In the Bronx, the situation is deteriorating, and the Yankees’ chances — along with their position in the American League East — have vanished.

The Orioles have surged ahead of the Bronx Bombers in the race for the division title, now sitting at -135 odds at BetMGM to secure the title for the second consecutive year.

According to BetMGM, the Yankees (55-37) were at -275 just over the Memorial Day Weekend.

Looking ahead post-July 4th weekend, the Yankees now have odds of +110 to clinch the division after a 3-0 defeat to the Red Sox on Sunday, bringing their record to 6-16 since June 13.

The Yankees’ poor performance is surprisingly unsettling news for BetMGM, given the lack of confidence in the team.

A representative from BetMGM informed The Post that 80 percent of the bets are on the Orioles to win the AL East, with bettors seizing the opportunity at favorable odds.

Back on May 29, Baltimore had odds of +200 to win the division, while the Yankees were at -275.

However, for the Yankees, the situation is clear, as manager Aaron Boone pointed out.

Gunnar Henderson is challenging Aaron Judge for AL MVP. Getty Images

It could also be that everything is crumbling right in front of them.

As of May 23, The Post correctly predicted that the Yankees’ starting pitching was on the verge of collapse, pointing to abysmal advanced statistics from Carlos Rodon, Luis Gil, and Clark Schmidt.

Presently, the Yankees are banking on a resurgence from Rodon and Gil, and for Schmidt to recover from injury, along with an improved showing from their lineup that has mostly fallen short, except for performances from Aaron Judge and Juan Soto.

Gerrit Cole has struggled since returning.
Gerrit Cole has struggled since returning. Getty Images

It is widely believed that New York will secure a wild card position, with their overall chances of making the playoffs standing at -10000 at DraftKings.

The Yankees’ general manager, Brian Cashman is expected to be quite active this month in strengthening the team, which has deficiencies in the batting order, bullpen, and starting rotation.

Nevertheless, with the Diamondbacks reaching the World Series after barely clinching a Wild Card spot, the competition for talent from the few teams that are deliberately losing matches will be fierce.

Discover all the necessary information regarding MLB Betting

Everyone believes they have a chance to emerge victorious, yet at this moment, the Yankees are struggling as their downward spiral continues, having won only six of their last 22 games.

The generous odds of -135 for the Orioles present an opportunity for those seeking a profitable investment that could yield a 40 percent return.

PICK: Back the Orioles to win the AL East (-135, BetMGM)