- The Los Angeles Dodgers remain the 2025 World Series favorites.
- Los Angeles won the 2024 World Series over the New York Yankees.
- The Yankees have the best odds in the AL.
The Los Angeles Dodgers lived up to their status as World Series favorites, defeating the New York Yankees in the 2024 Fall Classic to claim their first championship since 2020.
Originally opening at +800 to win it all last November, Los Angeles became the +350 preseason favorite after acquiring Shohei Ohtani in the offseason.
With their latest victory, the Dodgers secured their eighth World Series title, tying the San Francisco Giants for the fifth-most championships in MLB history. The Yankees remain the all-time leaders with 27.
Looking ahead, oddsmakers expect the Dodgers to contend once again. They opened as +400 favorites for the 2025 World Series, with those odds shortening to +240 by the spring.
With the regular season underway, here’s a breakdown of the current World Series odds market at the BetMGM online sportsbook:
2025 World Series Odds
| Team | Current odds | Opening odds (10/30) |
|---|---|---|
| Dodgers | +250 | +400 |
| Yankees | +550 | +800 |
| Mets | +1000 | +1400 |
| Phillies | +1000 | +1100 |
| Tigers | +800 | +4000 |
| Cubs | +1300 | +3000 |
| Mariners | +2000 | +2500 |
| Braves | +2500 | +800 |
| Astros | +2000 | +1400 |
| Padres | +2500 | +1300 |
| Rangers | +5000 | +2500 |
| Red Sox | +5000 | +4000 |
| Twins | +3000 | +3000 |
| Diamondbacks | +5000 | +3000 |
| Giants | +4000 | +6000 |
| Guardians | +5000 | +2800 |
| Royals | +5000 | +3000 |
| Cardinals | +6600 | +6000 |
| Blue Jays | +6600 | +6000 |
| Rays | +5000 | +4000 |
| Brewers | +6600 | +3500 |
| Reds | +15000 | +4000 |
| Orioles | +20000 | +1100 |
| Angels | +50000 | +25000 |
| Athletics | +50000 | +20000 |
| Marlins | +50000 | +50000 |
| Pirates | +50000 | +10000 |
| Nationals | +50000 | +15000 |
| White Sox | +100000 | +50000 |
| Rockies | +200000 | +50000 |
MLB World Series Odds: Dodgers Begin as Favorites
The Dodgers have opened as MLB betting favorites every year since winning the 2020 World Series. This year’s +240 price tag marks the fourth time in the last five seasons that the Dodgers have been trading +550 or better to win it all in the spring.
- 2025: +240
- 2024: +360
- 2023: +750
- 2022: +550
- 2021: +400
The Dodgers, who became the fourth preseason favorite to win the World Series since 2001, are somehow better in 2025.
Their pitching depth has improved, despite Ohtani’s return to the mound being later in the year. They added two-time Cy Young winner Blake Snell and Japanese ace Roki Sasaki. The Dodgers also have one of the top bullpens in the sport after signing closer Tanner Scott.
In addition, Los Angeles’ lineup continues to be the best in baseball.
Still, I have no interest in backing the Dodgers’ World Series odds at this time. Los Angeles faced elimination twice in the NLDS, so there is always an opportunity to back this team down the road.
2025 World Series Prediction: Dodgers vs. Yankees
The latest MLB odds point to a potential 2025 World Series rematch between the Dodgers and Yankees following their 2024 Fall Classic showdown.
Los Angeles leads the betting market as a +240 favorite to defend its title, while New York sits at +600 in pursuit of its first championship since 2009.
No other American League team has better than 10/1 odds, indicating a potentially smooth path for the Yankees to return to the Fall Classic. That said, it’s worth mentioning the Tigers have gone from +4000 to +1050 since the start of the season.
In contrast, the Dodgers could face tougher competition in the National League. The New York Mets, Philadelphia Phillies, Chicago Cubs, Atlanta Braves, and San Diego Padres all pose as significant threats. The NL West is also off to a ridiculous start, putting pressure on Los Angeles to not let up.
With so much time until the World Series, picking a winner remains a challenge. However, bettors should keep an eye on the market as odds shift throughout the season.
List of Recent World Series Champions
| Year | Team | Preseason Odds |
|---|---|---|
| 2024 | Dodgers | +350 |
| 2023 | Rangers | +5000 |
| 2022 | Astros | +1000 |
| 2021 | Braves | +1000 |
| 2020 | Dodgers | +385 |
| 2019 | Nationals | +1600 |
| 2018 | Red Sox | +1150 |
| 2017 | Astros | +1175 |
| 2016 | Cubs | +660 |
| 2015 | Royals | +3300 |
| 2014 | Giants | +2500 |
| 2013 | Red Sox | +2800 |
| 2012 | Giants | +2000 |
| 2011 | Cardinals | +2500 |
| 2010 | Giants | +2500 |
| 2009 | Yankees | +500 |
| 2008 | Phillies | +2000 |
| 2007 | Red Sox | +700 |
| 2006 | Cardinals | +700 |
| 2005 | White Sox | +2200 |
| 2004 | Red Sox | +400 |
| 2003 | Marlins | +7500 |
| 2002 | Angels | +4000 |
| 2001 | Diamondbacks | +1000 |
| 2000 | Yankees | +250 |
World Series Schedule & Dates
Games 1 and 2 of the best-of-7 series are hosted by the team with home-field advantage. The other team hosts Games 3, 4, and (if necessary) 5. If Games 6 and 7 are played, they’re both played at the site of the team with home-field advantage.
The dates and first-pitch times are released after the ALCS and NLCS have been completed. The series typically starts in late October.
How Many MLB Teams Reach the Postseason?
A total of 12 advance to the postseason after the conclusion of the 162-game regular season.
The current MLB postseason format was introduced in 2022. Three division winners and three Wild Card teams from each league comprise the MLB playoff bracket.
MLB Postseason Seeds
In each league, teams are seeded 1-6:
No. 1 seed: Best league record
No. 2 seed: Second-best division winner
No. 3 seed: Third-best division winner
No. 4 seed: Best record among Wild Card teams
No. 5 seed: Second-best record among Wild Card teams
No. 6 seed: Third-best record among Wild Card teams
The Nos. 1 and 2 seeds receive first-round byes to the Division Series.
For the Wild Card Series, the No. 3 seed faces the No. 6 seed, and the No. 4 seed faces the No. 5 seed.
How Are World Series Teams Chosen?
The two teams that win their respective Championship Series — ALCS and NLCS — advance to the World Series.
The team with the best regular-season record has home-field advantage in the series.
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