Baseball's annual winter meetings kicked off with a doozy, as the New York Mets locked up Juan Soto for the next decade-and-a-half.
MLB odds have the Los Angeles Dodgers as clear favorites to repeat as World Series champions but the Mets have jumped up the odds board after snagging Soto away from the crosstown New York Yankees.
With that in mind, let's look at the early 2025 World Series odds.
2025 World Series winner odds
World Series odds analysis
The New York Mets won the Juan Soto sweepstakes, signing the 26-year-old outfielder to a record 15-year, $765-million contract on Sunday, December 8, just as the annual winter meetings kicked off.
The Mets went from as long as +1400 to as short as +700 after news of the Soto acquisition broke. Soto's arrival in pinstripes helped propel the New York Yankees to their first World Series appearance since 2009. Although the Evil Empire was vying for a reunion, the superstar slugger is ultimately taking the 7 train to Citi Field.
Soto goes from hitting alongside Aaron Judge to playing with shortstop Francisco Lindor to form a fantastic 1-2 punch in the heart of the Mets' lineup.
Still, it wasn't enough to catapult the Mets into overall favorite status. The Los Angeles Dodgers shored up their rotation by signing Blake Snell, brought back reliever Blake Treinen, and reinforced the outfield by signing Michael Conforto. While other teams focused more on Soto, the Dodgers bolstered a roster that just won the Fall Classic.
While the Yankees fell short of keeping Soto in the Bronx, they've bolstered the rotation by signing All-Star left-hander Max Fried to an eight-year deal. Brian Cashman is expected to make several more moves in the coming weeks, with Cody Bellinger, Nolan Arenado, and Christian Walker among the rumored targets.
2025 World Series betting splits
- At BetMGM, the Mets moved from +1200 to +700 after the signing.
- "Juan Soto to the Mets significantly improves their chances of winning the World Series," Hal Egeland, BetMGM's trading strategy manager said. "A move from +1200 to +700 is massive for one player, but it also indicates that Steve Cohen and the Mets look to be all in and will continue adding pieces to their team."
- Meanwhile, the Yankees saw their odds lengthen from +800 to +900.
- Since Soto signed, 66% of money coming in on the World Series market has been on the Mets.
- Still, the Dodgers hold the highest ticket percentage (23.3%) and highest handle (36.7%), therefore representing the biggest liability to the sportsbook.
2025 World Series odds over time
Here's a look at how World Series odds stacked up across MLB throughout the season. We'll be updating this chart again for the 2025 season.
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How to read MLB World Series futures odds
Sportsbooks will post World Series futures as soon as the previous season concludes, and some even sooner. These betting boards are constantly adjusted throughout the winter and ensuing season as players get hurt or are traded. Once the regular season begins, World Series odds will change daily as teams win and lose games, and as more players are injured or traded. Sportsbooks will also adjust the World Series odds based on handle and liability to certain teams.
World Series odds will usually look like this:
- Los Angeles Dodgers +240
This means that on a $100 bet, you'll stand to win $240 if the Dodgers win the World Series. If it's close to the end of the season or MLB has a very dominant team, you could see a minus sign (-) ahead of a team's odds.
- Atlanta Braves -150
This means that if you bet on the Atlanta Braves during the 2020 MLB season, you would have needed to bet $150 to profit $100 if the Braves won the championship.
Above we have posted the American odds for the World Series. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
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 |
+5,000 |  Arizona Diamondbacks |
| 2022 |  Houston Astros |
+800 |  Philadelphia Phillies |
| 2021 |  Atlanta Braves |
+1,000 | Houston Astros |
| 2020 | Los Angeles Dodgers |
+600 |  Tampa Bay Rays |
| 2019 |  Washington Nationals |
+1,800 | Houston Astros |
| 2018 |  Boston Red Sox |
+1,200 | Los Angeles Dodgers |
| 2017 | Houston Astros |
+1,600 | Los Angeles Dodgers |
| 2016 |  Chicago Cubs |
+1,050 |  Cleveland Guardians |
| 2015 |  Kansas City Royals |
+1,500 |  New York Mets |
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 Atlanta Braves and New York Mets.
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.
