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The 2025 Home Run Derby takes place Monday, July 14 to kick off the MLB All-Star break. The format for this year's competition remains the same as it did in 2024, where the top four hitters from the opening round will advance to the knockout bracket where there will be head-to-head matchups. Batters have three minutes, or 40 pitches, to hit as many home runs as possible. They get one 30-second timeout. In the final round, batters have two minutes or 27 pitches. Seattle Mariners catcher Cal Raleigh, who leads MLB in home runs, is the favorite to win this event.

For those interested in MLB betting and Home Run Derby picks, here's a look at the Home Run Derby odds, along with some top props props available at top sportsbooks. 

Home Run Derby winner odds (via FanDuel)

Home Run Derby prop picks

Cal Raleigh to make the final (+130, Caesars)

Raleigh has 38 home runs at the break and could wind up breaking Barry Bonds' single-season home run record of 73. It has been a breakout season for him, as he's going to set career marks in home runs, RBI, WAR, slugging percentage and likely batting average. Since the format has changed slightly, Raleigh doesn't necessarily have to beat out someone specific in the initial round in order to make the knockout stage. Given the form he's in, it's hard to pick against him to at least make the final.

Longest Home Run Over 479.5 feet (-120, Caesars)

Unsurprisingly, there's a lot of power on display at this event. Pirates slugger Oneil Cruz headlines this group, leading all qualified hitters in exit velocity in 2025. He's got the hardest-hit home run among participants, clocking 122.9 mph against the Brewers in May. Even if he might not have the best technical swing, this is an event where you can get away with sheer power. I expect Cruz to let a few rip, and there's a good chance he gets close to the 500-foot mark. Tampa Bay's Junior Caminero and Washington's James Wood are also in the running to top this line as they've displayed plenty of power this season. Young players who aren't going to get much shine in the regular season usually take advantage of the spotlight in these showcase events, so Caminero and Wood could also put in some big swings. In any case, it's hard to see this group failing to top 479.5 feet on its longest home run.

Matt Olson Over 17.5 First Round Home Runs (-115, Caesars)

Olson is replacing Ronald Acuna in this year's event as the hometown team representative. He's participated in the Derby before, smacking 23 home runs in the first round of the 2021 event, though he would lose to Baltimore's Trey Mancini. I don't know if I'd back Olson to win the whole thing, but it's hard to think he doesn't feed off some of the crowd energy early and get past this mark. The last time a player from the host team won was in 2019 when Bryce Harper took home the crown at Nationals Park. Olson is +800 to win it all but -115 to make it to the final four.

Total Home Runs Under 232.5 (-115, Caesars)

There were 341 home runs in the 2023 Home Run Derby, which is a record for the competition. That's largely due to Julio Rodriguez hitting 41 home runs in the first round and Randy Arozarena adding 35 in the second round. The 2024 event at Globe Life Field, considered a hitter-friendly park, saw just 225 home runs. The format change from 2023 to 2024 might also be a factor, and the 2024 format remains in 2025. Truist Park is considered a hitter-friendly park and the forecast says temperatures will be in the high 80s by the time the Derby gets started, so the conditions are there for the balls to be flying out at a high rate. However, I think this field will stay under 232.5 home runs Monday.