Opening Day is this week (not counting the two-game Japan series from last week) and we're gearing up for another fantastic MLB season.
MLB odds continue to have the behemoth Dodgers atop the odds board after they swept their abbreviated set vs. the Cubs.
Let's look at the latest World Series odds as spring training reaches its endgame and the real thing starts in earnest.
2025 World Series winner odds
World Series odds analysis
The Los Angeles Dodgers topped the Chicago Cubs 4-1 and 6-3, respectively, at the Tokyo Dome to kick off the MLB regular season a touch early. This isn't a perfect representation, but it underscores the reality of L.A. being the top dog in baseball. Both teams held their starting pitchers back, not wanting to risk injury as they continued to ramp up, but the Dodgers must have liked what they saw from Yoshinobu Yamamoto in particular.
While Roki Sasaki, who was wild in his brief appearance, is the big addition heading into the year, it might be easy to forget that Yamamoto was in a similar position before 2024 (though perhaps overshadowed by one Shohei Ohtani). Yamamoto allowed one run on three hits with four strikeouts across five innings before handing it over to the bullpen, who wrapped things up with four perfect frames.
The only real red flags are the health of Mookie Betts and Freddie Freeman, particularly the former. Freeman was going to be slow-played to preserve his body all year anyway, so his absence wasn't too shocking. Betts, on the other hand, has apparently lost a ton of weight from an illness (down to 157 pounds from his listed weight of 180). It's not enough to hurt the Dodgers chances but it's an alarming development, especially on a human level.
Nevertheless, the Dodgers are way ahead of the Atlanta Braves and New York Yankees, who are roughly even in the odds board at around +900. No team can be considered a lock this early, but Los Angeles has put itself in an excellent position.
2025 World Series odds over time
Here's a look at how World Series odds stacked up across MLB throughout the offseason. We'll be updating this chart throughout the 2025 season.
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World Series betting splits
Highest ticket percentage:
• Dodgers 17.8%
• Mets 8.7%
• Phillies 8.1%
Highest handle percentage:
• Dodgers 39%
• Mets 9.1%
• Yankees 8%
Data courtesy of BetMGM.
"Bettors love the Dodgers' chances of repeating," says Hal Egeland, Trading Strategy Manager, BetMGM. "The Yankees, Mets, and Red Sox are also popular picks to win it all."
Past World Series winners
The Los Angeles Dodgers won the 2024 World Series by toppling the New York Yankees in five games.
Here are the last 10 World Series winners, along with their opening odds.
| Season | Winner | Opening odds | Runner up |
|---|---|---|---|
| 2024 |  Los Angeles Dodgers |
+320 |  New York Yankees |
| 2023 |  Texas Rangers |
+5,000 |  Arizona Diamondbacks |
| 2022 |  Houston Astros |
+800 |  Philadelphia Phillies |
| 2021 |  Atlanta Braves |
+1,000 | Houston Astros |
| 2020 | Los Angeles Dodgers |
+600 |  Tampa Bay Rays |
| 2019 |  Washington Nationals |
+1,800 | Houston Astros |
| 2018 |  Boston Red Sox |
+1,200 | Los Angeles Dodgers |
| 2017 | Houston Astros |
+1,600 | Los Angeles Dodgers |
| 2016 |  Chicago Cubs |
+1,050 |  Cleveland Guardians |
| 2015 |  Kansas City Royals |
+1,500 |  New York Mets |
Teams with most World Series titles
| Team | World Series titles | Most recent championship |
|---|---|---|
| New York Yankees |
27 | 2009 |
 St. Louis Cardinals |
11 | 2011 |
 Oakland A's |
9 | 1989 |
| Boston Red Sox |
9 | 2018 |
 San Francisco Giants |
8 | 2014 |
| Los Angeles Dodgers |
8 | 2024 |
 Cincinnati Reds |
5 | 1990 |
 Pittsburgh Pirates |
5 | 1979 |
 Detroit Tigers |
4 | 1984 |
| Atlanta Braves |
4 | 2021 |
| Chicago Cubs |
3 | 2016 |
 Baltimore Orioles |
3 | 1983 |
 Minnesota Twins |
3 | 1991 |
 Chicago White Sox |
3 | 2005 |
The New York Yankees are the most decorated team in MLB history, and it isn't close. In addition to winning a whopping 27 titles, they've played in 41 World Series. The Los Angeles Dodgers are second all-time with 22 World Series appearances while the St. Louis Cardinals have won the second-most championships at 11.
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World Series Odds FAQs
The Los Angeles Dodgers are the current betting favorites over the Atlanta Braves and New York Mets.
The Los Angeles Dodgers beat the New York Yankees in five games to win the 2024 World Series.
The World Series has been a best-of-seven series with a 2-3-2 format since 1922.
Since 2017, home-field advantage has been awarded to the team with the better winning percentage in the regular season.
The cash-strapped Florida Marlins entered the 2003 season with +7,500 odds to win it all after finishing four games below .500 the year before. Oddsmakers seemed to be right as the club got off to a sluggish 16-22 start, but a managerial change and some inspired play led to a second half surge and the Fish downed the heavily-favored Yankees in six games in the Fall Classic.
The Los Angeles Dodgers have the best odds to win the 2025 World Series after winning in 2024.
