MLB Cy Young Odds 2024: Back Corbin Burnes in a Two Horse Race

• Depending which sportsbook you look at, either Corbin Burns or Tarik Skubal is the favorite to win the AL Cy Young award.

• Freddy Peralta is the majority favorite to win the NL Cy Young award on most sportsbooks

• Both the NL and AL Cy Young awards are shaping up to be a two-horse race

Throughout the course of the 2024 season, both Corbin Burnes and Tarik Skubal have been locked into a two-horse race for the AL Cy Young award. They have traded spots at the top of the market after multiple successful outings, both being pegged the favorite at different sportsbooks. Other pitchers have stayed within reach of taking the crown, yet no one has been able to take either of the top two spots. The NL Cy Young award race has been a completely different story, being prone to drastic movement throughout each week in a wide-open race for the highly coveted award. Freddy Peralta has managed to snag a majority of sportsbooks' top positions for it, yet Zack Wheeler is still firmly right behind him.

MLB Cy Young Award Odds

Odds courtesy of DraftKings Sportsbook. Click on the odds in the table below and head to DraftKings to place your bets and instantly claim $200 in bonus bets.

AL Cy Young Award Odds

NL Cy Young Award Odds

MLB Cy Young Award Predictions and Favorites to Win

NL - Freddy Peralta +500 at FanDuel

After finding himself in the top-5 for the NL Cy Young award for a majority of the season, Freddy Peralta has now made it to the top of the board after another successful outing. Zack Wheeler still finds himself at number one in a few of them, yet Peralta is now the majority favorite. For good reason as Peralta currently possesses an ERA of 1.90, a WHIP of 0.761, 33 strikeouts, just 14 hits allowed, four batters walked, and only five earned runs against. He has simply been lights out in his four games played and a big reason for the Brewers' early season success while most projections had them regressing this year. Expect Peralta to be a potential pick in next week’s Cy Young award update to hedge with our Wheeler position.

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NL - Zack Wheeler +500 at DraftKings

While Peralta has taken the lead in most sportsbooks for the NL Cy Young award, Zack Wheeler is firmly right behind him. Wheeler has found himself at this number for a majority of the season, now welcoming Peralta into the fray in what may shape up to be a two-horse race for the award. After a quick bump in the road to start his year thanks to the Phillies' middling defense, Wheeler has started to put up award-winning metrics thanks to them rounding back into elite form. This was the case last season, splitting his year with two drastic splits while the Phillies' defense went through a roller coaster of production. With Peralta playing as a lockdown pitcher, Wheeler is a pass for now as he is too reliant on his team's defense.

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AL - Tarik Skubal +600 at DraftKings

As noted in previous editions of this weekly series, the only thing that can stop Skubal from contending for the Cy Young award is his own health. Skubal has a history of injuries that has shelved him for quite some time, now looking healthier than ever as he has continued to dominate in his appearances on the mound. Of the top pitchers listed in this week’s edition, Skubal has the lowest ERA at 1.82 and WHIP at 0.742. He’s added 35 strikeouts, 17 hits allowed, and six earned runs against to his already impressive metrics as well. Opposing batters simply do not get on base against Skubal, limiting their own chances of scoring against the elite pitcher. If you did not wager on him earlier this year, he’s worth an addition this week as well.

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NL - Tyler Glasnow +900 at Caesars

After an underwhelming performance against the Nationals, Tyler Glasnow has quickly rounded back into form and has remained as a contender to win the NL Cy Young award. He has managed to minimize his self-inflicted damage by maintaining an ERA of 2.92 and a WHIP of 0.946, indicating that positive regression may continue to loom over the elite pitcher. His low WHIP indicates that opposing teams average less than one batter on base, minimizing their scoring chances to the benefit of Glasnow’s own stat line. Should the Dodgers continue to pace the rest of the league, then Glasnow’s starting production on the mound would play a major reason why.

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NL - Zac Gallen +1200 at FanDuel

After getting off to a shockingly slow start to their 2024 season, the Diamondbacks have managed to claw their way back up the divisional standings and rival the top-heavy Los Angeles Dodgers. A major factor for their slow start was due to their pitching, but not because of their ace Zac Gallen who has continued to dominate in his five appearances so far this season. His numbers have steadily regressed since his hot start, now possessing an ERA of 3.00, a WHIP of 1.296, 32 strikeouts, 27 hits allowed, and nine earned runs against. While the scoring has been minimal, regression looms over the ace as opposing teams have started to make contact at a more routine rate.

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MLB Cy Young Award Winner - My Pick

AL - Corbin Burnes +550 at DraftKings

Much like we did with Zack Wheeler in last week’s edition, now is the time to attack the top of the AL Cy Young award market as it is starting to shape up to be a two-horse race. If you managed to grab Tarik Skubal when we broke it down at the start of the season, then this is a brilliant hedge piece to add to your portfolio. Burnes has been consistent so far this season, possessing an ERA of 2.76, a WHIP of 0.920, just 22 hits allowed, 29 strikeouts, and only nine earned runs against. Burnes is a former Cy Young award winner when he claimed it back in 2021, showing a history of success as an elite pitcher. Take Burnes now to pair with our Skubal pieces, or split a wager on both of them as this may be a two-horse race to the end.

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Cy Young Award History 

With Gerrit Cole out for a majority of the year with an injury, a new face will join the long list of elite pitchers as a AL Cy Young award. As for the NL, reigning champ Blake Snell has stumbled out of the gate in his new home with the San Francisco Giants, opening the door for a new winner as well. We have not seen a repeat winner for either award since Jacob deGrom won the NL Cy Young award back to back in 2018 and 2019. In the last five years alone, Corbin Burnes is currently the only one with a chance to win the award twice in that span.

AL Cy Young Award Winners

NL Cy Young Award Winners

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 Corbin Burnes odds say that he is a -130 favorite, then you would have to wager $130 to profit $100. At his current listed odds of +550, then a $100 wager profits you $550.

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 Corbin Burnes, you can see that his odds are as high as +500 and as low as +400. That is a difference of $100 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. With the Caesars Sportsbook, you can claim up to $1,000 in bonus bets should you lose your first wager after creating an account. Be sure to collect all the mobile sportsbooks that your state has available for you, taking advantage of as many new user promotions as you can to boost your bankroll for the MLB season.

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