NFL MVP Odds: Mahomes Appears To Be Runaway Train

For most of the first three months of the NFL season, Russell Wilson was the clear favorite to win the 2020 NFL MVP.

But ahead of Week 12, Patrick Mahomes leapfrogged him to become the slight odds-on favorite. Four weeks later, Mahomes is entrenched as the odds-on favorite to win the hardware.

Mahomes is now -300 to be selected the NFL MVP at ​Bovada, with Aaron Rodgers (+260), Josh Allen (+900), Derrick Henry (+2500) and Wilson (+8000) trailing him.

Wilson’s fall from grace has been something to behold considering he was the odds-on -190 fave in early November.

Mahomes and the defending champion Chiefs occupy the top spot on the Super Bowl oddsboard with a price of +170, while Rodgers’ Packers are second at +550. Wilson’s Seahawks come in at No. 5 at +1200 odds.

Here’s a look at the players with the best odds to win the 2020 NFL MVP Award at Bovada. For a full list of the top places to bet on football, head over to our Best NFL Sites page.

Who Is Favored to Win the NFL MVP Award?

2020 NFL MVP Odds
Player Odds
Patrick Mahomes -300
Aaron Rodgers +260
Josh Allen +900
Derrick Henry +2500
Russell Wilson +8000
Ryan Tannehill +10000
Kyler Murray +15000
Tom Brady +15000
Ben Roethlisberger +30000

Odds as of December 23 at Bovada

Wilson Has Lost All Momentum

Thanks to a 6-1 start, the Seahawks were on cruise control to start the season. Seattle has come back down to earth, however, and Wilson has cooled off in a big way in the process.

Seattle has gone 4-3 since, including a 17-12 home loss to the Giants as an 11-point favorite on December 6. In the Seahawks’ most recent win over Washington, Russ threw for just 121 yards, averaging only 4.5 yards per completion.

Seattle remains in control of its own destiny in the race for the NFC West title but regardless, Wilson’s MVP hopes are essentially dashed. The Wisconsin product ranks second in touchdown passes (37) but he’s thrown 13 interceptions, a career high and the second-most in the league.

Capper Cup

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Mahomes Out-Duels Brees In Week 15

Mahomes had his worst game of the season against the Dolphins in Week 14 with a three-interception performance. But the reigning Super Bowl MVP rebounded at the Mercedes-Benz Superdome vs New Orleans as he threw for 254 yards with three touchdowns and no interceptions in a 32-29 win.

Mahomes now sits comfortably in first in passing yards with 4,462, which is 300 more than second-placed Deshaun Watson, and he is third in touchdowns at 36. Additionally, his Kansas City Chiefs are on a nine-game winning streak and can clinch the top spot in the AFC this week against Atlanta.

Rodgers Continues His Red-Hot Pace

Rodgers has led the Packers to the No. 1 seed in the NFC with a record of 11-3. In a year in which many were projecting a regression for No. 12 – and only months after the Packers drafted his successor in Jordan Love – Rodgers has looked like his old self through 14 games and deserves to be at the forefront of the MVP conversation.

The two-time MVP award winner, who leads the NFL in touchdown passes (40), is going to be close to breaking his previous career high in TD scores (46), which in the process would also make him the all-time leader in TD passes by a Packers quarterback. Rodgers has only thrown four picks in 2020.

At this point in the campaign, if anyone is going to catch Mahomes, it’s Rodgers. That fact alone makes him an attractive bet at his +260 odds.

Jackson is Well Out of the Running

There were plenty of questions surrounding Jackson when he entered the 2018 NFL Draft, but the former Heisman Trophy winner answered all of those last year to become the 17th signal-caller since 2000 to become MVP. Marshall Faulk (2000, 2001), Shaun Alexander (2005), LaDainian Tomlinson (2006) and Adrian Peterson (2012) are the non-quarterbacks to win the award in that span.

Just how much of a surprise was Jackson’s triumphant 2019 campaign? The Louisville product opened the year as a +4100 long shot to garner the bragging rights as the best player in the NFL. He ended the season with 36 touchdowns and 3,127 passing yards while throwing only six interceptions.

More impressively, Jackson broke Michael Vick’s record for most rushing yards in a single season by a quarterback, finishing with 1,206 yards on the ground and seven scores.

Jackson hasn’t been nearly as dominant in the 2020 campaign and he has now fallen off the oddsboard completely.

For more football betting information, check out our NFL page.

How to Bet on NFL MVP Odds

Popular NFL bets include point spreads and totals (OVER/UNDER). For those looking for something different, you can wager on which player will be named MVP. As football season progresses, you’ll see the MVP action changing. To get in on the action, you can make a futures bet.

What is a Futures Bet?

A futures wager is a bet on events that will take place in time, like the Most Valuable Player award in the NFL. At your betting site of choice, you’ll see NFL MVP odds listed like so:

Dak Prescott +200

Tom Brady +250

Patrick Mahomes +400

Lamar Jackson +700

Unlike a moneyline bet where favorites would be marked with the minus sign (-) and underdogs with the plus sign (+), the fave here would be the player with the lowest odds. In this case it’s Dak Prescott.

Let’s say you have $55 to spend and you decide that you like Mahomes for MVP. A winning bet would give you a payout of $275 – your original $55 is returned along with your loot of $220. The higher the odds, the more money you’ll see. But, don’t bet on a +5000 MVP candidate in September in the hopes that you’ll make bank at the end of the regular season. Oddsmakers don’t only look at current performance when setting the odds. They also look at past performance, off-season activities and training camp.

Our Odds Calculator can show you how much you’d win based on the odds and amount wagered.

With futures bets, it’s important to snag odds early. As we get closer to the Super Bowl, the lines will move. Oddsmakers update the odds as players up their production or are plagued by injuries. Keep in mind that if you were to back a player in the MVP race and he suffers a season-ending injury, most sportsbooks will give you your money back since you technically didn’t lose the bet and have no way of winning it.

As soon as the Most Valuable Player trophy is awarded to the winner, sportsbooks will update the betting results and you can cash out your bet.

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