2026 Home Run Derby betting preview, odds: Philadelphia Phillies slugger Kyle Schwarber is the betting favorite

Kansas City Royals right fielder Jac Caglianone (+650) has the fewest home runs (14) of any Home Run Derby participant, but has the next-best odds to win the event, followed by Jordan Walker (+800), Bryce Harper (+850) and Ben Rice (+850).

Schwarber has the most wagers (24.8%) and total dollars wagered (29.1%) to win the event so far at BetMGM, and he is the sportsbook’s biggest liability. Caminero has the second-most total bets (16.6%) and handle (17.2%) to win the event.

Boston Red Sox catcher Wilson Contreras the longest Derby odds at 15-1, and also the fewest wagers (5.3%) and least money wagered on him to win (2.4%).

The Seattle Mariners’ Cal Raleigh was the first catcher ever to win the Home Run Derby in 2025, but is not competing in the event this year.