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MLB Cy Young Odds 2024: Potential Last Chance to Buy Tarik Skubal

Written by: Kody Malstrom
Updated June 11, 2024
8 min read
  • Tarik Skubal continues to pull ahead on the oddsboard to win the AL Cy Young award

  • Zack Wheeler is now a comfortable favorite to win the NL Cy Young award

  • Shota Imanaga’s odds to win the NL Cy Young award continue to drastically vary between each sportsbook

After another dominant performance in his most recent outing, Tarik Skubal has continued to pad his lead at the top of the AL Cy Young oddsboard. The AL Cy Young award race has been in large part thought of as a two horse race with Skubal and Corbin Burnes battling it out all season long, now looking like Skubal’s award to lose as he continues to pull away. There is still plenty of season left to be played, yet Burnes may start feeling a stronger sense of urgency to string together pitch perfect outings in order to close the gap on the oddsboard. As for the NL, Zack Wheeler has reclaimed his throne as the comfortable favorite after Shota Imanaga threatened him for the top spot the past few weeks. It’s still a wide open race as numerous big name pitchers hover not too far behind him to claim the prestigious award.

MLB Cy Young Odds

MLB Cy Young Award Odds

Odds courtesy of the BetMGM Sportsbook. Click on the odds in the table below to head to the BetMGM sportsbook and place your bets. Create an account and get up to $1,500 back in bonus bets if your first bet loses with the WSN promo code “WSNMGM”.
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AL Cy Young Award Odds

PlayerOdds
Tarik Skubal+130
BET HERE
Corbin Burnes+500
BET HERE
Cole Ragans+1100
BET HERE
Luis Castillo+1200
BET HERE
Tanner Houck+1200
BET HERE

NL Cy Young Award Odds

PlayerOdds
Zack Wheeler+240
BET HERE
Shota Imanaga+500
BET HERE
Tyler Glasnow+700
BET HERE
Chris Sale+900
BET HERE
Ranger Suarez+1000
BET HERE

MLB Cy Young Award Predictions and Favorites to Win

NL - Zack Wheeler +240 at BetMGM

After seeing his odds to win the NL Cy Young award steadily decline the past month, Wheeler has now reclaimed the top spot on the oddsboard as the universal betting favorite. This is a culmination of Shota Imanaga’s recent lackluster outings, as well as Wheeler starting to round back into form as the Philadelphia Phillies star ace pitcher. Wheeler currently possesses an ERA of 2.23, a WHIP of 0.967, 91 Total Strikeouts, 52 Hits Allowed, and 20 Earned Runs Against in 13 games played. Better yet, Wheeler is finally getting the defensive support he needs to cement his spot at the top which has helped build their lead at the top of the NL East as well. The Phillies currently rank eighth overall in Defensive Efficiency.

Bet on Zack Wheeler (+240) at BetMGM CTA icon

AL - Corbin Burnes +550 at FanDuel

The more Tarik Skubal continues to dominate, the farther Corbin Burnes falls down the oddsboard. For good reason as well as Burnes is currently behind Skubal in ERA, WHIP, Total Strikeouts, Batters Walked, Total Hits Allowed, and Earned Runs Against. While a star in his own right, it’s tough to make an argument for Burnes to surpass him with his current statline being dwarfed by Skubal. Luckily for Burnes, there is still plenty of season left to be played as one lackluster performance from Skubal can drastically change the landscape for the award race as we have seen from Shota Imanaga. Skubal also has a poor history with his health, being one injury away from being sidelined and bowing out for the award as well.

Bet on Corbin Burnes (+550) at DanDuel CTA icon

NL - Tyler Glasnow +700 at FanDuel

Arguably no one on this list has more positive regression looming over them than Tyler Glasnow as he routinely finds himself on the short end of the stick. Glasnow has been dominant for a majority of his appearances, possessing a WHIP of 0.942 and 116 Total Strikeouts, but opposing offenses have maximized on their minimal scoring opportunities which burns his ERA. He’s the only pitcher on this list that has cracked double digits in opposing Home Runs, yet is in the bottom half in Total Hits Allowed. That makes Glasnow an intriguing mid season hedge option, especially if you have managed to buy a few positions on Wheeler earlier in the year. His odds may drastically drop after a few consistent good outings.

Bet on Tyler Glasnow (+700) at FanDuel CTA icon

NL - Ranger Suarez +1000 at BetMGM

While Zack Wheeler currently hogs the spotlight as the Phillies ace pitcher, it’s intriguing to see that Ranger Suarez actually beats him out across most pitching metrics. Other than Total Strikeouts, Suarez currently has a better ERA, WHIP, Batters Walked, Total Hits Allowed, and Total Earned Runs Against. That indicates that Wheeler’s spot at the top is vulnerable to collapsing, especially if Suarez continues to steal some of his spotlight with his own impressive play. The issue with buying Suarez is that oddsmakers clearly lean towards Wheeler’s way, spelling out a tough path for him to continue to climb. Should Wheeler string together some poor performances or get injured, Suarez is a live contender to win the award.

Bet on Tyler Glasnow (+1000) at BetMGM CTA icon

NL - Shota Imanaga +1400 at FanDuel

After a couple of bad performances, current NL Rookie of the Year favorite Shota Imanaga now finds himself having to climb out of a hole that he dug himself. What’s intriguing is that oddsmakers have no clue how to price him in the NL Cy Young award market, listing him as low as +500 and as high as +1400. Imanaga was a buy at +1400 in our last edition of the Cy Young award series and still is in this one. He has strung together enough dominant performances to prove that he can round back into form and gets the advantage of Wheeler’s spot at the top being vulnerable to collapsing. Imanaga still possesses a ERA of 1.96 and a WHIP of 1.029, while also having the lowest number of Earned Runs Against on this list.

Bet on Shota Imanaga (+1400) at FanDuel CTA icon

MLB Cy Young Award Winner - My Pick

AL - Tarik Skubal +130 at BetMGM

After a lackluster performance against the Kansas City Royals, Skubal has quickly reminded oddsmakers that he is very much the best pitcher in the AL after three straight dominant outings. He currently boasts better stats across the board against his closest contender Corbin Burnes as he possesses an ERA of 1.92, a WHIP of 0.891, 96 Total Strikeouts, 15 Batters Walked, 56 Hits Allowed, and just 17 Earned Runs Against in 13 games played. There is still plenty of season left to be played, but the number of  remaining games left to be played are starting to near the halfway mark. That puts Skubal in a buy now spot for the award as he is potentially just one or two more impressive outings away from being juiced too high.

Bet on Tarik Skubal (+130) at BetMGM CTA icon

Cy Young Award History 

With Corbin Burnes odds to win the Cy Young award continuing to decline, it’s starting to look like we will have a new pair of names to win both awards over the past five years. Tarik Skubal has taken full command as the universal favorite to win the AL Cy Young award while Zack Wheeler has reclaimed the top spot for the NL with Shota Imanaga falling down the board. Tyler Glasnow and Zack Wheeler’s teammate Ranger Suarez have also joined the fray, creating some added excitement to see who gets to etch their name in the history books for the prestigious pitching award.

AL Cy Young Award Winners

YearWinner
2023Gerrit Cole
2022Justin Verlander
2021Robbie Ray
2020Shane Bieber
2019Justin Verlander

NL Cy Young Award Winners

YearWinner
2023Blake Snell
2022Sandy Alcantara
2021Corbin Burnes
2020Trevor Bauer
2019Jacob deGrom

How to Read MLB Cy Young Award Odds 

Like in every bet you make, it’s vital to understand how the listed odds work. While there are no players currently in this market with a negative sign in front of their odds (-130 for ex.), you may see that later on. Should Tarik Skubal’s odds say that he is a -130 favorite, then you would have to wager $130 to profit $100. At his current listed odds of +130, then a $100 wager profits you $130.

How to Choose the Best Sportsbook for Betting on the Cy Young Award

Multiple factors play into what makes the best sportsbooks for betting on the Cy Young. For starters, odds vary between sportsbooks which makes it vital to have as many as you can get in order to line shop. When looking to wager on Tarik Skubal, you can see that his odds are as high as +130 and as low as +120. That is a difference of $10 in lost profit for a $100 bettor should you take his lowest listed odds. Be sure to always line shop in order to maximize your potential for profits.

Each sportsbook also has a unique new user sign-up offer that you can read in the table below. Should you create an account with the BetMGM sportsbook, you can get up to $1,500 in bonus bets back if your first bet loses with the WSN promo code “WSNMGM”.

BetMGMCaesarsFanDuel
Tarik Skubal Cy Young Odds+130+120+130
Welcome BonusGet Up to $1,500 in Bonus Bets!*$1,000 First Bet on CaesarsBet $5, Get $200 in Bonus Bets 
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Check Out More MLB Futures

MLB by Cy Young FAQ

Who Won the AL and NL Cy Young Awards in 2023?

Who Are the Favorite to Win the Cy Young Awards in 2024?

Who Was the Last to Repeat as a Cy Young Winner?

Who Has the Most Cy Young Awards?

Has a Rookie Ever Won the Cy Young?

When Will the MLB Cy Young Award Be Announced?

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AUTHOR

Kody Malstrom

132 Articles

Kody Malstrom is a sports betting journalist with six years of writing experience in the industry. He covers an abundance of sports, including College Football, NFL, College Basketball, NBA, and more. Born and raised in Michigan, Kody is a devoted Detroit Sports fan and spends his Sundays rooting for the Detroit Lions while telling himself this year is the year they win it all. When not staring at betting markets, Kody spends his free time at the beach in the summer or snowboarding in the winter.

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