⚾ Cy Young Odds & Favorites 2026: Skenes, Skubal Among Favorites

The latest Cy Young odds show last year's winners are well-positioned to repeat. Tarik Skubal is priced tightly with 2025 AL Cy Young runner-up Garrett Crochet, while Paul Skenes has fallen marginally behind Cristopher Sanchez in the NL, though he still sits in second by the odds.

Reigning World Series MVP Yoshinobu Yamamoto lurks closely in the NL too behind Skenes and Sanchez.

We're tracking the odds throughout the season and providing our best Cy Young bets along the way.

🔢 American League Cy Young odds 2026

Live 2026 AL Cy Young Award odds from our best MLB betting sites

✏️ American League Cy Young bets

Here are the AL Cy Young bets the SBR team is making throughout the 2026 MLB season.

Brennan: There are a few pitchers I really like in the AL this year, with Logan Gilbert, Bryan Woo, and Max Fried all profiling as solid betting options. However, it's Ragans' ceiling that I love. He's the only one of that group who can challenge Skubal and Crochet's strikeout numbers. I also like that he pitches in the AL Central with Skubal, as he could really shine for voters if he performs better if the two square off. I'm looking for a big bounce-back year from Ragans after a disappointing 2025.

🔢 National League Cy Young odds 2026

Live 2026 NL Cy Young odds from our best sports betting apps

✏️ National League Cy Young bets

Here are the NL Cy Young bets the SBR team is making throughout the 2026 MLB season.

Brennan: I was initially going to bet Cristopher Sanchez at +800, but I think he and Webb are fairly similar pitchers, and one is trading at odds that are more than twice as long. Webb was once again a stud in 2025, and the only thing missing from him capturing his first Cy Young Award is a bit of BABIP luck. Last year, his BABIP sat at an ungodly .346. Now, it's not surprising for ground-ball pitchers to have higher BABIPs, but that's absurd. If that normalizes this year and drops to around .290, he could have an ERA hovering around 2.50 with his improved strikeout stuff. That sounds like Cy Young-worthy pitching to me.

🎟️ Cy Young betting insights

Here are some early betting insights for both leagues, via BetMGM, and the top five players getting the most action.

American League Cy Young

National League Cy Young

🗠 MLB Cy Young opening odds

Odds as of November 2025.

📜 AL Cy Young betting history

📜 NL Cy Young betting history

❓ MLB Cy Young FAQs

Who are the Cy Young award odds favorites?

Tarik Skubal is the favorite to win the AL Cy Young Award, and his best odds are +300. Meanwhile, Cristopher Sanchez is the NL favorite at +400.

Who won the Cy Young awards last year?

Tarik Skubal and Paul Skenes took the honors in the AL and NL, respectively.

When will the Cy Young winners be announced?

The Cy Young Award winners last year were announced on Wednesday, Nov. 12, so we can expect a similar timeline this year.

How does Cy Young voting work?

The Cy Young awards are given out based on the voting from members of the Baseball Writers' Association of America. Writers from NL cities vote for the NL Cy Young, and the same is true for AL writers. In total, there are 30 votes tied to each award, with one representative from each team.

Writers submit their ballots before the beginning of the posteason. They rank their top-five selections, and points are given in descending order (first place gets seven points, second place gets four, third place gets three, fourth place gets two, and fifth place gets one). The player with the most points wins. In the event of a tie, the award is shared. 

Who has won the most Cy Young awards?

Roger Clemens, seven, won more Cy Young awards than any other pitcher in MLB history. Randy Johnson, five, is second on the all-time list.