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MLB Cy Young Odds 2024: Buy the Dip on Tarik Skubal

Written by: Kody Malstrom
Updated May 28, 2024
8 min read
  • Tarik Skubal’s odds widely vary as the universal favorite to win the AL Cy Young award

  • Zack Wheeler and Shota Imanga are the split favorites to win the NL Cy Young award

  • The NL Cy Young award race is more wide open than ever with Wheeler regressing

Tarik Skubal was the heavy universal favorite in last week’s edition of our weekly Cy Young series and he still holds the lead after a lackluster performance. After an underwhelming outing against the Royals, his odds are now all over the place as they have dipped to as high as +270 and as low as +190. Oddsmakers have tempered their overreactions by keeping him as the deserving favorite, especially with Skubal still possessing better overall stats than his biggest threat in Corbin Burnes. As for the NL Cy Young award, it’s as wide open as ever with Zack Wheeler’s regression opening the door for someone else to pull ahead as the favorite. Rookie sensation Shota Imanaga is the closest contender to Wheeler, while the likes of Chris Sale and Tyler Glasnow creep up the oddsboard as well.

MLB Cy Young Odds

MLB Cy Young Award Odds

Odds courtesy of FanDuel sportsbook. Click on the odds in the table below to head to FanDuel sportsbook and place your bets. Claim $150 in bonus bets by simply creating an account and winning your first bet of at least $5 wagered. Be sure to wager the $5 on a heavy favorite immediately after signing up, maximizing your chances of winning and collecting the $150 in bonus bets.

AL Cy Young Award Odds

PlayerOdds
Tarik Skubal+270
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Corbin Burnes+450
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Tanner Houck+1100
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Luis Castillo+1200
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Cole Ragans+1200
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NL Cy Young Award Odds

PlayerOdds
Zack Wheeler+350
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Shota Imanaga+440
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Chris Sale+600
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Tyler Glasnow+800
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Ranger Suarez+900
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MLB Cy Young Award Predictions and Favorites to Win

NL - Zack Wheeler +350 at Caesars

Zack Wheeler spent a majority of the season a universal heavy favorite to win the NL Cy Young award, but he is now starting to spiral as the race for the award is back to being wide open. Wheeler has now strung together a pair of underwhelming performances as well as seeing his competition raise their levels of production. Of the listed NL pitchers as favorites to win the award, Wheeler has the second highest ERA and the highest WHIP. Opposing offenses are starting to make contact at a more routine rate, putting themselves in scoring position and flirting with plummeting Wheeler’s stats even more. Until Wheeler looks like he has rounded back into form, he is an immediate pass as a bet for the NL Cy Young award.

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NL - Shota Imanaga +440 at FanDuel

The more Wheeler plummets, the more Imanaga gains as he has the second best odds to win the NL Cy Young award in most sportsbooks while tied for first at others. Imanaga has been lights out since the start of the season, possessing an ERA of 0.84, a WHIP of 0.913, 58 Total Strikeouts, 40 Hits Allowed, and just 5 Earned Runs Against in 9 games played. Not only is Imanaga a favorite to win the Cy Young, but he is now a heavy favorite to win the NL Rookie of the Year award as well. His current stat line is unsustainable for the full course of a season, making him a pass for the award as a dip is inevitable. When that dip happens, then he will be worth an addition to the portfolio as a valuable hedge piece.

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AL - Corbin Burnes +450 at FanDuel

You would think after Skubal’s latest underwhelming performance against the Kansas City Royals that Burnes would see his odds to win the AL Cy Young award shrink, but that has yet to be the case. Oddsmakers tempered their reactions to Skubal’s latest performance, keeping Burnes at where he was before the contest. Burnes has done himself no favors with his most recent outings to try and build back some momentum, possessing an ERA of 2.60, a WHIP of 1.066, 53 Hits Allowed, and 19 Earned Runs Against. All previously mentioned metrics are worse than what Skubal currently possess with one more game played. Monitor Skubal’s next performance before thinking of wagering on Burnes to win the award.

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NL - Chris Sale +700 at DraftKings

Chris Sale makes his first appearance at the top of the board and for good reason as he has played as one of the better pitchers in the NL. Sale has been tasked with a larger role for the Braves pitching staff after the unfortunate injury to star ace Spencer Strider and he has performed well so far this season. Sale currently possesses an ERA of 2.12 and a WHIP of 0.848. His ERA is currently the second lowest mark on this list only behind Shota Imanaga while his WHIP is the best on this list. His production will be called upon more than ever after the season ending injury to Ronald Acuna Jr which is a major blow to the Braves already reeling offense. Wait to bet on Sale until Imanaga shows some sort of regression.

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NL - Tyler Glasnow +800 at FanDuel

Another week has gone by and Glasnow still finds himself at relatively the same odds to win the NL Cy Young award as before. After once threatening to jump over Wheeler at the top of the board, Glasnow has trickled down after a lackluster performance. He has since minimized the damage done, yet has struggled to move back up the board due to other pitchers around him playing at a more productive level. Positive regression does loom large for him as he has the highest ERA of every pitcher on this list but the third lowest WHIP and most Total Strikeouts with 87 so far this season. Keep Glasnow in your sights as a potential mid season addition should the top of the board start to regress.

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MLB Cy Young Award Winner - My Pick

AL - Tarik Skubal +270 at FanDuel

Even after a lackluster performance by his standards, Skubal is still a heavy favorite to win the AL Cy Young award. FanDuel dipped his odds to as low as +270 while some sportsbooks like DraftKings raised him up to +175. That goes to show how much of a hold he has at the top of the board, especially with his leading contender Corbin Burnes continuing to underwhelm. Skubal currently possesses better marks across the board compared to Burnes, possessing an ERA of 2.25, a WHIP of 0.850, 72 Total Strikeouts, 41 Hits Allowed, and 15 Earned Runs Against with one less game played. Expect a bounce back performance in his next outing to maintain his lead for the award.

Bet on Tarik Skubal (+270) at FanDuel Sportsbook 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 Shota Imanaga and Zack Wheeler battle it out for the NL. 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 +270, then a $100 wager profits you $270.

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 +270 and as low as +175. That is a difference of $95 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. As shown in the table below, you can claim $150 in bonus bets with FanDuel sportsbook by simply creating an account and winning your first wager of at least $5. Be sure to lay the $5 on a heavy favorite immediately after signing up, maximizing your chances of winning and collecting the $150 in bonus bets.

BetMGMCaesarsFanDuel
Tarik Skubal Cy Young Odds+225+190+270
Welcome BonusUp to a $1,500 First Bet on BetMGM*Up to a $1,000 First Bet on CaesarsBet $5, Get $150 in Bonus Bets 
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Bet on the Cy Young Award HereBET HEREBET HEREBET HERE

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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

101 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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