Coming off his second American League MVP season in 2024, New York Yankees outfielder Aaron Judge opened as the favorite to repeat for the award. He has only helped his argument by posting the AL's best average (.355) as well as its second-most home runs (35) and RBIs (81) at the All-Star break. However, as excellent as his season has been, a stunning breakout campaign from Seattle Mariners catcher Cal Raleigh is closing the gap in the odds.
Judge currently shows -600 odds to win the AL MVP in 2025, a major improvement from his leading +300 at the start of the season, according to ESPN BET
lines. However, Raleigh now has the second-best odds +325, a remarkable shortening from his opening 100-1 price.
Judge's short odds all season -- which reached an incredible -1,000 in mid-May -- dictated that he was never going to be an attractive option for bettors, with BetMGM reporting 5.2% of the bettors backing him for the award, fifth best in the market.
Raleigh, on the other hand, made a slow progression up the odds board, allowing bettors to take advantage of his long plus-pricing for some time. Caesars Sportsbook baseball lead Eric Biggio said many of the sportsbook's customers grabbed the Mariners backstop at 90-1 back in early May. Judge's excellence actually helped keep Raleigh at a long price, according to another bookmaker, since Judge's extremely short price needed to be balanced.
BetMGM said Raleigh holds a leading 33% of the handle for AL MVP, the book's largest liability in the market. His laidback attitude, Home Run Derby win and amusing nickname could continue to fuel his MVP narrative ... and make trouble for sportsbooks.
"As much as I like him, as much as I enjoy rooting for the Big Dumper, he's a pretty big liability for us," Biggio told ESPN. "We've got some pretty big tickets on Raleigh to win the MVP and for the home run leader."
The latter market is also an intriguing one: Even as Raleigh (38) holds a three-homer lead over Judge, the Yankees slugger is still the solid favorite to sock the most dingers this season, showing -140 odds to Raleigh's +130 at ESPN BET. Los Angeles Dodgers DH Shohei Ohtani holds +800 odds to accompany his 32 home runs.
"If Raleigh wins either one of those two awards, we're not going to be in as good of shape with him as we are with those other two guys," DraftKings Sportsbook director Johnny Avello told ESPN.
Ohtani is also the solid favorite for National League MVP at -700, but Chicago Cubs outfielder Pete Crow-Armstrong is putting some degree of pressure on him at +750. BetMGM reports PCA as its biggest liability in that market.
World Series favorites
Ahead of the 2025 season, the Dodgers were an astounding +160 to win the National League pennant and +275 to win the World Series, per ESPN BET lines -- the shortest odds to win MLB's championship since the 2003 Yankees. At the All-Star break, not a whole lot has changed, with L.A. now a +140 favorite to take the NL crown and a +240 favorite for the World Series.
Things have not gone as expected on the American League side, however. After opening the season at +1200 to win the AL and +3000 to take the World Series, the Detroit Tigers now display the best record in baseball, bringing their pennant odds to a favorite's +250 and their championship odds to +700, tied with the Yankees for second best.
The underdog story resonated with the betting public, who began backing the Tigers at the first indications that they could make some noise not only in the AL Central, but in the league at large. Biggio said Detroit is Caesars' second-largest liability, behind only the San Francisco Giants.
"We had some longer prices, and the public spotted it early that they're a legit squad," he said. "So some big prices on the Tigers to win it all, and they are for real."
"They've become a popular futures selection, now our second-most bet World Series winner by total bets, and third-most popular pick by handle," ESPN BET's VP of sportsbook strategy and growth Adam Landeka said via email. "Given their relatively longer price earlier in the season, we already know we'll be a fan of almost any team the Tigers face in the postseason."
While Detroit's concern will be coaching its relatively inexperienced core to a postseason run, L.A.'s will be staying healthy. Bookmakers remark that the Dodgers' ability to keep winning games despite several significant injuries is a testament to their depth, thus keeping them a favorite in the long run.
Young arms
The eyes of the baseball world turned to Milwaukee for a seemingly random matinee game June 25. It was the first head-to-head matchup between Pittsburgh Pirates ace Paul Skenes and Milwaukee Brewers rookie Jacob Misiorowski, two of the brightest future pitching stars in baseball. It would prove to be significant for at least one of them.
Prior to his MLB debut on June 12, Misirowski was +2500 to win NL Rookie of the Year. That day he moved to +1000, then to +175 after his second start, before finally becoming the odds-on favorite at -120 after getting the better of Skenes, according to ESPN BET's Landeka. At the break, "The Miz" is -220 to take home the award. Sportsbooks were able to stay on top of his rapid ascendancy, limiting their liability.
"We were able to move this guy pretty quickly," Avello said. "That's one that didn't get hit, could have had some good value there. We're in pretty good shape with him actually."
Skenes, meanwhile, is having another remarkable season after taking home ROY honors last year, but his disappointing record (4-8) for a dismal Pirates team could be keeping him from being the NL Cy Young favorite. He currently shows -105 odds at ESPN BET, trailing Philadelphia Phillies ace Zack Wheeler at -130.
It's largely a two-man race -- Wheeler's teammate, Cristopher Sanchez, is next closest in the odds at +2000 -- but sportsbooks aren't too worried about liability given the short prices on Skenes and Wheeler all season.
"We've seen comparable action on both, but as it stands now Skenes would be a better result for us," Landeka said.