New York Yankees Odds: How The Slump Impacts Oddsmakers, Bettors

Patrick Everson Sports Betting Expert

3 minute read

New York Yankees odds are always a hot commodity. The Pinstripes are annually one of the most public teams in MLB, and this year is no exception.

However, the Yankees are in quite a rut over the past few weeks. It's definitely making a difference in how bookmakers handle odds on the Yankees. But is it impacting how bettors look at the Yanks?

Here's what you need to know about New York Yankees odds during the slump: action, movement and betting trends on a game-to-game basis and in the futures market.

MLB Odds

Bronx Bummers

On June 14, New York was an MLB-leading 50-22 and riding a 13-3 hot streak. On July 11, the Yankees were 56-39 and lumbering through a 6-17 nosedive. Since June 15, that slide represented the worst record in baseball.

Interestingly, The SuperBook is seeing minimal effect on how bettors are responding to Yankees odds each game.

"The market has definitely adjusted them down, but there's no significant increase in action against or on them," SuperBook senior risk supervisor Casey Degnon said.

The Pinstripes' offense is certainly part of the current struggle. During the skid, New York scored three runs or less in 11 games, losing 10 of those matchups. But pitching hasn't been sound, either. The Yankees allowed five or more runs 15 times in that 23-game stretch, losing 14 of those games.

"Besides the team in general struggling, the starting pitching is, too. And once those pitchers' power ratings go down, the team's moneyline will follow," Degnon said.

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It's a Pitcher's Market

As SuperBook risk supervisor Chase Michaelson noted, MLB betting is all about who's on the mound. And as the above stats show, Yankees starters aren't exactly dialed in of late.

"The market bets pitchers. Carlos Rodon, Marcus Stroman and Luis Gil are all struggling. The lines for those guys are lower than they would've been a month ago, when the results were better," Michaelson said.

Take Rodon, for example. Over his last three June starts, he allowed 21 runs (20 earned) in 13 2/3 innings, losing all three. In two July starts, he allowed a semi-reasonable three runs in 5 1/3 innings of a 3-2 loss to Cincinnati, then gave up four runs in just four innings of a 5-3 setback at Tampa Bay.

So while Degnon noted that overall, bettors aren't flocking to New York's opponents, Michaelson pointed out that there are situational spots where customers are buying into the other side in Yankees odds markets.

"I know for sure the market fades Rodon every start now. Bettors will play the other team in first five innings, and they'll often bet first five innings Over," Michaelson said.

Futures Fallout

Four weeks ago, the Yankees' odds to win the AL East were a stout -400 at Fanatics Sportsbook. Baltimore was +200 and Boston a distant +20000 (200/1).

On July 12, New York was two games behind the Orioles and was even money to win the division, while Baltimore was the -130 favorite. And Boston was climbing back into the mix at +3000.

On July 16, during the All-Star break, New York (58-40) has nudged back to the favorite at -125. Baltimore is even money, and Boston is still surging at +2000.

New York remains near the top in Fanatics' World Series odds, but there's necessarily been slippage there, as well. The Yankees were the +450 second choice a month ago, trailing only the Los Angeles Dodgers. You can use our Fanatics Sportsbook promo code to see more odds on the Yankees.

The Pinstripes are now the +550 third choice. Los Angeles is the +350 favorite, followed by the Philadelphia Phillies at +400.

Further, betting has slowed on the Yankees' World Series odds. Per Fanatics Sportsbook senior editor Max Meyer, through June, New York ranked third in ticket count and second in money to win the Fall Classic.

Only Philadelphia had more money, while Philly and Baltimore were 1-2 in tickets.

Since July 1, the Yankees have taken only the sixth-most tickets and fifth-most money. And as a percentage, New York tickets (7.5%) and money (5%) in July are well behind the leaders.

Philadelphia is No. 1 in tickets since July 1, at 17.2%, and is way ahead in money at 26.9%. Baltimore is No. 2 in both tickets (16.6%) and dollars (16.5%).

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Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson