2024-25 NFL MVP Odds, Best Betting Odds & Favorites to Win

The NFL MVP odds are closely watched and wagered upon throughout the NFL season. Players move up and down on a weekly basis. The NFL MVP award has been dominated by quarterbacks in the recent past, with Baltimore’s Lamar Jackson winning his second last year. The NFL MVP award recognizes the player deemed to be the most valuable in the league during the regular season and can be tracked on the best sports betting apps. It has been awarded by a number of different outlets, but the league-recognized MVP award winner is named by the Associated Press, which has handed out the trophy since 1957 when the great Jim Brown won the first of his three NFL MVP awards.

How to Read NFL MVP Betting Odds

NFL MVP odds are listed in ascending order, with the favorite having the best odds. These odds will generally start with a plus symbol, although they will transition to a minus symbol late in the season when some players distance themselves from the field. The opening MVP odds are generally posted soon after the previous season’s Super Bowl.

Allen Eyes First MVP Award

The NFL MVP odds now reflect that this has turned into the proverbial two horse race. Josh Allen has the inside track in that race, having -300 odds, but Lamar Jackson is still in contention at +225 odds. After that, there are two longshot players in Saquon Barkley (+1800) and Joe Burrow (+2000). Beyond that there are only three other players listed on the NFL MVP odds board at BetMGM, and each of their odds are +10000 or longer. 

Amount to Wager

When making a wager on these NFL MVP odds, do note that a minus odds bet indicates how much you will have to wager to win $100. That means a $300 wager on Allen to win pays out $100 if he does claim this award. The plus odds bets show how much a wager will win on a $100 bet. In Jackson’s case, it means a $100 bet will pay out $225. 

The NFL MVP odds are set by oddsmakers on the best online sportsbooks and will vary from site to site, so it pays to shop around to find market-leading odds prior to NFL MVP award betting.

Here are the sports betting industry's leading online sportsbooks that offer NFL most valuable player odds, along with their current sportsbook promo codes:

Josh Allen threw for two touchdowns and ran for another on the Bills'  40-14 victory over the Jets last week. (Tina MacIntyre-Yee / USA TODAY NETWORK via Imagn Images)

👉 How NFL MVP Odds Work

NFL MVP odds will differ, sometimes notably, from site to site and smart bettors will comparison shop on the various NFL betting apps shown above and then pick the one that has the highest payout for the player they think will win the 2024-25 NFL MVP award. 

Betting on NFL MVP odds early in the season or even prior offers the highest reward, but also the most risk as favorites will begin to separate as the season progresses. A number of factors are considered by oddsmakers when determining NFL MVP odds, including individual and team success, injuries and off-the field issues – not only by the player, but also his teammates.

Keeping that in mind, here are some things to consider when reviewing 2024-25 NFL odds for MVP betting:

Favorites

A quarterback has won the last 11 NFL MVP awards and 16 of the last 17 and thus will always be listed as the favorites – especially early in the season – and there is the belief that it would take a record-setting season by a non-QB for them to win. Vikings running back Adrian Peterson won the award in 2012 after finishing just nine yards shy of Eric Dickerson’s all-time single season rushing record. Dolphins wide receiver Tyreek Hill was among the 2023-24 favorites in the NFL MVP odds as he fashioned what was trending as a record-setting season, but a late injury pushed him down on the list.

Here are the top players in the MVP odds at BetMGM:

• Josh Allen (-300): It speaks volumes for the type of year that Allen is having that throwing for two touchdowns, leading the Bills in rushing and adding a rushing touchdown in a 40-14 win against New England seemed like a somewhat disappointing day for him. This shows why Allen is the NFL MVP odds leader. The caveat for Allen is that he is slated to start but not play much this week since Buffalo has no playoff seeding advantage to play for this week.
• Lamar Jackson (+225): Jackson kept the pressure on Allen by throwing for two touchdowns and gaining 87 yards and a touchdown on the ground in the Week 17 game at Houston. The Ravens need a win over Cleveland on Saturday afternoon in Week 18 to clinch the AFC North title, so Jackson will have one more national showcase to try to close the NFL MVP odds gap with Allen.
• Saquon Barkley (+1800): Barkley racked up 167 rushing yards against Dallas to help the Eagles clinch the NFC East and the No. 2 seed in the NFC playoff bracket. Since Barkley may not play much in the Week 18 contest against the Giants, that great game against the Cowboys may be his last chance to improve his NFL MVP odds.
• Joe Burrow (+2000): It took an overtime touchdown pass to extend Burrow’s streak of 3+ touchdown passes to eight games. That is tied for the third longest streak of that caliber in NFL history. Burrow gets a chance to extend that streak and improve his NFL MVP odds (and keep the Bengals playoff hopes alive) in a Week 18 matchup against a struggling Pittsburgh secondary.

Underdogs

Opening and early-season NFL MVP odds usually focus on the best QBs on the best teams, but it’s not unheard of for underdogs to emerge. Former Falcons quarterback Matt Ryan won the NFL MVP award in 2016 after opening at +7500. That is the extreme, but players like Cam Newton (2015) and Lamar Jackson (2019) won with underdog NFL MVP odds entering the season.

• Sam Darnold (+10000): Darnold is a perfect fit in the Kevin O’Connell offense, which is why Darnold threw for 377 yards and three touchdowns against Green Bay. Darnold is a huge NFL MVP odds longshot, but he also has the best Week 18 showcase game of anyone on this list, as the Vikings play the Lions on Sunday Night Football to determine the winner of the NFC North and the No. 1 seed in the NFC.
• Jared Goff (+15000): Dan Campbell said the Lions were going to play to win in the Monday Night Football game against San Francisco and his players did just that. Goff led the way with 303 passing yards and three touchdowns. He also gets that Sunday Night Football showcase game to try to improve his NFL MVP odds.
• Patrick Mahomes (+50000): Mahomes makes this list out of respect, having won the award on two different occasions. He won’t be able to improve his NFL MVP odds this week, as Mahomes is all but certain to sit out most or all of the Week 18 game against Denver since the Chiefs already have the No. 1 seed locked up.

NFL Futures

NFL MVP odds are listed under the NFL Futures section on online sportsbooks. For those of you still learning how to bet on sports, futures betting is when you wager on something that you think is going to happen. Examples, in addition to NFL MVP betting, including Super Bowl-, conference- and divisional-winner betting. You can make your NFL futures wagers before the season even starts when players and teams upsides have yet to be fully recognized by the betting public.

How to Choose The Best Odds to Win NFL MVP

Choosing the best odds to win NFL MVP can be a multi-faceted process, so many smart sports bettors use various methods to do so. These include the following:

Consistency

Players who have an established track record of success tend to have an easier time getting NFL Most Valuable Player votes than players who have yet to prove themselves capable of being consistent performers at the highest level.

Choose The Best Sportsbook

BetMGM, Caesars Sportsbook, FanDuel, DraftKings, Fanatics Sportsbook, ESPN BET and BetRivers are all top-of-the-line online sportsbooks, but their NFL MVP odds do vary.

These sportsbooks also offer guidance for how to bet on the NFL and how to bet on the Super Bowl, as well as providing information on NFL Most Valuable Player betting odds.

Betting Options

In addition to a wager directly on 2024 NFL MVP odds or for making NFL picks, you can also place a bet on certain players versus the field. For example, Caesars Sportsbook offered -240 odds on any player other than Patrick Mahomes, Joe Burrow or Josh Allen to win the NFL MVP.

You can also make NFL MVP parlay wagers as part of a multi-legged bet that can be combined with other NFL futures such as a weekly wager, over/unders on team win/loss totals or if an NFL team will qualify for the playoffs in the 2023 season. Payouts are bigger for successful NFL parlays because the risk is greater.

2. Caesars Sportsbook

Caesars Sportsbook provides more odds boosts than its competitors and it allows you to bet on individual players to win the NFL Most Valuable Player award or to wager on the field versus certain favorites. Bettors who sign up with the Caesars Sportsbook promo code USATODAYDYW gives bettors who make a qualifying wager of $1 or more ten 100% profit boosts. 

For a limited time, bettors in Arizona, Colorado, Illinois, Iowa, Kentucky, Louisiana, Maryland, Maine, Ohio, New York, Tennessee, Virginia, Washington DC, and West Virginia can opt a Bet $1, Get $150 in Bonus Bets if You Win offer available through the Caesars Sportsbook Promo Code USATBG1.

3. Fanatics Sportsbook

The Fanatics Sportsbook promo gives new customers who establish an active account a No Sweat Bet up to $100 a day for the first 10 days after you open your new account. To participate, place a cash wager of $1+ on any market with odds of -500 or longer, and if that wager settles as a loss, you will receive bonus bets in the amount of the losing wager, up to $100 per day for 10 straight days starting the day you sign up. 

4. FanDuel

FanDuel often has higher payouts for wagers than most other online sportsbooks. The FanDuel promo code has a great new offer with $200 in bonus bets up for grabs. Simply create your account, make a deposit of at least $5 and place a $5 wager on any market. If that bet wins, you'll get the $200 in bonus bets. Bettors in Arizona, Colorado, Kansas, North Carolina and Tennessee get the $200 in bonus bets regardless of the outcome of their first bet. 

Bonus bets can be broken up in as many ways as you would like within seven days. 

5. DraftKings

In addition to having odds to win the NFL Most Valuable Player award, DraftKings also offers betting markets for individual awards such as Offensive or Defensive Rookie of The Year, Comeback Player of The Year and Coach of The Year. The DraftKings promo code provides bettors with a Bet $5, Get $300 in Bonus Bets if Your Bet Wins offer.

Bonus bets are awarded as 12 $25 bet credits, expire in seven days and have a 1X playthrough.

6. bet365

bet365 is a world-class betting app that's trusted by millions around the world. When you register for a new account with the bet365 bonus code USATODAY, you get a Bet $5, Get $150 welcome offer.

Just place a $5 first bet on any NFL game – or any other sport. As soon as you do, bet365 sends you $150 in bet credit to break up into as many bonus bets as you want. 

7. ESPN BET

ESPN BET offers loads of individual player futures odds in addition to NFL MVP odds. You’ll find extensive odds for offensive and defensive POY, offensive and defensive ROY and much more. First-time customers in Michigan, New Jersey and Pennsylvania who use ESPN BET promo TODAY at signup get a Bet $10, Get $100 in Bonus Bets welcome offer. 

💰 How to Bet on NFL MVP Odds

Although there are many different elements in the various sportsbook promos, the process to sign up for these deals is quite similar. Here are five account registration steps that apply to each of them.

1. Click any BET NOW button in this review for your preferred online sportsbook. This will bring up an online registration page for that sports betting app.
2. Fill out this page by providing some basic personal information such as name, address and email address and then create a username and password.
3. When applicable, type in the bonus or promo code requested, such as Caesars Sportsbook promo code USATODAY1000.
4. Confirm via GPS that you are located in a state where your preferred online sportsbook is licensed and operates, then verify that you are legally old enough to place an online sports betting wager in that state.
5. Make the required initial deposit. If you are using a mobile device, you will need to download the online sportsbook's app prior to making your deposit.

US States With NFL MVP Betting

There are 30 states and parts of the District of Columbia that currently post live NFL MVP odds and Super Bowl odds, as these locations have approved online sports betting for these particular markets. They include:

• North Carolina betting apps
• Illinois betting apps
• New York sports betting apps

Get The Best NFL MVP Odds Today

The NFL Most Valuable Player odds are already live on the top NFL betting sites mentioned in this guide. Barring injuries, they will remain static until the season opens and then will shift repeatedly on a weekly basis throughout the season. The best way to find the best NFL MVP odds is to sign up with each of the sportsbooks discussed so you can take advantage of their welcome offers and compare NFL MVP odds. These sportsbooks are also among the top Super Bowl betting sites, so you can make wagers all the way through to the Big Game.