2023 MLB Cy Young odds: AL and NL favorites; Justin Steele’s odds shorten

MLB bettors know that awards season is around the corner, and the Cy Young in both leagues is up for grabs.

Shohei Ohtani was one of the favorites on the oddsboard to win the AL Cy Young before his UCL injury. That hardware could now be Gerrit Cole’s to claim.

In the National League, the competition is really heating up. Blake Snell has the best odds to win the Cy Young, but bettors need to keep Justin Steele on their radars. 

From a gambling perspective, a little more than a week ago, Steele’s odds to win the award were +1500, but now they have shortened to +300. 

Let’s look at the odds for the Cy Young Award for both leagues.

American League Cy Young Award odds*

Gerrit Cole, Yankees: -250 (bet $10 to win $14 total)
Luis Castillo, Mariners: +410 (bet $10 to win $51 total)
Sonny Gray, Twins: +1200 (bet $10 to win $130 total)
Kevin Gausman, Blue Jays: +1200 (bet $10 to win $130 total)
Framber Valdez, Astros: +4000 (bet $10 to win $410 total)

National League Cy Young Award odds*

Blake Snell, Padres: -230 (bet $10 to win $14.35 total)
Justin Steele, Cubs: +300 (bet $10 to win $40 total)
Spencer Strider, Braves: +550 (bet $10 to win $65 total)
Zac Gallen, Diamondbacks: +3000 (bet $10 to win $310 total)
Logan Webb, Giants: +7500 (bet $10 to win $760 total)

*odds as of 9/5/2023

RELATED: Cy Young award winners: Full list of pitchers by year

As FOX Sports MLB writer Deesha Thosar noted, Steele is the ace and Cy Young contender the Cubs have been waiting for.

“Steele’s overall numbers are on par with Arizona‘s Zac Gallen and San Diego‘s Blake Snell, but he doesn’t get much love from the industry at large and national baseball audiences alike, in part due to name recognition. For fans outside Wrigley-ville, Steele is not yet a household name.”

Stay tuned to FOX Sports as the action unfolds!

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