Home Run Derby Odds | Betting Guide For 2024 Event In Arlington
Written By Matt Burke | Last Updated at October 1, 2025 This year's HR Derby is taking place at Globe Life Field in Arlington, Texas. Home Run Derby odds for all of the players in this year's contest are now available at top sportsbooks. Orioles shortstop Gunnar Henderson was the first player to commit to this year's Derby. Other players who will be bashing balls over the fence in Texas are Pete Alonso, Jose Ramirez, Alec Bohm, Marcell Ozuna and Bobby Witt Jr.
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Home Run Derby odds
Home Run Derby odds for the 2024 MLB contest are now available at. online sports betting sites. View HR Derby odds below.
Odds to hit longest home run
View odds to hit the longest home run in the HR Derby below.
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Home Run Derby details
The annual homage to the game's most impactful in-game event, the Home Run Derby gathers eight of the game's most prodigious sluggers to compete in a bracket-style, single-elimination tournament.
Some of the particulars of the 2024 Home Run Derby includes:
- Date: Monday, July 15 at 8 p.m. Eastern
- Location: Globe Life Field, Arlington, Texas
- Where to watch: ESPN will offer the main telecast of the Home Run Derby. ESPN2 will offer an alternate, more data-driven telecast that will include analysis on Statcast metrics.
- Prize pool: The prize pool for this year's Home Run Derby is a hefty $2.5 million. The winner of the event will collect $1 million.
- Defending champion: Vladimir Guerrero Jr.
Home Run Derby rules
The Home Run Derby has been the subject of multiple formats since its inception in 1985. This year's format will differ from last year's.
- The 2024 version will no longer feature a head-to-head format in the first round. All eight batters will hit in the first round this year with the top four players that hit the most dingers advancing to the second round.
- The second round of the Home Run Derby will feature a head-to-head format. It will be the 1 seed versus the 4 seed and the 2 seed versus the 3 seed. Seeding will be based on first round totals.
- In the HR Derby Finals, the two semifinal winners will go head-to-head. The finals are 2 minutes or 27 pitches with one timeout given.
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Wagering on the Derby: A unique proposition
Predicting who might come out on top is likely trickier than a conventional team-based bet due to the similarity in the talent levels between the majority of participants. In other words, there aren't supposed to be any pushovers or tomato cans taking their hacks in the contest (although this year, old man Albert Pujols is competing - due to his impending retirement - for mainly nostalgic reasons).
Listed odds reflect the probabilities of each player's success in the eyes of the bookmakers/betting public, as usual. But, Derby lines might be at least a tad less predictive than your standard wagering scenario. The quality of pitches a player sees and his overall endurance come into play. So too does any potential injury situation a player may come into the contest with.
Then, as is the case during any game in the season, the setting also plays a role.
Stadiums with park factors more conducive to the long ball will naturally boost the upside of every participant to a certain degree. That alone could make the outcome even more difficult to pin down.
And, participants who happen find themselves in their home ballpark would certainly carry a certain edge. Their intimate knowledge of relevant stadium specs such as dimensions, wind angles, etc. would presumably serve as valuable tools when trying to rack up the round trippers.
