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Blue Jays head to ALCS as favorites to win World Series

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Vegas favors Blue Jays to win World Series (1:55)

ESPN Chalk writer David Purdum breaks down Vegas' take on the favorite to win the World Series. (1:55)

The Toronto Blue Jays head to the American League Championship Series as the favorites to win the World Series.

The Blue Jays are 7-4 to win the World Series at the Westgate SuperBook, followed by the Chicago Cubs (9-4), Kansas City Royals (3-1) and New York Mets (4-1).

The Blue Jays will face the Royals in the ALCS, beginning Friday night. Toronto is a -145 favorite over the Royals in the series at most sportsbooks. The SuperBook, facing liability on the Royals, opened with the Blue Jays slightly lower at -130.

The Cubs are -150 favorites over the Mets in the NLCS, which starts Saturday. The Cubs, who haven't won the World Series since 1908, are always a popular bet in Las Vegas. This year is no different.

At Caesars sportsbook, more money has been bet on the Cubs to win the World Series than on any other team. Of the four teams still in the playoffs, the Cubs are the only one that produces a loss for Caesars. And it's a sizable one.

"We're looking at a $350,000 loss on the Cubs," sports operations manager Bismarck Leon at the Rio (a Caesars book), told ESPN.

The book opened the Cubs at 30-1 at Caesars.

William Hill's Nevada sportsboook was able to mitigate its liability on the Cubs, despite a $1,000 bet placed on them at 40-1 last October. The Royals are the biggest liability for William Hill.