2024 MLB Home Run Title Odds: Henderson is the Total Package

Mike Trout's knee surgery has left him without a timetable for return and the ripple effect has pushed Pete Alonso to the top. However, Gunnar Henderson has been smashing homers left and right for the Orioles and continues to climb the board.

May 1, 2024 • 11:12 ET • 5 min read
Gunnar Henderson Baltimore Orioles MLB
Photo By - USA TODAY Sports

Mike Trout was the betting favorite to lead MLB in home runs less than a week ago. A surprise knee surgery will sideline him indefinitely, rendering his chances obsolete. 

With MLB odds for the eventual home run title on the board, we can break down who is favored and who is pushing for top spot in the power department as there has been some shifting in numbers in the wake of Trout's injury.

Odds to win 2024 MLB home run title

Player FanDuel bet365
Mets Pete Alonso +360 +500
Astros Yordan Alvarez  +650 +600
Dodgers Shohei Ohtani  +800 +900
Yankees Aaron Judge +1,000 +1,100
Braves Marcell Ozuna  +1,200 +1,100
Rangers Adolis Garcia  +1,200 +1,200
Phillies Kyle Schwarber  +1,600 +2,000
Yankees Juan Soto +1,600 +2,000
Braves Matt Olson +1,700 +2,000
Orioles Gunnar Henderson +2,200 +1,600
Padres Fernando Tatis Jr. +2,500 +2,500
Dodgers Mookie Betts    +3,500 +2,800
Red Sox Tyler O'Neill +3,500 +1,600
Giants Jorge Soler +4,500 +4,000

Odds as of 5-1-2024

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Latest MLB HR title analysis

5/1/2024: Baseball can be cruel. For as great as Mike Trout has been for his career — and he is a surefire first-ballot Hall of Famer — I often wonder just how gaudy his numbers would have been if injuries had not reared their ugly heads in recent seasons. For the first month of 2024, Trout looked healthy and while the batting average was lower than we're accustomed to, the power was impressive. He was the first player to reach double-digit home runs and was atop the betting board to lead the majors in long balls, a feat he has never accomplished.

Well, the second player to reach 10 homers is reigning AL Rookie of the Year Gunnar Henderson. The second-year infielder graded out with great power potential as a prospect and he hit 28 last season. However, he only hit five over the first two months, blasting the remaining 23 after the calendar flipped to June. The 10 he's hit this year nearly matches his first-half output of 2023. 

Henderson doesn't have Pete Alonso's or Aaron Judge's track record, so it's understandable why he's trailing them in the betting odds. But I can guarantee that his number will shrink with every additional big fly. He's hit four over his last seven games and 22/1 might be the best value we'll see going forward.

Home run title trends

  • While a National League player (Matt Olson) won the home run title in 2023, it had been claimed by an AL slugger in each of the previous four seasons.
  • Aaron Judge’s 62 home runs in 2022 made him just the second AL player to surpass 60 home runs in a season after Roger Maris in 1961.
  • Pete Alonso was the last rookie to lead the majors in home runs in 2019 when he hit 53 (also setting a new Mets single-season mark).
  • Babe Ruth holds the record for the most home run titles won by a player with 11.
  • The last player to win back-to-back home run titles was Jose Bautista in 2010 and 2011.

Popular MLB futures markets

Understanding MLB HR title betting odds

Betting MLB home run title odds is about as simple as it gets. You are just betting on which player will end the regular season with the most home runs in the MLB. HR title betting futures are usually shown in American-style odds and usually look like this:

  • Pete Alonso +800

This means that on a $100 bet, you'll stand to profit $800 if Alonso wins the MLB home run title. Now, most of these markets close when the season starts. But some sportsbooks may post updated odds at different points in the season, and if one player has a large lead in home runs you might see a minus sign (-) ahead of their odds:

  • Aaron Judge -110

This means that you would need to bet $110 to win $100 on Judge winning the MLB home run title. If you want to see the odds in a different format check out our odds converter tool.

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