We still have more than two-thirds of the MLB season left to play, and yet the number of teams that still have a legit shot to win the World Series has already been narrowed to eight.

The Chicago Cubs remain the heavy favorite, with a 17.3% chance to win it all, according to the "Playoff Odds Report" from Baseball Prospectus. The American League is still a little more wide open as three teams — the Cleveland Indians, Boston Red Sox, and Seattle Mariners — all have a 10.2% to 11.4% chance to be crowned champions this season.

In all, there are eight teams with at least a 5% chance of winning the World Series — see chart below; record in parentheses. The San Francisco Giants (4.5%) and the Tampa Bay Rays (3.3%) just missed the cut and are the only other teams with at least a 2% chance.

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