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Dodger Blue > Dodgers News > The Los Angeles Dodgers Heavy Favorites to Win the 2024 World Series
Dodgers NewsOdds News

The Los Angeles Dodgers Heavy Favorites to Win the 2024 World Series

Staff Writer
March 7, 2024
4 Min Read
Sportsbook and Sports Betting
The Dodgers are the favorites to win the 2024 World Series according to the nation’s leading online sportsbooks heading into the season. Los Angeles loaded up this offseason by signing pitcher/DH Shohei Ohtani and pitcher Yoshinobu Yamamoto, the top two free agents on the market.
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Baseball captivates hearts across North America, and among its storied teams, the Los Angeles Dodgers stand out for their remarkable popularity and success. With the new season’s dawn, the Dodgers are positioned as the clear favorites to clinch the 2024 World Series title, stirring excitement among fans and bettors alike.

This enthusiasm is further fueled by the landmark Supreme Court ruling in May 2018, which opened the floodgates for legal sports betting in many states. As California teeters on the brink of legalizing sports betting—a market poised to burgeon into a $2.5 billion industry featuring everything from professional and college football wagering to tennis odds and, of course, baseball —Dodgers supporters may soon have the opportunity to back their team like never before.

The allure of Major League Baseball betting lies in its diversity, offering enthusiasts a plethora of ways to engage with the game. Bettors can delve into futures, moneyline bets, run-line wagers, run totals, and a wide array of player and team prop bets for both the season and individual matchups.

Baseball Futures Bets

Futures betting offers a thrilling long-term investment in the sport, allowing fans to place bets on Division, League, or World Series champions before the season starts. While futures can deliver lucrative payouts, the odds for the Dodgers to repeat their success this season are a testament to their dominance, standing at +320, making them the overwhelming favorites entering the 2024 baseball season.

Money Line Wagers

The essence of baseball betting often revolves around moneyline wagers, where the objective is to pick the game’s winner. However, understanding the payout system is crucial. Favorites are marked with a minus sign, indicating a lower payout relative to the wager, while underdogs, marked with a plus sign, offer a higher profit. For example, betting on the Dodgers against the Braves might see the Dodgers at -160, requiring a $160 bet to win $100, whereas a $100 bet on the underdog Braves at +150 would yield a $150 profit.

Run Line Wagering

Like a point spread, the run line sets the favorite to win by more than 1.5 runs and the underdog to either win outright or lose by just a single run. This betting style balances the odds, adjusting payouts to favor the underdog.

Runs Totals Betting (O/U)

Over-under bets task the bettor with predicting whether the total runs scored by both teams will exceed or fall short of a predetermined number. This form of betting focuses purely on the score, without concern for the game’s victor.

As the 2024 season unfolds, the Los Angeles Dodgers’ quest to solidify their status as baseball royalty not only captivates fans but also opens up a dynamic playground for bettors, offering diverse strategies to partake in the thrill of the game.

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