Cole, Snell Likely to Open Among Favorites

sportsbookreview.com

16 February 2023

Cole, Snell Likely to Open Among Favorites

Gerrit Cole and Blake Snell finished the 2023 MLB season as favorites by the MLB Cy Young odds in the American and National Leagues, respectively, and both took home the honors. Read on as we tee up the 2024 Cy Young betting market while awaiting the release of odds from our best MLB betting sites.

New York Yankees ace Gerrit Cole opened the 2023 MLB regular season with the second-shortest odds to win the American League Cy Young award at +700. Despite strong efforts from the likes of Shohei Ohtani and Kevin Gausman, Cole claimed the honor when the awards were announced on Wednesday, Nov. 15.

There was a little more excitement in the National League. San Diego Padres lefty Blake Snell began the regular season with odds of +3500

Here is our look at the best 2024 Cy Young odds in the American and National Leagues (odds via our best sports betting apps).

American League Cy Young odds 2024

We're still awaiting the release of the 2024 Cy Young odds from our best sports betting sites. Expect odds to come out at some point over the winter and well in advance of spring training.

AL Cy Young betting analysis

Once the Cy Young odds are released, they'll be impacted by MLB transactions and player injuries.

Bettors are advised to fade the favorites and look at the long shots among the early futures odds.

Recent AL Cy Young winners

National League Cy Young odds 2024

We're still awaiting the release of the 2024 Cy Young odds from our best sports betting sites. Expect odds to come out at some point over the winter and well in advance of spring training.

NL Cy Young betting analysis

Once the Cy Young odds are released, they'll be impacted by MLB transactions and player injuries.

Bettors are advised to fade the favorites and look at the long shots among the early futures odds.

How to bet on the Cy Young award

Betting on the Cy Young Award in baseball involves predicting which pitchers, one from each league (American League and National League), will receive the award for being the best pitcher in their respective league. Here are steps to consider if you're interested in betting on the Cy Young Award:

Understand the Award: The Cy Young Award is given annually to the best pitchers in Major League Baseball, one for each league. Voters, which include sportswriters and broadcasters, consider several factors like a pitcher's wins, ERA, strikeouts, WHIP, innings pitched, and overall performance throughout the season.
Research pitcher performances: Analyze the statistics and performances of pitchers in both leagues. Look for pitchers who consistently have strong performances, low ERAs, high strikeout rates, and a significant number of wins.
Consider historical trends: Look at past winners and trends. Certain teams, ballparks, or leagues might favor certain types of pitchers. Consider how previous winners' stats compared to the current season's top performers.
Evaluate current season stats: Review the current season's statistics and compare them with previous years. This will help in determining which pitchers have a strong chance of winning the award based on their performance this season.
Check multiple sportsbooks: Once you've identified potential candidates, visit sports multiple sportsbooks to ensure you get the best price. They offer betting lines and odds on the Cy Young Award winners. You can place bets on the pitchers you believe have the best chance of winning.

Remember, betting on awards involves an element of prediction and risk. It's essential to stay informed about the season's developments, injuries, and performances to make informed betting decisions. Additionally, odds and betting options may vary among sportsbooks, so it's advisable to compare and find the best odds before placing your bet.

Recent NL Cy Young winners

MLB betting odds pages

MLB Cy Young FAQs

When will the Cy Young winners be announced?

The 2023 Cy Young award winners were announced on Wednesday, Nov. 15. The 2024 awards should be announced around the same time, depending on when the World Series concludes.

How does the Cy Young voting work?

The Cy Young awards are given out based on the voting from members of the Baseball Writers' Association of America. Writers from NL cities vote for the NL Cy Young, and the same is true for AL writers. In total, there are 30 votes tied to each award, with one representative from each team.

Writers submit their ballots before the beginning of the posteason. They rank their top-five selections, and points are given in descending order (first place gets seven points, second place gets four, third place gets three, fourth place gets two, and fifth place gets one). The player with the most points wins. In the event of a tie, the award is shared.

Who won the Cy Young awards in 2023?

Gerrit Cole of the New York Yankees won the American League Cy Young award in 2023.

San Diego Padres lefty Blane Snell took home the National League honors. In doing so, Snell became the seventh pitcher to win the a Cy Young in both the AL and NL.