Major League Baseball

2024 MLB Cy Young Award odds, race: Chris Sale new NL favorite; Paul Skenes surging

Updated Jul. 22, 2024 12:22 p.m. ET

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The second half of the MLB season is here. Therefore, it's the perfect time to take a look at the odds for the Cy Young award.

In the AL, Tarik Skubal is the odds-on favorite to win the honor. His odds shortened to -130 from +100 over the last week.

Skubal is 10-3 on the season in 19 starts for the Detroit Tigers. He has a 2.41 ERA — second-lowest in the league — with 140 strikeouts. As a result of his performance so far, he was named to his first All-Star Game this season.   

Over in the NL, Chris Sale has surged to the very top. Moving to +140 from +160, the Braves' pitcher has taken the No. 1 spot from Zack Wheeler on the Cy Young oddsboard. 

Sale is 13-3 as a starter, has a 2.70 ERA and has 140 strikeouts.

Let's dive into the most recent odds at DraftKings Sportsbook.

American League Cy Young Odds: *

Tarik Skubal, Detroit Tigers: -130 (bet $10 to win $17.69 total)
Corbin Burnes, Baltimore Orioles: +225 (bet $10 to win $32.50 total)
Logan Gilbert, Seattle Mariners: +1200 (bet $10 to win $130 total)
Seth Lugo, Kansas City Royals: +1400 (bet $10 to win $150 total)
Garret Crochet, Chicago White Sox: +2200 (bet $10 to win $230 total)
Tanner Houck, Red Sox: +2800 (bet $10 to win $290 total)
Luis Castillo, Seattle Mariners: +3000 (bet $10 to win $310 total)
Jack Flaherty, Detroit Tigers: +3000 (bet $10 to win $310 total)
Cole Ragans, Kansas City Royals: +3000 (bet $10 to win $310 total)

National League Cy Young Odds: *

Chris Sale, Atlanta Braves: +140 (bet $10 to win $24 total) 
Zack Wheeler, Philadelphia Phillies: +150 (bet $10 to win $25 total)
Paul Skenes, Pittsburgh Pirates: +500 (bet $10 to win $60 total)
Ranger Suarez, Philadelphia Phillies: +1500 (bet $10 to win $160 total)
Logan Webb, San Francisco Giants: +2200 (bet $10 to win $230 total)
Tyler Glasnow, Los Angeles Dodgers: +2500 (bet $10 to win $260 total)
Max Fried, Atlanta Braves: +3500 (bet $10 to win $360 total) 
Reynaldo López, Atlanta Braves: +3500 (bet $10 to win $360 total)

* odds as of 7/18/24

One player whose odds every bettor should be eyeing is rookie phenom Paul Skenes.

On the night of his first start, Skenes had +15000 odds to win the Cy Young. Now, he has skyrocketed up the board and has the third-best odds in the NL at +500. 

Fun fact: The only rookie to win the Cy Young was Fernando Venezuela in 1981. 

RELATED: Aaron Judge, Shohei Ohtani separate from the MVP pack

Before Skenes was announced as a starter for the 2024 All-Star Game, FOX Sports Lead MLB Analyst and Hall of Fame pitching great John Smoltz said the LSU product certainly deserved the opportunity. 

"From a standpoint of excitement, yeah — and stuff and raw talent, probably yes," Smoltz said.  

"Whenever, though, you're talking about rewarding somebody for starting the All-Star Game and somebody who's pitched all year and is deserving, I think that's where the nod should go."

Who are you backing to win the Cy Young Awards this season?

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Major League Baseball

Tarik Skubal

Chris Sale

Paul Skenes

Zack Wheeler

Corbin Burnes

John Smoltz