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
| Player | Team | Current Odds |
|---|---|---|
| Patrick Mahomes | Kansas City Chiefs | +300 |
| Josh Allen | Buffalo Bills | +450 |
| C.J. Stroud | Houston Texans | +550 |
| Jalen Hurts | Philadelphia Eagles | +1200 |
| Joe Burrow | Cincinnati Bengals | +2000 |
| Brock Purdy | San Francisco 49ers | +2000 |
| Aaron Rodgers | New York Jets | +2000 |
| Lamar Jackson | Baltimore Ravens | +2200 |
| Dak Prescott | Dallas Cowboys | +2500 |
| Jared Goff | Detroit Lions | +2500 |
Favorites to win the 2024 NFL MVP:
Patrick Mahomes is the current favorite to win the 2024 NFL MVP at +300 odds. He is followed by Josh Allen (+450) and C.J. Stroud (+550).
Best Bet to win the 2024 NFL MVP:
Josh Allen (+450)
Given the lack of name-brand receiving options, Allen is going to have to work some magic this season, and that is exactly what we saw in Week 1. If he can keep the Bills near the top of the AFC and Buffalo’s offense near the top of the stats page, Allen will have a lot of support for MVP.
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.