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USA TODAY > Betting > Sports > NFL MVP Odds 2024: Best NFL MVP Betting Odds & More

NFL MVP Odds 2024: Best NFL MVP Betting Odds & More

The NFL MVP award is the most prestigious individual honor an NFL player can win. That prestige also makes it one of the most highly contested postseason awards and this competition makes the NFL MVP odds one of the most watched wager types heading into an NFL season.
Updated May 7 2024, 10:00AM EDT
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    Boom Fantasy, founded in 2015 in Palo Alto and now based in New York City, also rewards existing customers with a terrific VIP Program. It prides itself on its user-friendly platform.
  3. Must be 18+/19+ NE, US Residents Only. Must be physically located in AK, AR, CA, DC, FL, GA, IL, KS, KY, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, or WI.  If you or someone you know has a gaming problem, get help online at www.icrg.org, www.ncpgambling.org, or https://responsibleplay.org, or call 1-800-426-2537 or 1-800-522-4700. T&Cs Apply.
    green tick Players earn badges that can track gambling habits.
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    USATODAY
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    Vivid Picks, in partner with Vivid Seats, looks to make a splash in the DFS industry with their new player prop product. It is the only app where you can buy tickets to a game and then make picks on the same game you're going to.
  4. Must be 18+ to participate & present in AK, CA, DC, GA, IL, KS, KY, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, or WI. T&Cs Apply.
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    NO
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    Established 2012
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    Players must be 18+ years of age or older (19+ AL/NE, 21+ AZ) and physically located in a jurisdiction in which DraftKings Pick6 operates (AL/AK/AR/AZ/CA/DC/DE/GA/IN/MN/MO/NC/NE/NH/NM/ND/OK/RI/SC/SD/TN/UT/VA/VT/WI/WV).
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    NOT REQUIRED
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    Player Props
    YES
    Minimum Deposit
    5
    24/7 Customer Service
    YES
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  6. Must be 18+ to participate. 19+ if you are legal resident of Nebraska. 21+ if you are a legal resident of Massachusetts.
    green tick Clean Mobile App
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    10
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    YES
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    FanDuel Sports
    Established 2009
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    Must be 18+ to participate. T&Cs apply. You must be at least nineteen (19) years of age at the time of account creation if you are a legal resident of Nebraska or Alabama or twenty-one (21) years of age if you are a legal resident of Iowa or Massachusetts.
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    YES
    FanDuel has been a major player in DFS since 2009 and offers some of the biggest prize pools in fantasy sports. There is a varied selection of contests, including head-to-heads, snake drafts and private tournaments.

How to Read NFL MVP Betting Odds

Current NFL MVP odds will be listed as either a positive or a negative number (in most cases for NFL MVP odds, it will be a positive number). For example,  the first iteration of 2024 NFL MVP odds have Patrick Mahomes as the favorite with +600 odds with most serious contenders priced at +3000 and lower.

This positive number indicates how much money you will win with a $100 bet, which in Mahomes' +600 odds case is $600. A negative number (e.g., -10000) illustrates how much money you need to bet in order to win $100. You can usually find these wagers in the NFL futures section of the top online sportsbooks.

The NFL Most Valuable Player odds can vary between sportsbooks, which gives bettors the opportunity to find value on a given player at one sportsbook versus another. Here are the six leading sports betting apps that offer NFL Most Valuable Player odds, along with their flagship introductory offer.

NFL MVP Betting Sites Welcome OfferPromo Code
BetMGM First Bet Offer Up To $1,500 USATODAY
Caesars Sportsbook First-Bet offer worth up to $1,000 on Caesars USATODAY1000
FanDuel Bet $5, Get $150 in Bonus Bets CLICK HERE
DraftKings Bet $5, Get $150 in Bonus Bets Instantly CLICK HERE
Fanatics Sportsbook Up to $100 in Bonus Bets Every Day for 10 Days CLICK HERE
BetRivers 2nd-Chance Bet up to $500 CLICK HERE

Lamar Jackson won his second-career NFL MVP trophy in 2023 by accounting for 29 total touchdowns and over 4,499 total yards en route to leading the Ravens to the No.1 seed in the AFC, (Photo by Kirby Lee/USA TODAY Sports)

How NFL MVP Odds Work

NFL MVP odds can vary by notable amounts, so your best option is to review the odds from various NFL betting apps shown above and then pick the one that has the highest payout for the player you think will win the 2023-24 NFL MVP award. 

The odds to win NFL MVP are not based solely on how a player does on the field, as the voters have shown that they take other factors into account when deciding who will win this award. Keeping that in mind, here are some things to consider when reviewing 2023-24 NFL MVP betting odds. These tips can also help when you are thinking about making wagers based on NFL odds.

Favorites

The favorites for this award are almost always quarterbacks from the best teams in the NFL, so field generals such as Patrick Mahomes, Josh Allen, Joe Burrow and Lamar Jackson are unsurprisingly the headliners in the initial odds release. Players from other positions almost never join this favorites category, as it has been since 2012 that a non-quarterback won this award.

Underdogs

It's not unheard of for underdogs to win the Most Valuable Player award, as over the past eight years Lamar Jackson (2019), Matt Ryan (2016) and Cam Newton (2015) all won this honor despite being Most Valuable Player underdogs coming into the season. This is a good reason to consider wagering 2024-25 underdogs such as C.J. Stroud (+1400), Trevor Lawrence (+2500), Matthew Stafford (+3000) and Anthony Richardson (+4000). These odds are courtesy of DraftKings.

NFL Futures

Super Bowl NFL futures markets are made available right after the end of the previous season's Super Bowl and NFL MVP futures are also among the first markets to open for the upcoming season. For those of you still learning how to bet on sports, this allows you to get ahead of the betting curve by placing your NFL futures wagers before the season gets underway and thus can be a profitable approach if you pick players whose upside has yet to be fully acknowledged by the betting public.

Patrick Mahomes opened as the favorite to win NFL MVP in 2024. It would be the third MVP award of his career. (Photo by Joe Camporeale/USA TODAY Sports)

How to Choose the Best Odds to Win NFL MVP

Choosing the best odds to win NFL MVP can be a multi-faceted process, so many savvy sports bettors use various methods to do so. These include the following:

Consistency

Players who have an established track record of success tend to have an easier time getting NFL Most Valuable Player votes than players who have yet to prove themselves capable of being consistent performers at the highest level.

Here are four 2024 NFL MVP candidates who have displayed this consistency (odds per BetMGM):

  • Patrick Mahomes (+600): Mahomes is not only setting out for the first three-peat in the Super Bowl era for the Kansas City Chiefs, he is also searching for the third MVP award of his illustrious career. He opens as the favorite for the 2024 NFL MVP.
  • Josh Allen (+800): Allen finished fifth in MVP voting in 2023 and will enter the year behind only Mahomes in the MVP odds. He led the NFL in total touchdowns (51) last season.
  • Joe Burrow (+900): A wrist injury cut Burrow's season short in 2023 but the Bengals' signal caller is considered a serious contender for the MVP Award in 2024.
  • C.J. Stroud (+1100): Stroud burst onto the scene in 2023 by winning Offensive Rookie of the Year and now has his sights set on an MVP trophy to add to his collection.
  • Lamar Jackson (+1200): Lamar Jackson won his second MVP trophy in 2023 with a dominant season that put him one vote shy of a unanimous MVP distinction.

Choose the Best Sportsbooks

To highlight how to choose the best sportsbooks for placing your NFL MVP wagers, consider C.J. Stroud's current NFL MVP odds at BetMGM (+1100), Caesars Sportsbook (+1200), FanDuel (+1100) and DraftKings (+1400).

The betting public at FanDuel thinks that Stroud has a greater chance of winning the 2024-25 NFL MVP than bettors at the other online sportsbooks, but savvy bettors who think Stroud will garner this award will place that bet at DraftKings or Caesars due to the higher payout levels there.

These sportsbooks also offer guidance for how to bet on the NFL and how to bet on the Super Bowl, as well as providing information on NFL Most Valuable Player betting odds.

Betting Options

In addition to a wager directly on 2024 NFL MVP odds or for making NFL picks and predictions, you can also place a bet on certain players versus the field. For example, Caesars Sportsbook offered -240 odds on any player other than Patrick Mahomes, Joe Burrow or Josh Allen to win the NFL MVP.

You can also make NFL MVP parlay wagers as part of a multi-legged bet that can be combined with other NFL futures such as a Week 1 wager, over/unders on team win/loss totals or if an NFL team will qualify for the playoffs in the 2023 season. Payouts are bigger for successful NFL parlays because the risk is greater.

Where to Find the Best NFL MVP Odds

Since the NFL Most Valuable Player odds can vary depending on where you place your bets, you may want to consider signing up for a new account using one or more of the top sportsbook promo codes. Here is an overview of six of those deals, along with one or more areas where each sports betting app stands out, plus who is currently the NFL Most Valuable Player odds leader at that sportsbook.

1. BetMGM

BetMGM is one of the best places to make parlay wagers, as it has an Easy Parlay feature that lives up to its name. It also offers additional wager protection through its Cash Out and Edit My Bet features. You can use these features by signing up for an account using the BetMGM bonus code USATODAY that gets new customers a welcome offer worth up to $1,500. Simply make an initial wager of at least $5 and you will receive a refund in bonus bets if the bet loses.

BetMGM is now live in North Carolina, where new customers can find a generous BetMGM North Carolina bonus code offer.

2. Caesars Sportsbook

Caesars Sportsbook posts more odds boosts than its competitors and it allows you to bet on individual players to win the NFL Most Valuable Player award or to wager on the field versus certain favorites. The Caesars Sportsbook promo code USATODAY1000 gives new users a first bet offer worth up to $1,000 on Caesars. If your first bet is graded as a loss, you receive a one-time bonus bet equivalent to your initial wager up to $1,000. Bonus bet expires 14 days after issuance.

Football fans can check out the Caesars Sportsbook North Carolina promo code now that online sports betting is legal in the Tar Heel State. 

3. Fanatics Sportsbook

The Fanatics Sportsbook promo code gives new customers who establish an active account up to $1,000 in bonus bets – up to $100 a day for the first 10 days after you open your new account. To participate, you must place a qualifying wager of $5 or more on any market with odds of -200 or longer each day. Once that bet settles, you will receive a bonus bet equal to the amount of your wager, up to $100.

4. FanDuel

FanDuel often has higher payouts for wagers than most other online sportsbooks. The FanDuel promo code has a great new offer with $150 in bonus bets up for grabs. Simply create your account, make a deposit of at least $10 and place a $5 wager on any market. If your first bet wins, you get $150 in bonus bets ($300 in MA & OH).

The FanDuel North Carolina promo code is now available in NC and gets new customers $200 in bonus bets.

5. DraftKings

In addition to having odds to win the NFL Most Valuable Player award, DraftKings also offers betting markets for individual awards such as Offensive or Defensive Rookie of The Year, Comeback Player of The Year and Coach of The Year. The DraftKings promo code gets you $150 in bonus bets instantly when you make a first wager of at least $5. 

NFL fans in North Carolina can now take advantage of the DraftKings North Carolina promo code for $200 in bonus bets.

6. BetRivers

BetRivers is an underrated online sportsbook, as it has an array of sports betting markets and wager types that matches or exceeds many other sports betting apps. Using the BetRivers promo code generates a second-chance bet of up to $500, though the amount varies depending on your location. Patrick Mahomes is the BetRivers odds leader for the 2023 NFL Most Valuable Player award, as he has +700 odds.

7. ESPN BET

ESPN BET kicked off its launch with a generous promotion for new customers. First-time customers who use ESPN BET promo code TODAY at signup get a First-Bet Reset that pays back losing opening wagers with up to $1,000 in bonus bets.  In order to claim the ESPN BET promo code, new users must copy in the promo code -- TODAY.

Bonus bets do not have real cash value, but any winnings from the bonus bets will have real cash value that will be credited to your account upon the wager being settled. Note that bonus bets must be placed within seven days of issuance.

How to Bet on NFL MVP Odds

Although there are many different elements in the various sportsbook promo codes, the process to sign up for these deals is quite similar. Here are five account registration steps that apply to each of them.

  1. Click any BET NOW button in this review for your preferred online sportsbook. This will bring up an online registration page for that sports betting app.
  2. Fill out this page by providing some basic personal information such as name, address and email address and then create a username and password.
  3. When applicable, type in the bonus or promo code requested, such as Caesars Sportsbook promo code USATODAYGET.
  4. Confirm via GPS that you are located in a state where your preferred online sportsbook is licensed and operates, then verify that you are legally old enough to place an online sports betting wager in that state.
  5. Make the required initial deposit. If you are using a mobile device, you will need to download the online sportsbook's app prior to making your deposit.

States With NFL MVP Betting

There are nearly 30 states and the District of Columbia that currently post live NFL MVP odds and Super Bowl odds, as these locations have approved online sports betting for these particular markets. 

Include the best Kentucky betting apps and North Carolina betting apps on that list. Along with New Jersey, Michigan and Massachusetts, these are among the biggest sports betting markets in the US:

Get the Best NFL MVP Odds Today

The NFL Most Valuable Player odds can shift throughout training camp, the preseason and the NFL regular season, so you will want the ability to place wagers at the most favorable opportunities. The best way to do this is to sign up for one or more of the online sportsbooks listed on this page and then keeping an eye on the odds adjustments throughout the year. These sportsbooks are also among the top Super Bowl betting sites, so you can make wagers all the way through to the big game.

NFL MVP Odds FAQs

Patrick Mahomes of the Kansas City Chiefs is the NFL MVP favorite for 2024 with +600 odds. Strong contenders like Josh Allen, Joe Burrow, Lamar Jackson and C.J. Stroud all have competitive odds as well.
Quarterbacks for Super Bowl-contending teams often comprise the top tier of the MVP odds standings and this year is no different. Kansas City's Patrick Mahomes leads the way in the early MVP odds, followed by Josh Allen, Joe Burrow and Lamar Jackson.
It's as simple as signing up at one of the online sportsbooks like BetMGM, Caesars, Fanatics and placing you NFL MVP bet. These sportsbooks all offer great welcome offers for new players.
The best sportsbooks to bet on NFL Most Valuable Player odds depend on what you are looking for from an online sportsbook. If you want odds boosts, Caesars Sportsbook will be your selection since it has hundreds of these posted every week. Ease of placing parlay wagers is a big plus for BetMGM. DraftKings and FanDuel both have huge selections of sports betting markets, while BetRivers affords you interesting ways to go against the beaten path in sports betting. You can also sign up for multiple online sportsbooks and benefit from all of these wager upside elements.
Kansas City Chiefs quarterback Patrick Mahomes is the NFL MVP favorite for 2024. He has won the award twice already in 2018 and 2022.
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    green tick Ability to make multiple picks across the NFL, NBA, MLB & NHL.
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    green tick Famous for their Micro-Betting markets that allow you to bet on very specific in-game moments.
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    Betr, founded by internet celebrity Jake Paul & Simplebet cofounder Joey Levy, has released it's daily fantasy platofrm which has a wide variety of picks and markets that ranks them as one of the top apps to dowload in the industry
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    green tick Play Boom Fantasy Jackpot Games
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    Promo Code
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    Payout Time
    1 Business Day
    Player Props
    YES
    Minimum Deposit
    10
    24/7 Customer Service
    YES
    Boom Fantasy, founded in 2015 in Palo Alto and now based in New York City, also rewards existing customers with a terrific VIP Program. It prides itself on its user-friendly platform.
  3. Must be 18+/19+ NE, US Residents Only. Must be physically located in AK, AR, CA, DC, FL, GA, IL, KS, KY, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, or WI.  If you or someone you know has a gaming problem, get help online at www.icrg.org, www.ncpgambling.org, or https://responsibleplay.org, or call 1-800-426-2537 or 1-800-522-4700. T&Cs Apply.
    green tick Players earn badges that can track gambling habits.
    green tick Ability to follow your friends and favorite experts.
    green tick Weekly Boosted Player Entry Props.
    Promo Code
    information icon
    USATODAY
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    YES
    Payout Time
    3 - 5 Days
    Player Props
    YES
    Minimum Deposit
    10
    24/7 Customer Service
    YES
    Vivid Picks, in partner with Vivid Seats, looks to make a splash in the DFS industry with their new player prop product. It is the only app where you can buy tickets to a game and then make picks on the same game you're going to.
  4. Must be 18+ to participate & present in AK, CA, DC, GA, IL, KS, KY, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, or WI. T&Cs Apply.
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    NO
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    DraftKings Sports
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    Play $5, Get $50
    Players must be 18+ years of age or older (19+ AL/NE, 21+ AZ) and physically located in a jurisdiction in which DraftKings Pick6 operates (AL/AK/AR/AZ/CA/DC/DE/GA/IN/MN/MO/NC/NE/NH/NM/ND/OK/RI/SC/SD/TN/UT/VA/VT/WI/WV).
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    green tick Weekly Cash Prizes as Well As Daily Contests
    green tick Loads of Ongoing Promos for Existing Customers
    Promo Code
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    NOT REQUIRED
    Cashout
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    Payout Time
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    Player Props
    YES
    Minimum Deposit
    5
    24/7 Customer Service
    YES
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  6. Must be 18+ to participate. 19+ if you are legal resident of Nebraska. 21+ if you are a legal resident of Massachusetts.
    green tick Clean Mobile App
    green tick Progressive Jackpot Contests
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    Promo Code
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    USATODAY
    Cashout
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    Payout Time
    2-3 Business Days
    Player Props
    YES
    Minimum Deposit
    10
    24/7 Customer Service
    YES
  7. 7
    FanDuel Sports
    Established 2009
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    Deposit Match Up to $100
    Must be 18+ to participate. T&Cs apply. You must be at least nineteen (19) years of age at the time of account creation if you are a legal resident of Nebraska or Alabama or twenty-one (21) years of age if you are a legal resident of Iowa or Massachusetts.
    green tick Free Entries for Both New & Existing Players
    green tick Large Prize Pools & Excellent Rewards Program
    green tick Exclusive Contests and Mega Payouts
    Promo Code
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    NOT REQUIRED
    Cashout
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    Payout Time
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    Player Props
    YES
    Minimum Deposit
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    24/7 Customer Service
    YES
    FanDuel has been a major player in DFS since 2009 and offers some of the biggest prize pools in fantasy sports. There is a varied selection of contests, including head-to-heads, snake drafts and private tournaments.

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KC Joyner  for USAToday.com
KC Joyner 24 Articles written
KC Joyner is one of the pioneers of the football analytics movement. He was a Senior Writer for ESPN, covering fantasy football, the NFL, college football, and the NFL draft for 14 years. He has also penned material for The Athletic, The New York Times and The Philadelphia Inquirer. KC’s Scientific Football book series broke new ground in the football analytics world and was purchased by nearly half of NFL teams.