Pitchers and catchers have reported for duty and spring training will soon be in full swing.
MLB odds haven't shifted much, even in the wake of Alex Bregman going to the Boston Red Sox, Pete Alonso returning to the New York Mets, and Jack Flaherty signing a contract with the Detroit Tigers.
The Los Angeles Dodgers remain the heavy favorites in the 2025 World Series odds, but spring is in the air and hope springs eternal.
2025 World Series winner odds
World Series odds analysis
The Los Angeles Dodgers added Roki Sasaki as one of the biggest offseason acquisitions after already inking Blake Snell to a multi-year contract. The offense is mostly intact from 2024, with Michael Conforto and Hyesong Kim the notable additions, but they'll serve more as depth to the top-shelf talent like Shohei Ohtani, Mookie Betts, Freddie Freeman, et. al.
The Dodgers are on a different level, talent-wise. Yes, the New York Mets added Juan Soto but have significant question marks throughout the roster even after finally re-signing Pete Alonso.
The New York Yankees lost Soto and it remains to be seen if they meaningfully replaced his bat in the lineup. Giancarlo Stanton is hurt and may not be ready for Opening Day, Cody Bellinger has been wildly up-and-down, and Paul Goldschmidt's decline may not have been a mirage. This puts a lot of pressure on rookie Jasson Dominguez, who should get full reign of a starting outfield position from Day 1 with both Soto and Alex Verdugo gone.
The Houston Astros finally seem to be drifting back toward a rebuild after Alex Bregman became the latest star from the dynasty to depart via free agency and Kyle Tucker got dealt to the Chicago Cubs before he hits the open market next offseason. I wonder if Christian Walker is having second thoughts about signing on with what could be a sinking ship.
The bottom line is every team has its warts. The Dodgers simply have fewer of them. And while the durability of the pitching staff is understandably in question, they just brought back Clayton Kershaw, who should provide added depth in the summer months. With former top pitching prospect Bobby Miller also healthy, L.A. has options if/when Tyler Glasnow, Yoshinobu Yamamoto, and/or Sasaki hit the IL this season.
The Dodgers are in such great shape that they threaten to snap the league's run of parity to become the first back-to-back World Series champions since the Yankees won three straight from 1998-2000.
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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How to read MLB World Series futures odds
Sportsbooks will post World Series futures as soon as the previous season concludes, and some even sooner. These betting boards are constantly adjusted throughout the winter and ensuing season as players get hurt or are traded. Once the regular season begins, World Series odds will change daily as teams win and lose games, and as more players are injured or traded. Sportsbooks will also adjust the World Series odds based on handle and liability to certain teams.
World Series odds will usually look like this:
- Los Angeles Dodgers +240
This means that on a $100 bet, you'll stand to win $240 if the Dodgers win the World Series. If it's close to the end of the season or MLB has a very dominant team, you could see a minus sign (-) ahead of a team's odds.
- Atlanta Braves -150
This means that if you bet on the Atlanta Braves during the 2020 MLB season, you would have needed to bet $150 to profit $100 if the Braves won the championship.
Above we have posted the American odds for the World Series. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
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.
