NFL MVP Odds, Candidates, Best Bets: Josh Allen Steals the Lead After Bills’ Win Over Chiefs

• Josh Allen overtook Lamar Jackson as the MVP odds leader

• Jared Goff went from seemingly being out of the race to third in odds

• Justin Herbert was arguably the biggest winner of Week 11

Josh Allen is the new NFL MVP odds leader following an outstanding showing and a win against the Kansas City Chiefs in Week 11.

Lamar Jackson, who had stood alone at the top of the odds board for about a month, is still just behind Allen but fell after his Baltimore Ravens lost to the Pittsburgh Steelers. Justin Herbert is also tantalizingly close to the top five as he has the Los Angeles Chargers looking like legitimate Super Bowl contenders.

Here’s where NFL MVP odds stand ahead of Week 12, along with an analysis of the top candidates and their respective cases, betting history, and more.

2024 NFL MVP Odds

Odds provided by Caesars Sportsbook. Use our promo code WSN1000 to place your bets at Caesars and claim the bonus: $1,000 First Bet on Caesars OR $250 in Bonus Bets.

Favorites to Win 2024 NFL MVP

Josh Allen (+160) - QB, Buffalo Bills

What a difference one week can make! Allen, who started the year with humble box scores and who lost important matchups against the Ravens and Texans, was brilliant in a home win that ended the Chiefs’ undefeated season., going for 317 total yards, two touchdowns, and an interception. His 26-year TD run with 2:17 remaining will serve as his “Heisman moment,” and he’s seventh in passing yards, sixth in passing TDs, and fourth in QBR.

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Lamar Jackson (+180) - QB, Baltimore Ravens

Jackson was corralled to 253 total yards, a touchdown, and an interception, and completed less than 50 percent of his passes in Sunday’s 18-16 loss to the Steelers. Despite having an off day, he’s still second in passing yards, passing touchdowns, and QBR, and only has three INTs on the year—all of which arguably weren’t his fault. This was his first bad game since Week 2, and he faces the Chargers’ league-best defense next week.

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Jared Goff (+550) - QB, Detroit Lions

Goff went from throwing five interceptions in primetime last week to going for 412 yards and four touchdowns in a 52-6 rout of the Jacksonville Jaguars. He ranks ninth in passing yards, fourth in touchdowns, and 14th in QBR, and leads a Lions team that scored more points per game (33.6) than any team in football. His main impediment is the talent and performance of everyone on his offense and his coaching staff.

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Patrick Mahomes (+1200) - QB, Kansas City Chiefs

Inserting our personal bias here, we’re sick of seeing Mahomes at or near the top of MVP odds. He only has 15 touchdowns after 10 games, by far the lowest mark of his career, and is tied for the league lead in interceptions. He only came up with 196 yards, three touchdowns, and two interceptions in the loss to the Bills, and the Chiefs’ previously-undefeated campaign was largely on the back of the defense, not his individual brilliance.

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Jalen Hurts (+1400) - QB, Philadelphia Eagles

Hurts’ odds did not change following an important home win against the Commanders on TNF, largely because he was somewhat of a passenger in the win. He threw for 221 yards and tush-pushed a touchdown, but it was Saquon Barkley who made the winning plays and was obviously the best Eagle on the field. That said, Hurts is ninth in QBR and has 23 total TDs to five INTs, and Philly is on a six-game winning streak.

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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 Championship. 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 sportsbooks that offer 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. More info on the best NFL betting sites can be found in our detailed guide.

*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

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.