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2021 World Series Odds: LA Dodgers Favored To Repeat

While there was an abundance of confetti dropped and champagne popped at Globe Life Field for the conclusion of the MLB World Series, oddsmakers have wasted no time tabbing the Los Angeles Dodgers as the favorites in 2021 World Series odds.

The Dodgers are +500 betting favorites to win the 2021 World Series and be the first team to go back to back since the New York Yankees won three in a row from 1998 to 2000.

Speaking of the Yankees, they’re next on the oddsboard at +600 in 2021 World Series odds and will likely be retooling in the offseason via free agency. The next-best American League team, according to odds from the best baseball betting sites, is the Chicago White Sox at +1100, with the San Diego Padres from the National League also at +1100.

Read our How To Bet On Baseball Guide if you’re new to baseball betting or need a refresher, and make sure to keep track of the latest odds with MLB Futures.

Who Is The Favorite To Win 2021 World Series?

Los Angeles Dodgers+500
New York Yankees+600
Chicago White Sox+1100
San Diego Padres+1100
Atlanta Braves+1200
Tampa Bay Rays+1400
Cincinnati Reds+1600
Oakland Athletics+1600
Cleveland Indians+2000
Minnesota Twins+2000
Chicago Cubs+2500
Houston Astros+2500
New York Mets+2500
Philadelphia Phillies+3000
St. Louis Cardinals+3000
Washington Nationals+3000
Los Angeles Angels+3000
Boston Red Sox+4000
Milwaukee Brewers+4000
Toronto Blue Jays+4000
Detroit Tigers+5000
Miami Marlins+5000
Arizona Diamondbacks+6000
Baltimore Orioles+6000
Kansas City Royals+6000
San Francisco Giants+6000
Colorado Rockies+7000
Seattle Mariners+8000
Texas Rangers+8000
Pittsburgh Pirates+10000

Odds as of October 28 at Bovada

Why The Los Angeles Dodgers Are Favored To Win The 2021 World Series

Finally getting the monkey off their back and winning their first World Series since 1988, the Los Angeles Dodgers are primed for another run in 2021. Nearly all of their players are signed for next season outside of Justin Turner and Joc Pederson and they’ll likely retool by adding some more key veterans who might be ring-chasing.

The pitching staff for the Dodgers continues to be a bright spot with emerging ace Walker Buehler and the redeemed Clayton Kershaw, and with David Price expected to return to the rotation after sitting out 2020 due to COVID-19.

At +500, it’s not the best value at this stage to take the Dodgers because there are a lot of unanswered questions about how the 2021 season will shape up. When will MLB start the 2021 season? Will the playoff structure be similar to 2020 to include more teams? Will the National League use the designated hitter?

Once those answers become clear, then you can feel comfortable firing on the Dodgers to repeat as World Series champions.

MLB Teams To Watch for 2021 World Series Odds

It’s never too early to start looking at long shots for World Series odds and for 2021, two teams immediately stand out – the Washington Nationals and the Toronto Blue Jays.

Washington Nationals

It feels like a lifetime ago that the Washington Nationals went on their improbable run in 2019 to win the World Series and while 2020 was a bit of a disaster, they still have the pieces in place to get back to the mountaintop. Despite what the Rays and other “Moneyball” teams like to do, starting pitching is the best asset you can have and the Nats have easily the best trio in baseball in Max Scherzer, Stephen Strasburg and Patrick Corbin.

Where they fall short is in the batting order, even with the emergence of young gun Juan Soto. At +3000 odds, it’s worth the risk considering the Nationals are likely to add a couple of power bats for the middle of the lineup.

Toronto Blue Jays

A team that has stockpiled young talent, it might be a year or two early to grab the Toronto Blue Jays at +4000 but the team can’t be counted out. Despite playing in the toughest division in baseball, the Blue Jays still managed to make the expanded postseason in 2020 and give the youngsters a taste of playoff baseball.

Why this team is +4000: they need better starting pitching and they play in the AL East. Playing in that division can be a death sentence if the stars don’t align, and the Jays’ margin of error shrinks by the week during the season when you have to compete with teams like the Yankees, Rays and Red Sox every season just to get to the postseason.

The good news is the Jays are supposedly going to spend more money in the offseason to nab more talent and add to the stable of pitching. All due respect to Hyun-Jin Ryu but he can’t be your team’s ace if you expect to win the World Series.

What is a Futures Bet on World Series Odds?

When you visit your sportsbook of choice, you’ll see an option to bet on which team will win the World Series. This kind of bet is a futures wager, which means you’re betting on events that will happen in time. Oddsmakers release action on the Fall Classic before the season starts and adjust the lines as teams surge and stumble in the standings.

You would see odds listed like this:

  • Los Angeles Dodgers +375
  • New York Yankees +375
  • Houston Astros +1200
  • Atlanta Braves +1200
  • Minnesota Twins +1500

Unlike a moneyline bet, where there would be a clear favorite and underdog, the team with the lowest odds is the closest thing to a fave. In this case, it’s the Dodgers and Yankees. The team with the highest odds would be the closest thing to a dog. Here, it’s the Twins.

If you were to bet $100 on the Twins at the beginning of the season and they won the World Series, you’d get a payout of $1,600 – your original $100 is returned, along with your winnings of $1,500. On the other hand, the same bet amount on the Dodgers would give you a payout of $475 – you get your $100 back, plus your loot of $375.

Our Odds Calculator can help you determine how much you’d pocket depending on the odds and the amount bet.

The earlier you can make a futures bet the better, because you’ll see higher returns since World Series odds ebb and flow depending on a team’s overall performance, injuries to key staff, and how they stack up against the rest of their division.

However, you’ll need to handicap your bets accordingly. Luckily, we’ve got you covered with everything baseball: