MLB Home Run Derby Odds 2023: Alonso the Favorite for 3rd Crown

Despite the absence of MLB home run leader Shohei Ohtani, the 2023 Home Run Derby at T-Mobile Park in Seattle will feature a star-studded lineup. Let’s take a look at the odds from top MLB betting sites.

Shohei Ohtani, the superstar of the Los Angeles Angels, developed a blister less than a week before the Home Run Derby, disappointing baseball fans who were looking forward to watching the MLB’s home run leader in action. Despite the setback, the Angels phenom currently leads the MLB with 31 home runs and is favored at +100 on FanDuel to finish the regular season on top.

The 2023 Home Run Derby field is packed with talent, even in the absence of Ohtani. Pete Alonso, a two-time Derby champion from the New York Mets, takes the lead, but he will face tough competition as he lost his crown to Juan Soto last year.

Home Run Derby field 2023

• Pete Alonso, 1B, New York Mets
• Randy Arozarena, OF, Tampa Bay Rays
• Mookie Betts, OF, Los Angeles Dodgers
• Vladimir Guerrero Jr., 1B, Toronto Blue Jays
• Luis Robert Jr., OF, Chicago White Sox
• Julio Rodriguez, OF, Seattle Mariners
• Adley Rutschman, C, Baltimore Orioles
• Adolis Garcia, OF, Texas Rangers

Pete Alonso of the New York Mets, who claimed victory in the event in 2019 and 2021, is the standout player in the 2023 field. He holds the record for the most home runs (174) in Home Run Derby history.

Julio Rodriguez, who has already confirmed his attendance this year, finished in second place in 2022 and will have the support of a lively Mariners home crowd. He will be accompanied by Adley Rutschman, a rising star from the Baltimore Orioles who is ranked fourth among MLB catchers in home runs at just 25 years old.

Vladimir Guerrero Jr., the standout from the Toronto Blue Jays, holds the all-time records for most home runs in a single round (40) and a single Home Run Derby (91). He will have a tough challenge ahead from Randy Arozarena, a power hitter from the Tampa Bay Rays in the AL East. Arozarena has already hit 16 home runs this season, just four away from matching his career high.

Luis Robert Jr., outfielder for the Chicago White Sox, was included in the lineup on Wednesday. Robert has had a phenomenal start to the season, hitting 25 home runs, which is almost double his previous single-season record.

Mookie Betts, outfielder for the Los Angeles Dodgers, will be making his debut in the derby. With 23 home runs already under his belt this season, Betts has some added pressure to perform well, as his mother has jokingly warned him that finishing last is not an option.

On Wednesday, Adolis Garcia of the Texas Rangers was announced as the last participant. Garcia, who has hit 21 home runs, is on track to hit the 30-homer mark for the second time in his career.

Home Run Derby 2023 odds

DraftKings was the first of our top sports betting sites to announce Home Run Derby odds on Wednesday evening, with Alonso slightly favored over Guerrero. BetMGM and Caesars followed suit on Thursday morning, along with FanDuel.

Here are the most recent odds:

The odds were last updated on Monday, July 10 at 6:45 p.m. ET.

Home Run Derby odds analysis

Many top sportsbooks in the industry are offering betting odds for the Home Run Derby 2023, giving you the chance to compare prices and find the best value bets.

The best value bet available is found on FanDuel, where Betts (+1700) is priced much higher than any other sportsbook.

I always suggest that sports bettors, regardless of their skill and interest levels, should look for the best value possible. Remember, every dollar makes a difference!

Join the SBR Home Run Derby Challenge and choose your picks for a chance to win a guaranteed prize pool.

Home Run Derby odds movement

Prices have been fluctuating at our top MLB betting sites since the market was first introduced, with most changes currently being minor adjustments.

Home Run Derby odds 2023: Favorite

Pete Alonso (+350 via Caesars)

Alonso successfully defended his Home Run Derby title in both 2019 and 2021, with the 2020 event canceled due to COVID-19. He is having one of his strongest home run seasons yet, hitting 26 home runs by the All-Star break.

Home Run Derby odds 2023: Contender

Luis Robert Jr. (+500 via DraftKings)

Robert’s odds of +550 make him a standout value, especially considering his 26 home runs in 89 games played. This is even more impressive when compared to Guerrero, who has hit 13 fewer home runs on the season.

Home Run Derby odds 2023: Long shot

Mookie Betts (+1700 via FanDuel)

Betts’ name being listed with such long odds in any significant MLB betting market is unexpected.

He advocated for his own participation in the event and, as mentioned earlier, his mother provided him with plenty of motivation. With just 86 games played this season, he is only nine home runs away from tying his career high of 35 set last season.

Other Home Run Derby odds

Home Run Derby exact outcome

Below are the odds for notable Home Run Derby exacta bets:

Total home runs hit

DraftKings and FanDuel offer a market specifically for predicting the total number of home runs hit throughout the entire three-round competition.

Total home run distance

If you’re feeling extra spirited, you can also place bets on the total distance of home runs hit at the Home Run Derby in miles.

Longest home run

DraftKings and FanDuel have introduced two new betting markets focusing on the longest home run of the evening.

Alonso hit the longest home run of the 2022 Home Run Derby, a 482-foot blast.

Gamblers have the opportunity to participate in the Home Run Derby market by wagering on head-to-head hitter matchups, predicting the player who will hit the longest home run, and guessing who will hit the most home runs in Round 1. Utilize our top live betting platforms to place bets round-by-round as soon as the derby commences.

Home Run Derby 2023 bracket

Take a glimpse at the initial round pairings for the Home Run Derby, along with the odds provided by DraftKings.

• (1) Luis Robert Jr. (-235) vs. (8) Adley Rutschman (+200)
• (4) Adolis Garcia (-140) vs. (5) Randy Arozarena (+120)
• (3) Mookie Betts (+185) vs. (6) Vladimir Guerrero Jr. (-225)
• (2) Pete Alonso (-135) vs. (7) Julio Rodriguez (+115)

The winner of the Robert-Rutschman match will advance to face the victor of the Garcia-Arozarena showdown, while the Betts-Guerrero winner will compete against either Alonso or Rodriguez.

Download our FREE printable Home Run Derby bracket here!

Home Run Derby promo codes

If you want to maximize your betting potential for the upcoming Home Run Derby on Monday, check out these three top sportsbook promotions.

Home Run Derby info

• Date: Monday, July 10, 2023
• Time: 8 p.m. ET
• Location: T-Mobile Park, Seattle, WA
• TV/Stream: ESPN, ESPN.com, MLB.com, MLB.TV

Recent Home Run Derby winners

The 2020 event has been canceled as a result of the COVID-19 pandemic.

Kentucky bettors: Sports betting is here!

Kentucky sports betting officially began on September 28th. Make sure to take advantage of the top Kentucky sportsbook promotions available now! Be sure to also explore our curated list of the best Kentucky sports betting apps.

Must be 21 or older and currently located in Kentucky. If you have a gambling problem, please call 1-800-GAMBLER.

MLB betting odds pages

Home Run Derby FAQs

When is the 2023 Home Run Derby?

The Home Run Derby for 2023 is scheduled for Monday, July 10 at T-Mobile Park in Seattle, Washington.

Who won the 2022 Home Run Derby?

In a close battle, Juan Soto emerged victorious in the 2022 Home Run Derby, edging out rookie Julio Rodriguez with a final score of 19-18.

Who is participating in the 2023 Home Run Derby?

The 2023 Home Run Derby will feature Pete Alonso, Julio Rodriguez, Adley Rutschman, Vladimir Guerrero Jr., Randy Arozarena, Juis Robert Jr., Adolis Garcia, and Mookie Betts.

Where can I bet on the 2023 Home Run Derby?

Several top sportsbooks, such as DraftKings, FanDuel, and BetMGM, will offer odds for the 2023 Home Run Derby.

Here are our best MLB betting sites:

• Caesars Promo Code: SBRBONUS1000 | Read our Caesars Review
• BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
• bet365 Bonus Code: SBRBONUS | Read our bet365 Review
• BetRivers Promo Code: SBRBONUS | Read our BetRivers Review
• FanDuel Promo Code | Read our FanDuel Review
• DraftKings Promo Code | Read our DraftKings Review

21 years and older. If you have a gambling problem, please call 1-800-GAMBLER. Bonuses cannot be used in Ontario.

Related pages

• Best Sports Betting Sites | Best Underscoreg Promos (U.S. only)