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Gamblecode > Blog > News & Trends > MLB Home Run Derby Betting Odds and Best Bets

MLB Home Run Derby Betting Odds and Best Bets

The team By The team 14 July 2025 4 Min Read
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MLB Home Run Derby Betting Odds and Best Bets
Oddsmakers see Seattle's Cal Raleigh as the favorite in the 2025 MLB Home Run Derby, which begins tonight at 8 p.m. ET. Oddsmakers see Seattle's Cal Raleigh as the favorite in the 2025 MLB Home Run Derby, which begins tonight at 8 p.m. ET. Orlando Ramirez/Getty Images

Introduction to the MLB Home Run Derby

The annual MLB Home Run Derby is an event that excites both die-hard baseball fans and casual observers. This year’s competition, taking place at Truist Park in Atlanta, features a compelling eight-man field with several intriguing storylines. One of the most notable participants is Mariners star Cal Raleigh, who has been on a record-breaking pace, nearly surpassing Barry Bonds’ longstanding record for most home runs in the first half of an MLB season.

Contents
Introduction to the MLB Home Run DerbyCompetitors and Their ChancesHow to Watch the MLB Home Run DerbyMLB Home Run Derby Betting OddsNotable Participants and Their ProspectsBest Home Run Derby Value Bet: James WoodBest Home Run Derby Longshot Bet: Matt OlsonConclusion

Competitors and Their Chances

The odds for the competition are led by Cal Raleigh, Oneil Cruz, and James Wood, with all three having odds of 4-to-1 or shorter at most sportsbooks. This suggests that the competition is wide open, with no clear favorite to win. The lack of previous derby experience for all but Matt Olson, who had a first-round exit in 2021, adds to the unpredictability of the outcome.

How to Watch the MLB Home Run Derby

For those interested in watching the event, it will start at 8 p.m. ET and will be broadcast on ESPN/ESPN2.

MLB Home Run Derby Betting Odds

The betting odds for the eight participants, as of Monday afternoon, are as follows:

  • Cal Raleigh: +300 (FanDuel), +295 (DraftKings), +275 (bet365)
  • Oneil Cruz: +310 (FanDuel), +330 (DraftKings), +300 (bet365)
  • James Wood: +370 (FanDuel), +450 (DraftKings), +400 (bet365)
  • Byron Buxton: +850 (FanDuel), +950 (DraftKings), +800 (bet365)
  • Matt Olson: +950 (FanDuel), +800 (DraftKings), +900 (bet365)
  • Junior Caminero: +1000 (FanDuel), +1200 (DraftKings), +1200 (bet365)
  • Brent Rooker: +1000 (FanDuel), +850 (DraftKings), +1000 (bet365)
  • Jazz Chisholm: +1500 (FanDuel), +1100 (DraftKings), +1500 (bet365)

Notable Participants and Their Prospects

Cal Raleigh’s status as the favorite is justified given his historic campaign. He finished the first half of the season with 38 home runs, the second-most in MLB history before the All-Star break. His performance will be closely watched, especially considering the challenge from Oneil Cruz and James Wood. Last year’s winner, Teoscar Hernández, was a long shot, which highlights the unpredictability of the competition.

Best Home Run Derby Value Bet: James Wood

James Wood offers significant value, especially at +450 odds on DraftKings. Partnering with Nationals third-base coach Ricky Gutierrez could give him an edge. His breakout season, where he is top-10 in both home runs and RBI, makes him a popular pick. The difference in odds across sportsbooks, with +450 at DraftKings compared to +370 at FanDuel and +400 at bet365, makes him an attractive choice.

Best Home Run Derby Longshot Bet: Matt Olson

Matt Olson, at +950 odds on FanDuel, presents a promising longshot bet. His familiarity with Truist Park, hitting nine of his 17 home runs at home, could be advantageous. His better batting average, slugging percentage, and OPS at home compared to on the road suggest he might have a unique advantage in the competition.

Conclusion

The MLB Home Run Derby promises to be an exciting event, filled with talented competitors and uncertain outcomes. Whether you’re rooting for the favorites like Cal Raleigh, Oneil Cruz, and James Wood, or looking for a longshot like Matt Olson, there’s someone for every fan to cheer for. With the competition’s unpredictability and the potential for unexpected winners, this year’s derby is certainly worth watching.

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