At long last, Opening Day is here, 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
Opening Day starts with the New York Yankees hosting the Milwaukee Brewers in the Bronx and wraps with a pair of West Coast games, with almost every Major League Baseball team in action throughout the day.
Despite losing Gerrit Cole for the season already, the Yankees have the second-best World Series odds (tied with the Atlanta Braves) behind the Los Angeles Dodgers. While it might not be immediate, we should soon get a sense of whether or not the Bronx Bombers can live up to those expectations without their best starter, their reigning AL Rookie of the Year winner Luis Gil (out for several weeks at least), and Juan Soto, who signed with the New York Mets.
We've already gotten a look at the Dodgers, who swept the Chicago Cubs over their two-game Tokyo series, and early results are unsurprisingly promising. They're the behemoths and despite an illness that caused him to lose a ton of weight, Mookie Betts will be in the lineup against the Detroit Tigers.
But before getting too far ahead of ourselves and declaring the Dodgers champions and the Chicago White Sox the biggest losers of them all, let's remember that it's a fully clean slate, and for at least one day, every team is in the race.
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 17.5%
• Mets 8.7%
• Phillies 8.6%
Highest handle percentage:
• Dodgers 37.8%
• Mets 9.4%
• Yankees 7.7%
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.
