Chicago Cubs MLB Odds: Latest Betting on World Series, Playoffs & Futures
Stay updated with the latest Chicago Cubs MLB betting odds. Our experts provide insights on their World Series odds, playoff chances and much more.
During the 2021 MLB season, the Chicago Cubs broke up the core that won the franchise its first world series in over a century, back in 2016. Last year, the Cubs re-tooled to success, competing and contending in the National League Central Division to the very end, barely missing out on an NL Wild Card berth.
Entering 2024, the Cubs upgraded at manager, bringing in division rival Milwaukee Brewers manager, Craig Counsell. Gone are the days of Anthony Rizzo and Kris Bryant hitting in the middle of Cubs lineup, but now Cody Bellinger and Dansby Swanson lead a deep group, while southpaw pitchers Justin Steele and Japanese import Shota Imanaga headline the pitching staff. Can the Chicago Cubs build on last season and become a playoff squad?
In this article, we help answer that question and so much more, as we dive into all things Cubs odds. We begin with a futures discussion, including Cubs playoff odds, before detailing specific MLB player award odds, how and where to bet on the Cubs and historical betting trends.
⚾ Chicago Cubs Odds: Futures Markets
There are countless ways to approach the Cubs betting odds, and first we examine the primary team-focused markets.
Chicago Cubs Odds to Win the World Series
Starting with the big question: What are the Cubs odds to win the World Series in 2024? After a three-way tie for eighth in odds (Toronto Blue Jays, Seattle Mariners and Minnesota Twins at +2000), the Chicago Cubs World Series odds are technically ninth out of 30 teams to begin the season. The Cubs World Series odds carry a +2500 price tag at DraftKings Sportsbook.
So, a $10 bet on the Cubs to Win the World Series (+2500 at DraftKings) ✔️ profits $250 if they do.
Only three NL teams carry better World Series odds than the Cubs. The Los Angeles Dodgers (+350) and Atlanta Braves (+450) lead all teams in odds, before a considerable drop to the Philadelphia Phillies (+1500). If anything, the Cubs odds to win the World Series 🏆 offer plenty of value.
Chicago Cubs National League Winner Odds
Each of the best sports betting sites differ in odds, so even though the Cubs World Series odds at DraftKings would indicate the Cubs odds today to win the National League should be fourth of the 15 teams, FanDuel Sportsbook oddsmakers have a different take.
The Cubs betting odds to win the NL are +1700 at FanDuel ✔️, placing them fifth in the league and one spot behind division foe St. Louis Cardinals (+1600). The Dodgers carry +155 odds while the Braves carry +250 odds.
Chicago Cubs National League Central Winner Odds
The Cubs odds to win the NL Central sit at +140 at Caesars Sportsbook. So a $10 wager on the Cubs to Win the NL Central (+140 at Caesars) ✔️ returns $14 of profits if they win their division.
At Caesars Sportsbook, this leads the pack of five teams, closely followed by the Cardinals at +160. A gap exists after this, as the Cincinnati Reds (+400), Milwaukee Brewers (+850) and Pittsburgh Pirates (+1800) have significantly longer odds.
Chicago Cubs Odds to Make the Playoffs
The Cubs playoff odds heading into 2024 are favorable (-115 at Bet365 Sportsbook). You have the option to bet ‘Yes’ or ‘No’ on the Cubs odds to make the playoffs. The Cubs playoff odds - ‘No’ carry a -105 price tag at Bet365 Sportsbook.
A $11.50 wager on the Cubs to Make the Playoffs (-115 at Bet365) ✔️ returns $10 of winnings if they make the postseason. For reference to the Cubs odds to make the playoffs, the Cardinals carry -130 odds to make the playoffs at Bet365.
Chicago Cubs Season Win Totals Odds: Over/Under market
The regular season win total for the Cubs is set at 84.5. At BetMGM Sportsbook, you can bet $11.50 on the Cubs Winning Over 84.5 Games (-115 at BetMGM) ✔️ to earn $12 of winnings if they win 85+ games. This total ranks near the middle of the pack, as the Cubs odds today indicate the team should finish a couple of games over .500.
🏆 Chicago Cubs Player Prop Bet Odds
Another method of enjoying odds focused on Chicago is with individual players/awards. Rather than relying on team success with markets like the Cubs playoff odds or the Cubs odds to win the World Series, we can focus on specific players, and there is ample star-power in Chicago.
Cody Bellinger NL MVP Odds
The versatile outfielder and first baseman and 2019 NL MVP with the Los Angeles Dodgers had a resurgent campaign on a one-year deal with the Cubs in 2023. Cody Bellinger provided a thump to the middle of the Cubs order, hitting .307 with 26 home runs and an .881 OPS, while playing his usual gold standard defense. Bellinger’s 4.4 WAR was his best since that 2019 season, and now he is back with the Cubs on a three-year $80 million deal.
While the 28-year-old now has a secure contract, he won’t be in the same prove-it mode he was last season. However, Bellinger is as talented and impactful as any player in the sport when he is locked in, and considering how much the offense will depend on his production, Cody Bellinger to Win NL MVP (+10000 at FanDuel) ✔️ is a bet worthy of your consideration.
The value here is terrific for a man of his talent, especially because he is tied with Branon Nimmo of the New York Mets, Ozzie Albies of the Atlanta Braves and Elly De La Cruz of the Cincinnati Reds, with 20 other names in the league ahead of him.
Justin Steele NL Cy Young Award Odds
After a strong finish to his 2022 season, the true ace of the Chicago Cubs’ starting staff emerged in 2023, as lefty hurler Justin Steele broke out on a national level. Steele finished with a record of 16-5 in 173.1 innings and 30 starts, more importantly pitching to the tune of a 3.06 ERA and a 146 ERA+. Steele’s production earned him a fifth-place finish in the 2023 NL Cy Young race
Steele is 28 years old and in the prime of his career. With the addition of Shota Imanaga from Japan and some quality depth in the staff, Steele should be effectively crafty yet again in 2024. Justin Steele to Win NL Cy Young (+1500 at DraftKings) ✔️ is the next market within Cubs betting odds worthy of your time. Steele’s odds are tied for sixth with Kodai Senga of the New York Mets. Spencer Strider of the Atlanta Braves (+550) and Zack Wheeler of the Philadelphia Phillies (+800) are the odds leaders.
Cody Bellinger Most Home Runs Odds
The Cubs may not have been among the MLB’s leaders in home runs last season, as Cody Bellinger and Christopher Morel tied for the team lead with 26, which were 28 home runs behind the sports leader, Matt Olson of the Atlanta Braves.
However, Bellinger has hit 39 home runs and 47 home runs in two previous seasons, so the boom potential in his bat is there. If Bellinger sacrifices some batting average for power, we could see a return to the pop in his early career. At BetMGM Sportsbook, Bellinger is +10000 to lead the MLB in home runs. Aaron Judge (+375), Matt Olson (+650), Kyle Schwarber (+750) and Pete Alonso (+750) lead BetMGM’s home run leader odds.
💻 Best Chicago Cubs Betting Sites
Whether it's Cubs odds to make the playoffs or the Cubs betting odds surrounding a player award market, there is a definitive list of best MLB betting sites to bet with, and we have already provided links to each of the sportsbooks throughout this piece, thus far.
What’s better, each of the sportsbooks we highlight has a significant welcome bonus you won’t want to miss. These starting bonuses range from guaranteed boosts to first-bet insurance to bet-and-get offers, so there is truly something for everyone. We’ve shared a banner for each sportsbook where you can get started, and you can also use any of the links in this article to efficiently enroll.
🔢 How to Bet on Chicago Cubs
Once you capitalize on Cubs odds today with one or multiple of the sportsbooks above, getting started on the right foot is just as important. To help with that, we’ve provided a quick guide for you in terms of how to bet on the Cubs odds:
- Register a brand new account at each sportsbook
- Navigate to the select Cubs betting odds you want to bet on
- Click on the odds of the selection to add it your bet slip
- Enter an amount you’re comfortable risking
- Click ‘place bet’ to submit your wager
It truly is a simple process, whether you target a long-term market like the Cubs odds to win the World Series or an individual game during the season.
📍Betting on the Chicago Cubs in Illinois
Not only do we have markets like the Cubs odds to make the playoffs and much more to enjoy, but Illinois is one of the industry leaders in terms of sports betting revenue. Online sports betting has been legal in the state since June 18, 2020 and they continue to launch more and more sportsbooks.
🔢 How to Read Chicago Cubs Betting Odds & Calculate Winnings
The Cubs odds we’ve shared to this point means you’ve seen some large values with a (+) in front of it or a smaller value with a (-) in front of it, so what exactly do these values, or odds, mean? Well, let’s break down how you can calculate winnings based on a few examples of odds.
A plus sign (+) designates the market selection as an underdog; something more unlikely to occur. A minus sign (-) indicates favorable chances, or a more likely outcome.
The Cubs World Series odds at +2500 mean you profit significantly more than what you wager. A $10 bet on Chicago cashes $45 if they surprise and win the World Series. On the contrary to this example, we have the Cubs playoff odds.
With those coming in at near even-money -115 odds for ‘Yes’, this price tag requires a $115 bet to win $100, and is successful if the Cubs make the postseason in any capacity. This betting logic can be applied to any futures price you see in the Cubs betting odds.
📊 Chicago Cubs Last Year Betting Statistics: 2023 Season
| 2023 Regular Season | ||
|---|---|---|
Overall Record | Over/Under Record | Run Line Record |
83-79 | 79-78-4 | 80-81-1 |
📚 Chicago Cubs Historical Betting Records
The previous table breaks down the Cubs' betting odds relating to game-to-game 2023 history, and below, we share the Cubs' odds in the futures markets leading into each of the following seasons:
| Year | Win Total | World Series | National League | NL Central | To Make Playoffs |
|---|---|---|---|---|---|
2023 | 77.5 | +8000 | +4000 | +600 | +310 |
2022 | 74.5 | +10000 | +6600 | +1100 | +550 |
2021 | 78.5 | +4000 | +2200 | +500 | +325 |
2020 | 32.5 | +2600 | +1250 | +275 | N/A |
2019 | 87.5 | +1350 | +600 | +185 | -105 |
2018 | 93.5 | +800 | +350 | -265 | -400 |
2017 | 96.5 | +400 | +195 | -500 | -1545 |
2016 | 93.5 | +660 | +330 | -185 | -500 |
⚾ Other Team Odds in the MLB
If you’re interested in the Cubs odds today, chances are high you are familiar with the MLB’s league and division structure. If not, or if you are a little fuzzy, below is a breakdown in terms of the two leagues and the three divisions in each league. With each division hosting five teams, equating to a total of 30 MLB teams, click each team in tables below for the latest respective odds:
American League
AL East: Baltimore Orioles, Tampa Bay Rays, Toronto Blue Jays, New York Yankees and Boston Red Sox
AL Central: Minnesota Twins, Detroit Tigers, Cleveland Guardians, Chicago White Sox and Kansas City Royals
AL West: Houston Astros, Texas Rangers, Seattle Mariners, Los Angeles Angels and Oakland Athletics
National League
NL East: Atlanta Braves, Philadelphia Phillies, Miami Marlins, New York Mets and Washington Nationals
NL Central: Milwaukee Brewers, Chicago Cubs, Cincinnati Reds, Pittsburgh Pirates and St. Louis Cardinals
NL West: Los Angeles Dodgers, Arizona Diamondbacks, San Diego Padres, San Francisco Giants and Colorado Rockies
❓FAQs
❓ What Factors Can Influence Chicago Cubs Odds?
A multitude of factors influence the Cubs odds throughout a given season. For futures markets like the Cubs odds to win the World Series, significant and untimely injuries can make a huge impact. For individual games, the strength of the opponent and location of the game are major factors.
❓ Do Chicago Cubs Odds Change Throughout the Season?
Yes, of course. Based on the quality of the opponent and how the Cubs are performing, odds can vary from day-to-day, while things like Cubs playoff odds change based on long-term injuries and how teams in the NL Central and NL at-large are performing.
❓ What Trends & Statistics Should I Consider When Analyzing Chicago Cubs Odds?
Trends and statistics depend on the exact Braves betting odds you are targeting, but for individual games, consider how the teams have historically performed against one another and the starting pitching matchup for the game.
❓ What are the Chances of the Chicago Cubs Winning the World Series?
We won’t bore you with the implied probability formula, but the Cubs odds to win the World Series sit at +2500.
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