2024 AL & NL Cy Young Award Odds

This Cy Young Award odds guide has the latest odds to win both the American League and National League Cy Young Awards. Building on our MLB futures odds tutorial, you’ll learn everything you need to know to place a MLB Cy Young Award futures bet. This guide also features the best sports betting sites where you can legally place MLB bets in your jurisdiction.

Futures odds will update throughout the season, so be sure to bookmark this page and come back as the season progresses. The Baseball Writers Association of America (BBWAA) polls 2 sportswriters from each league city across the United States. Voting for each league’s Cy Young Award takes place prior to the postseason. The BBWAA announces the results after the World Series, within the first few days of November at the latest.


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Table of Contents

  1. AL Cy Young Odds
  2. NL Cy Young Odds
  3. What are MLB Futures?
  4. How to Bet
  5. Other MLB Futures Bets
  6. When to Bet
  7. Cy Young Award Futures FAQs

American League Cy Young Odds

2024 American League Cy Young Odds

Team
BetRivers Sports Betting BetRivers BetMGM Sports Betting BetMGM
Tarik Skubal+175
Bet
+200
Bet
Corbin Burnes+350
Bet
+350
Bet
Cole Ragans+1500
Bet
+1200
Bet
Luis Castillo+1300
Bet
+1300
Bet
Pablo Lopez+1500
Bet
+1800
Bet
Tanner Houck+3000
Bet
+1800
Bet
Jack Flaherty+2000
Bet
Logan Gilbert+2000
Bet
+2500
Bet
Seth Lugo+1000
Bet
+2500
Bet
George Kirby+6000
Bet
+3500
Bet
Joe Ryan+3500
Bet
+3500
Bet
Bryce Miller+6000
Bet
+4000
Bet
Jose Berrios+5000
Bet
+4000
Bet
Luis Gil+4000
Bet
Carlos Rodon+4000
Bet
+5000
Bet
Framber Valdez+4000
Bet
+5000
Bet
Kevin Gausman+5000
Bet
+5000
Bet
Kutter Crawford+6000
Bet
+5000
Bet
Garrett Crochet+7500
Bet
+6600
Bet
Grayson Rodriguez+10000
Bet
+6600
Bet

American League Cy Young Contenders

Corbin Burnes

Corbin Burnes (+450), who won the 2021 NL Cy Young Award with the Milwaukee Brewers, is the favorite to win the 2024 AL award in April. The Baltimore Orioles acquired the 29-year-old righty in February, and the Orioles seem to be all in for a playoff push this season. Burnes should be a huge part of the stretch run for this strong Baltimore squad.

Burnes — a three-time all-star — is coming off four consecutive years in which he finished in the top eight in Cy Young voting. He is looking for a bounce-back season after sporting a 3.39 ERA in 2023, which was his highest as a starter in his MLB career. On the bright side, he has three straight 200-strikeout seasons, and he should be locked in for a fourth this year.

Tarik Skubal

There is a surprise pitcher in the running for the AL Cy Young Award in 2024, and his name is Tarik Skubal (+600), who is looking to start 30 games in an MLB season for the first time. Skubal should be able to do so if he has put his injuries behind him. Tommy John surgery sidelined him in college in 2016 and 2017. Then, he had surgery on his flexor tendon in 2023.

The 2023 season began on July 4th for Skubal, and it was an impressive season, as he made 15 starts and had a 2.80 ERA to go along with a 0.896 WHIP. Can Skubal turn his 2023 half-season statistics into a 2024 full-season? If he does, the Tigers can compete and Skubal could be the AL Cy Young award winner.

National League Cy Young Odds

2024 National League Cy Young Odds

Team
BetRivers Sports Betting BetRivers BetMGM Sports Betting BetMGM
Zack Wheeler+200
Bet
+325
Bet
Shota Imanaga+450
Bet
+450
Bet
Ranger Suarez+400
Bet
+500
Bet
Tyler Glasnow+850
Bet
+700
Bet
Chris Sale+900
Bet
+1000
Bet
Dylan Cease+1200
Bet
+1400
Bet
Freddy Peralta+2000
Bet
+1800
Bet
Zac Gallen+2000
Bet
+1800
Bet
Yoshinobu Yamamoto+2000
Bet
+2000
Bet
Aaron Nola+3000
Bet
+2200
Bet
Sonny Gray+3000
Bet
+2500
Bet
Logan Webb+3000
Bet
+3000
Bet
Yu Darvish+6000
Bet
+3000
Bet
Max Fried+2000
Bet
+3500
Bet
Hunter Greene+6000
Bet
+5000
Bet
Jared Jones+7500
Bet
+6600
Bet
Reynaldo Lopez+6600
Bet
Jesus Luzardo+15000
Bet
+8000
Bet
Jordan Hicks+6000
Bet
+8000
Bet
MacKenzie Gore+8000
Bet

National League Cy Young Contenders

Zack Wheeler

Zack Wheeler (+500) is wheeling and dealing for the Phillies, and he is the favorite for the NL Cy Young Award in April as he attempts to win the award for the first time. Wheeler came very close in 2021 when he led all pitchers in Wins Above Replacement, innings pitched, and strikeouts per nine innings. He has had some very strong seasons in Philadelphia, and he hopes to have yet another one in 2024.

In 2019, the Phillies signed Wheeler, and the Dallas, Georgia native has pitched very well since. In 2023, Wheeler delivered to the tune of 212 strikeouts with a 3.61 ERA and 1.078 WHIP, and he then pitched very well in the postseason. This season, the Phillies are expected to once again compete in the NL East, and Wheeler will be very important as the ace of the rotation. This time around, Philadelphia hopes to make it back to the World Series.

Zac Gallen

Diamondbacks righty Zac Gallen (+700) is another favorite for the NL Cy Young Award, as he enters his fourth full-length MLB season in Arizona. Gallen, who was in a trade deadline-day deal for Jazz Chisholm Jr. in 2019, has come on strong in recent years. The starter finished fifth in the Cy Young voting in 2022, and in his 2023 all-star season, Gallen finished third in the voting. Can he jump two more spots in 2024 and win the award?

He has the skills to win the award, as he allowed the fewest hits per nine innings in 2022. Gallen then threw more innings in 2023 and saw a slight decrease in his statistics, but he did help the team win the pennant. In 2024, he appears that he will be able to better prevent the home run ball and lead the Diamondbacks to more playoff success en route to a Cy Young Award.

What are MLB Futures Bets?

A futures bet is placed on the outcome of a distant MLB event. Your bet wins if you chose the correct outcome. You may bet on more than one outcome at once, however the odds for each outcome will likely differ depending on each selection.

Popular MLB futures bets include odds to win the World Series, American and National League Pennant winners, and each division winner. Additionally, sports betting sites will have odds to win player awards like the league MVP awards. Some MLB betting sites also have player performance futures odds, like odds to lead the league in home runs, strikeouts, hits, or RBIs.

You can place a futures bet up to any point before the actual event begins or the player award is announced. Odds will vary as the season progresses. A team with a strong winning record will gradually become a favorite to win their league and possibly the World Series. On the other hand, an underperforming player will gradually become a long shot underdog to win a league’s MVP award.

MLB futures odds offer sports bettors two opportunities. One, the chance to bet on a distant event with a potentially higher payoff than any single game bet. Two, insight into which teams or players are likely to come out on top by the end of the season. Whether you actually bet the future or not, the changing odds are a useful datapoint to sharpen your baseball handicapping as the season progresses.

How to Bet MLB Cy Young Award Futures

Time needed: 1 minute

How to place a MLB Cy Young Award Futures Bet

  1. Review odds for MLB’s upcoming events

    Review futures odds for MLB’s upcoming events. Popular events include the World Series, league pennant winners, and division winners. Also review odds to win each league’s awards.

  2. Each outcome has moneyline odds

    Each outcome will have moneyline odds at American sports betting sites. Minus values indicate how much you risk to win $100. Plus values indicate how much you win if you risk $100.

  3. Make your selection and place your bet

    Make one or more selections and bet your desired amount.

  4. You may place one or more futures bets on the same event

    You can place multiple bets on the same event at once or at different times. Simply choose a different outcome and place another wager.

  5. Your bet wins if you picked the correct outcome

    Your bet wins if you picked the correct outcome. Review your sportsbook’s rules to see when a futures bet can be cancelled.

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MLB Futures Bets

The following are the most popular MLB futures bets. These bets are the most commonly placed by recreational and professional bettors alike. Use the odds to guide your handicapping throughout the season.

When to Bet MLB Futures

Like futures for other sports, there’s an art and science to betting MLB futures. The trick is to properly time your bet. You don’t want to bet too early without knowing much about how your team or player will perform. But you also don’t want to bet so late that your selection is an obvious winner with a small return.

The BBWAA polls two sportswriters from each league city across the United States. Votes are cast prior the postseason. The BBWAA announces each league’s Cy Young Award winners after the World Series. That means voters will only consider a pitcher’s regular season performance. Therefore, there’s a good chance you could reliably predict who’s in the running for each league’s Cy Young Award by the end of the summer.

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Cy Young Award Betting Strategies

First, identify three to five pitchers most likely to win each league’s Cy Young Award. The pitchers should be top starters and in good health prior to – and during – the MLB regular season. Take note of each pitcher’s bullpen, and their team’s ability to rest them with good relief pitchers and capable closers.

Second, eliminate the least likely pitchers from consideration. Longshots rarely win MLB player awards unless multiple favorites have fallen out of contention. Since this isn’t likely to happen, focus on the performance of leading contenders throughout the season, particularly from mid-August onwards. Sportswriters voting for the awards will be most likely to base their decision on recent performances versus what happened in the early games of the regular season.

Moreover, team managers will be likely to rest star pitchers early on in the season, saving them for potential postseason play. In many respects, the opening odds for each league’s Cy Young Award are a bit of a shot in the dark.

Third, keep tabs on weekly injury reports, carefully monitoring the health of pitchers in the running to win the Cy Young Award. Don’t forget to review the rest of their bullpen, too. The ability of a pitcher to maintain their performance throughout the regular season comes down to getting adequate rest between games. This requires their team to have a good overall pitching staff.

Finally, review historic voting trends and biases. Also note that pitchers can win the award multiple times. There’s no prohibition against the same pitcher winning back-to-back years. As of 2024, Roger Clemens has won a record 7 Cy Young Awards (1986, 1987, 1991, 1997, 1998, 2001 and 2004). Randy Johnson follows Clemens with 5 Cy Young Awards (1995, 1999, 2000, 2001 and 2002).

Don’t forget to review articles and interviews from sportswriters and media figures who previously voted for each league’s Cy Young Award. Try to get a sense of the criteria they used to cast their vote.

Knowing how the sportswriters analyzed each player and which characteristics garnered the most attention can help you refine your own selections.


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Cy Young Award Futures FAQs

What is a League Cy Young Award futures bet?

A Cy Young Award futures bet is placed on the outcome of the BBWAA’s voting for the American and National League Cy Young Awards. Your bet wins if you chose the correct outcome. You may bet on more than one outcome at once, however the odds for each outcome will likely differ depending on each selection.

What do Cy Young Award futures odds numbers mean?

Minus values indicate how much you risk to win $100. Selections with a minus value are considered strong favorites. Plus values indicate how much you win if you risk $100. Selections with plus values are considered underdogs. A selection with the lowest plus odds value among a market with no minus value favorite would be considered a modest underdog to win.

When is the best time to place a Cy Young Award futures bet?

The BBWAA polls two sportswriters from each league city across the United States. Votes are cast prior the postseason. That means voters will only consider a player’s regular season performance. Therefore, there’s a good chance you could reliably predict who’s in the running for each league’s Cy Young Award by the end of the summer.

Who votes for MLB’s Cy Young Awards?

The Baseball Writers’ Association of America (BBWAA) annually polls two sportswriters from each league city across the United States. Votes are cast prior the postseason. The BBWAA publishes each league’s Cy Young voting results after the World Series.

When are the MLB’s Cy Young Award winners announced?

The Baseball Writers’ Association of America (BBWAA) will announce both the American and National League Cy Young winners after the World Series, typically within the first few days of November.

MLB Betting Resources

  • How to Bet on MLB Baseball – Learn how to bet on MLB baseball with moneylines, totals, and run lines, plus exotics like parlays, props, and futures.
  • MLB Betting Sites – We’ve reviewed the best licensed and legal US sports betting sites where you can bet on MLB.
  • MLB Odds – Moneylines, totals, and run lines for upcoming MLB matchups. Review odds to win the World Series, plus each league’s Pennant and Divisions.
  • MLB Prop Bets – Learn how to bet on MLB prop bets, and then have a look at the latest prop bets from upcoming MLB matchups.
  • MLB Underdogs – Review today’s MLB underdog betting opportunities, and our simple underdog betting system.
  • MLB Win Total Odds – We explain what a MLB win total bet is, how to place the bet, and offer an example wager to illustrate how this simple wager works.
  • MLB Futures Odds – Our tutorial explains how to bet MLB futures with a helpful example, plus the latest odds to win the World Series, American and National Leagues, each division, and MVP awards.
  • Undefeated MLB Teams – See which teams are still undefeated in the current regular season.
  • World Series Betting Odds – Odds to win the World Series combined with a helpful tutorial that explains how to bet on the Fall Classic with moneylines, totals, and run lines.
  • MLB League MVP Odds – See which players are favored to win this season’s American and National League MVP awards.
  • Best Way to Bet on MLB Baseball – This helpful tutorial filters out all the noise and sticks to the basics. Learn simple MLB handicapping strategies.
  • When to Bet the Run Line vs the Moneyline – Learn when betting the run line offers more value than the moneyline. Know which moneyline values indicate the run line might be worth a look.
  • MLB Team Betting Odds – Check out odds for each MLB team’s upcoming matchups, plus team futures, season specials, and team standings.