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
Patrick MahomesKansas City Chiefs+600
Josh AllenBuffalo Bills+900
Joe BurrowCincinnati Bengals+900
C.J. StroudHouston Texans+1000
Lamar JacksonBaltimore Ravens+1200
Justin HerbertLos Angeles Chargers+1400
Jordan LoveGreen Bay Packers+1400
Dak PrescottDallas Cowboys+1600
Brock PurdySan Francisco 49ers+1600
Jalen HurtsPhiladelphia Eagles+1600

Favorites to win the 2024 NFL MVP:

Patrick Mahomes is the current favorite to win the 2024 NFL MVP at +600 odds. He is followed by Josh Allen (+900)

Best Bet to win the 2024 NFL MVP:

Kirk Cousins (+3500)

The reality is it does not make much sense to bet on MVP favorites at this point in the offseason, but it does make some sense to get exposure to longer odds for players who are likely to have success. The Falcons play in a bad division and were at the doorstep of the playoffs last season despite awful quarterback play. With by far the easiest projected strength of schedule, it is not far-fetched to imagine the Falcons winning close to 12 games, something that would at least give Cousins a chance to draw some MVP votes.

» Bet it now: +3500

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.