Blue Jays futures odds for 2024 MLB season: Toronto favoured to return to playoffs

Last season ended with abrupt disappointment for the Toronto Blue Jays. But with a new season fast approaching, it's time to reset and look ahead.

The latest: What does the 2024 MLB season hold for Toronto, a team looking for its first playoff win since 2016? Well, the Jays are expected to return to the postseason — though the vaunted AL East could make for a bumpy ride.

Take a look at some Blue Jays futures odds on team markets for the 2024 MLB season.

Blue Jays futures odds

Pitching carried the Blue Jays pretty far in 2023, but a lack of offensive pop put a cap on their potential. This offseason, they did little externally to address their main issues, which sure seems like a bold move.

MLB oddsin the sections below are as of Feb. 19, 2024.

Regular season wins

The Jays' win total is set at 87.5 for the regular season. They have-114odds to go over or under that total.

Toronto has 89-plus wins in each of its past three regular seasons. But as previously stated, the gauntlet that is the AL East means the over on this market is no guarantee.

FanGraphs' 2024 standings projections anticipate a logjam in the Jays' division, with all four teams projected for between 80 and 88 wins. Toronto's individual projection is for 83.1 wins.

The PECOTA standings at Baseball Prospectus are more friendly to the Jays, though. By their measurement, Toronto projects to win 88.3 games.

Playoff odds

Jays have-150odds to make the playoffs and+115odds to miss the playoffs.

Despite missing out on the postseason in 2021 with 91 wins, last year's 89-win Blue Jays squad snuck in.

Few teams have rotation depth like the Blue Jays, and their enviable quartet of Kevin Gausman, Chris Bassitt, Jose Berrios and Yusei Kikuchi should keep the team in contention once again.

It's likely that at least one of the Jays, Yankees, Orioles and Tampa Bay Rays misses the postseason this year. Right now, Toronto's playoff chances are 45.8% according to FanGraphs and 64.8% according to Baseball Prospectus.

Blue Jays' AL East odds

Jays have+375odds to win the American League East.

Toronto hasn't won the AL East since 2015, back when Josh Donaldson was MVP and the team eclipsed 90 wins for the first time since its World Series-winning years.

Last year's division winners, the Orioles, figure to only be getting stronger as its young core develops. Oh, and Corbin Burnes resides in Baltimore now.

But the favourites to win the East are the Yankees (+135) after bringing in Juan Soto, Alex Verdugo and Marcus Stroman.

The Rays could be taking a step back after dealing away Tyler Glasnow, but the Jays' other top competitors are stepping up.

AL pennant odds

Jays have+900odds to win the American League.

Six AL teams sit inside 10-to-1 odds to win the pennant, led by the Astros (+450), who've done so in four of the past seven years. And they've played reached the ALCS in all seven of those seasons.

Toronto isn't remotely close to that pedigree. The Jays haven't won so much as a playoff game in their past seven seasons.

With that in mind, it's difficult to see Toronto coming out on top in the AL. But as long as the club breaks into the postseason, it'll at least have a chance.

World Series odds

Jays have+1,800odds to win the World Series.

If winning the pennant is an uphill battle, obviously winning the whole darn thing will be, too.

Neither Vladimir Guerrero Jr. nor Bo Bichette had been born when Toronto was last on top of the baseball world. Can they be the ones to bring that glory back up north?

The implied probability on +1,800 odds is 5.3%. That's a little better than the Jays' championship probability at Baseball Prospectus (4.9%) and a lot better than their probability at FanGraphs (2.5%).