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NFL MVP Odds, Candidates, Best Bets: Mahomes on Top, Caleb Williams in Top 25

Written by: Grant Mitchell
Updated February 27, 2024
8 min read

The 2024 NFL MVP race has the potential to be one of the best in recent years thanks to the abundance of young, exciting talent permeating the league.

Lamar Jackson won his second NFL MVP last year but could not slow down Patrick Mahomes and the Kansas City Chiefs during their run to their third Super Bowl in five years. Both men are among the top candidates for this year’s award, as are several other quarterbacks—but don’t count out the skill position players either, or even a defender, given the number of quality players there are in the league.

Who do the oddsmakers believe the MVP frontrunners are ahead of the free agency and the NFL Draft? Let’s take a look.

NFL MVP Odds

Odds provided by DraftKings Sportsbook. Click the odds in the table below to place your bets and get a No Sweat First Bet up to $1,000 at DraftKings.

Player Position Team Odds
Patrick Mahomes QB Kansas City Chiefs +600
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Josh Allen QB Buffalo Bills +700
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Joe Burrow QB Cincinnati Bengals +900
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Lamar Jackson QB Baltimore Ravens +1000
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Jordan Love QB Green Bay Packers +1200
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Brock Purdy QB San Francisco 49ers +1200
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Justin Herbert QB Los Angeles Chargers +1200
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C.J. Stroud QB Houston Texans +1400
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Jalen Hurts QB Philadelphia Eagles +1500
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Dak Prescott QB Dallas Cowboys +1500
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Tua Tagovailoa QB Miami Dolphins +1800
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Aaron Rodgers QB New York Jets +2000
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Trevor Lawrence QB Jacksonville Jaguars +2500
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Matthew Stafford QB Los Angeles Rams +3000
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Christian McCaffrey RB San Francisco 49ers +3500
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Kirk Cousins QB Minnesota Vikings +3500
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Anthony Richardson QB Indianapolis Colts +4000
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Jared Goff QB Detroit Lions +4000
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Justin Fields QB Chicago Bears +4000
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Kyler Murray QB Arizona Cardinals +5000
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Deshaun Watson QB Cleveland Browns +6000
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Baker Mayfield QB Tampa Bay Buccaneers +7500
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Tyreek Hill WR Miami Dolphins +7500
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Caleb Williams QB - +7500
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Geno Smith QB Seattle Seahawks +10000
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Russell Wilson QB Denver Broncos +10000
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Justin Jefferson WR Minnesota Vikings +12000
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Derek Carr QB New Orleans Saints +13000
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Jayden Daniels QB - +13000
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CeeDee Lamb WR Dallas Cowboys +13000
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Nfl Mvp Predictions

Favorites to Win 2024 NFL MVP

Patrick Mahomes, QB - Kansas City Chiefs

Mahomes is a two-time MVP and three-time Super Bowl MVP with nothing left to prove after just six years in the NFL. Last year was the worst statistical year of his career, but he still managed to throw for 4,183 yards, 27 touchdowns, and 14 interceptions with the eighth-best QBR in the league. The Chiefs had next to no offensive weapons last year, and it wouldn’t be a surprise to see them give Mahomes more horses to run with during the offseason.

Josh Allen, QB - Buffalo Bills

Allen tied an all-time QB rushing touchdown record (15) and tacked on 4,830 total yards, 29 passing TDs, and 18 INTs as the Bills won the AFC East for the fourth straight year. He nearly led the league in turnovers and basically became a running back over the final weeks of the season, but he’s proven he has the game-breaking ability and can look like the best player in the world at his best. Stefon Diggs’ future is up in the air, which could play a role here.

Joe Burrow, QB - Cincinnati Bengals

Burrow started the year with a debilitating calf injury, eventually returning to health, but then tore a ligament in his right wrist and missed the remainder of the season. He only managed 2,309 yards, 15 TDs, and six INTs in 10 games but eclipsed 4,400 yards and 34 TDs each of the two seasons prior. He’s also widely viewed as the second-best player in the league and has elite receiver talent around him, especially if Tee Higgins returns to Cincy.

Lamar Jackson, QB - Baltimore Ravens

Lamar won the MVP last year in spite of his somewhat pedestrian numbers. His case revolved heavily around the eye test and his impact on the game, but after watching the Ravens’ meltdown in the AFC Championship Game, many will be waiting to see him look like an MVP in the most important playoff games before they give him another shot in the regular season.

Jordan Love, QB - Green Bay Packers

Love was one of the fastest risers in the league last year. He had a rough period after a great first two weeks but finished the year throwing 23 TDs and three INTs over his final 10 games, including two in the playoffs (one being a road win against the second-seed Cowboys). That was only Love's first year of starting, and as the youngest offense in the NFL matures, he figures to climb the ranks relatively quickly.

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Who Won the NFL MVP in 2023?

Baltimore Ravens quarterback Lamar Jackson won the NFL MVP award in 2023 after leading his team to the best record in the conference. That marked his second MVP at the youthful age of 27, which is significant since no two-time MVP has not made the Hall of Fame.

NFL MVP History

The first award given to the most valuable player was known as the Joe F. Carr trophy and was awarded from 1938-1946. Mel Hein, a New York Giants center and linebacker, was the first player to receive the award.

The player recognized as the earliest winner of the modern MVP award, as voted by the AP, was Cleveland Browns rookie fullback Jim Brown in 1957.

Peyton Manning won more MVPs than any other player (five), followed by Aaron Rodgers.

Past NFL MVP Award Winners

YearPlayerPositionTeam
1957Jim BrownFBCleveland Browns
1958Jim BrownFBCleveland Browns
1959Johnny UnitasQBBaltimore Colt
1960Norm Van BrocklinQBPhiladelphia Eagles
1961Paul HornungHBGreen Bay Packers
1962Jim TaylorFBGreen Bay Packers
1963Y.A. TittleQBNew York Giants
1964Johnny UnitasQBBaltimore Colts
1965Jim BrownFBCleveland Browns
1966Bart StarrQBGreen Bay Packers
1967Johnny UnitasQBBaltimore Colts
1968Earl MorrallQBBaltimore Colts
1969Roman GabrielQBLos Angeles Rams
1970John BrodieQBSan Francisco 49ers
1971Alan PageDTMinnesota Vikings
1972Larry BrownRBWashington Redskins
1973O.J. SimpsonRBBuffalo Bills
1974Ken StablerQBOakland Raiders
1975Fran TarkentonQBMinnesota Vikings
1976Bert JonesQBBaltimore Colts
1977Walter PaytonRBChicago Bears
1978Terry BradshawQBPittsburgh Steelers
1979Earl CampbellRBHouston Oilers
1980Brian SipeQBCleveland Browns
1981Ken AndersonQBCincinnati Bengals
1982Mark MoseleyKWashington Redskins
1983Joe TheismannQBWashington Redskins
1984Dan MarinoQBMiami Dolphins
1985Marcus AllenRBLos Angeles Raiders
1986Lawrence TaylorROLBNew York Giants
1987John ElwayQBDenver Broncos
1988Boomer EsiasonQBCincinnati Bengals
1989Joe MontanaQBSan Francisco 49ers
1990Joe MontanaQBSan Francisco 49ers
1991Thurman ThomasRBBuffalo Bills
1992Steve YoungQBSan Francisco 49ers
1993Emmit SmithRBDallas Cowboys
1994Steve YoungQBSan Francisco 49ers
1995Brett FavreQBGreen Bay Packers
1996Brett FavreQBGreen Bay Packers
1997Brett Favre/Barry SandersQB/RBGreen Bay Packers/Detroit Lions
1998Terrell DavisRBDenver Broncos
1999Kurt WarnerQBSt. Louis Rams
2000Marshall FaulkRBSt. Louis Rams
2001Kurt WarnerQBSt. Louis Rams
2002Rich GannonQBOakland Raiders
2003Steve McNair/Peyton ManningQB/QBTennessee Titans/Indianapolis Colts
2004Peyton ManningQBIndianapolis Colts
2005Shaun AlexanderRBSeattle Seahawks
2006LaDanian TomlinsonRBSan Diego Chargers
2007Tom BradyQBNew England Patriots
2008Peyton ManningQBIndianapolis Colts
2009Peyton ManningQBIndianapolis Colts
2010Tom BradyQBNew England Patriots
2011Aaron RodgersQBGreen Bay Packers
2012Adrian PetersonRBMinnesota Vikings
2013Peyton ManningQBIndianapolis Colts
2014Aaron RogersQBGreen Bay Packers
2015Cam NewtonQBCarolina Panthers
2016Matt RyanQBAtlanta Falcons
2017Tom BradyQBNew England Patriots
2018Patrick MahomesQBKansas City Chiefs
2019Lamar JacksonQBBaltimore Ravens
2020Aaron RodgersQBGreen Bay Packers
2021Aaron RodgersQBGreen Bay Packers
2022Patrick MahomesQBKansas City Chiefs
2023Lamar JacksonQBBaltimore Ravens

How to Choose the Best Sportsbook for Betting on the NFL MVP 

Some states do not allow bettors to wager on the NFL MVP—however, users in those that do have a variety of options that they may use to place their best MVP futures bets.

One of the most important considerations should be line shopping, or hunting to find the best sportsbook that offers the most favorable odds for your favorite NFL MVP bet. Beyond that, choosing your sportsbook for MVP bets should look very similar to how it would during any other process.

Things to consider include sportsbook bonuses, user interface, accessibility and responsiveness, aesthetics, mobile app, and more.

How to Read NFL MVP Award Winner Odds

Reading MVP odds is exactly like reading most other odds. A “-” preceding a number means that a user must bet the listed amount to win $100. For example, -120 means the bettor must risk $120 to win $100 if the bet hits.

Conversely, a “+” preceding a number means that the user will win that amount with a $100 bet. So a +400 candidate will win $400 with a $100 bet if they go on to win the NFL MVP award.

Favorites are sometimes but not always indicated by a “-.” Because there are a plethora of options, most candidates will be plus-money (“+”) until the MVP race really takes shape and one or two players emerge as the top favorites.

NFL Most Valuable Player FAQ

What Is the Official Name of the NFL MVP Award?

How Is the NFL MVP Award Decided?

How Many Players Have Won Multiple NFL MVP Awards?

Has an NFL MVP Ever Had a Losing Record?

How Many Times Has Aaron Rodgers Won MVP?

Has a Rookie Ever Won NFL MVP?

Who Was the First NFL MVP Winner?

Who Is the Youngest NFL MVP Ever?

Who Is the Oldest Player to Win NFL MVP?

Are There Any NFL Franchises That Have Never Produced an MVP Winner?

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AUTHOR

Grant Mitchell

528 Articles

Grant is a sports and sports betting journalist who prides himself on delivering breaking news and insightful analyses of the industry. Grant graduated from Virginia Tech in 2021 and is feverishly pursuing his ambitions in the sports betting field.

In his free time, Grant can be found passionately watching sports, doing a workout, or searching for adventure with his friends.

More info on Grant Mitchell
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