Did re-signing Davis impact O’s WS Odds?
The Orioles re-signed slugger Chris Davis over the weekend but how much did the signing impact Baltimore’s World Series odds?
Jon Heyman of MLB Network reported that the Orioles and Davis agreed to a seven-year, $161 million contract over the weekend. ESPN’s Buster Olney also reports that Davis’ new contract with the team will be paid out over the next 22 years, with the first baseman receiving $17 million annually between 2016-2022, $3.5 million a year from 2023-2032, and $1.4 million per year from 2033-2037. Thus, Davis will receive a paycheck from the team until he’s 51 years old.
The re-signing of Davis was certainly headline news in Baltimore and throughout Major League Baseball, but what about in Vegas? According to oddsmakers from online sports book Bovada.lv, the Orioles are currently 50/1 to win the 2016 World Series. What were their odds before re-signing Davis? Fifty-to-one.
It’s surprising that the O’s odds to win didn’t change at all with the re-signing of Davis, especially seeing as how Baltimore opened at 40/1 following the conclusion of the 2015 World Series. One would think that, if anything, the Orioles’ odds would revert back to 40/1 after bringing Davis back.
Perhaps oddsmakers are just waiting to see what kind of action they’ll get on Baltimore before adjusting the Orioles’ number either way.