Nate Silver's World Series projection is out and the Chicago Cubs are heavy favourites

The Chicago Cubs are the favourite to win the World Series, according to Nate Silver’s model at FiveThirtyEight.com.

According to the model, which simulates the playoffs thousands of times, the Cubs have a whopping 43% chance to reach the World Series and a 26% chance to be crowned champions. Of course, we don’t want to jinx anything, so we should also point out that the model is also saying the Cubs have a 74% of not winning the World Series.

Meanwhile, the Boston Red Sox are the favourite in the American League with a 37% chance to be AL Champs and a 19% chance to win the World Series. The New York Mets and San Francisco Giants are the longest shots, as they each have a 3% chance to win it all.

Here are the chances for each team to win the World Series heading into the Wild Card matchups:

NOW WATCH: NFL POWER RANKINGS: Week 3

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.