New York Yankees Odds

New York Yankees 2024 Season Preview

After missing last year's postseason, the New York Yankees enter the 2024 season with high expectations. The Yankees arguably won the offseason after their historic acquisition of rising star Juan Soto, significantly bolstering the team's hitting.

Despite losing Luis Severino to the Mets and Gerrit Cole to injury, the Yankees' bullpen boasts enough talent to lead them back into the postseason behind Aaron Boone.

Led by Aaron Judge, Giancarlo Stanton, Gleyber Torres, Anthony Volpe, DJ LeMahieu, and now Juan Soto, there's a reason the Yankees are among the favorites to win the 2024 World Series.

See all of the Yankees odds, as well their win total, championship odds, and much more.

Betting on the New York Yankees

Below you can see examples for betting on the New York Yankees.

Yankees Spread (Run Line)

When betting on baseball, you’ll be faced with three standard options: the moneyline, over/under and run line.

The run line is a bet on the margin of victory, like a point spread. But because baseball is low scoring, the spread will almost always be -1.5 for the favorite and +1.5 for the underdog. The payouts for each will just be adjusted based on each team’s strength.

Here’s a brief example of a run line for a hypothetical Yankees game:

• Colorado Rockies (+1.5)
• New York Yankees (-1.5)

As shown above, the Yankees are favored by 1.5 runs against the Colorado Rockies; the minus sign (-) indicates New York is the favorite, while a plus sign (+) is used to denote the underdog. Bettors who wanted to back New York here would be “laying” those 1.5 runs, meaning for their bets to cash the Yankees would need to win by two runs or more. Bettors who selected the Rockies +1.5 would win if Colorado won outright or kept a loss to 1 run.

Yankees Moneylines

Many first time bettors are wary of run line bets, especially when riding with the hometown team. In that case, moneyline wagers are often seen as the safer way to go. A moneyline bet is a bet on who wins the game -- no run line involved.

Let’s use the same example from before to understand the moneyline better:

• Colorado Rockies +150
• New York Yankees -180

Just as with run lines, the minus sign (-) signifies a team is favored, while the plus sign (+) means a team is the underdog. The moneyline odds, written in American odds format here, indicate how big or small a favorite that team is, written in increments of $100. For example, to win $100 on the Yankees, a bettor would need to risk $180. On the flip side, a $100 bet on the Rockies would net $150 if Colorado pulled the upset.

Odds can differ from sportsbook to sportsbook, so always make sure you shop for the best line with The Action Network app.

Yankees Over/Unders

Betting on a team to win or cover a run line isn’t the only type of wager allowed on MLB games. Almost all sportsbooks will offer a total on the game, also known as an over/under. This bet is not on the winner of the contest, but on the number of runs the two teams will combine to score; sportsbooks hang a number, and bettors can wager either over or under that total.

If the number for our hypothetical Yankees-Rockies matchup was 8 runs, over bettors would require 9 points or more to cash their tickets, while those who bet the under would need 7 or fewer runs. If the two teams scored exactly 8 runs between them, that bet would push and all wagers would be refunded.

Yankees Props

Some bettors find more entertainment and success betting on more specific outcomes than the result of the game. Prop bets cover a wide market of wagers on player stats, discrete in-game events, and any style of yes/no question. Many props are bets on specific players and their performance, such as betting Aaron Judge over 1.5 hits on a given night, or betting that Gerrit Cole will strike out over 9.5 batters. Some props can be shorter term, such as betting on the number of runs scored in the first five innings or who will hit a home run. Offerings tend to vary depending on the sportsbook, so use our sportsbook reviews to find the best bet for you.

Yankees Futures

Expectations will always be high in New York for their historic ball club, so bettors will have to shop for the best line to get good odds on Yankees futures bets. Futures are bets that focus on long term outcomes, like the Yankees to win the AL East, win the American League Pennant, win the World Series, or even individual awards like winning league MVP.

How to Bet on the New York Yankees

Online sports betting is legal in the state of New York as of January 8, 2022. New York has already seen incredible traction with legal online sports betting as a variety of books have launched. The Action Network has partnerships with several of these sportsbooks that give you exclusive access to great promotions if you are located within the state.

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Want to learn more about betting in NY?

If you're a New York bettor and want to learn more about the best ways to bet on the Yankees, be sure to check out our Best NY Sports Betting App review for everything you need to know.