Juan Soto next team odds: Yankees losing ground in free-agency battle with Mets, Red Sox

Juan Soto’s free agency is expected to finally come to a head as five teams prepare their final bids, with the hopeful opening the checkbook to bring the 26-year-old star into the fold.

Betting odds are available on the offshore betting platform, Bovada, which has the Yankees and Mets as co-favorites to land Soto (-120 each), ahead of the Dodgers, Red Sox and Blue Jays.

The odds have been moving quite a bit since opening, as the Yankees were big favorites at the onset of free agency.

DraftKings Sportsbook previously released odds after the World Series ended and had the Yankees as -225 favorites (69.23 percent chance implied).

The Mets were second at +380 odds (20.83 percent chance implied).

DraftKings has pulled the odds, with the only books willing to take the plunge — as news is expected to drop any day now — being unregulated offshore books.

Juan Soto next team odds

The Yankees and Mets are duking it out behind the scenes to snag the star outfielder, as the -120 odds each presumes a 54.55 percent chance that either team lands Soto.

The Red Sox come in at third place with a 28.57 percent chance implied.

Obviously, for betting purposes, these lines have an insane vig (fee), with all of the betting options equaling out to an implied percentage of 168.12 percent.

That means the book is taking a 68.12 percent vig to wager on the market, which as close to highway robbery as you can get.

The information you gain from this is at least semi-interesting, considering seemingly no one is willing to wager on the Dodgers at +1200 odds despite their massive checkbooks.

In theory, if anyone on an offshore book had inside information (offshore books don’t take any personal information like name or social security number), those odds would be substantially lower given someone would undoubtedly love to snag 12/1 odds on something like this.

The Post’s Jon Heyman previously laid out why the Dodgers signing Soto and Japanese pitching prospect Roki Sasaki would be horrific for baseball.

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Soto is said to have begun eliminating teams from contention, according to his agent Scott Boras.

He is reportedly looking for a contract close to or exceeding Shohei Ohtani’s record-setting $700 million, which he signed last season.

Why Trust New York Post Betting

Erich Richter is a brazilian jiu-jitsu blue belt but he has a black belt in MMA betting. During the football season he’s showcased massive profits at The Post in the player prop market the last two seasons. While constantly betting long shots, his return on investment is 30.15 percent since 2022.