The MLB Postseason is an exciting time of year, just as the seasons change, the competition gets a little more fierce as teams battle to earn a spot in the playoffs. Naturally, sportsbooks will offer a great selection of MLB Postseason odds, where sports bettors can get some great value betting on their favorite teams.
The odds to win the MLB World Series are now available. The odds to win the World Series are likely to adjust and as they do we’ll be sure to update this page. The MLB World Series odds as of November 8, 2023:
|MLB World Series 2024|
|Los Angeles Dodgers||+800|
|San Diego Padres||+1600|
|New York Yankees||+1600|
|Toronto Blue Jays||+1600|
|Tampa Bay Rays||+1800|
|Boston Red Sox||+2800|
|New York Mets||+2800|
|St. Louis Cardinals||+4000|
|Los Angeles Angels||+8000|
|San Francisco Giants||+4000|
Each year, the MLB Postseason provides sports bettors some great opportunities to bet on elite-level games, ultimately providing added challenges to sports bettor’s strategies due to the high level and close competition.
The MLB postseason follows each MLB regular season and consists of a one-game wild-card playoff between wild card teams from each division, followed by four best of five elimination series in each division. The final step in the MLB Postseason playoff includes League Championship Series for each the American League and National League – where the winners go to the World Series.
How Do the MLB Playoffs Work?
Sixteen teams will advance to the postseason, well beyond the usual ten teams – eight from each league respectively. Four rounds will be played as per usual, but instead of a round featuring a sudden-death Wild Card Game the format will be as follows:
Wild Card Series (best-of-three, with all games at the higher seed’s home ballpark): No. 1 seed vs. No. 8; No. 2 vs. No. 7; No. 3 vs. No. 6; No. 4 vs. No. 5.
Division Series (best-of-five, with traditional 2-2-1 home/road format): Winner of 1-8 vs. Winner of 4-5; Winner of 2-7 vs. Winner of 3-6. Home-field advantage goes to the higher seed.
League Championship Series (best-of-seven, with traditional 2-3-2 home/road format): Winner of 1-4-5-8 vs. Winner of 2-3-6-7. Home-field advantage goes to the higher seed.
World Series (best-of-seven, with traditional 2-3-2 home/road format): AL champion vs. NL champion. The home-field advantage goes to the team with the superior regular-season record.
2023 MLB Postseason Playoffs Betting
When it comes to betting on the MLB Postseason, we need to go through the different betting types and create a betting strategy for the 2023 MLB Playoff season. While this year proves to be a bit different than what we’re used to, we can first take a look at what teams are in each division and how they might measure up.
AL East Division
- Baltimore Orioles
- Boston Red Sox
- New York Yankees
- Tampa Bay Rays
- Toronto Blue Jays
AL Central Division
- Chicago White Sox
- Cleveland Indians
- Detroit Tigers
- Kansas City Royals
- Minnesota Twins
AL West Division
- Houston Astros
- Los Angeles Angels
- Oakland Athletics
- Seattle Mariners
- Texas Rangers
NL East Division
- Atlanta Braves
- Miami Marlins
- New York Mets
- Philadelphia Phillies
- Washington Nationals
NL Central Division
- Chicago Cubs
- Cincinnati Reds
- Milwaukee Brewers
- Pittsburgh Pirates
- St. Louis Cardinals
NL West Division
- Arizona Diamondbacks
- Colorado Rockies
- Los Angeles Dodgers
- San Diego Padres
- San Francisco Giants
There are currently MLB Postseason odds on the winner of both league pennants. These are called MLB Pennant futures and are made available months in advance.
Odds to Win the 2023 MLB National League Pennant
*odds courtesy of MyBookie as of October 18, 2023:
|Odds to Win NL Pennant|
Odds to Win the 2023 MLB American League Pennant
*odds courtesy of MyBookie as of October 18, 2023:
|Odds to Win AL Pennant|
Betting Options During the MLB Postseason
MLB Postseason Moneyline Betting
It’s safe to say that the moneyline is the most popular betting type in any sport, and betting the moneyline during the MLB Postseason can prove to be a bit more risky, but all the more exciting! If you decide to bet the moneyline, all you have to do is to choose which team you think will win the game. There will be moneyline odds on all games in the playoffs, so you can place a moneyline wager on any or all of the MLB Postseason games.
MLB Postseason Runline Betting
While runlines or point spreads are a little more complex, betting the runline during the MLB Postseason can prove to be a smarter option if you aren’t doing well with your moneyline bets. If you’re looking at a game with a first place seed against an 8th place seed, you will see obvious underdogs and the runline may seem high, so you could get some good value betting on the underdog.This also leaves huge opportunities for upsets, which as you know, will pay out handsomely.
If the spread is +2.5/-2.5, that means that the underdog will have to win the game, or lose by less than 2 runs. If you pick the favorite, they will have to win by more than 3 runs.
MLB Postseason Totals Betting
Totals aren’t as popular when it comes to betting on the MLB Postseason playoffs because most bettors want to predict the winner of the matchup for fun, and to prove they can predict a winner. For the totals, or over/under as it’s commonly called, you will need to decide if the total combined runs for both teams in a single game will be over or under the oddsmaker’s line. If the total is 11, you will need to decide if you think both teams will score more or less than that amount collectively.
MLB Postseason Prop Betting
Proposition bets in the MLB allows for us to make some extra cash on random and unique happenings during the playoff tournament. Sportsbooks will have plenty of fun MLB Postseason props to bet on during the tournament, and many are already active right now.
MLB Postseason Prop bets allow you to bet certain instances or happenings that don’t affect the outcome of the games. You can bet on player props, which is most common - like if a certain player will hit a home run or grand slam. Or, things like how many games a certain team will win the series in, like “Astros in 3”.
Top Online Sportsbooks for Betting on the MLB Postseason Playoffs
Now that you have a better idea of how to bet on the MLB Postseason odds and popular betting options you can take advantage of during the playoffs, it’s time to choose a sportsbook to place your wagers at. We know it can be overwhelming to see so many online sportsbooks who want your business and can be stressful to try to choose the best one.
Luckily we have plenty of online sportsbook reviews to ensure you select one that’s safe, trustworthy and has plenty of MLB Postseason odds to choose from. Reviews help by showing you some important criteria you may overlook, like deposit and withdrawal options, bonus rollover requirements, and if they have a mobile site or app.
Remember to have fun betting on the 2023 MLB Postseason, and be sure to gamble responsibly.
MLB Playoffs Betting FAQs
What kind of MLB postseason bets can I make?
The MLB posteason is a huge deal, so you will find MLB odds to make the playoffs and everything that will happen during them as well. These include futures, moneylines, props, and more!
Who is the favorite for the Vegas odds for the MLB playoffs?
The favorite according to MLB playoff Vegas odds will change throughout the year. With odds in the American format, the favorite is the team with the lowest odds.
What is a good MLB playoffs betting strategy?
If you want to make the best MLB playoff bets, we recommend reading this guide and signing up at some at a top sportsbook.
How can I read MLB playoff odds?
MLB playoff odds work like odds for other sports. If a team has negative odds, they are considered an absolute favorite. All others are underdogs.
What about Fangraph MLB playoffs odds?
This is a great resource for developing your MLB playoff strategy. The graphs and analysis will help you understand MLB playoff odds.