The Milwaukee Brewers proved their MLB-leading 103 wins were no fluke, as they completed their NLCS sweep of the Los Angeles Dodgers.
The Brewers are now listed with a 62% probability in the World Series odds, while the Cleveland Guardians and Tampa Bay Rays duke it out in the ALCS. The Rays have been rolling while taking two straight games, and most recently winning Game 5 3-1. They can advance to face the Brewers in the World Series with another win tonight.
Here are the latest MLB odds as the Brewers await their opponent in the 2026 Fall Classic.
- Key Takeaways:
- Brewers sweep mighty Dodgers
- Rays take ALCS lead
World Series odds 2026
For help understanding probabilities, see our odds converter. Odds may differ from the widget to table.
Milwaukee BrewersOdds last updated on 10-18. Odds from Polymarket.
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MLB World Series favorite: Brewers (62%)
The Milwaukee Brewers punched their ticket to the World Series for the first time since 1982. That was the only time Milwaukee has played in the Fall Classic (Robin Yount, Paul Molitor, etc.), and despite some good teams, especially in recent seasons, the Brewers have never made it back until now.
The Brewers will get a bit of a layoff, so buckle up for "rust vs. rest" talking points up the wazoo. But their status as favorites is expected, as not only did they vanquish the Los Angeles Dodgers (who had been massive favorites since winning the 2025 World Series), but they won 103 regular-season games.
Jackson Chourio currently leads the World Series MVP odds.
Teams to watch
Rays (32%)
The Tampa Bay Rays, like the Brewers, have never won a World Series. They've played in two (2008, 2020) and have consistently been a successful team despite insanely low payrolls.
The Rays' offense bounced back significantly in Game 4 of the ALCS, with Jonathan Aranda the loudest contributor while going 3-for-4 at the plate and knocking in two runs. Yandy Diaz also went deep with a key ninth-inning two-run blast. That continued in Game 5, with Aranda recording another two hits and an RBI during a clawing 3-1 win.
The ALCS is now a series with razor-thin margins, but whoever comes out of it will ultimately be perceived as an underdog against Milwaukee. The Rays continue to win those tight games, and their championship odds have risen sharply from 14% to 32% following Game 5.
Guardians (7%)
The Guardians unsurprisingly plunged after dropping Game 5, and the team's descent in the odds is powered further by dropping three of the last four games in the series.
But it's still been a narrow and tight-fought ALCS that can swing back quickly. If the Guardians manage to fight back, they would have arguably as good a story as the Brewers. While Cleveland last reached the World Series in 2016, losing an epic series to the curse-breaking Chicago Cubs, the franchise hasn't won a Fall Classic since 1948.
MLB World Series futures predictions
Neither prediction came to fruition.
| Bet | Odds | Bet date | Units |
|---|---|---|---|
 Atlanta Braves |
8.3% | May 11 | 0.5 |
 Detroit Tigers |
3.85% | February 26 | 0.25 |
The Atlanta Braves stumbled, but they righted themselves to clinch the NL East, but ultimately fell prey to the Dodgers in the NLDS.
In the AL, the Detroit Tigers tried to resurrect their season too, at one point winning six straight games in September. But eventually the hole they had dug themselves was too deep, and they missed the playoffs despite producing a plus-71 run differential, which sat fourth in the AL. Even if the Skubal trade is good in the long run, it can't wash out the bitter taste of 2026.
Popular MLB futures markets
- MLB World Series MVP odds
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Past World Series winners
Here's a look at the last 10 World Series winners via SportsOddsHistory:
| Season | Winner | Opening odds | Runner up |
|---|---|---|---|
| 2025 |  Los Angeles Dodgers |
+240 |  Toronto Blue Jays |
| 2024 | Los Angeles Dodgers |
+350 |  New York Yankees |
| 2023 |  Texas Rangers |
+5000 |  Arizona Diamondbacks |
| 2022 |  Houston Astros |
+800 |  Philadelphia Phillies |
| 2021 | Atlanta Braves |
+1000 | Houston Astros |
| 2020 | Los Angeles Dodgers |
+600 |  Tampa Bay Rays |
| 2019 |  Washington Nationals |
+1800 | Houston Astros |
| 2018 |  Boston Red Sox |
+1200 | Los Angeles Dodgers |
| 2017 | Houston Astros |
+1600 | Los Angeles Dodgers |
| 2016 |  Chicago Cubs |
+1050 |  Cleveland Guardians |
Odds are correct at the time of publishing and are subject to change.
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World Series Odds FAQs
The Milwaukee Brewers are the current favorites, with a 65% probability.
The Los Angeles Dodgers beat the Toronto Blue Jays in seven games to win the 2025 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 2026 World Series after winning in 2024 and 2025.
World Series odds are calculated based on a team’s perceived likelihood of winning, factoring in metrics like roster strength, pitching depth, injuries, schedule difficulty, betting volume, and historical performance. Oddsmakers use advanced models and market trends to set the opening lines. As the season progresses and bets come in, the odds shift to reflect team performance and public sentiment.
Preseason favorites win the World Series far less often than you'd expect. In the last 20 seasons, only a handful of top preseason favorites have gone on to win it all. Baseball is highly unpredictable, with injuries, midseason trades, and postseason volatility playing a huge role. Underdogs like the 2023 Texas Rangers (+5000 preseason) have proven that even long shots can go the distance.
Yes, most sportsbooks offer World Series MVP odds once the Fall Classic matchup is set. You can bet on individual players before the series begins. As games are played, live MVP odds may be updated. Keep in mind, only players from the two World Series teams are eligible, and the award is often based on clutch performance, stats, and narrative impact across the series.
