MLB Awards Odds: MVP, Cy Young, Rookie of the Year & Manager of the Year Odds

The MLB regular season has reached the halfway mark, and although each team’s ultimate goal will be to win the World Series, there are plenty of other awards to win. For players, the biggest awards are the American League MVP and National League MVP, but pitchers are striving to win the AL Cy Young and NL Cy Young. Younger players will have a go at the AL Rookie of the Year and NL Rookie of the Year while managers try to bring home the AL Manager of the Year and NL Manager of the Year.

It can be hard to keep track of every award, which is why we’ve created a one-stop shop for all things regarding the current races. So, let’s dive into the latest MLB MVP odds, Cy Young odds, MLB Rookie of the Year odds and MLB Manager of the Year odds as we break down each of these MLB Futures odds markets at a few of the best MLB betting sites around.

👑 MLB Awards Odds & Markets

🏆 MLB MVP Odds

The MLB MVP is given to a player from both the American League and National League, and it has been awarded to a player from both leagues starting in 1911. Lately, the award has gone to players who have shown their value at the plate or an outfielder, as seven of the last 10 MVPs in the AL and ML have been designated hitters (DH) or outfielders (OF), which is shown by the current MLB MVP odds. 

The Yankees Aaron Judge took home the award in the AL last year, marking the second time in three seasons that he’s won. In the NL, Shoehei Ohtani won the MVP, marking the second straight year in which the Dodgers star has won. Ohtani is unique because he’s won the AL and NL MVP, joining Frank Robinson as the only two players to win the MVP in both leagues. Both Ohtani and Judge will be in the mix for this year’s MVP in the AL and NL, as one of the two players has won the award each of the last four seasons. 

🥇 AL MVP Odds

As stated above, Judge will once again be in the mix for the AL MVP race. Over the last 10 seasons, an outfielder has won the AL MVP five times, a DH has won twice, and an infielder has won three times. Here are the current AL MVP odds for the five players leading the pack:

• Aaron Judge – New York Yankees (-650)
• Cal Raleigh – Seattle Mariners (+370)
• Tarik Skubal – Detroit Tigers (+8000)
• Ceddanne Rafaela – Boston Red Sox (+10000)
• Robby Witt Jr. – Kansas City Royals (+10000)

Judge is the current frontrunner for the award, while Ceddanne Rafaela (+10000) and Bobby Witt Jr. (+10000) have longer odds. However, it truly looks like a two-horse race between Judge and Cal Raleigh. The Seattle Mariners catcher had 38 home runs in the first half of the season, which only trails Barry Bonds, who had 39 home runs in the 2021 season.

The Yankees slugger won last year’s award mainly due to his impact at the plate. Judge recorded 58 home runs (HRs), 144 runs batted in (RBIs) and a 0.322 batting average (BA). He led the AL in HR and RBIs and was third in BA, but he posted the highest Wins Above Replacement (WAR) for any player in the AL with 10.83. His offensive WAR was 11.7, marking the sixth-highest offensive WAR ever. If Judge has anywhere close to a similar season, it’s safe to say he’ll take home his third AL MVP.

🥇 NL MVP Odds

For the National League race, the Dodgers Shohei Ohtani will spearhead the charge, but there are plenty of players that could knock him off his pedestal. Ohtani would capture his fourth MVP if he wins this year, and only Barry Bonds has completed this feat. Here are the latest NL MVP odds for the five players with the best chances of winning this season:

• Shohei Ohtani – Los Angeles Dodgers (-1100)
• Pete Crow-Armstrong – Chicago Cubs (+700)
• Juan Soto – San Diego Padres (+2000)
• Kyle Tucker – Chicago Cubs (+5000)
• Ketel Marte – Arizona Diamondbacks (+6000)

Like the AL, there is a clear leader when it comes to NL MVP odds, Shohei Ohtani. The Dodgers star opened with +150 odds to win the award but has all but won the award if he stays healthy the rest of the season. If you’re looking for a longshot with a chance to win this year’s NL MVP if Ohtani doesn’t stay healthy, I’d point towards the San Diego Padres Juan Soto (+2000). The outfielder is an elite hitter for the Padres, and if he can propel San Diego to an NL East pennant, he’ll be in the mix.

When it comes to Ohtani winning last year’s award, there was no doubt why the Dodgers superstar won. He had 54 HRs, 59 stolen bases, 130 RBIs and posted a 0.310 BA. This marked the first time a player has ever hit 50+ home runs and stolen 50+ bases in a single season, and because of this feat, Ohtani unanimously won the award with all 30 first-place votes. It’s hard to compete with the Japanese superstar, and if he plays anywhere close to his performance from last season, he’ll join Bonds on a unique list of MVPs.

⚾ Cy Young Odds

🥇 AL Cy Young Odds

Tarik Skubal entered 2025 as the favorite to win the AL Cy Young after a dominant 2024 season. Over the last 10 seasons, an AL pitcher has won the award with an ERA under 2.85 nine times, while strikeout leaders have taken home the honor in just three of those years. Here are the current AL Cy Young odds for the five frontrunners:

• Tarik Skubal – Detroit Tigers (-200)
• Garrett Crochet – Boston Red Sox (+240)
• Jacob deGrom – Texas Rangers (+900)
• Hunter Brown – Houston Astros (+1100)
• Max Fried – New York Yankees (+2500)

Skubal was the clear leader to start the season after leading the AL in ERA (2.39), strikeouts (228) and WAR (6.3) last season. However, the Red Sox offseason acquisition, Garret Crochet (+240) has a chance after a hot start to the first-half of the season. If you’re looking for a longshot, Jacob deGrom (+900) is a two-time Cy Young winner who could be in the mix if he stays healthy.

Skubal’s 2024 campaign was one of the most dominant by a Tigers pitcher in decades. He recorded 18 wins, posted a 0.93 WHIP and had a strikeout rate of 10.9 K/9, all while leading Detroit to the postseason for the first time since 2014. If he replicates that performance, he’ll be tough to beat in the Cy Young race.

🥇 NL Cy Young Odds

Paul Skenes entered 2025 as the favorite to win the NL Cy Young after a stellar rookie season and is still right in the mix. Over the last 10 seasons, the award has gone to a pitcher with an ERA under 3.00 10 times, while four of the last 10 winners ranked first in strikeouts. 

Here are the current NL Cy Young odds for the five frontrunners:

• Zack Wheeler – Philadelphia Phillies (-125)
• Paul Skenes – Pittsburgh Pirates (-105)
• Cristopher Sanchez – Philadelphia Phillies (+2000)
• Logan Webb – San Francisco Giants (+3000)
• Ranger Suarez – Philadelphia Phillies (+5000)

Skenes was the clear frontrunner after posting a 1.96 ERA, 11.5 K/9, and a 0.947 WHIP in his 2024 rookie campaign. However, Zack Wheeler has the shortest odds to win the award after he posted a 2.36 ERA, 154 strikeouts and a 9-3 record during the first-half of the seaason. If you’re looking for a long shot, Logan Webb (+6500) is a good shout, as he led the MLB in innings pitched at the All-Star break and had a 2.94 ERA.

Skenes’ 2024 season was historic for a rookie. He recorded 11 wins, struck out 170 batters over 133 innings, and helped turn the Pirates into a playoff contender. If he builds on that success, he could become the first Pirates pitcher to win the NL Cy Young.

🥎 MLB Rookie of the Year Odds

🥇 AL Rookie of the Year Odds

The Oakland Athletics Jacob Wilson leads the race for AL Rookie of the Year after a strong start to the season. Over the past decade, eight of the last 10 AL ROY winners were position players, with six posting a batting average above .275. However, Yankees P Luis Gil bucked that trend by winning last season’s award. Here are the current AL ROY odds for the top contenders:

• Jacob Wilson – Oakland Athletics (+110)
• Cam Smith – Houston Astros (+140)
• Nick Kurtz – Oakland Athletics (+350)
• Roman Anthony – Boston Red Sox (+2500)
• Jasson Domínguez – New York Yankees (+3000)

Wilson is the early favorite, but Cam Smith (+140) is right in the mix and has a great chance of winning because he’s playing for a Houston Astros squad that could go deep in the playoffs.

Last year’s winner, Luis Gil, won the award after posting a 3.50 ERA, recording 171 strikeouts and posting a 15-7 record, making him the clear choice. This year, expect a similar trend, with the winner likely coming from a player who excels in multiple offensive or pitching categories.

🥇 NL Rookie of the Year Odds

Dylan Crews (+5000) entered the 2025 as the favorite for NL Rookie of the Year, but he’s fallen out of the race. Over the past 10 seasons, eight winners have been hitters, but like the AL, P Paul Skenes won last year’s award. Here are the current NL ROY odds:

• Jacob Misiorowski – Milwaukee Brewers (-210)
• Drake Baldwin – Atlanta Braves (+350)
• Agustin Ramirez – Miami Marlins (+1200)
• Hyeseong Kim – Los Angeles Dodgers (+1500)
• Chase Burns – Cincinnati Reds (+2000)

Misiorowski is the clear frontrunner for the award even though he’s made just 5 starts in the first half of the season. However, he’s an animal that often hits 102 MPH on the radar gun and could be a rare pitcher to take the award if his electric stuff continues.

Last year’s winner, Paul Skenes, secured the award with a 1.96 ERA, 0.95 WHIP and 170 strikeouts. Although no one will likely repeat Skenes’ rookie year, look for dominant performances from the rookie class.

🧢 MLB Manager of the Year Odds

🥇 AL Manager of the Year Odds

Alex Cora entered the 2025 as the favorite for AL Manager of the Year after leading the Red Sox back into contention. Over the last 10 seasons, the award typically goes to a manager whose team exceeded preseason expectations. Here are the current AL MOY odds:

• A.J. Hinch – Detroit Tigers (-3500)
• John Schneider – Toronto Blue Jays (+850)
• Alex Cora – Boston Red Sox (+2000)
• Kevin Cash – Tampa Bay Rays (+3300)
• Joe Espada – Houston Astros (+3300)

Although Cora was the early leader, A.J. Hinch (-3500) should win this award easily. The Tigers weren’t expected to be good this season, but they’re atop the AL Central at the All-Star break and have a 59-38 record.

Last year’s winner, Stephen Vogt of the Cleveland Guardians, won the award after leading Cleveland to a 92-win season. His ability to develop young talent and guide the team to a 16-win improvement made him an easy choice. This year, expect the award to go to a manager who either leads a young team to a breakout season or revives a struggling franchise.

🥇 NL Manager of the Year Odds

Terry Francona is the early favorite for NL Manager of the Year after taking over a new team in 2025. Nine of the last 10 winners managed teams that finished with at least a 10-win improvement over the previous season. Here are the current NL MOY odds:

• Craig Counsell – Chicago Cubs (-135)
• Pat Murphy – Milwaukee Brewers (+210)
• Bob Melvin – San Francisco Giants (+650)
• Oliver Marmol – St. Louis Cardinals (+700)
• Terry Francona – Cincinnati Reds (+1200)

Counsell (-135) is the frontrunner, but Pat Murphy (+210) could be a dark horse if the Brewers overtake the Cubs and win the NL Central. He did win the award last season, and a manger hasn’t won back-to-back Manager of the Year awards since Kevin Cash did it for the Rays in 2020 and 2021.

Pat Murphy won last year’s award after leading the Milwaukee Brewers to an unexpected postseason appearance and NL Central pennant with 93 wins. His ability to maximize a roster without too much star power helped him secure the honor. This year, the award will likely go to a manager who takes a mid-tier team and turns them into a playoff contender.

🔥 Best MLB Futures Betting Sites

If you want to bet on any MLB futures odds when it comes to these awards, you should do it at one of the best MLB betting sites around. Here are the best MLB futures betting sites to bet on MLB MVP odds and more:

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🧐 How to Bet on the MLB Awards

Here’s how you can bet on MLB MVP odds, Cy Young odds, MLB Rookie of the Year odds, MLB Manager of the Year odds or any other MLB futures odds:

1. Choose a Sportsbook – Select a reputable sportsbook that offers MLB awards betting.
2. Create an Account – Sign up by providing personal details and verifying your identity.
3. Deposit Funds – Add money to your account using a preferred payment method.
4. Navigate to MLB Futures – Find the “MLB Awards” or “Futures” section.
5. Select a Bet – Choose an award category and player/manager odds.
6. Enter Bet Amount – Input your wager in the bet slip.
7. Place Your Bet – Click “Confirm” or “Place Bet” to finalize.

🤔 How to Read MLB Futures Betting Odds & Calculate Winnings

Reading MLB futures betting odds can be difficult, which is why we broke it down below. MLB futures odds are listed in American format, using positive (+) and negative (-) numbers.

• Positive odds (+): Show how much profit you’d make on a $100 bet.
  • Example: +500 means a $100 bet wins $500 (total payout = $600).
• Negative odds (-): Show how much you need to bet to win $100.
  • Example: -150 means you must bet $150 to win $100 (total payout = $250).

Here are some example calculations for your MLB betting:

• A $50 bet on +300 pays $150 profit (total payout = $200).
• A $200 bet on +600 pays $1,200 profit (total payout = $1,400).
• A $100 bet on -200 wins $50 profit (total payout = $150).

📈 MLB Awards 2024 Season Betting Statistics

👑 MLB MVP 2024 Season Betting Trends

Heading into the 2024 season, Aaron Judge was one of the heavy favorites in the AL MVP race, with odds around +200. Shohei Ohtani was similarly favored for the NL MVP, sitting at +250. However, as the season progressed, Judge’s odds climbed even further as his consistency at the plate, especially in home runs and RBIs, made him an undeniable frontrunner. Meanwhile, Ohtani’s odds shortened steadily as he continued to produce elite pitching and hitting performances.

The notable shift came in late June when Judge’s odds surged to -150 after a stretch of games that left him ahead in WAR, a key MVP factor. Ohtani saw his odds remain steady at +200 throughout much of the season, showing consistent value for bettors who had backed him early. Both players were near locks for the MVPs by the end of the year, with Judge finishing as the 2024 AL MVP and Ohtani securing his third MVP and first in the NL.

⚾ MLB Cy Young Award 2024 Season Betting Trends

In the AL Cy Young race, Tarik Skubal was not initially the favorite, but after an incredible start to the season with a sub-2.00 ERA in the first few months, his odds shortened dramatically from +1500 to +300, overtaking more established pitchers like Gerrit Cole, who had opened as the favorite at +200. Skubal’s consistency throughout the season kept him at the top, and bettors who backed him early were rewarded handsomely.

In the NL, Chris Sale was seen as a longshot, with odds as high as +2000 before the season started. However, his resurgence, coupled with dominating performances that saw him lead the league in strikeouts and ERA, caused his odds to drop dramatically to +350 by mid-July, where he took over as the favorite. His rise to prominence was fueled by his dominant start to the second half of the season, and Sale’s odds continued to tighten as he edged out other contenders like Zack Wheeler and Paul Skenes.

🥎 MLB Rookie of the Year 2024 Season Betting Trends

In the AL, Luis Gil started the season with relatively high odds, sitting around +1200 early in the year, but after a solid first month, his performance outpaced expectations. By midseason, his odds shortened significantly, settling at +350, as he led all AL rookies in strikeouts and WHIP. His odds surged further after a strong second half, making him the favorite by the final stretch of the season. On the other hand, Jasson Dominguez, who was expected to be one of the top AL ROY candidates, saw his odds shorten from +500 to +250 early in the season. However, after injuries and a lack of consistency, Dominguez’s odds drifted back to +1000 before the season ended, and since he did not exceed 130 at-bats, he is eligible for the award again this season.

In the NL, Paul Skenes was the early favorite with odds at +300, but his impressive rookie campaign caused his odds to shorten throughout the season. By the halfway point, his odds dropped to +150, reflecting growing confidence from bettors. His stellar pitching performances, coupled with his strikeouts and WHIP, made him an inevitable pick, and he eventually won the NL ROY award. Other rookies like Jackson Merrill and Jackson Chourio started with longer odds but never made much of a dent in Skenes’ dominance.

🧢 MLB Manager of the Year 2024 Season Betting Trends

Stephen Vogt, the manager of the Cleveland Guardians, was considered a mid-tier pick at +700 before the season started. However, his odds began to shorten dramatically after the Guardians significantly outperformed expectations and secured a postseason berth. Vogt’s odds dropped to +150 by mid-September, reflecting the Guardians’ unexpected success and his leadership skills. He went from being a somewhat overlooked choice to the clear favorite, securing the AL Manager of the Year award.

In the NL, Pat Murphy of the Milwaukee Brewers was initially considered a dark horse candidate with odds at +1200. However, as the Brewers exceeded expectations and clinched a playoff spot, Murphy’s odds dropped dramatically to +400 by the final month of the season. His ability to manage a young, rebuilding team to success played a big role in his odds shift. Other contenders like Mike Shildt and Carolis Mendoza had steady but less impressive odds movements throughout the season, while Murphy’s shift from outsider to frontrunner in the eyes of bettors proved to be one of the most notable managerial storylines of 2024.