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(The Spread) – As baseball gears up for its second half, oddsmakers have released odds for the 2012 National League Cy Young Award, where R.A. Dickey is currently favored.

Dickey, who has come out of nowhere to pitch spectacularly this season, is now 6/5 to win the 2012 NL Cy Young award, while San Francisco Giants’ ace Matt Cain has the next best odds at 4/1. Cincinnati Reds’ ace Johnny Cueto is 9/2 to win the NL Cy Young award this season, while James McDonald of the Pittsburgh Pirates is 6/1.

The two long shots are Washington Nationals phenom Stephen Strasburg is 15/2 and Philadelphia Phillies’ starter Cole Hamels, who is 12/1. Hamels, of course, has come up in trade rumors over the past couple of weeks, although reports state that the Phillies may choose to re-sign him to a new long term deal.

View 2012 World Series Odds

Dickey has the seventh best ERA in Major League Baseball with a 2.40 mark, while Cain has the 11th best ERA at 2.62. Strasburg’s ERA is 2.82, Gonzalez’s is 2.92 and Cueto’s ERA is 2.39. Both Dickey and Gonzalez have the most wins in all of baseball with 12 apiece, while Hamels and Cueto have 10 vicotires each. Cain only has nine, but one of those victories was a perfect game against the Houston Astros on June 13.

Clayton Kershaw won the 2011 Cy Young Award while Roy Halladay won the honor in 2010. Cain’s teammate Tim Lincecum won the award in back-to-back years in 2008 and 2009, while Jake Peavy, formerly of the Padres, won the honor in 2007.

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