Current MLB Cy Young 2024 Odds, Betting Lines & Favorites

If you are a fan of baseball and pay close attention to the best pitchers in the game, the contents of this article are perfect for you. One of baseball’s most coveted annual awards is the MLB Cy Young, awarded to the best pitcher in both the American and National leagues.

In this article, we will cover everything related to the MLB Cy Young from a betting standpoint. From current MLB Cy Young odds and candidates to the best MLB sportsbooks to wager on the award, to how the award is decided, to its history, we have everything you need to know so that you can make a bet on this year’s race and every race thereafter.

⚾️ Current MLB Cy Young 2024 Odds

We will be using odds from DraftKings Sportsbook throughout this article to provide a check on the current MLB Cy Young odds. With the 2024 MLB season now in its final week of regular season play, the pool of candidates has narrowed to a shortlist of favorites and the awards picture has become clearer.

Again, because this award is split between the two MLB leagues, we have provided DraftKings’ MLB Cy Young odds 2024 odds for the AL and NL entering the calendar year. Remember, since we are currently in the midst of this season, these odds are subject to change weekly or even daily and could be different at the time of reading.

American League:

• Gerrit Cole (NYY) +440
• Kevin Gausman (TOR) +650
• Framber Valdez (HOU) +750
• Pablo Lopez +1200
• Luis Castillo +1300

National League:

• Spencer Strider (ATL) +550
• Zack Wheeler (PHI) +850
• Logan Webb (SF) +1000
• Corbin Burnes (MIL) +1200
• Zac Gallen (ARI) +1300

Betting on MLB Cy Young Futures

DraftKings has some of the best odds out there, especially when it comes to MLB Cy Young betting. Their ‘Bet $5, get $150 instantly’ sign-up bonus is a considerable draw for new users who have yet to sign up with the sportsbook. That means you can sign up here today and wager $5+ on their favorite MLB Cy Young odds to receive $200 in bonus bets once the bet settles in victory or defeat.

It’s important to consider the other top sportsbooks when analyzing Cy Young betting odds, however. FanDuel, Caesars, BetMGM and Bet365 come to mind. These are reputable options that differ from DraftKings with their glamorous sign-up bonuses, key features and odds to win the CY Young.

FanDuel, for example, had Shane McClanahan at +600 to win the AL Cy Young, with Gerrit Cole at even money. In the NL race, FanDuel had Blake Snell trailing Spencer Strider and Zac Gallen at +350, in comparison to his +270 price at DraftKings.

If you want to compare the starting offers each of these sportsbooks provides, check out this list:

🥇 MLB Cy Young Candidates for 2024: Who Are the Favorites?

Our tables above detail the current MLB Cy Young odds for 2024, but as you can see, a sizable gap exists after the top three favorites in both leagues. This is the mark that separates the true contenders from the longshots. So, now it's time to get to know the MLB Cy Young favorites.

(AL) Gerrit Cole MLB Cy Young Odds (+440 at DraftKings)

At this point, it would be a surprise if Gerrit Cole does not walk away with his first career MLB Cy Young. It’s amazing to think he doesn’t have one yet with some of the dominant seasons he has racked up in recent years, but with a clear advantage in the wins above replacement department (WAR) and among the leaders in innings pitched, strikeouts and WHIP, his consistent mastery in 2024 and overpowering arsenal has paved the way to become the obvious frontrunner for the AL Cy Young. He has pretty much held up the Yankees rotation on his own and helped keep the team afloat for the playoffs.

(AL) Kevin Gausman MLB Cy Young Odds (+650 at DraftKings)

Kevin Gausman was a late bloomer, but he has been one of the best pitchers in the sport since his 2021 season with the San Francisco Giants when he finished sixth in NL Cy Young voting. Gausman used his 2021 performance to sign a big deal with the Toronto Blue Jays in 2022 and be their steady ace. Gausman has done just that to lead The Blue Jays and their young core of position players into a playoff team and World Series contender. The righty has a nasty blend of sinker and changeup to induce countless ground balls and swing and miss.

(NL) Zac Gallen MLB Cy Young Odds (+1300 at DraftKings)

The starter for the NL in the 2024 All-Star Game, Zac Gallen did enough in the first half to maintain his status as a frontrunner for this award, however, his second-half decline has been synonymous with his Arizona Diamondbacks scuffle since the break. Gallen’s 4.45 July ERA has allowed Blake Snell to creep up in the race, and Spencer Strider’s ridiculous strikeout numbers to take center stage.

(NL) Spencer Strider MLB Cy Young Odds (+550 at DraftKings)

The NL Cy Young race is so tight, as evidenced by these current Cy Young odds, and this discussion of candidates cannot be finished without mention of Spencer Strider. He may be the most exciting pitcher in baseball to watch right now. He possesses giant quads, a stunning mustache and overwhelming stuff. Though he is prone to the long ball, no pitcher is even close to his strikeout total. If Strider finishes the year improving his run prevention, he is looking like a safe NL Cy Young bet. He is more than capable as well, with his wipeout slider potentially being the best pitch in the sport.

MLB Cy Young: Who Will Win in 2024?

We've got MLB Cy Young predictions for both the AL and NL, so let's get right into it. Starting with the AL, there are a number of spectacular pitchers in this league, but none of them more than Gerrit Cole. Cole is putting up some of the best numbers of his career this season, so it's no wonder why he's our top AL pick in our 2024 MLB Cy Young predictions.

Although the Yankees have been a disappointment overall this season, that certainly isn't Cole's fault. He owns a 2.79 ERA, 1.03 WHIP and 204 strikeouts at this point, all good for top five in the league. Cole has seven top five Cy Young finishes in his career, but this might finally be his chance to take the award home. Thus, our MLB Cy Young predictions pertaining to the AL with have to side with Gerrit Cole.

Regarding our 2024 MLB Cy Young predictions for the NL, this should be a much tighter race down the stretch opposed to the AL. Both Blake Snell and Justin Steele are battling for the top spot each time they take the mound, and both are impressing just about every outing as well.

However, we'll go with Justin Steele in our official NL MLB CY Young predictions. The 28-year-old is having a career year with a 2.49 ERA, 1.13 WHIP and 4.8 K/BB. It also helps that the Cubs are in playoff contention, meaning all of his starts come attached with some high stakes. In the end, for our NL 2024 MLB Cy Young predictions, we like Steele to edge out Snell.

🐕 MLB Cy Young 2024: Longshot Candidates to Watch

As mentioned, the current MLB Cy Young candidates to take seriously are the favorites we highlighted. There is a significant drop off in Cy Young odds following the top three horses in each league. For example, recent injuries to Nathan Eovaldi and Framber Valdez in the AL are keeping them on the outside looking in. In the NL, Logan Webb and Corbin Burnes would need to go above and beyond in the final months of the season to even be considered for the award.

For now, this far into the season, stick with the favorites. When you look to MLB Cy Young futures next season, that is the time to wager on a dark horse.

How the MLB Cy Young is Decided

Named after the winningest pitcher in baseball history, the Cy Young Award is voted upon and decided by the Baseball Writers' Association of America. This is a regular-season award on which the postseason has no bearing. From 1956 to 1966, the award was given to one pitcher but has been given to one pitcher per league since 1967.

Because baseball has experienced a stats and analytics revolution in the 21st century, factors such as ERA, WHIP, strikeouts, WAR, and plenty more specific metrics, now outweigh the win-loss records of pitchers.

📈 Trends & Statistics for the MLB Cy Young

We just mentioned a few leading factors, but in addition to those stats, durability and innings pitched are still monumental pieces of the puzzle when deciding upon a Cy Young winner in each league.

To demonstrate how some key stats influence though, let's run through categories for the current MLB Cy Young favorites: Strider has an unheard of 14.5 K/9 stat, Snell leads the majors in ERA, Webb leads baseball in innings pitched and Eovaldi leads MLB in WHIP.

Teams With Most MLB Cy Young Winners

• Brooklyn/Los Angeles Dodgers - 12
• Milwaukee/Atlanta Braves, Philadelphia Phillies, Boston Red Sox & New York Mets - 7
• Baltimore Orioles & Cleveland Indians - 6

Teams With Zero MLB Cy Young Winners

There are only two teams who have never had a Cy Young Award winner:

• Texas Rangers
• Colorado Rockies 

Past 10 Winners of the MLB Cy Young

This award comes down to the overall body of work at the end of the season. Usually, the ERA leader will take the award, but only if they are amongst the leaders in innings pitched, WAR and strikeouts as well.

Who Has Won the MLB Cy Young Most Often?

Roger Clemons has won the MLB Cy Young Award seven times to lead all pitchers in MLB history. Randy Johnson trails with five. No current MLB pitcher has as many as four, but Clayton Kershaw, Max Scherzer and Justin Verlander have each won it three times.

FAQs

❓ How Are MLB Cy Young Odds Determined?

MLB Cy Young odds 2024 are in flux during the season and, at this point in the season, are determined by recent performance. The pitchers who are turning in quality starts, lowering their ERA and racking up strikeouts are going to increase in odds. During the offseason, the odds to win the Cy Young are determined by a variety of factors, such as age, track record and situation.

❓ Can a Player Win the MLB Cy Young Multiple Times?

Yes. A specific player can theoretically win the Cy Young every single year, but it is an extremely difficult feat to accomplish with the constant replenishment of young talent emerging.

❓ Do MLB Cy Young Odds Vary Across Different Sportsbooks?

Yes. DraftKings offers different Cy Young betting odds than FanDuel, and FanDuel differs from Caesars, etc.

❓ When is the MLB Cy Young Announced?

The Cy Young Awards are announced in mid-November following the conclusion of the MLB Playoffs.

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