World Series Odds
As fans in New York are well aware, the World Series is a yearly highlight on the sports betting calendar. And there’s a ton of local history attached to the Fall Classic as both the Yankees and Mets have produced some of the most iconic moments in MLB history.
New York launched online sports betting in January 2022, and bettors in the Empire State can make a variety of bets on MLB, including who will win the World Series.
On this page, we’ll show you how to get started betting on the World Series in New York including a live feed to World Series odds straight from top online sportsbooks.
2023 World Series Odds
You can place World Series bets at any time of year in the futures market. Once the teams are officially set, odds will be released prior to each game depending on pitching matchups, injuries, game trends, etc. In both cases, you’ll want to stay on top of the best available lines.
Check our live feed below for the latest World Series betting odds at New York online sportsbooks.
Who Are the World Series Favorites?
The World Series futures market is open year-round. As always, there’s some variance in the odds at the top online sportsbooks, but a clear consensus usually emerges with five or so favorites leading the field. Check the odds feed above for the latest numbers for the clubs poised to be in contention for a World Series crown this season.
Prior to the season starting, the Yankees and Mets were among the teams with the best odds to win the World Series. It could be a very intriguing MLB season here in New York.
How MLB Betting Lines Work
The MLB season is a lengthy one. From Opening Day onward, the regular season is jam-packed with options. Things slow down a bit once the postseason comes around and into the World Series. For each game, there will be MLB baseball odds listed for the matchup. If you click on the MLB or baseball tab at an online or mobile sportsbook, such as the WynnBet NY sportsbook app, here’s an example of what you’ll see.
- New York Mets +130 +1.5 (-125) O 8.5 (-110)
- New York Yankees -120 -1.5 (-105) U 8.5 (-110)
The standard listing calls for road teams on top and the home side on the bottom. To the right are the odds and lines for three bet types: moneyline, run line, and totals. We’ll cover how they work shortly. For now, know that the direction of the numbers is important: negative for favorites and positive for underdogs.
On run line and totals, there’s the number set by oddsmakers – 1.5 and 8.5 in this case – along with the actual odds for the bet. You’ll see potential returns when you add a bet to the slip and plug in a wager amount. When you have a selection you like, it’s just a matter of clicking on the odds for that wager.
For positive numbers like the +130 on the Mets, you’ll get back the amount of the odds for a winning $100 bet, such as $130 in this case. On negative odds, like -120 odds on the Yankees, that’s what you have to shell out to see $100 back for a winner – $100 for $120. Be sure to take the time to line shop at multiple sportsbooks to compare prices, as there may be some differences to take advantage of.
Different Ways To Bet on the World Series
There are several options for betting on each game of the World Series, as well as on the set as a whole. Each of them has its appeal and will attract lots of betting volume. Naturally, you can pick out the ones that work best for you and your strategy. Here’s a quick look at how the top options work.
- Moneyline: This is a basic bet in which you simply choose the side you think will win between the favorite and the underdog.
- Run Line: What’s a run line bet? The run line works like a point spread bet: the side you choose has to cover. The default is 1.5 runs, but many books also offer alternate run lines.
- Totals: This wager has to do with the total combined runs scored in the game. Oddsmakers set the bar, and bettors then get to pick Over or Under.
- Props: Props are side wagers on the individual games or the series as a whole, such as total strikeouts for a starting pitcher or the MVP of the set.
- Live betting: When the games are playing out, you can wager right along with live betting. Options will include new game lines and lots of prop-type wagers.
- Series winner: You can also take your shots on the winner of the series as a whole, naturally with odds on both sides to choose from.
- Total games: This works like a standard over/under bet, but with games instead of points. Sportsbooks set a benchmark, such as 6.5 games.
You can take your chances with all of the above bet types when the World Series is going, but there’s also plenty to be said for taking a focused approach with the bet types you’re most comfortable with. The World Series is filled with possibilities for bettors, not to mention plenty of thrills for fans in general.
World Series Odds Explained
Once the current edition of the World Series is in the books, oddsmakers will quickly release odds for teams to win it all the next season. The MLB futures market is very active, and the World Series winner is the top highlight. The odds board will take shape throughout the season as wagers come in. Odds for a trio of favorites might look like this.
- Los Angeles Dodgers +550
- Houston Astros +700
- New York Yankees +900
The board will include odds for all MLB teams ranging from the favorites down to the also-rans of the league. Futures bets require a long-term outlook, as they can’t be settled until the outcome is known. Beyond trying to pick out the winner of the World Series, you can also place your futures wagers on other popular markets such as:
- Pennant and Division winners
- Teams to make playoffs
- Over/Under on team regular-season win totals
- Player award winners – MVP, Cy Young, etc.
World Series futures can be very entertaining. They give you some extra rooting interest all season, and also serve as a great research tool during the offseason as you look ahead to what teams could be in line to make some noise. If you happen to make the right call, the payoff can be quite nice as well.
Key Strategy Tips for Betting on the World Series
For MLB World Series betting, separate approaches are required for futures and for the main event itself. In advance of the season, the focus will be on making sense of the contenders and pretenders on the futures board. Here are a few tips that can be helpful on that front.
- Study the odds and shop: The odds board is a free research tool to lean on, as it’s the perception of the upcoming season through the eyes of oddsmakers. It’ll update in real time as well due to betting action, so you get the market perspective too.
- Digest season previews from sources you trust: There are plenty of excellent resources to be found online that will give you a full lay of the land for all 30 teams. Pay particularly close attention to things like player additions and departures, and potential strengths and weaknesses.
- Spread the risk: You don’t have to put all of your eggs in one basket. For one approach, break the odds board down into tiers: favorites, mid-range, and longshots. Try to identify the most appealing plays from each category and focus your research efforts there. Afterward, place wagers on a few clubs that you feel good about.
When the World Series matchup is official, it’s time to apply normal handicapping principles. You’ll want to examine the matchup from top to bottom and look for edges and disadvantages on both sides. Here are a couple of points to focus on.
- Head-to-head or common opponents: If the teams faced off during the regular season, go back and look at how things played out. When that hasn’t happened, search for common opponents to help build the case on what may be to come.
- Injuries and streaks: While MLB teams are deep, the absence of a key bat or arm can still be tough to overcome. Be sure to know what – if any – hurdles the two teams have to overcome. Additionally, note the postseason stats of key contributors to see who may be in line to keep cruising or struggling.
Does Vegas Have Better Odds Than New York?
Las Vegas has been known as the sports betting capital of the world for eons. The numbers coming out of the desert have been considered the first and last word on betting odds as a result, but the climate has changed dramatically in recent times. Bettors in legal states don’t have to look too hard to find comparable numbers.
When sportsbooks set up shop in a state, they’re dishing out their odds and betting lines on games and events. The top sportsbooks are doing a solid job here and staying in line with what the overall market will support. In short, the odds you see closer to home will stack up nicely with the World Series Vegas odds.
You may find some differences, though. For example, one sportsbook may see heavy action on a specific market while others don’t. That’ll lead to the numbers being a bit skewed there. This is one area where the local sportsbooks may differ from Vegas. New York bettors may bet more heavily on the Yankees and Mets, so their odds may be different than those in Vegas.
Sportsbook Rules for World Series Betting
All sportsbooks have house rules in place for MLB and World Series betting, as well as all other markets offered. The rules cover things that may impact bet placement and settlement, as well as other circumstances. There’s usually a dedicated section for them at online and mobile sportsbooks. If not, check the FAQ and help sections. Here are some of the key points.
- World Series futures bets will remain active until the bet can be graded. Once a team has been officially eliminated from the competition, wagers on that club are settled as losers. Winning tickets on correct selections will be paid out once the World Series is officially complete.
- In the event of a cancellation of an entire season — or the World Series itself — futures bets will be voided and refunded.
- For individual games, bets are live once the first pitch is thrown and will be settled at completion. Rain delayed game bets will remain active if the contest is expected to be completed. Postponed or canceled games will be voided.
- The settlement of all wagers is based on official MLB data and statistics. Bets will be settled once the results have been finalized.
That covers the basic gist, but you should take the time to review the rules at the sportsbooks you play on. For example, some books may have different rules in regards to player injuries for props or on minimum innings played for bets to be settled. The house rules will explain what’s what, so take the time to become familiar with them.
How Do the MLB playoffs Work?
MLB expanded its postseason in 2022 to 12 teams, up from 10 in previous seasons. Here is how the format works:
- Three division winners from AL and NL automatically qualify
- Three wild card teams from each league gain entry
- The third division winner plays the third wild card team in a best-of-three series
- The other two wild card teams play each other in a best-of-three series
- The winners of the wild card series advance to play the division winners with byes
- The top two division winners receive first-round byes
- The divisional round is a best-of-five series
- The final two teams in AL and NL face off in the best-of-seven league championship series
- Pennant winners meet in the best-of-seven World Series
New York Mets World Series History
The New York Mets have made it to the World Series a total of five times, winning two and losing three. The club hasn’t won it all since the legendary 1986 team made it happen, making it to the series just twice since then. Here are the dates and results of the team’s five trips.
- 1969: Mets win over Baltimore Orioles, 4 games to 1
- 1973: Mets lost to Oakland Athletics, 4 games to 3
- 1986: Mets win over Boston Red Sox, 4 games to 3
- 2000: Mets lose to New York Yankees, 4 games to 1
- 2015: Mets lose to Kansas City Royals, 4 games to 1
The Mets made the playoffs in the 2022 season, and they lost in the wild card round to the San Diego Padres, two games to one.
New York Yankees World Series History
The overall postseason record of the New York Yankees is legendary. The iconic franchise has the most World Series wins of any club, but fans are still waiting for another one since the last crown came back in 2009. Here are the results from the last five times the club made it that far.
- 2009: Yankees win over Philadelphia Phillies, 4 games to 2
- 2003: Yankees lost to Florida Marlins, 4 games to 2
- 2001: Yankees lost to Arizona Diamondbacks, 4 games to 3
- 2000: Yankees won over New York Mets, 4 games to 1
- 1999: Yankees won over Atlanta Braves, 4 games to 0
On an all-time basis, the team has appeared in a staggering 40 World Series, racking up 27 titles while coming up short 13 times. The club has made it to the MLB Playoffs the last six seasons in. The 2022 Yankees defeated the Cleveland Guardians 3-2 in the Division Series before being swept by the Houston Astros in the ALCS.
Which MLB Team Has the Most World Series Wins?
As mentioned, the Yankees are atop the charts in both World Series wins and total appearances. Just seven other franchises have reached double digits in appearances. Here’s the complete list of World Series records for each current MLB team.
|New York Yankees||27-13||2009|
|Los Angeles Dodgers||7-14||2020|
|San Francisco Giants||8-12||2014|
|St. Louis Cardinals||11-8||2013|
|Boston Red Sox||9-4||2018|
|Chicago White Sox||3-2||2005|
|New York Mets||2-3||2015|
|Kansas City Royals||2-2||2015|
|Toronto Blue Jays||2-0||1993|
|San Diego Padres||0-2||1998|
|Tampa Bay Rays||0-2||2020|
|Los Angeles Angels||1-0||2002|