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It isn't much of a surprise but Jose Bautista is the favorite to with this year's Home Run Derby, though,if I remember right he didn't fair so well last year.
Here here are the odds to Win the 2012 Home Run Derby from Bovada.net.
Jose Bautista (TOR) 7/2
Giancarlo Stanton (MIA) 4/1
Prince Fielder (DET) 5/1
Robinson Cano (NYY) 11/2
Carlos Beltran (STL) 11/2
Matt Kemp (LAD) 6/1
Mark Trumbo (LAA) 6/1
Carlos Gonzalez (COL) 13/2