Juan Soto Trade Sends Ripples Across MLB Futures Markets


Dec 7, 2023

The New York Yankees have seen a dramatic shift in MLB’s World Series odds for next year. With the acquisition of Juan Soto, the Yankees have catapulted up the odds board, now positioned as the third choice with odds of 8 to 1. Just a few days before rumors of Soto’s move began circulating, odds for the Yankees were hovering between 13 to 15 to 1.

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This rapid change caught many off guard—some missed attempts to seize the odds at 9.5 to 1, as they quickly dropped to eight. However, a few bettors managed to lock in a 12 to 1 rate before it plummeted further.

The Yankees’ odds aren’t just impressive in the context of the World Series. They are now also the favorites to clinch the American League, standing at 4 to 1, surpassing both the Houston Astros and Texas Rangers, who are tied at 5 to 1.

Yet, there’s a twist in the tale for those who missed out on the Yankees’ double-digit odds. If Shohei Ohtani signs with an American League team, it’s anticipated that the Yankees’ odds will rise again, offering a more favorable betting opportunity.

The impact of Shohei Ohtani’s decision is significant. For example, if Ohtani joins the Toronto Blue Jays, currently at 14 to 1 to win the World Series and 7 to 1 to win the American League, their odds might surpass those of the Yankees. This initial surge is expected to be an overreaction, with odds likely to stabilize as the season approaches.

Conversely, if Ohtani signs with a National League team, it will shake up the overall odds across the board, not just for the World Series but for many teams in the league. The anticipation surrounding Ohtani’s decision is high, as it promises to alter the betting landscape for the upcoming baseball season significantly.

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Thumbnail photo via Orlando Ramirez-USA TODAY Sports

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