Things were looking grim for the New York Yankees at the beginning of August, but they've seemingly turned things around and are catching the eyes of bettors in the World Series odds.
Meanwhile, in the NL, the Milwaukee Brewers took their first loss in 15 games but have still played their way into being a legitimate contender in this MLB odds market.
Let's take a look at the updated 2025 World Series odds.
2025 World Series winner odds
World Series odds analysis
The New York Yankees fell to as low as +1400 at the beginning of August after dropping 10 of their first 17 games following the All-Star break. But the turnaround has seemingly begun with wins in five of their last six games.
The Yankees may have just beat up on the Twins and Cardinals, but that hasn't stopped bettors from dropping them down to as short as +1000, in line with the Seattle Mariners.
New York's trade deadline acquisitions like Ryan McMahon and Jake Bird have been underwhelming, though David Bednar has been as advertised (three saves in August). Giancarlo Stanton has been tearing the cover off the ball this month (1.275 OPS), which has been huge with Aaron Judge going through a mini-slump (.229 average).
Ben Rice recently played hero with a seven-RBI game vs. St. Louis on Saturday, bringing his August average up to .298.
The Milwaukee Brewers had a franchise-record 14-game winning streak halted by the Reds on Sunday, but they're still an incredible 21-5 in the second half of the season.
Milwaukee was as long as +6600 to win the World Series prior to the All-Star break, and now they're no longer than +800.
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 14.4%
• Phillies 9.3%
• Mets 7.9%
Highest handle percentage:
• Dodgers 28.6%
• Mets 9.5%
• Phillies 7.7%
Biggest liabilities:
• Giants
• Angels
• Dodgers
Data courtesy of BetMGM.
2025 World Series AI prediction
We turned to ChatGPT to find out who it thinks will be the last team standing this fall.
Let’s not overthink this. The Los Angeles Dodgers aren’t just contenders in 2025 — they’re a blue-chip powerhouse with a bulletproof case to go all the way. If you’re betting futures and not considering L.A., you’re either chasing longshots or ignoring cold, hard baseball logic.
With a stacked lineup featuring Shohei Ohtani, Mookie Betts, and Freddie Freeman, this team doesn’t just score — it overwhelms. They're leading MLB in run differential, mashing top-tier pitching, and turning every game into a mismatch by the fifth inning. And that’s before you even factor in their elite rotation: Tyler Glasnow’s strikeout stuff, Yamamoto’s poise, Kershaw's experience, and a bullpen that quietly shuts down late-inning drama.
This is a smart, disciplined franchise that knows how to manage a championship run. With postseason experience, front-office savvy, and October motivation after recent playoff stumbles, the Dodgers are the rare team with both the talent and the temperament to finish the job. You’re getting elite metrics, consistent value on the futures board, and a team that treats the regular season like a 162-game tune-up.
Pick: Los Angeles Dodgers
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 |
+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 |
| 2015 |  Kansas City Royals |
+1500 |  New York Mets |
The biggest World Series underdogs
Below are the 10 World Series-winning teams since 1985 with the longest opening odds.
| Season | Winner | Opening odds |
|---|---|---|
| 1991 |  Minnesota Twins |
+8000 |
| 2003 |  Florida Marlins |
+7500 |
| 2023 | Texas Rangers |
+5000 |
| 1987 | Minnesota Twins |
+5000 |
| 2013 | Boston Red Sox |
+4000 |
| 2002 |  Anaheim Angels |
+4000 |
| 2010 |  San Francisco Giants |
+2500 |
| 2005 |  Chicago White Sox |
+2200 |
| 2008 | Philadelphia Phillies |
+2000 |
| 2014 | San Francisco Giants |
+2000 |
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 Philadelphia Phillies, Milwaukee Brewers, and Seattle Mariners.
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.
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.
