2024 Cy Young Odds: What's Wrong With Pablo Lopez?

Pablo Lopez had been among the mid-tier of AL Cy Young favorites for much of the early part of the season. However, he has labored through back-to-back terrible outings and his odds of winning have plummeted. Let's see how he measures up now.

Jason Wilson - Publishing Editor at Covers.com
Jason Wilson • Publishing Editor
May 28, 2024 • 14:44 ET • 7 min read
Pablo Lopez Minnesota Twins MLB
Photo By - USA TODAY Sports

There has been a little separation atop the boards in both the AL and NL Cy Young races.

However, Pablo Lopez has seen his MLB odds plummet after consecutive disastrous starts.

Let's see how the Cy Young odds are shaking out in both leagues.

Odds to win AL Cy Young award 2024

Player DraftKings FanDuel bet365 Caesars
Tigers Tarik Skubal +175 +270 +225 +175
Orioles Corbin Burnes +400 +450 +425 +400
Red Sox Tanner Houck  +1,000 +1,100 +1,100 +1,000
Mariners Luis Castillo  +1,100 +1,200 +1,200 +1,200
Royals Cole Ragans +1,300 +1,200 +1,200 +1,000
Royals Seth Lugo  +1,600 +1,700 +1,600 +1,200
Mariners Logan Gilbert +1,800 +1,600 +1,600 +1,500
Twins Joe Ryan  +2,000 +2,000 +2,000 +3,000
Tigers Jack Flaherty OTB +2,500 +2,500 +6,000
Mariners George Kirby  +3,000 +5,000 +5,000 +2,200
Twins Pablo Lopez  +3,000 +6,000 +6,000 +1,800
Yankees Carlos Rodon  +3,000 +5,000 +5,000 +4,000
Red Sox Kutter Crawford +3,500 +8,000 +8,000 +3,000
Blue Jays Jose Berrios +3,500 +5,000 +5,000 +3,500
White Sox Garrett Crochet  +3,500 +4,000 +4,000 +5,000
Yankees Luis Gil +4,000 +4,000 +4,000 +4,000
Guardians Tanner Bibee +4,000 +15,000 +12,500 +8,000
Astros Framber Valdez +4,000 +8,000 +8,000 +5,000
Astros Cristian Javier +4,000 OTB +4,000 +3,500
Rangers Nathan Eovaldi +4,000 +12,000 +12,500 +5,500

Odds as of 5-28-24.

AL Cy Young odds analysis

5/28/2024: A week ago, Minnesota Twins right-hander Pablo Lopez was trading as short as 10/1 to win AL Cy Young and he's since cratered at most books, available as long as 60/1 today. Part of this is catching up, and part of it is things have gotten worse. Lopez has allowed 13 earned runs over his last two starts (9 2/3 innings) while allowing four home runs. His ERA has jumped from 3.93 to 5.25. Now, he had his share of blow-ups even before these two catastrophically bad outings, but he's also posted four starts with one run allowed. He's the definition of boom or bust. 

It's funny, his 27.7% strikeout rate isn't all that far behind last season's 29.2% mark, which seemed like an outlier anyway as a career-high, and his 4% walk rate is the best he's ever posted. However, he's allowing home runs at the most frequent rate of his career and he's getting leveled by hard contact. He may have dug himself into too deep a hole, especially with how well Tarik Skubal and Corbin Burnes continue to pitch, but if he can do a better job of keeping the ball in the park and reduce the amount of hard contact, he can fix a broken season.

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Odds to win NL Cy Young award 2024

Player DraftKings FanDuel bet365 Caesars
Phillies Zack Wheeler  +330 +350 +350 +350
Cubs Shota Imanaga  +350 +440 +400 +350
Phillies Ranger Suarez  +500 +900 +700 +400
Braves Chris Sale +700 +600 +600 +650
Dodgers Tyler Glasnow  +750 +800 +800 +700
Padres Dylan Cease  +1,500 +1,700 +1,600 +1,400
Brewers Freddy Peralta  +1,600 +2,900 +3,000 +1,600
Diamondbacks Zac Gallen  +2,000 +2,500 +2,500 +2,500
Dodgers Yoshinobu Yamamoto  +2,000 +3,900 +4,000 +2,200
Cardinals Sonny Gray   +2,000 +2,500 +2,500 +2,500
Giants Logan Webb  +2,000 +2,100 +2,000 +3,000
Braves Max Fried  +2,500 +3,000 +3,000 +3,500
Phillies Aaron Nola +2,500 +3,000 +3,000 +3,000
Padres Yu Darvish +3,500 +6,500 +6,500 +4,000
Pirates Mitch Keller +4,000 +15,000 +15,000 +7,500
Pirates Jared Jones +4,000 +10,000 +10,000 +6,000
 Reds Hunter Greene +4,000 +5,500 +5,000 +5,000

Odds as of 5-28-24.

NL Cy Young analysis

5/21/24: San Diego Padres right-hander Yu Darvish has seen his odds shorten at DraftKings and FanDuel, stay the same at Caesars, and explode to +65,000 at bet365 in the last week. That is not a typo, at least not on my end. It should theoretically move because that's far too much of an overcorrection after one atrocious start. He allowed seven runs on nine hits (four home runs) in 5 2/3 innings against the Yankees. Before that, he had not allowed a run in four consecutive starts, a span of 24 innings. Even after the implosion, his ERA sits at 3.04.

Injury risk is always in play with Darvish, and he's already missed time this season, but that's an absurd odds disparity that I can't imagine will stick around, especially if he handles the Miami Marlins in his next start like most pitchers have this season. It's a long shot, but that gap is something worth exploiting while it exists.

And poof, like that, it's gone. Minutes after hitting publish on this piece, the line had moved back to +6,500. It was a beautiful and fleeting time.

Previous Cy Young Award winners

Here are the last 10 winners of the AL and NL Cy Young Award, with Cleveland and the New York Mets each leading the way with three. Overall, the Brooklyn/Los Angeles Dodgers have the most Cy Youngs all time (12), followed by the Milwaukee/Atlanta Braves, Philadelphia Phillies, Boston Red Sox, and Mets with seven.

Previous AL Cy Young winners

Year American League Winner
2023 Yankees Gerrit Cole
2022 Astros Justin Verlander
2021 Blue Jays Robbie Ray
2020 Guardians Shane Bieber
2019 Astros Justin Verlander
2018 Rays Blake Snell
2017 Guardians Corey Kluber
2016 Red Sox Rick Porcello
2015 Astros Dallas Keuchel
2014 Guardians Corey Kluber
2013 Tigers Max Scherzer

Previous NL Cy Young winners

Year National League Winner
2023 Padres Blake Snell
2022 MarlinsSandy Alcantara
2021 Brewers Corbin Burnes
2020 Reds Trevor Bauer
2019 Mets Jacob deGrom
2018 Mets Jacob deGrom 
2017 Nationals Max Scherzer
2016 Nationals Max Scherzer
2015 Cubs Jake Arrieta
2014 Dodgers Clayton Kershaw
2013 Dodgers Clayton Kershaw

Pitchers with multiple Cy Young awards

There are 22 pitchers who have won multiple Cy Young Awards, led by Roger Clemens' seven trophies. Of those 22 winners, six are still currently active in the Majors.

Pitcher Number of Cy Young Awards (Years)
Roger Clemens 7 (1986, 1987, 1991, 1997, 1998, 2001, 2004)
Randy Johnson 5 (1995, 1999, 2000, 2001, 2002)
Steve Carlton 4 (1972, 1977, 1980, 1982
Greg Maddux 4 (1992, 1993, 1994, 1995)
Seven different pitchers 3
11 different pitchers 2

Popular MLB futures markets

MLB Cy Young odds explained

Most sportsbooks will display odds in the American format as listed above. When Shane Bieber looked to have the AL Cy Young locked up in 2020, his odds had a minus (-) sign ahead of the number.

  • Shane Bieber -300

That means that a bettor in September had to wager $300 to win $100 by betting on Bieber. Before this year's race even began, every candidate had a (+) sign in front of their number.

  • Jacob deGrom +550

With deGrom's preseason odds, a bettor stands to profit $550 for every $100 wagered on him.

If American odds aren't your thing, simply use a tool like our odds converter to switch the odds to decimal or fractional format. Most online sportsbooks also give you the option to change the odds format that you see.

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MLB Cy Young Odds

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