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Dodgers move to World Series favorite after landing Shohei Ohtani

The Los Angeles Dodgers spent a staggering amount to sign superstar Shohei Ohtani. The World Series odds say it might be worth it.

Fresh off the 10-year, $700 million deal that Ohtani and the Dodgers agreed to, there was a predictable shift in the World Series odds at BetMGM. The Dodgers are the new favorites.

The Dodgers aren't an overwhelming favorite though. They moved from +700 to +600 (meaning a bettor who wagers $100 on the Dodgers to win the World Series would win $600).

Here are the World Series odds right after the report that Ohtani would be joining the Dodgers:

Dodgers +600

Atlanta Braves +650

New York Yankees +900

Houston Astros +1000

Texas Rangers +1000

So while the Dodgers moving to the front of the line in the World Series odds is notable, there was not a massive shakeup with the championship odds.