Using the best odds from DraftKings and FanDuel and the FanGraphs seasonal projections, we put together a "cheat sheet" for MLB Team Futures bets in the Divisional Winners and World Series Champions markets.
Unsurprisingly, the synthetic hold (more or less the discrepancy between the sportsbooks' implied odds and the actual odds) of the World Series Market (19.2%) is much higher than that of the Divisional Market (9.1%). This makes sense given A) it's easier for sportsbooks to hide their rake amount as the size of the multi-way market increases and B) the sportsbooks may want less culpability on longer odds.