Pitchers and catchers have reported for duty and, unlike last season, none of the top free-agent arms are still on the open market.
The current MLB odds are bullish on Tarik Skubal repeating in the AL and Paul Skenes building on his NL Rookie of the Year win with another piece of hardware.
Still, several options may present better value before spring training games begin in earnest.
Odds to win AL Cy Young award 2025
| Player |  |
 |
 |
|---|---|---|---|
 Tarik Skubal |
+400 | +350 | +400 |
 Garrett Crochet |
+600 | +600 | +600 |
 Cole Ragans |
+900 | +1100 | +900 |
 Jacob deGrom |
+1100 | +1100 | +1000 |
 Gerrit Cole |
+1600 | +1200 | +1400 |
 Logan Gilbert |
+1600 | +1200 | +1600 |
 Framber Valdez |
+1700 | +2000 | +1800 |
 Pablo Lopez |
+1700 | +2200 | +1600 |
 Shane McClanahan |
+2000 | +2200 | +2000 |
| George Kirby |
+2200 | +2200 | +2200 |
| Hunter Brown |
+2500 | +2000 | +2500 |
 Grayson Rodriguez |
+2500 | +3000 | +2500 |
| Max Fried |
+2500 | +2000 | +2500 |
| Luis Castillo |
+2500 | +3300 | +2500 |
 Kevin Gausman |
+2500 | +3000 | +2500 |
| Tanner Houck |
+3000 | +4000 | +3000 |
| Luis Gil |
+3000 | +4000 | +3000 |
| Bryce Miller |
+3500 | +3500 | +3000 |
| Bryan Woo |
+3500 | +3300 | +3500 |
 Tanner Bibee |
+3500 | +3300 | +3000 |
| Joe Ryan |
+4000 | +3000 | +3500 |
| Max Scherzer |
+4000 | OTB | +4000 |
Odds as of 2-17-2025.
AL Cy Young odds analysis
2/17/2025: One rule of thumb you can apply in a crapshoot like picking a Cy Young winner before the season even starts is to focus on durability. Of the top names in the odds board, this has me focusing on Seattle Mariners right-hander Logan Gilbert.
The 27-year-old right-hander has pitched 185+ innings in each of the last three seasons and is coming off his strongest season, notching career highs in IP (208 2/3), strikeouts (220), and fWAR (4.1) while posting his best walk rate (4.6%). He pitches half the time in perhaps baseball's most pitcher-friendly park, and offers better value at +1600 than the bulk of his peers ahead of him, all of whom carry significant injury risk.
Yes, Jacob deGrom's ceiling is higher than anybody's, but he's thrown just 197 1/3 innings in the last four seasons, and only 41 1/3 in two seasons since joining the Texas Rangers. At this interval, I'd rather the more durable option at much better odds.
Previous AL Cy Young action
1/3/2025: Detroit Tigers ace Tarik Skubal is favored to repeat as AL Cy Young winner, but he's not without competition. The Boston Red Sox echoed a previous trade from many moons ago by acquiring young left-hander Garrett Crochet from the Chicago White Sox. After a breakout year in 2024, Crochet is poised to take another step — at least oddsmakers think so. Jacob deGrom, Gerrit Cole, and Shane McClanahan are all coming off injury-ravaged seasons. Cole looked more like himself in the postseason, but can we truly count on a full season of work from deGrom now? Granted, he has the stuff, but he's also never been bad when healthy. Nevertheless, he's been limited to 41 innings over the first two years of his five-year deal with Texas!
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Odds to win NL Cy Young award 2024
| Player | |
|
|
|---|---|---|---|
 Paul Skenes |
+300 | +220 | +300 |
 Zack Wheeler |
+750 | +700 | +750 |
 Chris Sale |
+800 | +1100 | +800 |
 Blake Snell |
+1000 | +800 | +900 |
 Corbin Burnes |
+1200 | +1600 | +1200 |
 Dylan Cease |
+1600 | +2500 | +1600 |
| Tyler Glasnow |
+1700 | +3000 | +1600 |
| Spencer Strider |
+2200 | +3000 | +2200 |
 Hunter Greene |
+2200 | +2000 | +2200 |
| Michael King |
+2200 | +2000 | +2000 |
 Sandy Alcantara |
+2500 | +4000 | +2200 |
| Yoshinobu Yamamoto |
+2500 | +1800 | +2500 |
 Logan Webb |
+2500 | +3000 | +2500 |
 Kodai Senga |
+2800 | +5000 | +2800 |
 Freddy Peralta |
+2800 | +5000 | +2500 |
| Zac Gallen |
+3000 | +2500 | +3000 |
 Sonny Gray |
+3000 | +3500 | +3000 |
 Shota Imanaga |
+3000 | +4000 | +2800 |
| Shohei Ohtani |
+3000 | +5000 | +2800 |
| Cristopher Sanchez |
+3000 | +5000 | +3500 |
| Brandon Woodruff |
+4000 | +4000 | +4000 |
| Aaron Nola |
+4000 | +6000 | +3500 |
| Spencer Schwellenbach |
+4000 | +4500 | +4000 |
| Justin Steele |
+4000 | +3500 | +3000 |
Odds as of 2-17-2025.
NL Cy Young analysis
2/17/25: There simply isn't enough value on Paul Skenes to take him outright for my liking. Pitchers are so volatile, that this kind of gap before training camp really gets underway has me wary.
For example, Spencer Strider opened with slightly worse odds (+425) as the presumptive favorite in 2024. His season was over after two starts. Conversely, the eventual winner, Chris Sale, opened at +3000.
The year before, Blake Snell won after opening at +3500. Corbin Burnes and Sandy Alcantara were the favorites entering 2023 at +500 apiece. Alcantara had a rocky campaign and eventually underwent Tommy John.
The point isn't that Skenes can't or won't win. He's never had any injury scares in an age where so many pitchers reach the majors having had at least one major elbow surgery. But it's still such a volatile position that I'd rather take a shot at a pitcher with longer odds before the season opens in earnest.
For this reason, I'm more interested in Strider at +3000. He's only that long because of the uncertainty in the wake of internal brace surgery to repair his UCL (he did not undergo TJ). The fact that he could pitch in Grapefruit League action makes me think he might not be long getting into regular-season games. When an official timetable is available, his odds could shrink significantly because his stuff is electric enough that he was a betting favorite not long ago.
Previous NL Cy Young action
1/3/25: Paul Skenes is the betting favorite to win NL Cy Young after winning Rookie of the Year in 2024. He was a finalist for the Cy, though he didn't stand much of a chance to win since he didn't pitch a full season. Still, his numbers were more than worthy. Corbin Burnes in Arizona is of great intrigue. The Diamondbacks didn't appear to be on the radar for the right-hander before they inked him to a six-year contract. His strikeout rate has rapidly declined, but he's durable and continues to throw quality innings. The wild card is Roki Sasaki, who will also feature heavily in either league's Rookie of the Year race. I mention him in the NL section because the Dodgers and Padres have seemed like the most likely landing spots for his services based on early reports. He could go virtually anywhere, though, so it remains to be seen where he'll slot in.
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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 with eight and the Philadelphia Phillies, Boston Red Sox, and Mets with seven apiece.
Previous AL Cy Young winners
| Year | American League Winner |
|---|---|
| 2024 | Tarik Skubal |
| 2023 | Gerrit Cole |
| 2022 | Justin Verlander |
| 2021 | Robbie Ray |
| 2020 | Shane Bieber |
| 2019 | Justin Verlander |
| 2018 | Blake Snell |
| 2017 | Corey Kluber |
| 2016 | Rick Porcello |
| 2015 | Dallas Keuchel |
Previous NL Cy Young winners
| Year | National League Winner |
|---|---|
| 2024 | Chris Sale |
| 2023 | Blake Snell |
| 2022 | Sandy Alcantara |
| 2021 | Corbin Burnes |
| 2020 | Trevor Bauer |
| 2019 | Jacob deGrom |
| 2018 | Jacob deGrom |
| 2017 |  Max Scherzer |
| 2016 | Max Scherzer |
| 2015 | Jake Arrieta |
Pitchers with multiple Cy Young awards
Twenty-two pitchers have won multiple Cy Young Awards, led by Roger Clemens' seven trophies. Of those 22 winners, five are still 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
Detroit Tigers LHP Tarik Skubal is again favored after winning the award in 2024.
Pittsburgh Pirates RHP Paul Skenes is drawing the shortest odds after finishing as a finalist in 2024 and winning NL Rookie of the Year.
Detroit Tigers LHP Tarik Skubal was unanimously named AL Cy Young while veteran Atlanta Braves LHP Chris Sale won in the NL.
Roger Clemens won seven Cy Young awards throughout his career. Only one other pitcher, Randy Johnson, has even won five.
Jacob deGrom won both the 2018 and 2019 NL Cy Young awards. Immediately before him, Max Scherzer won in back-to-back seasons in 2016-17.
