How to bet on the 2025 MLB Home Run Derby: Where to bet, top betting sites, apps and promos
The Home Run Derby is here and has a loaded field, and you can bet on the slugfest with sportsbook promos at top betting sites
The 2025 MLB Home Run Derby is seen as the appetizer for the Midsummer Classic, but some will enjoy it more than the main course. The Home Run Derby will take place at 8 p.m. ET, with eight sluggers teeing off at Truist Park in Atlanta. The Home Run Derby 2025 field includes Cal Raleigh, the majors' leader in homers, as well as four others with at least 20 dingers on the season, as well as some potential sleepers. If you're looking to place bets on the Home Run Derby, you need to see the best sportsbook promos available at the top betting sites.
Where to bet on the Home Run Derby
| Sportsbook | Bonus offer | Promo code |
|---|---|---|
FanDuel | Bet $5, Get $150 in bonus bets if you win | No code required |
DraftKings | Bet $5, Get $150 in bonus bets instantly | No code required |
BetMGM | Up to $1,500 in bonus bets back if your first bet loses | CBSSPORTS |
Fanatics | Bet and Get up to $1,000 in No Sweat Bets | No code required |
bet365 | Bet $5, Get $150 in bonus bets win or lose | CBSBET365 |
| Caesars | Bet $1, double your winnings your next 10 bets | CBSDYW |
Three sportsbooks are offering "bet and get" promotions to new users: DraftKings, FanDuel and bet365. The DraftKings promo code, FanDuel promo code and bet365 bonus code all offer $150 in bonus bets after a new users places a first wager of at least $5. FanDuel requires your first bet to win, while the other two do not.
The BetMGM promo code and Fanatics Sportsbook promo code also give bonus bets to new users, but only if their bets lose. BetMGM matches your first bet up to $1,500, meaning if it loses, you get your stake back in bonus bets. Fanatics' offer covers a user's first bet of the day for each of their first 10 days with Fanatics. Each of those bets is covered up to $100 each for a maximum bonus bet return of $1,000.
The Caesars Sportsbook promo code doesn't return bonus bets, but profit boosts. After you place a first bet of at least $1, you receive 10 100% profit boost tokens.
Betting on the 2025 Home Run Derby
The format for the MLB Home Run Derby has changed over the years, and this year's edition will consist of three rounds. The top four HR hitters from the opening round will advance to the semis, which is then bracket-style with players seeded by their number of first-round homers. The final will then see the two winners face off and will have the hitters see 27 pitches each, while they'll get 40 pitches for the first two rounds. If looking for how to bet on individual rounds, and through the 2025 MLB Home Run Derby as a whole, numerous betting apps will offer both options.
Here's what the entire odds board at DraftKings looks like, as well as how many home runs each player has hit this season.
Cal Raleigh (38 homers): +295
Oneil Cruz (16): +330
James Wood (24): +450
Matt Olson (17): +800
Brent Rooker (20): +850
Byron Buxton (21): +950
Jazz Chisholm Jr. (17): +1100
Junior Caminero (23): +1200
Raleigh is predictably the HR Derby favorite with the second-most home runs in history prior to the All-Star break. He's hoping to become the first catcher to win the derby and could be the second player, ever, to hit from both sides of the plate. Meanwhile, Cruz, despite having the second-fewest homers of this year's field, is the second-favorite thanks to his off-the-chart metrics. His May 25 homer versus the Brewers clocked in with a 122.9 m.p.h. exit velocity, making it not only the hardest hit ball this season but the hardest hit ball of the Statcast Era (since 2015).
Wood is the most physically imposing in this year's field at 6-foot-7, 234 lb, and he certainly uses his size with every swing. He ranks in the 98th percentile in hard-hit percentage and is in the 97th percentile in average exit velocity. Then there's Olson, the hometown hero who not only plays for the Braves but was born and raised in Atlanta. He replaces teammate Ronald Acuna Jr. and has 276 career home runs, which are 122 more than any other participant.
Rooker will be making his first MLB Home Run Derby appearance, but did make it to the semis of the 2016 College HR Derby. Though he has the fifth-shortest HR Derby odds, he's actually the biggest favorite amongst right-handed batters, as the four biggest favorites consist of one switch-hitter and three LHBs. For Buxton, this is a homecoming for him as he's from Georgia and owns something that no one else in the field has. That's the longest HR of the season as his 479-foot bomb on June 11 versus Texas is the second-longest MLB homer of 2025, trailing only a Mike Trout 484-foot shot.
Representing the Yankees, Chisholm is looking to become the fifth derby winner in pinstripes, as their four victories are already the most in history. He has five homers at Truist Park, which is the most of any competitor, outside of Atlanta's Olson. Finally, there's Caminero, who just turned 22 on July 5 and hopes to become the youngest derby champion. His average bat speed of 78 m.p.h. is second-best in MLB as he seeks to give the Rays their first HR Derby winner.
Responsible gaming
Regardless of your experience level, all bettors need to practice responsible gaming. Sportsbooks offer tools and resources for bettors to use, including time and wager limits and more. There are also national resources available like the National Council for Problem Gambling (NCPG), Gamblers Anonymous, and 1-800-GAMBLER, which you can call or text.
