Swinging for Glory and Greenbacks: Inside the 2023 T-Mobile Home Run Derby Odds

Two-time Home Run Derby champion Pete Alonso and and a star-studded crop of players will compete in this year's edition of the event, and the title will not be the only thing on the line.
Swinging for Glory and Greenbacks: Inside the 2023 T-Mobile Home Run Derby Odds
SPECIAL OFFER

Get 25% OFF

Dominate your NFL Draft this season with limited time offer. Use promo code PURPLE
PROMO CODE PURPLE

The eight-man bracket for the 2023 T-Mobile Home Run Derby is set. 

T-Mobile is the sponsor of both the event and the venue this year, as the competition will take place at T-Mobile Park in Seattle at 8:00 p.m. EDT on Monday, with television coverage on ESPN. 

The bragging rights that come with winning the Home Run Derby are nice, but they aren't the only source of motivation in the baseball-bashing competition.

The Breakdown

Participant SeedOddsHR (as of July 6) 2023 Salary
Luis Robert +50025$9,500,000 
Pete Alonso 2+30026$14,500,000
Mookie Betts +100023 $25,000,000 
Adolis Garcia 4+65022$747,760 
Randy Arozarena 5+95016$4,150,000 
Vladimir Guerrero 6+36013$14,500,000
Julio Rodriguez 7+55013$5,912,500
Adley Rutschman 8+170011$733,900 

All odds via DraftKings Sportsbook as of 6:30 PM ET Friday.

The $1 Million Prize

The winner of the Home Run Derby gets a $1 million prize, which matters far more to some participants than others. Pete Alonso -- the favorite in this year's competition -- more than doubled his salary by claiming the $1 million prize for winning the competition in 2019, and $1 million exceeds this year's salaries of 2023 Home Run Derby participants Adolis Garcia and Adley Rutschman. The latter will have to overcome a difficult draw, as he faces No. 1 seed Luis Robert in the first round of the eight-man bracket. As of press time, Robert sits second among 2023 Derby participants with 25 homers, which trails only Alonso's 26 long balls.

Contract Talks

Juan Soto was also highly motivated when he won the Home Run Derby in 2022, ending Alonso's three-year, two-Derby reign. Soto was in the middle of a contract standoff with the Nationals and was eager to showcase his power-hitting ability and prove he was worth more than the 15-year, $440 million offer he had just turned down from Washington. While Soto didn't end up with a mega-extension, he at least managed to force his way off the rebuilding Nationals and onto the Padres, with his Derby victory perhaps playing into San Diego's interest. Among 2023 participants, Alonso, Garcia, Randy Arozarena, and Vladimir Guerrero Jr. are arbitration-eligible after the season.

Finishing What They Started

Soto won't be back to defend his crown in 2023, but 2022 finalist Julio Rodriguez is back after losing to Soto by just a lone homer last year. Rodriguez is part of a must-see first-round matchup against Alonso. Invited to participate as a rookie last year, Rodriguez defeated Corey Seager and Alonso while finishing the competition with 81 long balls. If the 22-year-old Rodriguez wins it this year, he will become the youngest champion in Home Run Derby history.

Another former Home Run Derby finalist looking for redemption in 2023 is Guerrero, who broke the records for home runs in one round (40) and in a single Home Run Derby (91) in 2019 but ran out of gas before falling to Alonso in the final. Guerrero's first-round opponent is Mookie Betts, who earned the No. 3 seed. Betts certainly isn't in this competition for the money, as he's in the midst of a 12-year, $365 million contract with the Dodgers.

The Thrill Of Opportunity

Garcia faces Arozarena in an all-Cuban 4 vs. 5 matchup. Even if neither is able to land the $1 million grand prize -- which would be nearly a quarter of Arozarena's salary -- simply having the opportunity to participate in MLB's All-Star festivities is a nice consolation prize. Both Arozarena and Garcia, as well as Robert, defected from Cuba and no doubt have an appreciation for the glitz and glamor that come with playing professional baseball in the United States.

Before placing your bets on this year's Derby winner, check out the top Sportsbook Promo Codes!

ABOUT THE AUTHOR
Sasha has been contributing NFL, NHL, NBA, MLB and Tennis content to RotoWire since 2015, with an emphasis on DFS. He is a huge New York sports fan who has been playing fantasy sports since middle school.
RotoWire Logo

Continue the Conversation

Join the RotoWire Discord group to hear from our experts and other MLB fans.

Top News

Tools

MLB Draft Kit Logo

MLB Draft Kit

Fantasy Tools

Don’t miss a beat. Check out our 2025 MLB Fantasy Baseball rankings.