World Series Odds For 2022

Sports betting is coming to Canada, as single-game sports gambling was recently legalized in the country. Online sportsbooks are in the process of locking down partnerships and finding their footing in the country, but when they get established and open up, it will be all operations in terms of sports gambling. One of the most popular betting events each year is the World Series, and fans in Toronto will finally be able to get in on the action next fall. 

Current World Series Odds For 2022

The World Series may be a long way away, but that doesn’t mean fans can’t get some bets in for the future. As it stands, with nearly a year away from the 2022 World Series, these teams are considered the favorites for the Fall Classic when it comes around in October.

Los Angeles Dodgers (+550): Many thought the Dodgers would win the World Series in 2021, but the team fell short of expectations. Well, by returning many of their best players, in addition to having one of baseball’s healthiest payrolls, the Dodgers should be right back in the mix in 2022. 

Houston Astros (+700): The Astros couldn’t pull off the World Series win against the Braves in 2021, and with Carlos Correa set to depart via free agency, this team will need to find a suitable replacement. Still, they have a surplus of talent and more postseason experience than any team in the league. 

New York Yankees (+1000): It was a disappointing season for Aaron Boone’s Yankees, but the skipper will return in 2022, as will most of the Yankees’ starters. The talent is there, but the team just needs to find some level of consistency and avoid injuries in order to make a World Series run. 

Chicago White Sox (+1100): The White Sox has a stacked lineup that was unfortunately plagued by injuries last year. With a healthy Eloy Jimenez and Luis Robert for a full season, this team should be a real threat in the postseason. 

Atlanta Braves (+1200): The Braves managed to win it all in 2021, despite the loss of Ronald Acuña Jr., arguably the team’s best player, to injury. The team was hyperactive at the trade deadline, which ended up paying dividends to their success in the World Series. Now, with a healthy Acuña back in the fold, they’ll look to repeat in 2022. 

Toronto Blue Jays (+1300): The Jays’ rebuild is all coming together and the exciting young roster could be ready to make the leap to World Series contention in 2022. If Vladimir Guerrero Jr. and Bo Bichette continue to improve, this team will be a real threat. Fans in Canada could win big with a World Series wager on the nation’s only MLB team. 

Where Can I Bet On The World Series Online?

While most online sportsbooks are still in the process of establishing themselves in Canada, Toronto is expected to have most of the major online sportsbooks available in the area. These include the likes of FanDuel, DraftKings, BetRivers, BetMGM, and BetPoints, among others. All of these sportsbooks currently offer World Series odds in the United States and will accept bets on the World Series when fully operational in Canada. 

DraftKings

DraftKings will also be at the forefront of Canada’s legal online sportsbook market and is another one of the largest players in the market. The company already provides daily fantasy opportunities in Canada and boasts a user-friendly app, a wide variety of odds, and an outstanding live-betting experience. 

BetMGM

One of the most popular American sportsbooks, BetMGM figures to be at the forefront of the Canadian online sports betting market. Like its competitors, BetMGM has an excellent mobile app and generous bonus promotion. 

BetRivers

BetRivers is expected to be one of the first operational online sportsbooks in Ontario due to it operating on the same technology as CASINO4FUN, a free-to-play gambling platform that is already live in the province. BetRivers recently introduced a mobile app for iOS, however, it still has a long way to go until it’s on the level of its competitors. 

FanDuel

When online sportsbooks are fully operational in Ontario, FanDuel is expected to be a major player. FanDuel’s Daily Fantasy operations are already active in Canada and it is one of the biggest companies in the sports betting market. Their app is user-friendly and they offer a large variety of competitive odds. 

How To Place World Series Online Bets

Registration

In order to bet on the World Series, you must register with your betting platform of choice. Users in Ontario must be 19 years or older in order to register for an account with an online sportsbook. Most online sportsbook apps will utilize GPS capabilities to verify your location. 

Deposit and Withdraw

Once registered, you will place a deposit via a debit or credit card, e-wallets such as PayPal, or at retail sportsbook locations around the province. This process is typically quite simple, and the funds should appear in your account almost instantly. As for cashing out, you can withdraw funds via e-wallet or via a deposit into your bank account. 

Placing a Bet

Once you have registered and added some funds, placing a bet is a very easy process. Simply find the selection you wish to make, select it, and choose the amount you wish to wager on it. The online sportsbook will show you what you stand to make from a successful bet as well as any other information regarding your wager. 

How World Series Betting Odds Are Calculated

US Sportsbooks and many sportsbooks operating in Canada use the American odds system. The American system denotes odds by using a “+” or “-” ahead of the odds, representing the favorite and the underdog. 

For example, as it currently stands, the Los Angeles Dodgers are favored to win the 2022 World Series with odds of +550, per BetMGM. To calculate the payout, you would divide 550 by 100, and then multiply the amount wagered. So, a bet of $50 on the Los Angeles Dodgers to win the 2022 World Series would pay out $275 + 50 (your initial wager), for a total payout of $325, if successful. 

Adversely, using the decimal system would simply require you to multiply the amount you wager by the odds displayed to determine your total payout. Therefore, if the Dodgers had odds of 6.50 via the decimal system, a successful $50 bet on the Dodgers to win the World Series would see the same payout of $325. 

Losing a bet simply results in a loss of the amount wagered, so in the previous example, should the Dodgers fail to win the World Series, you would lose the $50 you had put down. 

MLB World Series Odds And Betting

There are various types of wagers fans will be able to place on the World Series when online sportsbooks open up in Canada. 

Moneyline

Betting the moneyline is an outright prediction of who you think will win the game. This is also referred to as a straight bet. A moneyline bet for the World Series would only be available on a per-game basis. 

Points Spread

Unlike a moneyline bet, the score is all that matters with a points spread. You will wager on the favored team to win by at least a certain amount of points – in this case, runs – or the underdog team to lose by less than a certain amount of runs. 

Totals

Betting on the total refers to the total points or runs scored in the game. The sportsbook will set a figure that it thinks will be the total score of the game, and you wager whether you think the combined score will be over or under that target number. 

World Series Prop Bets

A prop bet is simply a wager that is not tied to the outcome of the game. This could be a player prop, such as the number of strikeouts a certain pitcher will get or whether a certain player will score a home run. Additionally, this could also be something as arbitrary as whether a run will be scored in a certain inning 

An example from the 2021 World Series of an interesting prop bet was Jorge Soler will win the World Series MVP. Entering the series, Soler’s odds to win it were +3500 via DraftKings, but he ended up taking home the hardware, resulting in a pretty payout for anyone who had faith in the Braves’ slugger. 

Parlay Bets

A parlay bet includes at least two or more picks and is dependent on each leg of the bet being successful in order to payout. The payout of a parlay is multiplied based on each of its parts. Typically, the more parts of a parlay, the higher the payout, though obviously, the difficulty of a successful wager increases with each leg.

What is a World Series futures bet?

A futures bet is a wager on an event that will occur at some point in the distant future, such as predicting the winner of the World Series. You don’t have to strictly bet on the winner; however, you can bet on what teams will win their division or league, or who will win the World Series MVP. Futures bets generally offer generous odds, though they won’t pay out until after the event has occurred. 

Strategies For World Series Betting

Betting on the World Series can be challenging, particularly for those who aren’t as familiar with the teams playing. Some general strategies for finding success when wagering on the Fall Classic include betting in favor of the home team, riding the hot hand, analyzing the pitching matchups, and looking for a favorable prop bet. 

Home field advantage can be a pivotal factor in the outcome of World Series games, so when in doubt, betting with the home team isn’t a bad idea. Additionally, if a player is hot heading into the game, try to find a prop bet that you feel is achievable. Pitching matchups can also be critical, and if a certain pitcher has a strong history against his opponent, it may be worth scouring the prop market to see if anything catches your eye.

Betting Odds For The World Series FAQ: 

Is betting on the World Series legal in Canada?

As of now, single-game sports betting has been legalized in Canada, on a per-province basis. So, yes, while betting on the World Series is legal in Canada, online sportsbooks are still in the process of establishing themselves in the country, and they likely won’t be accepting bets for a while longer.

Where can I bet on the World Series online?

When online sportsbooks become operational in Ontario, people in Toronto will have access to a variety of sportsbooks, including the likes of FanDuel, DraftKings, BetMGM, BetRivers, and more.

How old do I need to be to bet on the World Series?

You have to be 19 years old. In Canada, with the exception of a few specific regions, the legal age requirement to place a wager at a sportsbook is 19.

Is it safe to place a World Series bet online?

Yes. When online sportsbooks become operational in Canada, placing a bet via legal platforms will be safe. Using an offshore sportsbook, however, comes with risks.

Do online sportsbooks offer live betting during the World Series?

Yes. While it comes down to the specific platform, most online sportsbooks offer live betting during most events, including the World Series.

What kind of prop bets are there for the World Series?

A wide variety of prop bets exist for the World Series, including in-game bets, such as “Will X Player hit a home run?” or “What team will score the first run?”

Can I bet on events happening off the field?

Yes. You can place bets on events such as the ceremonial first pitch and whether it will be a strike and how long the National Anthem will last. What specific off-field events are available to bet on are decided upon by each individual sportsbook.

Who is the current World Series favorite for 2022?

The Los Angeles Dodgers entered the offseason as favorites to win it all in 2022. Other contenders include the Houston Astros, New York Yankees, Toronto Blue Jays, Atlanta Braves, and Chicago White Sox. 

When is the 2022 World Series?

The World Series will take place in October 2022, so fans have a long time to wait for any futures bets they place on next year’s Fall Classic.

About the Author

Karl Rasmussen

Karl Rasmussen is a freelance writer based in Portland, Oregon. He's written for various media outlets primarily focusing on sports and entertainment. Karl is a passionate fan of the New York Yankees, New York Jets, Portland Trail Blazers, Oregon Ducks, and Tottenham Hotspur.