Sports

Betting On The 2024 Home Run Derby: Odds Favor Pete Alonso To Win

by
Marcus Williams
July 15, 2024

Begins At 8 PM Tonight On ESPN
The Derby Will Be Played At Globe Life Field, Home Of The Texas Rangers
Pete Alonso Is Favored To Win His Third Home Run Derby

Tonight, under the bright lights of Globe Life Field, eight of Major League Baseball’s top sluggers will attempt to knock as many home runs out of the park as they can.

More HRs are projected than usual, as Globe Life is known for giving up a lot of home runs. This year, the stadium ranks third in the Major League in hits that have escaped the outfield wall.

Juan Soto, Aaron Judge, and Shohei Ohtani were invited to participate in this year’s Derby but declined. Pete Alonso of the New York Mets is the only former winner included in the field.

Alonso is also favored to win by a significant margin at online MLB All-Star betting sites.

2024 MLB Home Run Derby Odds To Win

Pete Alonso (NYM) +300
Adolis Garcia (TEX) +425
Gunnar Henderson (BAL) +425
Marcell Ozuna (ATL) +450
Bobby Witt Jr. (KC) +500
Teoscar Hernandez (LAD) +1000
Jose Ramirez (CLE) +1200
Alec Bohm (PHI) +2000

The Mets’ first baseman won the Derby in 2019 and 2021 and will tie Ken Griffey Jr. for the all-time lead if these MLB odds are accurate. Outfielder Adolis Garcia of the Rangers is a nice sleeper candidate and is tied for second place at +425 with Gunner Henderson of the Baltimore Orioles.

Online MLB sportsbooks have ranked Garcia so highly because he’ll be swinging the bat in his home stadium. Atlanta Braves designated hitter Marcell Ozuna and shortstop Bobby Witt Jr. of the Kansas City Royals are the only other batters within consideration.

All others are listed at +1000 or higher, which means they have a 9% or less chance of winning.

2024 Home Run Derby Rules

First Round: All 8 players will compete against each other. The top four scorers advance to round 2, and the bottom four are eliminated. Tie-breakers will be awarded to the player who hit the home run with the longest distance.
Second Round: The players will be seeded from 1 through 4 based on their round 1 scores. Seed 1 will face seed 4, and seed 3 will face seed 2.
Finals: The winners of the second-round matchups will face each other in the finals.

Home Run Derby Prop Bets

Anyone looking to lay some action on MLB props for tonight’s Derby is in luck, as there are a multitude of options offered for each batter. Here are the props available for Pete Alonso, just to give an example of what’s offered right now for each participating slugger.

Longest Home Run Hit – Pete Alonso

Over 466.5 Ft -120
Under 466.5 Ft -110

Pete Alonso Highest Recorded Exit Velocity HR

Over 113.5 Mph -105
Under 113.5 Mph -125

Round 1 – Pete Alonso’s First Swing to be a Home Run

Yes +110
No -145

Round 1 – Pete Alonso Total Home Runs

Over 24.5 -120
Under 24.5 -110

Round 1 H2H – Most Home Runs – Pete Alonso v Adolis Garcia

Pete Alonso -150
Adolis Garcia +115

*H2H Odds Offered For All Other Round 1 Participants As Well

Will Pete Alonso Win the Home Run Derby?

Yes +300
No -450

Bovada provided these odds, but Home Run Derby props are offered at each of the online sportsbooks we recommend. We suggest shopping the lines and getting the highest payout possible when betting on the Derby tonight.

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