CLEVELAND, OH - OCTOBER 24: A member of the Cleveland Indians grounds crew plants the World Series logo on the field prior to Media Day at Progressive Field on October 24, 2016 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)

Nate Silver's World Series projection is out, and he has one team as a big favorite

One World Series prediction sees one team as an overwhelming favorite

Renowned statistician Nate Silver is calling one team an enormous favorite in the upcoming World Series matchup between the Chicago Cubs and the Cleveland Indians.

Silver's website fivethirtyeight.com, which uses statistical analysis to forecast the outcome of elections, sporting events and almost anything you could wager your hard-earned money on, says the Cubs have a clear advantage over the American League champion Indians.

The website employs a model whose rating system takes into account several different aspects of a team's performance during the 2016 season—-margin of victory, home-field advantage, strength of schedule, and prior performance—-then reportedly plugs those numbers into thousands of World Series simulations to come up with odds.

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And according to those findings, the Cubs have a 63% chance to win their first Series since 1908, while the Indians have a 37% chance. Silver's model also breaks the World Series down game by game, and only has Cleveland favored in Game 1 (Indians 55%, Cubs 45%).

The rest of the Series, according to Silver's model, looks like this:

Game 2: Cubs 56%, Indians 44%

Game 3: Cubs 65%, Indians 35%

Game 4: Cubs 62%, Indians 38%

Game 5: Cubs 62%, Indians 38%

Game 6: Cubs 53%, Indians 47%

Game 7: Cubs 53%, Indians 47%