LAS VEGAS, LV (The Spread) - Could this be the year Adam Wainwright finally secures his first Cy Young Award?

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According to oddsmakers from online sports book Bovada.lv, Wainwright is the current favorite to win the Cy Young award in the National League at 3/1 odds. Reds' ace Johnny Cueto has the next-best odds at 5/1 while Zack Greinke and teammate Clayton Kershaw of the Dodgers are both 7/1, respectively. Wainwright's former teammate, Kyle Lohse of the Brewers, is 9/1.

Madison Bumgarner has overtaken Matt Cain as the ace of the Giants and is having a fantastic season. He's currently 10/1 to win the NL Cy Young, making him one of the better values in the current field. His teammate Tim Hudson is 12/1, as are Julio Teheran of the Braves, Michael Wacha of the Cardinals and Stephen Strasburg of the Nationals, respectively. 

The current long shots include Josh Beckett, who threw a no-hitter recently and is 16/1 to win the Cy Young, while teammate Hyun-Jin Ryu is 20/1 and Cliff Lee of the Phillies is 25/1.

Even though the approach is outdated, voters tend to focus on wins and earned run average when it comes to deciding the Cy Young. Wainwright, Bumgarner and Greinke currently have eight wins apiece, while Lohse is fourth with seven wins. Cueto, meanwhile, has the lowest ERA in the league with a mark of 1.68, while Hudson is second at 1.75. Teheran has an ERA of 1.83, while Wainwright has a mark of 2.31 and Wacha had an era of 2.45 before taking the mound for Thursday's game versus the Royals.

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