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MLB Cy Young Odds 2024: Now Is the Time to Bet on Spencer Strider

Written by: Kody Malstrom
Updated March 27, 2024
8 min read
  • Gerrit Cole won the AL Cy Young in 2023 but is entering the year injured

  • Blake Snell won the NL Cy Young in 2023 but is now with the San Francisco Giants

  • Spencer Strider dominated in spring training

In the previous version of this article, Gerrit Cole entered the year as the heavy favorite while he continues to dominate in peak form. That was until it was announced that he may be out for a good portion of the season with an injury, taking him out of the race for the Cy Young award. Blake Snell also found a new home, going from the San Diego Padres to the San Francisco Giants. Yoshinobu floundered in his first appearance and Spencer Strider already looks a cut above everyone else.

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. Get a $200 bonus when you sign up at FanDuel sportsbook and win your initial wager of $5 or more. 

AL Cy Young Award Odds

Player Odds
Corbin Burnes +800
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Kevin Gausman +850
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Luis Castillo +850
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Pablo Lopez +850
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Tarik Skubal +1000
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NL Cy Young Award Odds

Player Odds
Spencer Strider +380
BET HERE
Zack Wheeler +900
BET HERE
Max Fried +1200
BET HERE
Zac Gallen +1400
BET HERE
Tyler Glasnow +1400
BET HERE

MLB Cy Young Award Predictions and Favorites to Win

AL - Gerrit Cole N/A at FanDuel

The New York Yankees unfortunate luck from last year continues into the 2024 season with the news of Gerrit Cole stating that he is set to miss quite a bit of time with an injury. A devastating blow for the Yankees pitching staff as Cole is their ace, as well as Cole’s chances of repeating as a Cy Young winner. With Cole missing time, sportsbooks have taken down his odds for the time being until we get another update upon his return. Cole is a pass in this market, even if he returns quicker than anticipated.

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AL - Corbin Burnes +800 at FanDuel

With the news of Gerrit Cole missing time and Kevin Gausman nursing an injury, Corbin Burnes now finds himself on top of the AL Cy Young betting market. He had an underwhelming spring training, currently possessing an ERA of 6.75 in five games started. Certainly eyebrow-raising, but hardly a result to put much thought into due to the small sample size in preseason play. It’s a wide-open AL Cy Young race with two of the top three options hurt and Burnes looking mediocre, making you better off taking a stab at some long shots.

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AL - Kevin Gausman +850 at FanDuel

Kevin Gausman came into the year with question marks surrounding his availability, dealing with general fatigue in his throwing shoulder. He managed to avoid any structural damage, yet still decided to skip a majority of spring training. He managed to answer those questions with his return on Monday, showing that he is ready for the start of the MLB season by throwing seven strikeouts and finishing with an ERA of 3.00.. Still, it’s a lingering concern about his availability over the course of the year as missing any time will be a major blow for his Cy Young chances.

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NL - Zack Wheeler +900 at FanDuel

Zach Wheeler continued to stay hot after an impressive ending to his 2023 campaign, dominating spring training and looking every bit of a contender for the Cy Young award. His strikeout rate was low, but so was his ERA as he finished spring training with an ERA of 1.26. Batters found little success, only connecting six total times in four games with one of them being a homerun. Wheeler is an intriguing option, but he may be better off as a hedge against the next bet we are taking.

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MLB Cy Young Award Winner - My Pick

NL - Spencer Strider +450 at DraftKings Sportsbook

Normally I avoid the favorite in the futures market as it presents little value over the full course of the season. That was until Spencer Strider showed that he has somehow taken a leap in production, finishing spring training with an ERA of 0.79 and 35 strikeouts in six games. His hit rate is concerning, but he minimized the damage by only allowing two earned runs. This will be the best price we will get on Strider all season long, making it worth it to buy now as he is expected to dominate from the start. Throughout the season we may take some longer options as a hedge, but Strider is the clear number one until proven otherwise.

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Cy Young Award History 

The Cy Young award is one of the more entertaining awards to watch as pitchers seemingly evolve every year. Not only from the top of the league, but there seems to be more dangerous pitchers than ever. Winning the award shows who managed to separate themselves from the rest of them, serving as a true lockdown option in crunch time when the team needs them most. This year is more exciting than ever with big names in different settings and a wide open AL with the injury to Gerrit Cole.

AL Cy Young Award Winners

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

NL Cy Young Award Winners

Year Winner
2023 Blake Snell
2022 Sandy Alcantara
2021 Corbin Burnes
2020 Trevor Bauer
2019 Jacob 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 Strider’s odds say that he is -130 to win the Cy Young, then that means you would need to wager $130 to win $100. If you bet on his current odds of +450, then $100 would profit you $450 if he won the award.

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

There are more sportsbooks out there than ever with the legalization of sports betting and with it comes the ability to line shop. That is shown in the table below as Spencer Strider’s odds to win the Cy Young is low as +380 at FanDuel. That is a $70 difference in profit from the +450 at DraftKings, making it worth downloading every sportsbook your state has to offer. Each book also brings a unique sign-up bonus, giving you a head start with some bonus bets ahead of the MLB season.

BetMGM Caesars FanDuel
Spencer Strider Cy Young Odds +425 +400 +380
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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 Is 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

23 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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