How Shohei Ohtani Signing Shifted Dodgers’ World Series Odds

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Los Angeles knows something about seismic activity. Last weekend, the Dodgers shook the baseball world by signing free agent superstar Shohei Ohtani to a contract worth $700 million. Only moments after the Internet went nuts over the news, the 2024 World Series odds shifted as a result.

The Dodgers went from +800 to +550 to win the World Series, according to Caesars Sportsbook. Similarly, over at DraftKings, the Dodgers went from +750 to win the 2024 World Series to favorites at +550. They leapfrogged the Atlanta Braves to take the top spot. Last week, odds also shifted somewhat following the trade that sent Juan Soto to the Yankees.

Even a talent such as Ohtani, who won his second Most Valuable Player Award this past season, does not guarantee a championship. The games, they need to be played, as they say. Here’s a quick look at the Dodgers’ World Series odds as they stand following the 1o-year, $700 million signing of the two-way Japanese star.

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NL Rivals Dodgers, Braves Top Favorites for Next World Series Title

Los Angeles Dodgers, +550 (Best Live Odds: )

Bet $100 on LA, and if they win the 2024 World Series, win $550. Sportsbooks have the Big Blue Wrecking Crew as the favorites to hoist the flag next fall.

Thank goodness MLB chieftains instituted the universal designated hitter a few years ago. That means Shohei can SHOW OFF his slugging bat without needing to worry about a fielder’s glove. Imagine the possible Dodger lineup manager Dave Roberts can write out in 2024:

  1. Mookie Betts, 2B
  2. Freddie Freeman, 1B
  3. Will Smith, C
  4. Shohei Ohtani, DH
  5. Max Muncy, 3B
  6. Chris Taylor, LF
  7. Jason Heyward, RF
  8. James Outman, CF
  9. Gavin Lux, SS

That’s three former MVPs and a combined four MVP awards in the top half of that lineup. Can you spell R-U-N-S?

How stacked are the Dodgers? The oddsmakers at Caesars list LA as -500 to win the NL West title. It’s clear why: the Dodgers have captured the top position in their division in 10 of the last 11 seasons.

Odds aren’t available yet for the 2025 World Series title, but with Ohtani scheduled to be back to pitching that season, the Dodgers will be among the favorites when he gets on the mound in a Dodger jersey every five games in addition to his home run pop.

Atlanta Braves, +650 (Best Live Odds: )

No change here, other than a drop below the Dodgers. The Braves have baseball’s most dangerous offense, and they are eight-deep with All-Star caliber position players.

New York Yankees, +950 (Best Live Odds: )

Tempting to jump on the pinstripe bandwagon after the Yankees acquired (another) star outfielder in Soto. But, this team has holes in the bullpen, and that .227 average and one-dimensional offense is as ugly.

Houston Astros, +1000 (Best Live Odds: )

You’re a fool if you count out the Astros, no matter who is managing the team. As long as the ageless José Altuve is still doing his thing, and Yordan Álvarez, Alex Bregman, Kyle Tucker, and Jeremy Peña are in the lineup, Houston will win their share of games. The pitching staff has depth that every team in baseball envies.

Other Notable Odds

The defending champion Rangers are +1000 (Best Live Odds: ), and the Phillies, who have their own mega-star in Bryce Harper (who has played 12 seasons but will still be just 31 on opening day), are +1100 (Best Live Odds: ).

A Brief History of Baseball’s Highest-Paid Player

  • Babe Ruth … first player to $50,000 and $100,000 AAV,  1922-34 Yankees
  • Hank Greenberg … $125,000 AAV, 1947 Pirates
  • Dick Allen … $250,000 AAV, 1973 White Sox
  • Nolan Ryan … $4.5 million for 4 yrs ($1.125m AAV), 1980 Astros
  • George Foster … topped $2 million AAX, 1982 Mets
  • Kirby Puckett … first top reach $3 million per year average, 1986 Twins
  • José Canseco … ($3.5 million AAV), 1991 A’s
  • Roger Clemens … $25.5 million for 5 yrs ($5.1m AAV), 1992 Red Sox
  • Ryne Sandberg … $28.4 million for 4 yrs ($7.1m AAV), 1993 Cubs
  • Ken Griffey Jr. … $112.5 million for 9 yrs ($12.5m AAV), 1996 Mariners
  • Albert Belle … $14m AAV, 1998 White Sox
  • Pedro Martínez … $19.5m AAV, 1999 Red Sox
  • Mike Piazza, Kevin Brown, Carlos Delgado, Manny Ramírez … leapfrogged each other for top AAV, pushing it to over $22m per in 2000
  • Álex Rodríguez … $252 million for 10 yrs ($25.2m AAV), 2001 Rangers
  • Álex Rodríguez … $275 million for 10 yrs ($27.5m AAV), 2008 Yankees
  • Giancarlo Stanton … $325 million for 13 yrs ($25m AAV), 2015 Marlins
  • Miguel Cabrera … $248 million for 8 yrs ($31m AAV), 2016 Tigers
  • Mike Trout … $426.5 million for 12 yrs ($35.5m AAV), 2019 Angels
  • Aaron Judge … $360 million for 9 yrs ($40m AAV), 2023 Yankees
  • Shohei Ohtani … $700 million for 10 yrs ($70m AAV), 2023 Dodgers

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About the Author
Dan Holmes

Dan Holmes

Writer and Contributor
Dan Holmes is a writer and contributor for Gaming Today with plenty of experience under his belt. Dan has written three books about sports and previously worked for the National Baseball Hall of Fame and Major League Baseball. Currently, Dan is residing in Michigan with his family.

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