Tarik Skubal won his arbitration case with the Detroit Tigers and will earn $32 million in 2026. The Tigers also ponied up for fellow left-hander Framber Valdez, with a three-year, $115-million contract.
Detroit now has the betting favorite to win the AL Cy Young and another pitcher considered a realistic contender.
Meanwhile, the odds haven't shifted on the National League side of things, except for Atlanta Braves right-hander Spencer Schwellenbach dropping off the board after he was placed on the 60-day injured list with an elbow injury.
Let's look at the latest MLB odds for the 2026 MLB Cy Young races.
Odds to win AL Cy Young award 2026
| Player | |
|---|---|
 Tarik Skubal | <<+350>> |
 Garrett Crochet | <<+425>> |
 Jacob deGrom | <<+1300>> |
 Cole Ragans | <<+1300>> |
 Hunter Brown | <<+1300>> |
 Max Fried | <<+1700>> |
 Bryan Woo | <<+2000>> |
| Logan Gilbert | <<+2000>> |
| Framber Valdez | <<+2200>> |
 Gavin Williams | <<+2500>> |
 Kyle Bradish | <<+3000>> |
 Joe Ryan | <<+3000>> |
 Dylan Cease | <<+3500>> |
| Ranger Suarez | <<+3500>> |
| Carlos Rodon | <<+4000>> |
| Trevor Rogers | <<+4000>> |
| Kevin Gausman | <<+4000>> |
| MacKenzie Gore | <<+4000>> |
| Nathan Eovaldi | <<+4000>> |
| George Kirby | <<+4000>> |
 Jose Soriano | <<+4500>> |
| Bryce Miller | <<+5000>> |
| Cam Schlittler | <<+5000>> |
| Pablo Lopez | <<+5000>> |
Odds last updated on 2-12.
Odds to win NL Cy Young award 2026
| Player | |
|---|---|
 Paul Skenes | <<+225>> |
 Yoshinobu Yamamoto | <<+500>> |
 Cristopher Sanchez | <<+1000>> |
 Chris Sale | <<+1400>> |
 Hunter Greene | <<+1400>> |
| Blake Snell | <<+1500>> |
 Logan Webb | <<+2000>> |
 Zack Wheeler | <<+2000>> |
| Spencer Strider | <<+3000>> |
| Shohei Ohtani | <<+3000>> |
 Brandon Woodruff | <<+3000>> |
 Freddy Peralta | <<+3000>> |
| Jesus Luzardo | <<+3000>> |
| Jacob Misiorowski | <<+3000>> |
| Nolan McLean | <<+3500>> |
| Tyler Glasnow | <<+3500>> |
 Michael King | <<+4000>> |
| Nick Pivetta | <<+4500>> |
| Nick Lodolo | <<+4500>> |
 Eury Perez | <<+4500>> |
| Mitch Keller | <<+5000>> |
Odds last updated on 2-12.
Covers MLB betting tools
Previous Cy Young Award winners
Here are the last 10 winners of the AL and NL Cy Young Award, with Detroit, Cleveland, Houston, Washington, and the New York Mets each leading the way with two. Overall, the Brooklyn/Los Angeles Dodgers have the most Cy Youngs all time (12), followed by the Milwaukee/Atlanta Braves with eight and the Philadelphia Phillies, Boston Red Sox, and Mets with seven apiece.
Previous AL Cy Young winners
| Year | American League Winner |
|---|---|
| 2025 |  Tarik Skubal |
| 2024 | Tarik Skubal |
| 2023 | Gerrit Cole |
| 2022 | Justin Verlander |
| 2021 | Robbie Ray |
| 2020 | Shane Bieber |
| 2019 | Justin Verlander |
| 2018 |  Blake Snell |
| 2017 | Corey Kluber |
| 2016 | Rick Porcello |
Previous NL Cy Young winners
| Year | National League Winner |
|---|---|
| 2025 |  Paul Skenes |
| 2024 | Chris Sale |
| 2023 | Blake Snell |
| 2022 |  Sandy Alcantara |
| 2021 | Corbin Burnes |
| 2020 | Trevor Bauer |
| 2019 | Jacob deGrom |
| 2018 | Jacob deGrom |
| 2017 |  Max Scherzer |
| 2016 | Max Scherzer |
Pitchers with multiple Cy Young awards
Twenty-two pitchers have won multiple Cy Young Awards, led by Roger Clemens' seven trophies. Of those 22 winners, five are still active in the majors.
| Pitcher | Number of Cy Young Awards (Years) |
|---|---|
| Roger Clemens | 7 (1986, 1987, 1991, 1997, 1998, 2001, 2004) |
| Randy Johnson | 5 (1995, 1999, 2000, 2001, 2002) |
| Steve Carlton | 4 (1972, 1977, 1980, 1982 |
| Greg Maddux | 4 (1992, 1993, 1994, 1995) |
| Seven different pitchers | 3 |
| 12 different pitchers | 2 |
Popular MLB futures markets
This article originally appeared on Covers.com, read the full article here