Yes, reds is in the scrabble dictionary

...and is worth 5 points by itself.

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Reds Definition

noun

Plural form of red.
from the English-language Wiktionary

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Wildcard(?) letters appear in RED

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Top Words by points

Points

reds

5

2 letter words with REDS

Points

de

3

ed

3

er

2

es

2

re

2

3 letter words with REDS

Points

eds

4

ers

3

red

4

res

3

ser

3

4 letter words with REDS

Points

reds

5

Found 11 words in 0.107 seconds