Get the latest NFL MVP betting odds and track movement for all top players during the 2024 NFL season.

All betting lines provided by BetMGM Sportsbook.

2024 NFL MVP Odds to Win

PlayerTeamCurrent Odds
Josh AllenBuffalo Bills+300
Lamar JacksonBaltimore Ravens+350
Patrick MahomesKansas City Chiefs+500
Jared GoffDetroit Lions+700
Jayden DanielsWashington Commanders+1000
C.J. StroudHouston Texans+1400
Jordan LoveGreen Bay Packers+1400
Jalen HurtsPhiladelphia Eagles+2000
Brock PurdySan Francisco 49ers+2200
Joe BurrowCincinnati Bengals+2500

Favorites to win the 2024 NFL MVP:

Josh Allen is the current favorite to win the 2024 NFL MVP at +300 odds. He is followed by Lamar Jackson (+350) and Patrick Mahomes (+500).

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Best Bet to win the 2024 NFL MVP:

Lamar Jackson (+350)

The Ravens’ five-game winning streak was snapped by the Cleveland Browns, but Jackson remains a top MVP candidate. He had 289 passing yards and 2 passing touchdowns in the loss. Jackson is top five in passing yards, passing touchdowns, and QBR on the season. He also poses a threat in the run game with 500 yards and 2 touchdowns. He will be a top candidate for the award at the end of the season.

» Bet it now: +350

NFL MVP Betting Trends

  • The last 10 winners of the NFL MVP award have been quarterbacks.
  • Since 2001, only 3 non-quarterbacks have won NFL MVP – all were running backs.
  • Since 2001, every NFL MVP winner was on a team that won at least 11 games. Adrian Peterson’s MVP season was the only exception, with the Vikings winning 10 games in 2012.

When Should you bet on the NFL MVP?

If you’re betting on MVP favorites, you should place bets closer to the start of the season — that way you’ll keep funds in your account for an extra couple of months.

When placing a future bet like the 2024 NFL MVP, an important concept to understand is the time value of money, the concept that money is worth more now than the same sum will be worth in the future due to its earning potential in the interim.

Wagering now comes at an opportunity cost as the 2024 NFL MVP bet will not be graded until February 2024, tying up funds wagered for nearly 10 months.

Does this concept mean no MVP bets should be made until closer to the season? No, the offseason is a great time to identify mispriced higher-odds players that could have their odds shift significantly with roster changes. Also, the players with higher odds reduce the time value effect as the potential payout is higher.