2023-24 NFL MVP Odds Tracker – Opening Favorites Include Mahomes & Burrow

• NFL MVP odds for the 2023-24 NFL season have opened
• Patrick Mahomes is the favorite to win the 2023-24 NFL MVP
• Track the NFL MVP odds movement over the course of the season for all contenders

Since 1957, the Associated Press has been presenting a Most Valuable Player award to the NFL’s most deserving candidate – also read as the best quarterback in the league. The odds to win the 2023-24 NFL MVP have now opened as we head into the 2023-24 NFL offseason.

Check out the NFL MVP odds available at our most trusted sportsbooks below; the graphs show each player’s average odds to win NFL MVP.

NFL MVP Odds

• Top 5
• Top 10
• Top 20
• 21 & Up

It’s no surprise to see Patrick Mahomes’ name atop the board after winning his second NFL MVP award in his first five seasons last year. Based on the way Joe Burrow has played the last two seasons, we shouldn’t really be shocked to see him just under Mahomes with the second-best odds to win the NFL MVP next season.

Young quarterbacks were really starting to take over the NFL MVP odds last season, but they are basically all of the favorites right now. Aaron Rodgers is the only player among the top 13 NFL MVP favorites who is older than 30.

Odds to Win 2023-24 NFL MVP

Patrick Mahomes is currently the favorite to win the 2023-24 NFL MVP with +700 odds. If you bet $50 on the Chiefs QB to win the award, you’d stand to win $350 and return $400. Based on the odds, Mahomes has a 12.5% chance to win NFL MVP this coming season.

Some other notable players to mention include: Jalen Hurts at +1100, which are the fourth-best odds on the board one year after opening at +4500; both Brock Purdy (+2500) and Trey Lance (+3500) were given short odds to win NFL MVP at opening, but Purdy saw his odds fall way off to +7500 in the spring, only to recover to +5000 (tied with Lance now) in the summer; Aaron Rodgers is listed at +1600 after being traded to the Jets; Tom Brady is not given odds after retiring for the second time; and there are 25 quarterbacks given better odds than the top non-QB, which is Christian McCaffrey at +8000 odds.

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Here are some notes on the NFL MVP odds movement:

• [July 13] With all signs pointing to Brock Purdy being ready for the 2023 NFL season, his MVP odds have improved from +7500 to +4500. Trey Lance, who has been rumored to be losing the backup job in San Francisco to Sam Darnold, has seen his odds fade from +3500 to +5000.
• [April 24] After officially being traded to the Jets, Aaron Rodgers’ NFL MVP odds are listed at +1800. His odds were as short as +1600 a month ago, but faded a little in the last few weeks. Jordan Love, who will be the new starting quarterback for the Packers, also saw his odds hold where they were at +3500.
• [March 20] Aaron Rodgers’ NFL MVP odds have remained at +1600 throughout the negotiations between the Packers and Jets. Justin Fields has seen his odds improve from +3000 to +2000 with the Bears adding DJ Moore and some notable defensive names as they look ready to compete in the NFC North. Brock Purdy saw his odds plummet from +2500 to +7500 after successful elbow surgery that will reportedly have him ready in six months, which puts him on track to be ready around Week 2.
• [February 12] Patrick Mahomes, who won the award last season, and Joe Burrow have opened as co-favorites to win the 2023-24 NFL MVP. Both players opened at +650 odds, with Josh Allen, Justin Herbert, and Jalen Hurts rounding out the top five contenders.

NFL MVP Betting Trends

• A quarterback has won each of the last ten NFL MVP awards
• Since 2001, only three non-QBs have won the award – all were running backs
• Since 2001, only one player has won NFL MVP without their respective team winning at least 11 games – Adrian Peterson’s Vikings won 10 games in 2012

Top Contenders by Position

• QBs
• Non-QBs
• RBs
• WR/TE

Of the 66 NFL MVP awards handed out, 45.5 have gone to quarterbacks – Brett Favre and Barry Sanders shared the honors in 1997. Looking to the remaining 20.5, 17.5 of them were running backs, two were defensive players, and one was a placekicker.

• Alan Page (1971) and Lawrence Taylor (1986) were the two defensive players to win the award
• Mark Moseley (1982) was the lone kicker to win an MVP, after he nailed an NFL-high 20 field goal attempts – he attempted 21 – for Washington
• Jim Brown won the first two MVP awards in 1957 and 1958
• The most recent RB to be named MVP was Adrian Peterson in 2012

Odds For Previous NFL MVP Winners

Aaron Rodgers leads all active players with four NFL MVPs. Rodgers still trails Peyton Manning, who holds the all-time record with five.

Last 10 NFL MVP Winners

Patrick Mahomes won the 2022-23 NFL MVP after an incredible season without Tyreek Hill. Aaron Rodgers has won the award in two of the last three seasons. Each of the last ten NFL MVP awards have now gone to a quarterback. Adrian Peterson was the last non-QB to win the award, when he took home the honor in 2012.

Teams with Most NFL MVP Winners

Thanks to Aaron Rodgers’ most recent NFL MVP award, the Packers have taken over as the team with the most NFL MVPs. The Colts had five MVP winners during their time in Baltimore – Johnny Unitas accounted for three – but Peyton Manning provided four more when they moved to Indianapolis.

You may be a little surprised to see Cleveland on here, but keep in mind the NFL MVP has been awarded since 1957. Jim Brown won the first two and added a third in 1965.

Thanks to the Greatest Show on Turf, the Rams are the only team to win the award in three consecutive seasons – Brett Favre won it for the Packers in three straight, but he shared the award in 1997 with Barry Sanders.

Teams with No NFL MVP Winners

Patrick Mahomes was the first Kansas City Chief to ever win the NFL MVP award in 2018, and Lamar Jackson became the first ever Raven to win it in 2019.

The city of Baltimore did get to see five MVPs when they had the Colts, though.

Archived MVP Odds: 2022, 2021, 2020, 2019, 2018