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

Even without MLB home run leader Shohei Ohtani participating, there's still a star-studded lineup set for the 2023 Home Run Derby at T-Mobile Park in Seattle as we check out the odds from the best MLB betting sites.

Los Angeles Angels superstar Shohei Ohtani suffered a blister just under a week out from the Home Run Derby to rob baseball fans of watching MLB's home run leader put on yet another show. The Angels phenom holds the MLB lead with 31 home runs and is installed as a +100 favorite at FanDuel to finish on top at the end of the regular season.

Even without Ohtani, the 2023 Home Run Derby field is stacked. Two-time Derby champ Pete Alonso of the New York Mets leads the way, but he'll have plenty of competition once again after surrendering his crown to Juan Soto last summer.

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

The 2023 field is highlighted by Pete Alonso of the New York Mets, who won this event in 2019 and 2021 and has hit the most home runs (174) of any player in Home Run Derby history.

Julio Rodriguez – who has also confirmed his participation this year – placed second in 2022 and will have a raucous Mariners home crowd on his side. He'll be joined by fellow second-year star Adley Rutschman of the Baltimore Orioles; the 25-year-old ranks fourth among major-league catchers in home runs.

Toronto Blue Jays superstar Vladimir Guerrero Jr. owns the all-time records for home runs in a single round (40) and a single Home Run Derby (91). He'll face stiff competition from fellow AL East slugger Randy Arozarena of the Tampa Bay Rays, who already has 16 home runs this season – just four shy of his career high.

Chicago White Sox outfielder Luis Robert Jr. was added to the field Wednesday. Robert is off to a blistering start with 25 home runs, nearly twice his previous single-season high.

Los Angeles Dodgers outfielder Mookie Betts will compete in the derby for the first time. Betts, who has swatted 23 home runs so far this season, is playing with a bit more at stake than the other competitors, as his mother told him he's not allowed to finish last.

Texas Rangers outfielder Adolis Garcia was named as the final participant on Wednesday. Garcia has swatted 21 home runs and is nearly a lock to reach the 30-homer plateau for the second time in his career.

Home Run Derby 2023 odds

DraftKings was the first of our best sports betting sites to release Home Run Derby odds Wednesday evening, with Alonso set as a narrow favorite over Guerrero. BetMGM and Caesars joined the fray Thursday morning, as did FanDuel.

Here's a look at the latest odds:

(Odds updated Monday, July 10 at 6:45 p.m. ET)

Home Run Derby odds analysis

Several of the industry's best sportsbooks carry Home Run Derby 2023 odds, which means you'll have plenty of opportunity to shop for the best price – and there are value pockets already.

The most notable value play on the board comes courtesy FanDuel, which has inexplicably priced Betts (+1700) significantly higher than any other major sportsbook on the board.

As always, I recommend that sports bettors of all skill and interest levels shop around for the best value they can find; after all, every dollar counts!

Enter SBR's Home Run Derby Challenge and make your picks for a shot at the guaranteed prize pool.

Home Run Derby odds movement

Prices have been on the move at our best MLB betting sites since the initial market was first established – though, at this point in the process, those shifts are mostly incremental.

Home Run Derby odds 2023: Favorite

Pete Alonso (+350 via Caesars)

Alonso went back-to-back as the Home Run Derby champ in 2019 and 2021 (the 2020 derby was cancelled amid COVID-19). He's on pace for one of his best home run seasons under regular game conditions with 26 round-trippers at the break.

Home Run Derby odds 2023: Contender

Luis Robert Jr. (+500 via DraftKings)

Based on his 26 home runs through 89 games played, Robert stands out as a value at +550. His odds are longer than those of Guerrero, who has 13 fewer dingers on the season.

Home Run Derby odds 2023: Long shot

Mookie Betts (+1700 via FanDuel)

It's surprising to see such long odds next to Betts' name in any notable MLB betting market.

He campaigned for himself to participate in this event and as noted above, he has plenty of motivation from his mother. Through just 86 games this season, he's only nine homers back of the career high of 35 he set just last season.

Other Home Run Derby odds

Home Run Derby exact outcome

Here's a look at the odds for notable Home Run Derby exactas:

Total home runs hit

DraftKings and FanDuel also have a market devoted to how many home runs will be hit over the course of the entire three-round competition:

Total home run distance

If you're feeling particularly frisky, you can also wager on the total distance of home runs hit at the Home Run Derby in miles:

Longest home run

DraftKings and FanDuel have added a pair of markets centered around the longest home run of the night:

Alonso had the longest home run in the 2022 Home Run Derby at 482 feet.

Bettors can also attack the Home Run Derby market via head-to-head hitter matchups, the player to hit the longest home run, and the player to hit the most home runs in Round 1. Use our best live betting sites to bet round-by-round once the derby begins.

Home Run Derby 2023 bracket

Here's a look at the Home Run Derby first-round matchups, with odds courtesy 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 matchup will face the winner of the Garcia-Arozarena showdown, while the Betts-Guerrero victor will square off against either Alonso or Rodriguez.

Download our FREE printable Home Run Derby bracket here!

Home Run Derby promo codes

Looking for a way to get the most bang for your betting buck ahead of Monday's Home Run Derby? Here's a look at three of the best sportsbook promos to consider:

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

*2020 event cancelled due to the COVID-19 pandemic.

Kentucky bettors: Sports betting is here!

Kentucky sports betting launched on Sept. 28 - so sign up with the best Kentucky sportsbook promos now! And check out our list of the best Kentucky sports betting apps!

21+ and present in KY. Gambling Problem? Call 1-800-GAMBLER

MLB betting odds pages

Home Run Derby FAQs

When is the 2023 Home Run Derby?

The 2023 Home Run Derby takes place Monday, July 10 at T-Mobile Park in Seattle, Wash.

Who won the 2022 Home Run Derby?

Juan Soto narrowly won the 2022 Home Run Derby, defeating rookie Julio Rodriguez 19-18 in the final round.

Who is participating in the 2023 Home Run Derby?

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

Where can I bet on the 2023 Home Run Derby?

Many of the best sportsbooks will carry 2023 Home Run Derby odds, including DraftKings, FanDuel, and BetMGM.

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+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.

Related pages

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