MLB World Series Odds: Dodgers the Favorite Ahead of Opening Day

Aidan Cotter
Aidan CotterAidanCotterFD

The 2024 MLB season is right around the corner.

The first pitch of the 2024 campaign will be thrown on March 20th from South Korea, followed by all 30 teams getting in on the fun later this month.

Baseball has arrived, so let's dive into the 2024 World Series odds -- via the MLB odds at FanDuel Sportsbook -- and check out some of the top contenders.

Los Angeles Dodgers
Atlanta Braves+450
Houston Astros+700
New York Yankees+950
Baltimore Orioles+1400
Texas Rangers+1400
Philadelphia Phillies+1500
Toronto Blue Jays+1800
View Full Table

Odds via the MLB odds on FanDuel Sportsbook. Numbers via FanGraphs unless otherwise stated.

2024 World Series Odds

Los Angeles Dodgers (+320)

The Los Angeles Dodgers are the current World Series favorites at +320 odds. Their odds have shortened a bit from +380 since we last previewed the 2024 World Series odds in January.

There's no question that LA is the favorite. The Dodgers had the third-best record (100-62) and second-best run differential (+207) in baseball last season. They entered the postseason as the No. 2 seed in the National League before getting swept by the eventual-NL champion Arizona Diamondbacks.

LA featured five All-Stars and two of the top three finishers for NL MVP last year, but that didn't stop them from making several major moves in the offseason. Chief among those was the addition of reigning AL MVP Shohei Ohtani. Ohtani won't pitch in 2024 after undergoing elbow surgery in September, but he'll still serve as LA's everyday DH. Ohtani batted .304 with 44 home runs and 95 RBI across 135 games last season.

The rest of the Dodger lineup is just as scary. Last season, LA finished second in weighted on-base average (wOBA), slugging percentage (SLG), and total runs scored. Mookie Betts and Freddie Freeman remain two of the game's top hitters. Ohtani, Betts and Freeman all sit in the top four in FanDuel Sportsbook's NL MVP odds.

Veterans Will Smith, Max Muncy, and newly signed Teoscar Hernandez give the Dodgers plenty of established pop outside the top of the order.

The Dodgers were 10th in defensive WAR last season and 13th in team ERA in 2023. Though the Dodgers' pitching staff may get off to a slow start with Clayton Kershaw and Walker Buehler beginning the season on the injured list, offseason additions Tyler Glasnow and Yoshinobu Yamamoto are well-equipped to hold down the fort until the summer. Youngsters Bobby Miller, Emmet Sheehan, and Gavin Stone are fully capable, as well, so there's no shortage of pitching talent on this roster.

Simply put, this Dodgers roster is loaded from top to bottom. FanGraphs gives LA a 16.6% chance to win the World Series, though that is lower than the 23.8% implied probability we get from their +320 odds. Still, with no apparent weaknesses, the Dodgers are worthy favorites to win the World Series in 2024, even if there isn't a ton of betting value with them at +320.

Atlanta Braves (+450)

The Atlanta Braves have the second-shortest odds to win the World Series at +450. They're the only team besides the Dodgers with odds shorter than +500, and those odds have shortened some this offseason as Atlanta was +650 in this market in January.

The Braves had the best record in baseball last season, going 104-58 and earning the NL's No. 1 seed before bowing out in the NLDS. They racked up the best run differential in the game (+231) and finished with identical 52-29 records at home and on the road.

Atlanta had the best offense in the league last year by a substantial margin. The Braves averaged 5.8 runs per game and posted a .359 team wOBA. The next-closest team averaged 5.6 runs per game with a .341 wOBA. They are, of course, led by reigning NL MVP Ronald Acuna, who is fresh off the first 40-home run/70-stolen base season in MLB history. The NL MVP odds have Acuna listed at +500, making him the favorite.

First baseman Matt Olson led the league with 54 home runs and 139 RBI in 2023, serving as a capable Robin to Acuna's Batman. In total, six Atlanta position players made the All-Star game for the best offense in baseball.

Pitching is perhaps the Braves' biggest question mark, though they still finished a respectable 15th in team ERA. Spencer Strider established himself as one of the league's top aces and is a clear favorite to be the game's K king, sporting +145 odds to lead the MLB in strikeouts. No other pitcher is shorter than +1200 in that market.

A healthy Max Fried gives the Braves a formidable one-two punch at the top. The rest of the rotation is less solidified, but they did add former Cy Young winner Chris Sale in the offseason. Their bullpen was reliable last year, too, finishing 11th in relief pitcher ERA.

With an offense this potent, it's no wonder the Braves have the second-best odds to win the World Series. FanGraphs gives them a 25.1% chance to win it all in 2024, the highest mark of any team. Based on those projections, Atlanta looks like one of the best early values on the board. Their +450 odds on FanDuel Sportsbook translate to an 18.2% implied chance to win the World Series.

Houston Astros (+700)

The Houston Astros have the third-best odds to win the World Series at +700.

Houston failed to defend their 2022 title last season, but they still managed to go 90-72, win the AL West, and finish as the AL's No. 2 seed. They advanced to the ALCS before losing in seven games to the eventual champion, the Texas Rangers. In the regular season, Houston had the fifth-best run differential. They'll be under new leadership in 2024 with long-time bench coach Joe Espada taking over for Dusty Baker.

The Astros were a well-rounded team last season, finishing fifth in runs scored and ninth in runs allowed. Offensively, Houston featured the fifth highest wOBA and ranked seventh in home runs. Their core of Jose Altuve, Alex Bregman, Kyle Tucker, and Yordan Alvarez returns in 2024, with the latter two coming off All-Star seasons. Young bucks Jeremy Pena and Yainer Diaz took a step forward last year, and both figure to be major parts of Houston's offense this season.

Houston featured the eighth-best team ERA in 2023, and their pitching should be a strength again in 2024. Framber Valdez is as consistent as they come in the No. 1 starter role and is showing the sixth-shortest AL Cy Young odds (+1100).

But the rest of the rotation has some question marks. Justin Verlander won't be ready for opening day, but the 41-year-old is reportedly close to facing live batters. Cristian Javier and Hunter Brown were inconsistent last year, but the Astros don't need to have the best starting rotation to compete. Houston's expected to have one of the top bullpens in baseball after adding Josh Hader to a group that finished sixth in relief ERA last year.

With their core hitters intact and a filthy mix of relivers coming out of the 'pen, the Astros are a serious World Series contender. FanGraphs' projections give them an 11.7% chance to win the World Series, the highest mark in the AL. Thats's close to the 12.5% implied odds we get from their +700 odds on FanDuel Sportsbook.

New York Yankees (+900)

The New York Yankees have the fourth-shortest odds to win the World Series at +900. They're the fourth and final team with odds shorter than 10:1 to win it.

The Yankees are coming off a down year in 2023. They went just 82-80, finishing 19.0 games out of first in the AL East and 7.0 back of the final Wild Card spot. Their -25 run differential ranked 17th.

Most of their struggles boiled down to poor offense. The Yankees averaged the sixth-fewest runs in the league and ranked 24th in wOBA. Still, they had the lowest batting average on balls in play (BABIP) and ranked finished ninth in isolated power (ISO), so there's reason to believe in a bounce back this season.

That's especially true after they added superstar Juan Soto in the offseason. Despite playing in an extremely pitcher-friendly ballpark in 2023, Soto hit .275 with career-best marks in home runs (35) and games played (162). Still just 25 years old and entering the final year of his contract, there's optimism that Soto can return to MVP form in a more favorable home stadium. The AL MVP odds list Soto as the favorite.

Soto and Aaron Judge -- who sits second in said AL MVP odds (+650) -- form one of the top offensive duos in the sport, provided the latter can stay heathy. Judge was limited to 106 games last season, and there's already reports that last season's toe injury will require maintenance for the rest of his career.

Still, Soto and Judge can carry a lineup, and they're joined by several veteran bats in Anthony Rizzo, Giancarlo Stanton, and Alex Verdugo. A breakout from sophomore shortstop Anthony Volpe is certainly on the table, too. The 22-year-old batted only .209 last season, but he belted 21 home runs and stole 24 bases.

New York's biggest strength -- its pitching -- took a hit this week when Gerrit Cole picked up an injury, but the reigning Cy Young winner at least avoided Tommy John surgery. He's expected to be out until June. Assuming no setbacks, Cole will undoubtedly still make an impact this season, but he'll need the rest of the rotation to step up.

Newcomer Marcus Stroman has proven to be an effective innings-eater throughout his career, and healthier seasons from Carlos Rodon and Nestor Cortes could go a long way toward helping the Yankees succeed in Cole's absence. The Yankees had just the 18th-best starter ERA last season but led the league in reliver ERA.

FanGraphs gives the Yankees a 6.6% chance to win the World Series. Based on their 10% implied odds, there isn't much value in taking them right now, but that could change if the lineup clicks and Cole hits the ground running this summer.

Looking for more MLB betting opportunities? Check out all of the MLB odds at FanDuel Sportsbook.

Sign up for FanDuel Sportsbook and FanDuel Daily Fantasy today!

The above author is a FanDuel employee and is not eligible to compete in public daily fantasy contests or place sports betting wagers on FanDuel. The advice provided by the author does not necessarily represent the views of FanDuel. Taking the author's advice will not guarantee a successful outcome. You should use your own judgment when participating in daily fantasy contests or placing sports wagers.