The Tigers made a huge splash Tuesday when they signed slugging first baseman Prince Fielder to a nine-year, $214 million dollar contract. Not only does the deal give the Tigers arguably the best one-two offensive punch in baseball but it significantly increased their odds of winning the 2012 World Series.

First off, the Tigers are now the clear-cut favorites to win the American League Central with 2/1 odds or even money at many Las Vegas Casinos. However according to Caesars Palace, the Tigers are now have 8/1 odds to win the 2012 World Series.

Philadelphia Phillies 5-1
Texas Rangers 6-1
New York Yankees 6-1
Tampa Bay Rays 7-1
Boston Red Sox 8-1
Detroit Tigers 8-1
St. Louis Cardinals 8-1
Arizona Diamondbacks 15-1
San Francisco Giants 15-1
Atlanta Braves 18-1
Los Angeles Angels 18-1
Milwaukee Brewers 20-1
Cincinnati Reds 22-1
Cleveland Indians 25-1
Washington Nationals 30-1
Chicago Cubs 35-1
Toronto Blue Jays 40-1
Miami Marlins 40-1
Colorado Rockies 50-1
Chicago White Sox 50-1
New York Mets 60-1
Los Angeles Dodgers 60-1
Minnesota Twins 60-1
Kansas City Royals 60-1
Seattle Mariners 60-1
Baltimore Orioles 75-1
Oakland Athletics 100-1
Pittsburgh Pirates 100-1
San Diego Padres 150-1
Houston Astros 250-1

However, the MGM Grand has the Tigers as the odds on favorite to win the 2012 World Series at 4/1.

Ref: Examiner, BeyondtheBets.com, ESPN.com (image)