2024 World Series odds: Braves favored, Yankees on the move after Juan Soto trade

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It’s the MLB’s offseason, but the 2024 World Series odds are already on the move.

The news of the trade sending Juan Soto to the New York Yankees has already caused a shift in the title lines for next season. 

The Yankees had the sixth-shortest odds to win next season’s October Classic at +1400 before the Winter Meetings. 

After the news of the Soto deal, the Bronx Bombers’ odds have shortened to +800, putting behind only the Los Angeles Dodgers and Atlanta Braves (both +700) on the oddsboard.

The odds also moved for New York to win the American League pennant.

The Yankees went from +750 to win the AL Pennant, tied for third with the Baltimore Orioles, to being the favorites at +400.

While we wait for the news of Shohei Ohtani’s latest destination, let’s dive into the odds.

Here are every team’s 2024 World Series odds as baseball is on winter vacation:

Odds to win 2024 World Series *

Los Angeles Dodgers: +700 (bet $10 to win $80 total)
Atlanta Braves: +700 (bet $10 to win $80 total)
New York Yankees: +800 (bet $10 to win $90 total)
Houston Astros: +1000 (bet $10 to win $110 total)
Texas Rangers: +1000 (bet $10 to win $110 total)
Philadelphia Phillies: +1100 (bet $10 to win $120 total)
Baltimore Orioles: +1600 (bet $10 to win $170 total)
Tampa Bay Rays: +1600 (bet $10 to win $170 total)
Toronto Blue Jays: +1600 (bet $10 to win $160 total)
Seattle Mariners: +2000 (bet $10 to win $210 total)
New York Mets: +2000 (bet $10 to win $210 total)
Chicago Cubs: +2500 (bet $10 to win $260 total)
Boston Red Sox: +2500 (bet $10 to win $260 total)
San Diego Padres: +2500 (bet $10 to win $260 total)
Minnesota Twins: +2500 (bet $10 to win $260 total)
Arizona Diamondbacks: +3000 (bet $10 to win $310 total)
San Francisco Giants: +3000 (bet $10 to win $310 total)
St. Louis Cardinals: +3500 (bet $10 to win $360 total)
Cincinnati Reds: +4000 (bet $10 to win $410 total)
Milwaukee Brewers: +4000 (bet $10 to win $410 total)
Miami Marlins: +5500 (bet $10 to win $560 total)
Detroit Tigers: +6000 (bet $10 to win $610 total)
Cleveland Guardians: +6000 (bet $10 to win $610 total)
Pittsburgh Pirates: +6000 (bet $10 to win $610 total)
Los Angeles Angels: +8000 (bet $10 to win $810 total)
Washington Nationals: +9000 (bet $10 to win $910 total)
Chicago White Sox: +10000 (bet $10 to win $1,010 total)
Kansas City Royals: +15000 (bet $10 to win $1,510 total)
Colorado Rockies: +20000 (bet $10 to win $2,010 total)
Oakland A’s: +20000 (bet $10 to win $2,010 total)

* odds as of 12/6/2023

FOX Sports MLB Writer Deesa Thosar and MLB Analyst Jordan Shusterman analyzed the blockbuster trade.

“The Yankees simply had to trade for Soto, no matter the pitchers and prospects they hoped to keep,” Thosar said. “Now, they appear to be all-in on 2024 and, at least on paper, look more like the Evil Empire again. Gotta give credit where credit is due.”

“After going all-in on 2023 and falling just short of a postseason berth, the Padres are clearly intent on reallocating their resources this offseason,” Shusterman said. “Soto was due to earn $35 million and will be a free agent after next season, while San Diego entered this winter with massive holes in its staff and a lineup stacked with enough stars to atone for the loss of one of baseball’s top sluggers.

“The Padres currently don’t have the rotation of a contender, but they took a positive step on that front with this bittersweet trade.”

When analyzing the past, an early wager can pay off nicely – the Rangers were +4500 entering the season.

The Arizona Diamondbacks, who fell three wins short of the title, were +12500 entering the season.

Including the Rangers, six of the past seven champions have had preseason odds of +1000 or longer (the 2020 Dodgers at +385 are the exception).

Preseason long-shot bettors had their golden era from 2010-15 when teams with +2000 odds or longer hoisted the trophy:

2015: Royals (+3300)
2014: Giants (+2500)
2013: Red Sox (+2800)
2012: Giants (+2000)
2011: Cardinals (+2500)
2010: Giants (+2500)

The teams with the shortest preseason odds to win it all since 1985 were the Yankees in 1999 (+200) and 2000 (+250).

The longest shots to win the Fall Classic since 1985 were the 1991 Twins (+8000), 2003 Marlins (+7500), 1987 Twins (+5000) and 2002 Angels (+4000).

Which team do you like to win the next World Series? One of the big dogs in the Braves or Dodgers? Or a long shot? Follow FOX Sports for the latest news in MLB.

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