MLB Cy Young Odds 2024: Expect a New Pair of Names to Win the Cy Young Awards

• Tarik Skubal enters the last week of play listed as a massive favorite to win the AL Cy Young award

• The NL Cy Young award market has been removed from most sportsbooks

• Chris Sale was listed at -3000 to win the NL Cy Young award before the market was taken down

With six games remaining in the regular season, Tarik Skubal is listed as a massive betting favorite to win the AL Cy Young award. At -5000, Skubal has as good a chance as any to claim his first piece of hardware as the rest of the field is comfortably behind on the oddsboard. Barring a catastrophe, expect Skubal to win the AL Cy Young as he outpaces the rest of the field in all key pitching metrics.

As for the NL, Chris Sale was listed as the sizable betting favorite before oddsmakers removed the market from most sportsbooks. That indicates that it is Sale’s award to lose, especially after beating out his closest contender Zack Wheeler in most key metrics. Paul Skenes also managed to make one last run at the award, yet his cold stretch in August proved to be too much for him to overcome while Sale continued to play at a high level.

MLB Cy Young Award Odds

Odds courtesy of BetMGM Sportsbook. Click on the odds in the table below to head to BetMGM Sportsbook and place your bets using promo code WSNSPORTS : Get Up to $1,500 in Bonus Bets*

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AL Cy Young Award Odds

NL Cy Young Award Odds

MLB Cy Young Award Predictions and Favorites to Win

NL - Chris Sale N/A

With Chris Sale being listed as the betting favorite before oddsmakers removed the market from most sportsbooks, it’s safe to say it’s his award to lose with only six games remaining in the regular season. Arguably no one has been more consistent than the Atlanta Braves ace since the month of July, conceding just 18 Earned Runs Allowed while generating 107 Total Strikeouts.

The Philadelphia Phillies Zack Wheeler was the closest to dethroning Sale for the NL Cy Young award, even possessing a better WHIP as we near the end of the season. The issue for Wheeler is that Sale beat him out in most other key pitching metrics, including ERA, FIP, Total Strikeouts, Batters Walked, and Earned Runs Allowed. Come November, expect Sale’s name to be announced as the winner for the NL Cy Young award.

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NL - Zack Wheeler N/A

After leading the NL for first on the oddsboard for a majority of the season, it looks like Zack Wheeler will come up just short of winning the Cy Young award. He put up a fight until the very end, yet Sale outpaced him in most key metrics as one of the most consistent pitchers over the past three months.

While Wheeler may be out of the running for the Cy Young, his production will play a major role in the Philadelphia Phillies chances of making a run in the playoffs as they enter October as one of the betting favorites to win the World Series. Especially when they are projected to play some of the best offenses in the entire league, including the possibility of playing the Los Angeles Dodgers, San Diego Padres, and Milwaukee Brewers.

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AL - Seth Lugo +6600 at BetMGM

Even though the AL Cy Young winner market is still active on most sportsbooks, Seth Lugo’s chances of winning the award are practically non-existent as Tarik Skubal currently outpaces him in all key pitching metrics. Those metrics include ERA, WHIP, FIP, Total Strikeouts, Batters Walked, Hits Against, and Earned Runs Allowed.

While Lugo does not have a chance to win the award, he will still need to play at a high level to help the Kansas City Royals secure a spot in the playoffs. Especially since their lead in the wildcard standings has continued to diminish as the Minnesota Twins are just one game back for the last wildcard spot in the playoffs.

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NL - Paul Skenes N/A

It was a commendable last second push for the NL Cy Young award, yet it looks like time has run up for the Pittsburgh Pirates rookie after oddsmakers removed the NL Cy Young market off of most sportsbooks. Even with a lower ERA and WHIP than Chris Sale, Skenes lack of appearances handicapped his ceiling while the Braves ace maintained a high level of play in more Innings Pitched.

While a Cy Young is most likely out of Skenes reach, his recent stretch of play may have been enough for him to secure the NL Rookie of the Year award. Especially with Jackson Merrill struggling earlier in the month, going multiple games in a row without generating a Hit. The future is bright for the Pirates ace, yet expect Chris Sale’s name to be called as the winner for the NL Cy Young award.

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AL - Corbin Burnes +6600 at BetMGM

After a lackluster stretch of play in the month of August, Corbin Burnes saw his name continue to plummet down the oddsboard while Tarik Skubal strengthened his lead for first. Even after stringing together two dominant outings in his last two appearances, oddsmakers have yet to shift his odds as they believe it’s Skubal’s award to lose.

Especially with Skubal outpacing the Orioles ace in ERA, WHIP, FIP, Total Strikeouts, Batters Walked, Hits Against, and Earned Runs Allowed, giving Burnes no leg up over the betting favorite as a viable contender for the Cy Young award. Even if you have managed to bet on Skubal earlier in the year at a more favorable number, avoid making a hedge bet on Burnes as he has no case to be made for the award.

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MLB Cy Young Award Winner - My Pick

AL - Tarik Skubal -5000 at BetMGM

Don’t let the AL Cy Young winner market still being up on some sportsbooks fool you, it is Tarik Skubal’s award to lose as he enters the last stretch of play listed as a massive betting favorite. No one in the AL is capable of making a case for the award over the Tigers ace as Skubal leads the field in ERA, WHIP, FIP, Total Strikeouts, Batters Walked, Hits Against, and Earned Runs Allowed.

With that said, expect Skubal’s name to be announced as the winner for the AL Cy Young award during the award show in November. Even if you managed to wager on Skubal earlier in the year as our preseason betting pick at +2200 to win the AL Cy Young award, you can bypass hedging on the other contenders as no one beats him out in any of the key pitching metrics.

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Cy Young Award History 

With Tarik Skubal and Chris Sale listed as the current betting favorites, it’s starting to look like we will have a new pair of names to win both awards over the past five years. Tarik Skubal has taken full command as the universal betting favorite to win the AL Cy Young award while Chris Sale was in first place in the NL before oddsmakers removed the market from their books.

AL Cy Young Award Winners

NL Cy Young Award Winners

How to Read MLB Cy Young Award Odds 

Like in every bet you make, it’s vital to understand how the listed odds work. With Tarik Skubal listed at -5000, then you would need to wager $5,000 to profit $100. Should you like someone else at longer odds like Corbin Burnes at +6600, then a $100 wager profits you $6,600.

How to Choose the Best Sportsbook for Betting on the Cy Young Award

Odds vary between sportsbooks which makes it vital to have as many as you can get in order to line shop. When looking to wager on Tarik Skubal, you can see that his odds were as high as -6000 at BetMGM and as low as -5000 at Caesars earlier in the month. That is a difference of $1,000 in a tied up wager for a $100 bettor should you have wagered on his lowest listed odds.

Each sportsbook also has a unique new user sign up offer that you can read in the table below. FanDuel sportsbook for example is giving new users $200 in bonus bets after creating an account and making an initial wager of at least $5.

*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.