Baseball season is basically here. So, it's time to break down 2025 World Series odds.

The Los Angeles Dodgers are once again heavy favorites to win the title this year, with the Braves, Yankees and Mets rounding out the top three at Caesars Sportsbook.

I'll break down if the Dodgers can actually repeat and my best 2025 World Series value picks below:

Who Is Favored To Win The 2025 World Series?

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Can The Dodgers Repeat as WS Champs?

The Dodgers have everything they need to steamroll back to a World Series in 2025. Los Angeles was expected to be the best team in baseball coming into 2024 and ended up being exactly that — winning the title. But, it's not like they played their best baseball all year. The Dodgers still had to work through significant injuries to Yoshinobu Yamamoto, Mookie Betts, Tyler Glasnow, and others. With top talent and elite depth, they still came out on top.

L.A. made more headlines this winter, signing two-time Cy Young Blake Snell, re-upping slugger Teoscar Hernandez, and adding top international free agents in Roki Sasaki and Hye Seong Kim. Did I mention they also added arguably the two best free agent relievers in Tanner Scott and Kirby Yates, too?

This is basically a perfect team, with the depth to survive big injuries anywhere. I don't expect the Dodgers to take any kind of step back. If anything, I think they can be even better this year.

Mets Are Overvalued After Massive Offseason

There was tons of betting action after the Mets signed Juan Soto to a 15-year, $765-million contract this offseason. And, New York's betting momentum only grew when they brought back Sean Manaea and Pete Alonso, on top of some adds.

But, I think the Mets are a touch overhyped at this point. They're better for sure, but not the fourth-best team in baseball as these odds indicate. With spring injuries to guys like Frankie Montas and Manaea, already, I think the lack of pitching depth will be exposed in Queens. I still think the Mets have the upside to compete, but I'm not taking them as a top-five WS contender.

World Series Odds Best Bet: Atlanta Braves

The Atlanta Braves won 89 games and made the playoffs last year, despite missing Spencer Strider, Ronald Acuna Jr., Austin Riley, and Ozzie Albies for large chunks of the season (and Chris Sale for the postseason). That's basically all of their best players.

Last year was Atlanta's floor, and they were still an amazing squad. We already know what this team's ceiling is (we've seen them win a World Series), so I'll get in on a bounce-back year for the Braves in 2025. If guys stay healthy, the Braves are as good as anyone.

The 2025 Atlanta Braves getting Spencer Strider, Austin Riley, Ronald Acuña Jr. and just a healthy slate for everyone in general will be like making trades without making trades.#BravesCountry pic.twitter.com/rTyaxIqnS4

— Leslie Mines (@LeslieMinesIII) October 3, 2024

World Series Odds Dark Horse: Tampa Bay Rays

I don't care what stadium they play in, the 2025 Tampa Bay Rays are going to be a lot better than last year's version. 

I'm not sure there's a team in baseball that will get more pitching talent back next year, with Shane McClanahan, Drew Rasmussen, and Shane Baz all set to return as regular rotation members in 2025.

The Rays have made the playoffs in five of the last six years, out-performing their win total in five of those seasons, so this is clearly a team the books underestimate. With a healthy rotation and another year of development for young studs like Jonny DeLuca and Junior Caminero, I expect Tampa to be right back to the scrappy underrated squad they've always been. So, at long odds, they're a great World Series value bet.

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Betting Strategy for World Series Futures

Evidence suggests waiting before placing World Series futures bets, but don't go with the chalk if you are keen on a pre-season wager. In the last 10 seasons, only three pre-season favorites (the 2020 and 2024 Dodgers and 2016 Cubs) have gone on to win the championship.

A middle-of-the-pack sweet spot has formed over the last decade or so. Four clubs (the 2017 Astros, the 2018 Red Sox, the 2021 Braves, and the 2022 Astros) all began their respective seasons with World Series odds between +1000 and +1200. I'd turn to those ranges for a pre-season bet in 2025.

Last 10 World Series Champions

The biggest long shot to win the World Series in the last decade was the 2015 Kansas City Royals. The '23 Rangers weren't far behind either, with +3200 odds to win the championship.

The Royals were coming off a season in which they dominated all the way to the World Series (not losing a single playoff game on the AL side of the bracket) and then pushed the eventual champion Giants to seven games for the title. However, they weren’t getting much respect in preseason odds the next year as KC’s +3300 Opening Day odds to win the title placed the team 17th on the board at the time.

MLB Teams with the Most World Series Titles

The New York Yankees have won the most World Series in MLB history. However, it's been a while since the Bronx Bombers added to their total. The Yankees last won a World Series in 2009, defeating the Phillies in six games.

MLB Teams That Have Never Won a World Series

Five MLB franchises have yet to win a World Series. The Seattle Mariners are the only team that’s never even been to a World Series final despite having some of the league’s best-ever players like Ken Griffey Jr., Edgar Martinez, and Ichiro Suzuki.

World Series Betting Trends