Yankees at 5-1 Odds to Win 2012 World Series With Derek Lowe Signing

The New York Yankees ranked as co-favorites along with the Texas Rangers to win the 2012 World Series following the signing of right-hander Derek Lowe.  Currently odds still had the Yankees paying a respectable $50 for every $10 bet at Sportsbook.

The 39-year-old Lowe immediately gives the Yankees a long reliever to back up starter David Phelps, who will be capped at around 80 pitches, Marc Carig of the Newark Star Ledger noted. 

Lowe (8-10, 5.52 ERA) was released by the Indians last week after posting a 8.77 ERA over his last 10 starts.  He last appeared as a reliever while playing with the Los Angeles Dodgers in 2007.

- Dan Shapiro, Gambling911.com