If you wager $100 on New York to win the World Series and it captures the championship, then you would win $2,000 (20 ÷ 1 x 100).
You would collect $2,100, which includes your win and stake ($100). The stake is the initial dollar amount that you wager on the MLB future, either at a sportsbook or through an online sportsbook.
Bettors viewing their odds in American Format would see the Yankees listed at +2000 and if you prefer Decimal Odds, then New York would be seen as 21.00.
What’s great about betting on the World Series and MLB Future Odds is that there are plenty of betting opportunities for players throughout the season. Often in the MLB season, you’ll see teams start out slow in April and May, only to rally and make the playoffs. Forecasting the turnaround isn’t easy but the returns are often great and the risk is very low in the MLB Futures market.