Patrick Mahomes enters the 2024-25 season as the betting favorite to win the NFL MVP. Mahomes is a two-time winner of the award, earning the honors in 2018 and 2022.
Last season, the star QB led the Kansas City Chiefs to their second straight Super Bowl title and third in five seasons. Mahomes has been named Super Bowl MVP in all three of those victories.
There's a sizable gap on the NFL MVP odds board between Mahomes and the next tier of candidates, all of whom are QBs -- the Buffalo Bills' Josh Allen, Cincinnati Bengals' Joe Burrow, and Houston Texans' C.J. Stroud.
Crashing the party is Packers QB Jordan Love after his breakout 2023-24 season.
The Baltimore Ravens' Lamar Jackson has taken home the MVP trophy twice, in 2019 and 2023.
Here are odds from top sportsbook sites and betting tips for the 2024-25 NFL MVP.
NFL MVP odds for 2024-25 season
Here are live odds to win NFL MVP from highly-rated NFL betting sites.
Who are the NFL MVP odds favorites?
NFL MVP odds tend to shift from one week to the next throughout the season as contenders rise and fall. Quarterbacks are almost always the focus of MVP discussions.
Here are a few of the top contenders for the 2024 award.
Patrick Mahomes, QB, Kansas City Chiefs
Not only has Mahomes won three Super Bowl MVPs, he's been honored with the league's regular-season award twice (2018, 2022).
Despite a lack of great offensive weapons, the Chiefs offense improved as the 2023-24 season progressed en route to the Super Bowl title. Mahomes now has a reasonable claim to the GOAT moniker, and he clearly has the respect of the oddsmakers heading into next season.
Josh Allen, QB, Buffalo Bills
The Bills suffered another early exit from the playoffs, but the multi-threat Allen will be back doing more damage next season. He threw for 4,306 yards and 29 TDs in 2023-24 and ran for another 524 yards and 15 scores.
Interceptions are a potential hindrance to an MVP award for Alle -- he tossed 18 balls to the wrong team this past season.
Joe Burrow, QB, Cincinnati Bengals
A wrist injury ended Burrow's season early, effectively ending his bid for MVP. The former Heisman Trophy winner's mega-talent can't be denied, though, and bettors should expect to see him residing near the top of the odds board throughout the 2024-25 season.
C.J. Stroud, QB, Houston Texans
Stroud took the league by storm as a rookie last season. While he won't be sneaking up on anyone in 2024, expectations are high for the Texans, and the team is loaded with weapons.
Jordan Love, QB, Green Bay Packers
Love busted out in a big way last season, throwing for 4,159 yards and 32 TDs.
Lamar Jackson, QB, Baltimore Ravens
A near unanimous choice for the 2023 MVP, Jackson compiled 3,678 passing yards and 24 TDs, to just seven INTs, and went for 821 yards and five TDs on the ground. He's a threat for back-to-back MVPs.
Best sportsbooks for NFL MVP odds
Below are a few of the best sports betting apps known for their NFL MVP betting options.
- DraftKings Sportsbook: DraftKings has a huge variety of NFL betting options. It has outstanding customer service, competitive NFL lines, and frequent NFL bonuses & promotions designed for new and existing customers.
- FanDuel Sportsbook: FanDuel offers competitive odds for all its NFL bets, including moneylines, point spreads, totals & futures. FanDuel is also known for an impressive spread of prop bets covering every major sport.
- BetMGM Sportsbook: A reliable sportsbook that offers an easy-to-use betting app, BetMGM also has a nice range of NFL prop bets, futures bets, parlays, and competitive NFL betting odds for every major bet type.
- Caesars Sportsbook: Caesars is a popular choice nationwide thanks to its recognizable gambling brand. You’ll find competitive lines and an extensive choice of every NFL bet type. Caesars also offers odds boosts for existing customers, especially for Super Bowl betting lines.
How do you bet on NFL MVP?
Betting on the National Football League MVP is popular among NFL bettors. For context, NFL futures odds typically concern a long-term outcome, and the lines for the next NFL MVP are usually released soon after the previous year’s Super Bowl concludes.
At that point, you will discover the odds are quite long because you’re essentially guessing who could win the award a full year in advance. As the next NFL season draws near, the odds tighten due to the availability of additional information, news, preseason play, and other factors used by oddsmakers to calculate lines.
Once regular-season games are underway, the lines will narrow even more as clear favorites begin to emerge.
As a bettor, you need to weigh the risk vs. reward of betting early or waiting for the picture to become clearer. If you’re comfortable taking some less educated guesses, then feel free to bet early. You stand a good chance of winning a significant return on your wager if you choose correctly.
Not all bettors are keen on such risk, however. Those who aren’t should consider waiting until more information, data, and news become available to make a more informed bet on the next NFL MVP. That will reduce the potential profit but also the risk.
See more: How to bet on the NFL
Who chooses the NFL MVP?
The National Football League’s MVP is chosen by The Associated Press (AP). The news organization uses a committee of 50 sportswriters who each vote for their MVP pick that season.
The MVP is determined by which player received the most total votes from the committee. The group of 50 voters varies by year, though there are plenty of recurring committee members.
When is the NFL MVP announced?
The NFL MVP Award is given annually at the NFL Honors ceremony, held the night before the Super Bowl.
The event also involves anointing other major award winners, such as Coach of the Year, Offensive Player of the Year, and Defensive Player of the Year.
The voting for annual NFL awards takes place after the regular season but before postseason play.
Past NFL MVP winners
Some of football’s most outstanding players have won Most Valuable Player honors. Here’s a list of NFL MVP winners from the past decade:
- 2023: Lamar Jackson (Baltimore Ravens)
- 2022: Patrick Mahomes (Kansas City Chiefs)
- 2021: Aaron Rodgers (Green Bay Packers)
- 2020: Aaron Rodgers (Green Bay Packers)
- 2019: Lamar Jackson (Baltimore Ravens)
- 2018: Patrick Mahomes (Kansas City Chiefs)
- 2017: Tom Brady (New England Patriots)
- 2016: Matt Ryan (Atlanta Falcons)
- 2015: Cam Newton (Carolina Panthers)
- 2014: Aaron Rodgers (Green Bay Packers)
NFL MVP winners, by position
The AP has been awarding the NFL MVP since 1957, with voters overwhelmingly giving the award to quarterbacks:
- Quarterback: 47
- Running back / half back/ full back: 18
- Defensive tackle: 1
- Kicker: 1
- Linebacker: 1
NFL MVP winners, by team
No franchise has won more NFL MVPs than the Green Bay Packers:
- Packers: 10
- Colts: 9
- 49ers: 5
- Browns: 4
- Rams: 4
- Broncos: 3
- Commanders: 3
- Patriots: 3
- Raiders: 3
- Vikings: 3
- Bengals: 2
- Bills: 2
- Chiefs: 2
- Giants: 2
- Ravens: 2
- Titans/Oilers: 2
- Bears: 1
- Chargers: 1
- Cowboys: 1
- Dolphins: 1
- Falcons: 1
- Lions: 1
- Panthers: 1
- Seahawks: 1
- Steelers: 1
What other NFL awards can I bet on?
While the Most Valuable Player Award stands out as a popular NFL futures bet, several other awards are available for betting at top NFL betting sites.
For example, the Offensive Player of the Year Award rewards the most prolific and explosive offensive player from that year. You’ll notice receivers and running backs are much more likely to win this honor than MVP, which has vastly favored quarterbacks in recent years.
On the other side of the ball, Defensive Player of the Year is another popular NFL futures market.
There are a couple of specific awards for rookies new to the National Football League. Offensive Rookie of the Year and Defensive Rookie of the Year odds are available to bettors throughout the regular season and awarded to the players with the most influence on their teams in their first-ever NFL season.
There are also betting opportunities for Comeback Player of the Year, Coach of the Year, Offensive Player of the Year, Defensive Player of the Year.
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