MLB Cy Young Odds 2026: Have Schlittler and The Miz Secured Top Pitching Honors?

With only one week left in the regular season, the 2026 Cy Young races appear almost settled, with Cam Schlittler and Jacob Misiorowski commanding the AL and NL markets, respectively. Both pitchers have built enormous leads, but sportsbooks are still offering odds on several challengers.

Could a late-season surge from someone like Dylan Cease, Chris Sale or Cristopher Sánchez actually make the final week interesting? We examine the remaining contenders in the latest MLB Cy Young odds.

Here’s a dive into our AL and NL Cy Young odds from the best sportsbooks, plus a breakdown of how to bet and our MLB picks for the market.

⚾ 2026 AL Cy Young odds

Player	Current Odds	Implied Probability
Cam Schlittler	-50000	99.80%
Dylan Cease	+3300	2.94%
Sonny Gray	+10000	0.99%
Drew Rasmussen	+10000	0.99%

AL Cy Young odds provided by bet365 – accurate as of September 21

⚾ 2026 NL Cy Young odds

Player	Current Odds	Implied Probability
Jacob Misiorowski	-10000	99.01%
Chris Sale	+2000	4.76%
Cristopher Sanchez	+8000	1.23%
Yoshinobu Yamamoto	+8000	1.23%

NL Cy Young odds provided by bet365 – accurate as of September 21

MLB Cy Young Odds Favorites

  Cam Schlittler odds to win AL Cy Young | -50000

Cam Schlittler has all but wrapped up the AL Cy Young race, with the Yankees right-hander continuing to dominate as the regular season enters its final week. Schlittler is now 14-6 with a 1.94 ERA, 234 strikeouts and a 0.91 WHIP across 190.2 innings. He has allowed just two earned runs over his last three starts, striking out 24 across 19 innings, including six against Arizona in his latest outing.

That recent stretch has helped Schlittler pull further away from the rest of the Cy Young field. He leads the AL in ERA, innings and WHIP while ranking third in strikeouts, giving him a remarkably strong statistical profile heading into the final week.

With Schlittler’s award case essentially settled, attention can turn toward what the Yankees can accomplish in October. New York remains in the postseason picture, and Schlittler’s emergence gives the Yankees a dominant arm at the front of the rotation. That makes the Yankees’ World Series odds worth monitoring as the regular season enters its final week.

  Jacob Misiorowski odds to win NL Cy Young | -10000

Stacking dominant performances, Jacob Misiorowski has all but locked up his position atop the NL Cy Young odds market. The Brewers right-hander enters the final week at 15-5 with a 1.86 ERA, 247 strikeouts and a 0.80 WHIP, leading the Majors in ERA, strikeouts and WHIP. He allowed just one hit and struck out four over three scoreless innings against the Orioles in his latest outing.

Misiorowski has continued to separate himself from the rest of the Cy Young field, posting a 2.23 ERA with 43 strikeouts over his last seven appearances. His overpowering fastball and ability to consistently miss bats have made him one of the most dominant pitchers in baseball, while his latest performances have helped Milwaukee set a franchise record with 98 wins.

Misiorowski’s play has also contributed to the remarkable season in Milwaukee, keeping manager Pat Murphy firmly in the conversation in the MLB Manager of the Year odds. The Brewers have already clinched the NL Central and are chasing the best record in baseball, giving Murphy another compelling case after winning the award in each of the previous two seasons.

MLB Cy Young Odds Sleeper Picks

  Drew Rasmussen odds to win AL Cy Young | +10000

Drew Rasmussen does not have much of a realistic path to overtaking Schlittler in the AL Cy Young odds race at this point, but he remains an intriguing sleeper with sportsbooks still offering odds. The Rays right-hander is 15-5 with a 2.72 ERA, 163 strikeouts and a 0.93 WHIP across 165.1 innings. He has allowed just two earned runs over his last three starts, covering 19 innings, while striking out 14.

Rasmussen has been particularly effective down the stretch, allowing just five runs across his last five starts while Tampa Bay has secured a postseason berth. His consistency has helped the Rays put together a 95-60 record entering the final week, giving Rasmussen a strong team backdrop if he can finish the season with another dominant outing.

The gap to Schlittler remains substantial, but Rasmussen’s recent form makes him one of the more notable long-shot names to monitor in the final week of the AL Cy Young race.

Yoshinobu Yamamoto odds to win NL Cy Young | +8000

Yoshinobu Yamamoto remains an intriguing, albeit longshot value bet in the NL Cy Young odds after continuing to pitch at an elite level down the stretch. The Dodgers right-hander has allowed just one run over his last two starts, striking out 17 across 14 innings. He followed a 10-strikeout, seven-inning performance against Cincinnati with an even more dominant outing Tuesday, allowing one hit and no runs over seven innings while striking out seven.

Yamamoto was also excellent throughout August, posting a 1.95 ERA over 32.1 innings while striking out 35. He worked at least six innings in four of his five starts that month, including a six-inning, one-run performance against Milwaukee and a 6.1-inning, nine-strikeout outing against Pittsburgh.

His only recent blemish came against St. Louis on Sept. 2, when he allowed four runs over seven innings. Even then, he struck out eight and carried a no-hitter into the sixth inning. With his consistency, workload and recent dominance, Yamamoto remains a compelling sleeper and potential value bet for bettors looking beyond the top names in the NL Cy Young odds.

📖 How to read MLB Cy Young odds

Reading MLB Cy Young odds is straightforward. Odds are usually presented in a format like +500 or -200. Positive odds (e.g., +500) show how much profit you’d make on a $100 bet. For example, a $100 bet at +500 odds would win you $500, plus your original $100 stake, totaling $600.

🤔 Who decides who wins the MLB Cy Young Award?

The MLB Cy Young Award is decided by the members of the Baseball Writers’ Association of America (BBWAA). Two writers from each MLB city cast their ballots by ranking their top five players. Points are awarded based on their rankings to determine the AL Cy Young Award winner and NL Cy Young Award winner.

The winners of the two Cy Young awards are typically announced in mid-November as part of a week-long series of award reveals featuring the MLB MVP, Rookie of the Year, Manager of the Year.

💰 How to bet on the MLB Cy Young odds

Placing a futures bet on the MLB Cy Young odds is a five-step process that focuses on finding the best value.

1. Choose a Bookmaker and Compare Odds

Start by comparing Cy Young odds across multiple legal sportsbooks (e.g., bet365, Stake). Odds for longshot candidates can vary significantly (+2000 vs. +2500), directly impacting your potential return. Selecting the best price ensures maximum value for your bet.

2. Sign Up and Deposit Funds

Complete the online registration with the chosen bookmaker, providing necessary personal details for identity verification. When depositing funds, consider any available welcome bonuses, as these offers can effectively reduce the risk on your initial portfolio investment.

3. Locate the Futures Market

Once logged in, navigate the bookmaker’s menu to find the market. The path is typically: MLB → Futures → Regular Season Awards or Awards → AL Cy Young and NL Cy Young.

4. Select Your Bets and Enter Stakes

Identify your 3-4 preferred longshot players and click on their odds to add them to your bet slip. For each selection, enter the same wagering amount (stake) to create your diversified portfolio. It is crucial to place these as individual straight bets, not a parlay.

5. Review and Place the Bet

Before finalizing, review the bet slip to confirm the players, the locked-in odds, and the total amount risked. Once satisfied, submit the bets to secure your longshot odds for the entire MLB season.

💸 Key Betting Strategies for MLB Cy Young Odds

The following three strategies focus on maximizing value, managing risk and exploiting market inefficiencies across the MLB Season.

1. The Preseason Portfolio (Maximizing Odds)

The core of this strategy is maximizing initial value by placing multiple, small, diversified bets immediately after the odds are released. Your focus should be on 3 to 4 longshot players who are in situations offering high-volume opportunities (e.g., a lock as the No. 1 starter heading into Spring Training). By selecting odds of +2000 or higher, you are constructing a portfolio that diversifies risk. If any one of your selections breaks out, the return on the small, pooled stake is massive.

• Example: Placing $10 on four different players —Player A (+2500), B (+4000), C (+2000), and D (+3000) results in a total risk of $40.

2. Dynamic In-Season Monitoring and Adjustment (Identifying Breakouts)

The second stage involves rigorous monitoring of your longshots during the first half of the season (April-June) to identify an odds-shortening breakout. You are tracking a sustained run of excellent production (e.g., a pitcher recording a dominant sub-2.00 ERA). This breakout performance will dramatically shift the market and prepare you for the third strategic step. Volume and consistency are the only metrics that matter here, as they validate the initial preseason bet.

• Example: Your $10 bet on Player B at +4000 sees their odds plummet to +300 after a dominant stretch where they lead all pitchers in ERA or strikeouts, confirming their status as an award contender.

3. The Calculated Mid-Season Hedge (Guaranteeing Profit)

This final, crucial strategy is pure risk management designed to lock in a guaranteed net profit. If your initial longshot has become a top favorite, you identify their closest rival and calculate the precise stake needed to place a bet on that rival. This is the “hedge bet.” The goal is to ensure that regardless of which of the two top candidates ultimately wins the award, you walk away with a guaranteed, significant return on your small initial investment, effectively taking risk off the table late in the season.

• Example: With Player B at +300, and their rival, Player E, at +500, you calculate an $80 stake on Player E. This maneuver guarantees a net profit of at least $320 (if B wins) or $390 (if E wins), securing a massive return on your initial $40 risk.

📈 MLB Cy Young Betting Trends

When wagering on the MLB Cy Young odds or any other MLB individual award futures, it is always wise to research betting trends that have been established over the years. Here is a look at some key trends to consider before placing this season’s bets.

• Five of the last 12 AL Cy Young winners have come from the AL East, suggesting Cy Young voters may reward pitchers for battling it out in baseball’s most competitive division.
• No Cy Young winner has ever won less than 10 games in a season since Eric Gagne won the NL award as a reliever in 2003 (excluding shortened 2020 season). Make sure your Cy Young pick has either won 10 games or is on track to do so before placing a bet.
• Pedro Martinez, Randy Johnson, and Blake Snell are the only pitchers in MLB history to win a Cy Young in both leagues.

Our best MLB betting sites

To make sure you get the most value on your MLB odds, go to the best MLB betting sites prior to placing your wagers throughout the regular season.

Looking for MLB insights?

If you’re looking for expert insight on the MLB, take a look at some of our other articles:

• World Series Odds
• MLB Prop Bets
• MLB Reliever of the Year Odds
• MLB Comeback Player of the Year Odds

🏆 Previous AL Cy Young Award Winners

Year	AL Cy Young	NL Cy Young
2025	Tarik Skubal	Paul Skenes
2024	Tarik Skubal	Chris Sale
2023	Gerrit Cole	Blake Snell
2022	Justin Verlander	Sandy Alcantara
2021	Robbie Ray	Corbin Burnes
2020	Shane Bieber	Trevor Bauer
2019	Justin Verlander	Jacob deGrom
2018	Blake Snell	Jacob deGrom
2017	Corey Kluber	Max Scherzer
2016	Rick Porcello	Max Scherzer

❓ MLB Cy Young Odds FAQs

Who won the MLB Cy Young Award in 2025?

Detroit Tigers ace Tarik Skubal won his second straight AL Cy Young award in 2025. Pittsburgh Pirates ace Paul Skenes won the NL Cy Young award in 2025, despite posting a record of 10-10. Both pitchers will aim to repeat in 2026.

When will the MLB Cy Young Award be decided?

The MLB Cy Young award will be voted on following the conclusion of the regular season. However, the winner won’t be announced until mid-November as part of a week-long series of award reveals featuring the MLB MVP, Rookie of the Year, Manager of the Year and Cy Young Award.

How is the MLB Cy Young Award decided?

The MLB Cy Young Awards are decided by the members of the Baseball Writers’ Association of America (BBWAA). Two writers from each MLB city cast their ballots by ranking their top five players. Points are awarded based on their rankings to determine the AL Cy Young Award winner and NL Cy Young Award winner.