2024 World Series Betting Odds and Picks; MLB World Series Betting Guide

9 min read
Jul 12, 2024, 11:30 AM
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Last Updated: Oct 17, 2024, 8:40 AM

Summary of MLB Playoff Series

Betting on the MLB World Series, often referred to as the "Fall Classic," can be an exciting way to engage with baseball. This guide aims to provide you with the knowledge and insights needed to navigate the world of World Series wagering, understand the odds, and make informed picks for the 2024 World Series.

Understanding MLB World Series Betting Odds

  • What Are Betting Odds? Betting odds represent the likelihood of an event occurring and determine the potential payout of a bet. For instance, if the New York Yankees have odds of +400 to take the World Series, a $100 bet would yield $400 if they win. Understanding these odds is crucial for making informed bets.

Types of Odds

  • Decimal Odds: Common in Europe, these odds show the total payout, including the original stake. For example, odds of 5.00 mean a $1 bet returns $5.
  • American Odds: Used in the U.S., these odds can be positive or negative. A minus sign (e.g., -200) indicates how much you need to bet to win $100, while a plus sign (e.g., +300) shows how much you win on a $100 bet.

What Are MLB Futures Odds

MLB futures odds are bets placed on the baseball events that will occur in the future, such as who will take the World Series. These bets are usually made before the year starts or early in the season.

How to Read World Series Futures

MLB futures markets for the latest World Series odds are typically displayed at an online sportsbook as either decimal or American odds. For example, if the Los Angeles Dodgers have +500 odds at bet36 Sportsbook to take the Series, a $100 bet would return $500 if they win.

The futures odds betting market can change throughout the year based on team performance, injuries, and trades. Keeping an eye on these changes can help you spot valuable betting opportunities.

Current World Series Odds

As of October 1, 2024, here are the top contenders and their odds:

TeamESPN BetBet365BetRivers
Los Angeles Dodgers+325+300+315
Philadelphia Phillies+425+375+450
NY Yankees+450+400+450
Baltimore Orioles+1000+900+1050
Atlanta Braves+2000+2200+2400
Houston Astros+800+850+800
Cleveland Guardians+1000+1100+1050
Milwaukee Brewers+2000+1800+1600
New York Mets+2000+2200+2000
San Diego Padres+900+1200+1000
Detroit Tigers+2500+3000+2500
KC Royals+2500+3000+2500

Betting on the World Series

How to Bet on MLB Futures

Betting on MLB futures market involves selecting a team to take the championship at the beginning or during the year. To find the most valuable opening odds you will need to check multiple baseball sportsbooks to get the best odds. You place your bet, and if your team wins, you collect the payout.

Selecting the MLB World Series Champs is typically a very high payout as the odds to win are much less favorable for all MLB teams.

Betting Strategies and Tips for World Series Odds

It is important to always practice responsible gambling strategies when placing any wager:

  • Research Teams and Players: Stay updated on American League and National League team performance, injuries, and player statistics.
  • Monitor Odds Changes: Keep an eye on how odds fluctuate throughout the year to find value bets.
  • Consider Historical Trends: Look at past performances and trends to inform your wagers.
  • Diversify Bets: Spread your wagers across different MLB teams and outcomes to manage risk.
  • Stay Disciplined: Set a budget for your betting activities and stick to it.
Diversifying your wagers across multiple teams can increase your chances of a payout, especially if you identify undervalued teams early in the season.

Expert Analysis and Picks

Betting on the Series requires not only a solid understanding of the current season's dynamics but also an ability to anticipate how teams will perform under the pressure of postseason play.

World Series Championship Predictions

Favorite Pick: Los Angeles Dodgers

Midway through the MLB regular season, the Los Angeles Dodgers remain the favorites to win the Series. Several factors contribute to this status:

  • Star Power and Depth: The Dodgers boast an impressive roster, headlined by the signing of Shohei Ohtani. This move strengthened both their pitching rotation and batting lineup, making them a formidable opponent on both fronts.
Did you know? The Dodgers’ signing of Shohei Ohtani has not only improved their odds but also sparked a surge in fan engagement and merchandise sales.

Second Favorite: New York Yankees

Despite a recent slump, the New York Yankees remain one of the top contenders for the 2024 World Series.

  • Resilient Lineup: The Yankees have a powerful lineup capable of explosive scoring. Key players like Aaron Judge and Giancarlo Stanton provide the offensive firepower needed to turn games around.
Despite their recent struggles, the Yankees’ experience in postseason play provides a psychological advantage over many competitors.

Value Pick: Philadelphia Phillies

The Philadelphia Phillies are a strong value pick for the 2024 Series.

  • Momentum: The Phillies have surged through the year, displaying resilience and consistency. Their ability to maintain form and adapt to challenges makes them a dangerous team in the playoffs.
The Phillies’ balanced roster and strong second-half performance make them a smart bet for those looking for value beyond the favorites.

Dark Horse: Baltimore Orioles

The Baltimore Orioles present an intriguing dark horse pick.

  • Emerging Talent: The Baltimore Orioles have a young, dynamic roster with emerging stars like Adley Rutschman.
The Orioles’ rise in the AL East has been one of the most exciting storylines of the season, making them a team to watch closely.

FAQS: World Series

World Series Betting FAQs

What Are World Series Odds?

World Series wagering odds represent the likelihood of a team winning the MLB World Series and determine the potential payout of a bet. For example, if the New York Yankees have odds of +400 to win the World Series, a $100 bet would yield $400 if they win.

How Do MLB Futures Work?

MLB futures are bets placed on events that will occur in the future, such as which team will win the World Series. These bets are usually made before the season starts or early in the regular season, and the odds can change based on team performance, injuries, and trades.

How Can I Read World Series Futures ?

World Series futures are typically displayed as either decimal or American odds. For example, if the Los Angeles Dodgers have +500 odds to win the World Series, a $100 bet would return $500 if they win. Decimal odds show the total payout, including the original stake.

Who Are the Top Contenders for the 2024 World Series?

As of now, the World Series odds for top contenders are:

  • New York Yankees: +400
  • Los Angeles Dodgers: +450
  • Houston Astros: +500
  • Atlanta Braves: +550
  • San Diego Padres: +600
Why Are the Los Angeles Dodgers the Favorite to Win the World Series?

Midway through the MLB season, the Los Angeles Dodgers remain the favorites due to their star power and depth. The signing of Shohei Ohtani has significantly bolstered their lineup and pitching rotation.

What Are Some Effective Betting Strategies for World Series Odds?

Effective strategies include:

  1. Researching Teams and Players: Stay updated on performance, injuries, and statistics.
  2. Monitoring Odds Changes: Track how odds fluctuate throughout the season.
  3. Considering Historical Trends: Use past performance to inform your bets.
  4. Diversifying Bets: Spread bets across multiple teams and outcomes.
  5. Staying Disciplined: Set and stick to a budget.
What Other Options Exist Beyond Wagering on the World Series Winner?

Beyond wagering on the World Series winner, you can bet on:

  • MLB Pennant Futures: Laying down on the league champions.
  • MLB Division Winner Futures: Wagering on the winners of each division.
  • Point Spreads and Lines: Predicting the margin of victory or total runs scored in a game or series.
How Can Historical Trends and Insights Enhance My Strategy?

Understanding historical trends can significantly enhance your wagering strategy. Analyzing how teams have performed in previous playoffs, their head-to-head records, and their performance in crucial games can provide valuable insights into their potential performance in the current season.

<p>With 20+ years of writing experience across sports, gambling, regulation, technology, and startups, Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work provides clear, factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research, so the content at RG is straightforward, evidence-based, and accessible.</p><p>At RG, Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction, RG aims to provide practical insights into sports and sports entertainment that support a balanced and informed approach. Sol’s approach has helped RG become a go-to source for readers looking to engage responsibly and thoughtfully in the industry.</p>
Interests:
NFL
CFL
NBA
MLB
NHL
ATP
UEFA
NCAA Baseball
PGA
Wimbledon
UFC
Digital Art
Art Collecting
Publishing Books
Advanced Technology

More on Baseball Betting

Meet our Authors

Paruyr Shahbazyan started his business career as an entrepreneur in 2000. Over 13 years, he learned business and leadership, which laid the foundation for his career.

In 2013, Paruyr entered the sports and betting industry as the founder and president of Bookmaker Rating, an online media platform he led until 2020. The platform focuses on in-depth analysis and insights in sports betting and has gained a reputation for quality content.

In 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This shows his commitment to technology in the sports betting space. Through all these experiences, Paruyr has been shaping and influencing the betting industry, setting new trends and standards.

Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports.

Strategic Vision

Paruyr's vision is to revolutionize the sports entertainment industry by integrating technology. He sees the future of sports entertainment as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. He aims to create platforms that are not only user-friendly but also uphold the highest standards of ethical reporting, contributing to a more responsible and enjoyable sports culture.

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

With 20+ years of writing experience across sports, gambling, regulation, technology, and startups, Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work provides clear, factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research, so the content at RG is straightforward, evidence-based, and accessible.

At RG, Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction, RG aims to provide practical insights into sports and sports entertainment that support a balanced and informed approach. Sol’s approach has helped RG become a go-to source for readers looking to engage responsibly and thoughtfully in the industry.

Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game in 1998, and he's been writing about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports while growing his expertise in sports data analysis and research. 

Between 2022 and 2023, he worked for a betting startup called NorthStar Bets. In 2024, he contributed to Oddspedia before joining the RG team.

Sergey Demidov
Sergey Demidov
Head of News Department

Sergey has been in sports journalism since 2007 as a reporter, editor, and manager. He has covered the Olympic Games, soccer World Cups, the World Cup of Hockey in 2016, the European championships, the Stanley Cup Finals, IOC events, and many others. Sergey interviewed the sport's greatest athletes, coaches, and executives. Since 2016, he has been an Independent Senior Editor of NHL.com/ru.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Show More