MLB Cy Young Odds For 2023 Season

Betting Favorites And History

Now that the final two weeks of the 2023 MLB regular season have arrived, Cy Young odds show the favorites pulling away from the contenders. Based on the latest American League Cy Young odds, New York Yankees ace Gerrit Cole (-1800) is a heavy favorite over Seattle ace Luis Castillo (+1100). The NL Cy Young odds race is closer with Blake Snell from the San Diego Padres (-750) and Justin Steele of the Chicago Cubs (+550) sitting at the top of the board. Below we will take a look at all of the 2023 Cy Young favorites.

Cy Young odds

MLB Cy Young odds for the 2023 season have been updated by select sportsbooks. Check out AL and NL odds below.

AL Cy Young odds

Gerrit Cole (-1800)

Despite what has turned out to be an extremely disappointing season for the New York Yankees, Cole continues to put up solid numbers as he ranks in the top 10 among all MLB pitchers in wins (13), ERA (2.81), Ks (208), and WHIP (1.05).

Luis Castillo (+1100)

The veteran right hander is up to an 13-7 record along with a 3.08 ERA and career-best 1.04 WHIP. While he’s having a bit more trouble keeping the ball in the park than recent seasons, his 27.6 percent strikeout rate and 15.5 percent swinging strike rate are both his best since the 2020 campaign. 

PlayerAL Cy Young Odds March 22AL Cy Young Odds May 4AL Cy Young Odds June 30AL Cy Young Odds August 29
Gerrit Cole+650+275+600-210
Shohei Ohtani+1200+450+1100
Shane McClanahan+1200+700+265
Luis Castillo+1700+1200+1300+280
Kevin Gausman+1600+1200+450+700
Framber Valdez+1500+2000+300+4000
Sonny Gray+8000+2200+4000+7500
Jacob deGrom+550+2500
Dylan Cease+900+2500+10000
George Kirby+5000+2500+5000+1600
Joe Ryan+4500+2500+2200
Christian Javier+1800+3500+7500
Shane Bieber+950+4000+10000
Triston McKenzie+3000+4000+15000
Nestor Cortes+4000+5000+15000
Logan Gilbert+1800+5000+10000+20000
Pablo Lopez+4000+5000+10000+5000
Alek Manoah+800+6500+20000
Luis Garcia+8000+7500
Carlos Rodon+1000+10000+15000
Robbie Ray+1600
Lucas Giolito+3500+10000+10000
Lance Lynn+4000+10000+20000
Tyler Anderson+5000+10000+15000
Michael Kopech+5000+10000+20000
Luis Severino+6000+10000+15000
Jose Urquidy+6000+10000+15000
Chris Bassitt+7000+10000+13000
Cal Quantrill+8000+10000+15000
Jon Gray+8000+10000+10000
Mike Clevinger+8000+10000+20000
Martin Perez+8000+10000+15000
Marco Gonzalez+9000+10000+15000
Brayan Bello+7000+13000+15000
Jose Berrios+7000+13000+10000+20000
Kyle Gibson+8000+13000+20000
Lance McCullers+3000+13000

NL Cy Young odds

Blake Snell (-350)

The Padres have had a considerably disappointing season, but they may yet see one of their arms walk away with some valuable hardware. Snell’s 2.43 ERA – tops among all MLB pitchers – is the second best of his career, with only the 1.89 figure that he mustered back in his 2018 AL Cy Young season with the Rays a better figure. The southpaw’s 14 wins are also his most since the 21 he garnered that year.

Justin Steele (+550)

The Chicago Cubs are in the thick of the NL Wild Card race and lefty Justin Steele is a big reason why. His 16 wins rank second among MLB pitchers with only Spencer Strider of the Braves (17 wins) ahead of him. His 16-3 record, 2.73 ERA, 164 Ks, and 165 innings pitched are all career highs.

PlayerNL Cy Young Odds March 22NL Cy Young Odds May 4 NL Cy Young Odds June 30NL Cy Young Odds August 29
Spencer Strider+950+250+750+150
Zac Gallen+1500+300+165+200
Max Fried+1000+900+10000
Clayton Kershaw+5000+1300+425+9000
Julio Urias+2000+1700+10000
Max Scherzer+800+2500+9000
Sandy Alcantara+450+2500+15000
Zach Wheeler+1200+2500+1200+5500
Justin Verlander+600+3000+10000
Dustin May+6000+3500+10000
Brandon Woodruff+1900+3500+15000
Corbin Burnes+550+4000+5500+4500
Aaron Nola+1200+4500+15000+20000
Yu Darvish+2200+5000+10000
Logan Webb+3000+5000+1200+3000
Marcus Stroman+10000+5000+1300+20000
Kodai Senga+5000+6500+15000+20000
Joe Musgrove+1900+6500+10000
Hunter Greene+4000+6500+10000
Jordan Montgomery+10000+8000+15000
Kyle Wright+3000+9000+15000
Josh Hader+6000+9000+15000
Blake Snell+3500+9000+2500+160
Taijuan Walker+10000+10000+15000
Tony Gonsolin+4000+10000+15000
Jameson Taillon+8000+10000+20000
Charlie Morton+8000+11000+15000+19000
Merrill Kelly+5000+13000+5500+15000
Sean Manaea+6000+13000+20000
Trevor Rogers+6000+13000+20000
Noah Syndergaard+10000+13000+20000
Ranger Suarez+9000+15000+12000
Adam Wainwright+10000+15000+20000
Edwin Diaz

What happened last year?

Here are how AL Cy Young odds changed throughout the course of last season.

PlayerAL Cy Young Odds April 6AL Cy Young Odds May 15AL Cy Young Odds June 30AL Cy Young Odds July 20AL Cy Young Odds August 24AL Cy Young Odds September 8
Justin Verlander+1600+500+300+260-250-155
Dylan Cease+1400+700+1500+900+330+110
Shane McClanahan+1600+1200+280+205+1000+2700
Shohei Ohtani+1800+1000+100+700+5000+4000
Alek Manoah+700+1800+6000+4000
Framber Valdez+5000+10000+6000
Kevin Gausman+1600+650+1800+1700+6500+10000
Gerrit Cole+425+750+850+800+10000+10000
Nestor Cortes+2200+3000+10000+10000
Shane Bieber+700+1400+2500+3500+10000+10000
Martin Perez+5500+6000+10000+10000
Robbie Ray+900+4000+10000+7000+10000+10000
Michael Kopech+5000+7500+10000+10000
Tarik Skubal+4000+6000+6000+9000+10000+10000
Luis Severino+6000+10000+10000+10000
Joe Ryan+7000+10000+10000+10000
Frankie Montas+2000+4000+9000+10000+10000+10000
Lucas Giolito+1000+2000+10000+10000+10000+10000
Lance McCullers+1400+10000+10000+10000+10000+10000
Jose Berrios+2000+7000+10000+10000+10000+10000
Nathan Eovaldi+2500+5000+10000+10000+10000+10000
Sonny Gray+2500+10000+10000+10000+10000+10000
Lance Lynn+3000+10000+10000+10000+10000+10000
Eduardo Rodriguez+3500+10000+10000+10000+10000+10000
Chris Sale +4000+10000+10000+10000+10000+10000
Luis Garcia+4000+8000+10000+10000+10000+10000

And here are how NL Cy Young odds changed throughout the course of last season.

PlayerNL Cy Young Odds April 6NL Cy Young Odds May 15NL Cy Young Odds June 29NL Cy Young Odds July 20NL Cy Young Odds August 24NL Cy Young Odds September 8
Sandy Alcantara+1600+3000+250-125-300-330
Max Fried+2200+2000+1100+1500+1500+900
Julio Urias+2000+4000+6000+10000+8000+900
Zac Gallen+900
Tony Gonsolin+1900+1200+800+2200
Spencer Strider+6000
Edwin Diaz+4000+7500
Max Scherzer+600+500+5000+3000+4000+9000
Corbin Burnes+700+500+500+600+950+10000
Carlos Rodon+1800+700+1700+1900+4500+10000
Zack Wheeler+1000+3000+1300+1800+8000+10000
Joe Musgrove+2500+2000+550+1200+10000+10000
Aaron Nola+1800+4000+2200+3500+10000+10000
Pablo Lopez+4000+1600+4000+10000+10000+10000
Josh Hader +5000+10000+10000+10000
Kyle Wright+5500+10000+10000+10000
Yu Darvish+4500+7500+6000+10000+10000+10000
Logan Webb+1400+3500+6500+7000+10000+10000
Sean Manaea+2200+6000+8000+10000+10000+10000
Jack Flaherty+3500+15000+10000+10000+10000+10000
Luis Castillo+4000+15000+10000+10000+10000+10000
Chris Bassitt+3000+3500+10000+10000+10000+10000
Jacob deGrom+1200+6000+10000+10000+10000+10000
Brandon Woodruff+1000+2000+10000+10000+10000+10000
Walker Buehler+800+1600+10000+10000+10000+10000

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How to bet on the Cy Young

Placing an MLB futures bet on the AL or NL Cy Young award is all about mixing risk with reward. Your bet of choice will need to stay healthy and approach both 30 starts and 200 innings in a normal 162-game season. This is made more complicated by needing to target pitchers likely to rack up more than 200 strikeouts.

Preseason odds are assigned based on past pitcher and team success, and they’ll be regularly updated throughout the season based on current performance, as well as the public’s betting action. The favorites, as seen above, generally are the aces of teams expected to get to the MLB Playoffs. Getting top value means bettors need to correctly predict who’ll be the best pitcher on the team that will best exceed their expectations.

As mentioned earlier, many teams are stocked with two or even three “aces” in their starting five. This means that come voting season these pitchers will be sharing, or splitting, votes among themselves. It’s wise to target the more proven commodities on these teams, as they’re viewed as the de facto No. 1 option by those who aren’t true fans of the team.

The odds are best before the season, and they’ll become less and less profitable as the favorites emerge mid-way through the season. Bieber, who won last season’s AL Cy Young Award, opened with +330 odds at FanDuel for this season. This would return a profit of $330 on a $100 bet if he were to go back-to-back.

Where can I bet on the Cy Young Award?

An extensive list of MLB futures odds, including AL and NL Cy Young, are available at all legal and regulated US sportsbooks, such as DraftKings Sportsbook, FanDuel Sportsbook, and PointsBet.

To access these odds, head to the primary MLB/Baseball tab at your online book of choice. From there, select Futures from a drop-down menu and proceed to Player Futures or Awards. The American and National League Cy Young contenders will be displayed on separate lists or charts. The betting options will include all pitchers (starters and relievers) the books view as viable Cy Young candidates. Emerging contenders will be added throughout the year and injured or struggling pitchers may be dropped from the options.

Two new states will offer this futures market for fans looking to bet on this award next season. Kentucky betting apps will launch in September 2023, and North Carolina betting apps will launch in early 2024.

How the Cy Young Award is decided

As discussed above, players from the same team often need to split votes. This is because the Cy Young voters from the Baseball Writers’ Association of America are chosen from each MLB city. The local BBWAA chapter chairman of each city recommends two beat writers from daily newspapers, magazines or select websites. Writers from National League cities then vote for the NL Cy Young award and writers from American League cities vote for the AL Cy Young award.

Each writer is able to submit a ballot of five players for the Cy Young award. These ballots must be submitted prior to the start of the postseason and votes are then tallied based on a points system. A first-place vote is worth 7 points. Second-place is 4 points, third is 3 points, fourth is 2 points and a fifth-place vote is worth a single point.

Unlike with the MVP awards being open to the writer/voter’s interpretation of what Most Valuable Player may mean, the Cy Young simply goes to the best pitcher from either league. To be regarded as a top contender, pitchers must remain relatively healthy all season, and reach the desired statistical milestones of each voter.

The most hotly-debated issue when it comes to who’s worth a vote is “pitcher wins”. Some writers will discredit a hurler for finishing with a win-loss record below .500, or at least below another comparable pitcher. Others base their vote(s) purely on more individual pitcher statistics such as ERA, xFIP, and strikeout and walk rates.

Cy Young betting history: recent winners

YearAL WinnerOddsNL WinnerOdds
2022Justin Verlander (HOU)+1600Sandy Alcantara (MIA)+1600
2021Robbie Ray (TOR)+20000Corbin Burnes (MIL)+4000
2020Shane Bieber (CLE)+1200Trevor Bauer (CIN)+2000
2019Justin Verlander (HOU)+1500Jacob deGrom (NYM)+350
2018Blake Snell (TB)+10000Jacob deGrom (NYM)+2500
2017Corey Kluber (CLE)+4000Max Scherzer (WAS)+350
2016Rick Porcello (BOS)+20000Max Scherzer (WAS)+10000
2015Dallas Keuchel (HOU)+15000Jake Arrieta (CHC)+4000
2014Corey Kluber (CLE)N/AClayton Kershaw (LAD)+500
2013Max Scherzer (DET)+2000Clayton Kershaw (LAD)+600
2012David Price (TB)+700R.A. Dickey (NYM)N/A
2011Justin Verlander (DET)+1000Clayton Kershaw (LAD)+1500
2010Felix Hernandez (SEA)+500Roy Halladay (PHI)+250