Betting odds for the winner of the 2023-24 NFL MVP award are available at top sports betting sites. Patrick Mahomes , the reigning MVP and a two-time winner of the award, is once again the favorite to win.
Joe Burrow and Josh Allen are next up in betting odds. Jalen Hurts and Justin Herbert round out the current top five. Here’s a look at what you need to know about betting on the NFL MVP award and the latest odds.
NFL MVP odds: Mahomes favored to win 2023-24 NFL MVP award
Sportsbooks have released odds on the winner of the 2023 NFL MVP award. Mahomes, last year’s winner, is the favorite, along with Joe Burrow and Josh Allen.
2023-24 NFL MVP odds tracker
Here’s a look at the odds for the top MVP contenders and the movement since the initial release of betting lines.
|Player||Current Odds||June 1 Odds||May 1 Odds||Mar. 29 Odds||Feb. 28 Odds||2024 Opening Odds|
NFL MVP odds tracker last updated: June 1
Favorites to win the 2023 NFL MVP
The race to win the next NFL MVP will continue to evolve as the offseason plays out and then over the course of the regular season. Here’s a look at the current betting favorites.
Patrick Mahomes, Kansas City Chiefs
- 2022 regular season stats: 67.1 CMP%, 5,250 YD, 41 TD, 12 INT, 105.2 RTG
Mahomes is the reigning MVP following another stellar regular season. The Chiefs went 14-3 during the regular season and claimed the AFC West title once again. Following victories over the Jaguars and Bengals in the playoffs, the club took down the Eagles to win the Super Bowl, with Mahomes winning the game’s MVP award. He’ll be on the hunt for his third regular season MVP.
Joe Burrow, Cincinnati Bengals
- 2022 regular season stats: 68.3 CMP%, 4,475 YD, 35 TD, 12 INT, 100.8 RTG
Burrow — one of the finalists to win the 2022 regular season MVP — and the Bengals fell to the Chiefs in the AFC title game. Now getting set for his fourth pro season, the former first overall draft pick has already built a strong resume. Cincinnati could well be a postseason contender once again, especially if the team’s offense continues its productive ways.
Josh Allen, Buffalo Bills
- 2022 regular season stats: 63.3 CMP%, 4,283 YD, 35 TD, 14 INT, 96.6 RTG
Allen and the Bills came up short in the postseason once again, falling to the Bengals in the divisional round. He was one of last year’s preseason MVP betting favorites and one of the finalists to win the award. Buffalo has advanced to the playoffs for the last four seasons in a row, but it has only made it to the conference championship once over that span.
Jalen Hurts, Philadelphia Eagles
- 2022 regular season stats: 66.5 CMP%, 3,701 YD, 22 TD, 6 INT, 101.6 RTG
Hurts was among the five finalists to win last year’s MVP. In addition to his passing stats, he also rushed for 760 yards and 13 touchdowns on the ground. Hurts also excelled in the postseason, ending with a four-TD outing in the Super Bowl loss to the Chiefs. As Hurts gets set for his fourth pro campaign, sportsbooks are expecting Philadelphia to be in the mix of contenders once again.
Justin Herbert, Los Angeles Chargers
- 2022 regular season stats: 68.2 CMP%, 4,739 YD, 25 TD, 10 INT, 93.2 RTG
The Chargers were one-and-done in the playoffs at the hands of the Jaguars. Herbert had another fine season, but his production dipped slightly from the previous year. He’s also entering his fourth pro season. Los Angeles will be looking to get over the hump in the AFC, and the performance of Herbert will likely be a big factor in how that shakes out.
Long shots to win the 2023 NFL MVP
The last non-QB winner of the NFL MVP award was Adrian Peterson in 2012. Last season, Justin Jefferson was among the five finalists. For the initial release of 2023 NFL MVP betting odds, he’s in the top 30. Other position players who are in the same range include Ja’Marr Chase , Tyreek Hill , Christian McCaffrey , Jonathan Taylor and Cooper Kupp .
NFL MVP line moves
Josh Allen entered last season as the betting favorite. He finished as one of the top five finalists, along with Joe Burrow, Jalen Hurts and Justin Jefferson, but it was ultimately Patrick Mahomes who claimed the award. Mahomes took over the lead in the odds as the regular season was winding down and never relinquished it. For the initial release of 2023 NFL MVP betting odds, Mahomes, Burrow and Allen are the top favorites.
Last 10 winners of the NFL MVP award
|2022||QB Patrick Mahomes||Kansas City Chiefs|
|2021||QB Aaron Rodgers||Green Bay Packers|
|2020||QB Aaron Rodgers||Green Bay Packers|
|2019||QB Lamar Jackson||Baltimore Ravens|
|2018||QB Patrick Mahomes||Kansas City Chiefs|
|2017||QB Tom Brady||New England Patriots|
|2016||QB Matt Ryan||Atlanta Falcons|
|2015||QB Cam Newton||Carolina Panthers|
|2014||QB Aaron Rodgers||Green Bay Packers|
|2013||QB Peyton Manning||Denver Broncos|
Teams with the most NFL MVP awards, 1957-present
|Packers||10||QB Aaron Rodgers, 2021|
|Colts||9||QB Peyton Manning, 2009|
|49ers||5||QB Steve Young, 1994|
|Browns||4||QB Brian Sipe, 1980|
|Rams||4||QB Kurt Warner, 2001|
|Broncos||3||QB Peyton Manning, 2013|
|Patriots||3||QB Tom Brady, 2017|
|Raiders||3||QB Rich Gannon, 2002|
|Vikings||3||RB Adrian Peterson, 2012|
|Commanders||3||QB Joe Theismann, 1982|
NFL MVP award winners by position, 1957-present
|Quarterback||47||Patrick Mahomes, Kansas City Chiefs, 2022|
|Running Back||18||Adrian Peterson, Minnesota Vikings, 2012|
|Defensive Tackle||1||Alan Page, Minnesota Vikings, 1971|
|Kicker||1||Mark Moseley, Washington, 1982|
|Linebacker||1||Lawrence Taylor, New York Giants, 1986|
Popular NFL futures bets
Betting on NFL futures usually means wagering on season-long outcomes. This includes betting on the winner of the AFC or NFC, the Super Bowl or the MVP. Futures can remain active from the time NFL lines come out through most or all of the season, depending on what you’re wagering on.
Futures betting requires a long-term perspective, as you don’t receive any payouts and your wager is locked up until the outcome on which you’re betting is official.
For the MVP award specifically, the outcome can be subjective. A panel of writers votes on the award. It’s another layer to consider for betting strategy.
As an example, the vote totals of a player who is not well-regarded on a personal level by members of the media can be affected, regardless of that player’s accomplishments on the field.
What is the official name of the NFL MVP award?
The Associated Press NFL Most Valuable Player Award has been awarded annually since 1957. While there are other honors handed out at the conclusion of the season, this is the only MVP award that’s officially sanctioned by the NFL.
How is the NFL MVP award decided?
A panel of 50 sportswriters casts their votes for NFL MVP at the conclusion of the regular season. The writers make a single selection each, with each vote equaling one point. The player with the most votes/points is the NFL MVP award winner.
Has there ever been a unanimous winner of the NFL MVP?
Yes, this has happened twice. Tom Brady received 50 out of 50 votes while winning his second MVP award with the New England Patriots in 2010. Lamar Jackson of the Baltimore Ravens did the same in 2019.
How many players have won multiple NFL MVP awards?
Nine players are multiple-time winners of NFL MVP. Peyton Manning has won the most all-time with five, followed by Aaron Rodgers with four. Jim Brown is among the four players who have won three, and is also the only non-QB to win multiple times.
Who was the last player to win consecutive NFL MVP awards?
Aaron Rodgers. The reigning NFL MVP also won the award in 2020. Prior to Rodgers, the last player to turn the trick was Peyton Manning in 2008-09. In the history of the award, just five players have won in consecutive years.