Toronto Blue Jays futures odds increase in busy offseason

Posted on January 25, 2021

Plenty of teams across Major League Baseball are making moves to build up their roster for the 2021 season that is a little more than two months from getting underway. The Toronto Blue Jays futures odds have increased after a busy offseason as they continue to add more pieces and build on last year’s run to the playoffs for the first time since the 2016 season.

Toronto sent a message to the rest of the MLB after its latest move to announce it is entering into win-now mode and should be a contender late in the season for years to come. On Saturday, Jan. 23, the Blue Jays announced the signing of star outfielder George Springer. The deal goes for six years and $150 million, making it the largest contract signed in the history of the organization. The previous leader in that spot was Vernon Wells in 2006.

Springer, a 31-year-old centerfielder, spent the last seven seasons with the Houston Astros. He has a career .270 batting average with 174 career home runs. The Blue Jays already expected to have a talented lineup, but Springer is set to make it that much better.

Other notable offseason moves

Earlier in the week of the Springer deal, Toronto signed relievers Tyler Chatwood and Kirby Yates to one-year deals. This offseason, the Blue Jays declined a team option for starting pitcher Chase Anderson and signed Robbie Ray to a one-year deal to the back of the rotation. Another big move included non-tendering third baseman Travis Shaw, who remains a free agent.

The Blue Jays could still be active as we get closer to Opening Day, which is scheduled to take place on April 1 with spring training on Feb. 27. Toronto could still be active at third base as well as shoring up the starting pitcher depth behind ace Hyun-Jin Ryu.

Toronto Blue Jays futures odds

The Blue Jays’ odds have jumped closer to the top at this point of the offseason compared to when the offseason began. Play Canada published an article following conclusion of the 2020 World Series that featured futures odds for the 2021 champion, though there were no odds set at that point for division and league champs.

Below is a look at where the Blue Jays stand in the futures market compared to the rest of the MLB whether it’s the American League East Division winner, American League pennant winner or the World Series champion.

All odds are via the same popular United States sportsbook.

American League East Division

After the moves throughout the offseason, Toronto still ranks third among teams in the American League East to win the division at +450 odds to finish on top. The Blue Jays are trailing behind the New York Yankees at -200 and the Tampa Bay Rays at +350. The Baltimore Orioles have +5000 odds to climb all the way to the top with the Boston Red Sox at +1600 for fourth in the division.

American League

Toronto has the seventh best odds to represent the American League in the World Series in fall 2021 at +1000. The Yankees are the favorites at +260 odds with the Detroit Tigers having the worst chance according to oddsmakers at +6000.

World Series

At the start of the offseason, Toronto opened with +4000 odds, which was a tie for 17th place among all 30 MLB teams to win the World Series. After the moves that have been made since then, the Blue Jays’ odds increased to +2500, which is a tie for 11th place along with the Cincinnati Reds. The Los Angeles Dodgers are the betting favorites at +450, while there is a three-way tie at the bottom between the Tigers, Kansas City Royals and Pittsburgh Pirates at +10000 odds.

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