NFL MVP Odds, Candidates, Best Bets: Josh Allen Ends 2024 as the MVP Favorite

• Josh Allen is the MVP favorite post-Week 18

• Lamar Jackson won last year’s MVP and had a better season this year

• Saquon Barkley is fourth in odds after he ran for more than 2,000 yards

Now that the dust has settled in the 2024-25 NFL season, the odds to win the NFL MVP are somewhat set in stone.

Some fluctuation will happen based on public input and reports, but the bottom line is that there are no more games to be played—at least ones that will affect the NFL MVP odds. 

Josh Allen and Lamar Jackson are the obvious top-two for the award, while Joe Burrow is third in odds despite his Cincinnati Bengals failing to qualify for the postseason.

Here’s a final recap of NFL MVP odds and the cases for the top candidates.

2024 NFL MVP Odds

Important note: The betting market for NFL MVP has been closed for the season. Check our Super Bowl MVP Odds and Predictions for more betting action in the NFL Playoff season.

Favorites to Win 2024 NFL MVP

Josh Allen (-400) - QB, Buffalo Bills

Allen finished the season with 3,731 passing yards (14th), 28 passing touchdowns (t-7th), six interceptions, 531 rushing yards, and 12 rushing touchdowns, and was second in QBR. He led the standout wins over the Chiefs and Lions and took care of the football better than he did at any point in his career while leading the Bills to another AFC East title. All that said, he threw for less than 200 yards in three of his last five games and didn’t start the year great either. 

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Lamar Jackson (+300) - QB, Baltimore Ravens

Jackson became the only player with 4,000 passing yards and 900 rushing yards in the same season as he finished the year with 4,172 passing yards (sixth), 41 passing TDs (t-2nd), four interceptions, 915 rushing yards, four rushing TDs, and led the league in QBR. He lost matchups with the Chiefs, Steelers, and Eagles, but also turned in numerous herculean efforts. Voter fatigue or not, he had the best statistical season for a 12-5 Ravens team that won its division.

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Joe Burrow (+2200) - QB, Cincinnati Bengals

Burrow dragged a Bengals team that sabotaged him at nearly every turn to 9-8 while throwing for 4,918 yards (first), 43 touchdowns (first), and nine interceptions, resulting in him ranking third in QBR. In the Bengals LOSSES, he averaged 308.1 passing yards and had 21 TDs to three INTs. It feels impossible to award the MVP to a player whose team missed the playoffs, but there’s a real argument that Burrow was the best player in the league.

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Saquon Barkley (+7000) - RB, Philadelphia Eagles

Barkley, who only played in 16 games and is in his first year with the Eagles, ran for 2,005 yards (125.3 per game) and 13 touchdowns on 5.8 yards per carry. He set a career-high with 255 rushing yards on 9.8 yards per carry to go with two touchdowns in a 37-20 win over the LA Rams and was the best player on a Philly offense loaded with talent. He now ranks eighth for most rushing yards in a season, second only to Derrick Henry among active players.

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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.

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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.