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Yankees’ World Series odds improve after recent winning streaks

Their World Series odds worsened after the start of the season, but they have improved over the past three weeks.

Oakland Athletics v New York Yankees Photo by Jim McIsaac/Getty Images

We’re only six weeks in, but this has already felt like a rollercoaster of a season. The Yankees struggled out of the gate, saw the Red Sox pull way ahead in the standings, then won 17 of 18 games. Now that they’re tied for first place in the division, let’s check in on the latest World Series odds according to Bovada.

Houston Astros +500
Boston Red Sox +600
New York Yankees +650
Arizona Diamondbacks +1000
Chicago Cubs +1000
Los Angeles Angels +1200
Cleveland Indians +1400
Los Angeles Dodgers +1400
Washington Nationals +1600
Atlanta Braves +1800
St. Louis Cardinals +2200
New York Mets +2200
San Francisco Giants +2250
Milwaukee Brewers +2500
Toronto Blue Jays +2800
Colorado Rockies +3000
Philadelphia Phillies +3000
Minnesota Twins +4400
Pittsburgh Pirates +4400
Seattle Mariners +5000
Detroit Tigers +15000
Oakland Athletics +17500
Tampa Bay Rays +20000
Texas Rangers +25000
Chicago White Sox +50000
San Diego Padres +50000
Baltimore Orioles +75000
Cincinnati Reds +75000
Kansas City Royals +75000
Miami Marlins +75000

Interestingly enough, the Yankees actually opened the season at +650. Many people expected them to build on last year’s postseason success, especially after they acquired Giancarlo Stanton, and got rid of Starlin Castro and Chase Headley. Only the Astros had better odds going into the season, but that didn’t last for long.

Right from the get-go, the Yankees were hit hard by injuries. During the first few weeks of the season, the bullpen was awful, every starting pitcher had at least one terrible outing, and several players in the lineup couldn’t get anything going at the plate. They lost three out of four games to the Orioles, were trounced by the Marlins, and were hovering around the .500 mark. As of April 23rd, the Yankees’ odds had dropped to +900, while the Red Sox improved from +1200 to +650.

Everything started to click after that. The Yankees started a four-game set against the Twins on the 23rd, and went on to sweep them. They followed that series up with a sweep of the Angels in Anaheim. Their nine-game winning streak was snapped by Houston, but they won eight straight games after that. Over the past few weeks, the bullpen has righted the ship, many injured players have returned or are close, and they closed the gap in the standings. The Yankees are finally playing like the team that everyone expected to see from the start, and their World Series odds reflect that.

Of course, that doesn’t mean that the Yankees will win the World Series. These odds don’t necessarily take team performance into account (the fact that the Dodgers’ odds haven’t dropped much despite their poor start proves that). Instead, they are based on whether people would put money on each team winning it all. Bettors are high on the Astros, Red Sox, and Yankees, though. FanGraphs agrees. Their playoff projections give the Astros a 25.2% likelihood of winning the World Series, with the Yankees and Red Sox at 14.2% and 12.7%, respectively. Fingers crossed that the Yankees can keep up this level of play and go all the way.

What do you think of the Yankees’ current World Series odds? Which do you think are entirely wrong? Let us know in the comments.