NFL MVP Odds, Candidates, Best Bets: Mahomes Odds-On Favorite, Stroud Third

As teams and players prepare for the upcoming season with offseason training activities, sportsbooks have released their lists of 2024 NFL MVP odds with a familiar face leading the pack.

Kansas City Chiefs QB, two-time MVP, and reigning Super Bowl MVP, Patrick Mahomes, is the favorite to win the 2024 NFL MVP, followed by Josh Allen and Joe Burrow. Second-year QB C.J. Stroud is fourth, followed by the reigning MVP, Lamar Jackson.

We have provided a full look at this list of NFL MVP odds, along with analyses of the top candidates, information on the history of the award, and much more.

NFL MVP Odds

Odds provided by FanDuel Sportsbook. Click the odds in the table below to place your bets and claim the bonus at FanDuel: Bet $5, Get $200 in Bonus Bets.

Favorites to Win 2024 NFL MVP

Patrick Mahomes (+500) - QB, Kansas City Chiefs

Mahomes has done just about everything there is to do in the NFL, which is why many believe he is on pace to catch Tom Brady in the G.O.A.T. race. Travis Kelce is 34 years old and just had his first season below 1,000 yards receiving since 2015, but the team invested a first-round pick into WR Xavier Worthy and acquired Marquise “Hollywood Brown” to give Mahomes more weapons.

Bet on Patrick Mahomes (+500) at FanDuel 

Josh Allen (+800) - QB, Buffalo Bills

Allen is playing with what is probably the least-talented team he’s had around him in years. The Bills moved off of Stefon Diggs in the offseason and left him with a receiving trio of Khalil Shakir, Keon Coleman, and Curtis Samuel, plus Dalton Kincaid and Dawson Knox at tight end. Allen commits a lot of turnovers but will make plays with his arm and tied an NFL QB record with 15 rushing touchdowns last year.

Bet on Josh Allen (+800) at FanDuel 

C.J. Stroud (+1000) - QB, Houston Texans

Stroud is a popular name amongst NFL fans because of his outstanding rookie season a year ago. The Ohio State product totaled 4,106 yards, 23 touchdowns, and five INTs in 15 games despite playing with a young team and losing his favorite wideout, Tank Dell, to injury. The Texans got better by adding Diggs and Joe Mixon but won’t catch anyone by surprise, plus there’s plenty of film on Stroud for opposing coordinators to study.

Bet on C.J. Stroud (+1000) at FanDuel 

Joe Burrow (+1000) - QB, Cincinnati Bengals

Burrow suffered season-ending injuries in two of four professional seasons of football, making him a real gamble in futures betting. At his best, he’s proven to be the third-best QB in the league at minimum, and he’s gone on the road to beat Mahomes in his stadium in the playoffs. He racked up 4,475 yards, 35 touchdowns, and 12 interceptions in 2022 and will hope to get back to that level after an injury-riddled 2023 campaign.

Bet on Joe Burrow (+1000) at FanDuel 

Lamar Jackson (+1400) - QB, Baltimore Ravens

Jackson won the MVP last year based mostly on the eye test and his overall impact on the Ravens’ success rather than his numbers. His best statistical season came in 2019, and he could lose some of his responsibility in Baltimore’s offense following the arrival of RB Derrick Henry. He’ll also have to overcome voter fatigue if he wants to win his third MVP.

Bet on Lamar Jackson (+1400) at FanDuel 

Who Won the NFL MVP in 2023?

Ravens QB Lamar Jackson won the NFL MVP in 2023 after he led his team to a 13-4 record and the number-one seed in the AFC. Jackson finished the year with 3.678 passing yards, 24 touchdowns, and seven interceptions, to go with 821 rushing yards and five rushing TDs.

NFL MVP History

The NFL MVP was previously known as the Joe F. Carr Trophy, which was awarded annually from 1938-46. Former New York Giants center and linebacker Mel Hein was the first player to win the Carr Trophy.

The first winner of the modern MVP award, as voted by the Associated Press, was Cleveland Browns fullback Jim Brown in 1957. Coincidentally, Brown is the only rookie and the youngest player ever to win the award.

Former Indianapolis Colts and Denver Broncos quarterback Peyton Manning holds the record with five regular-season MVP trophies. New York Jets QB Aaron Rodgers is second with four (all of which were won during his time with the Green Bay Packers).

Past NFL MVP Award Winners

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.

If you need help with odds, feel free to check our Odds Calculator and Converter.