The Los Angeles Dodgers are betting favorites to win the National League pennant based on the latest MLB odds at the BetMGM online sportsbook.
NL Pennant Odds 2026
Who Will Win the NL Pennant in 2026?
According to the latest MLB postseason odds, the Dodgers are the betting favorites to win the NL pennant in 2026. Their +105 odds translate to an implied probability of 48.78%.
Los Angeles started as a +200 favorite when this market opened last offseason. The Dodgers then spent much of the year atop this market, relinquishing the top spot only briefly in the final week of the regular season. The Philadelphia Phillies were the front-runners until the Dodgers got through the NL Wild Card round.
That’s what makes this market especially tough, as Los Angeles has proven it can still win the pennant without getting the bye. If the Dodgers have more regular-season success in 2026, earning one of the top two seeds in the NL, they will likely remain the favorites until they face a postseason series deficit.
Los Angeles was +200 or better in this market throughout the 2025 regular season. The best price the Dodgers ever had to win the NL was +300 entering the Wild Card round.
Don’t be surprised if the 2026 campaign is much the same.
Past NL Pennant Winners
| Year | NL Winner | Preseason Odds |
|---|---|---|
| 2025 | Dodgers | +140 |
| 2024 | Dodgers | +160 |
| 2023 | Diamondbacks | +6000 |
| 2022 | Phillies | +1300 |
| 2021 | Dodgers | +180 |
| 2020 | Dodgers | +160 |
| 2019 | Nationals | +800 |
| 2018 | Dodgers | +320 |
| 2017 | Dodgers | +510 |
| 2016 | Cubs | +330 |
| 2015 | Mets | +1200 |
| 2014 | Giants | +1200 |
| 2013 | Cardinals | +1000 |
| 2012 | Giants | +800 |
| 2011 | Cardinals | +1200 |
| 2010 | Giants | +1200 |
| 2009 | Phillies | +450 |
| 2008 | Phillies | +1000 |
| 2007 | Rockies | +3500 |
| 2006 | Cardinals | +220 |
| 2005 | Astros | +900 |
| 2004 | Cardinals | +900 |
| 2003 | Marlins | +4000 |
| 2002 | Giants | +700 |
| 2001 | Diamondbacks | +500 |
| 2000 | Mets | +450 |
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