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MLB MVP Odds: Abreu and Freeman Are Odds-On Favorites

MLB MVP Betting Odds November 6 2020 Jose Abreu Freddie Freeman

After an abbreviated 60-game MLB season that saw the Los Angeles Dodgers win their first World Series championship since 1988, Major League Baseball has released the finalists for the Most Valuable Player awards and sportsbooks quickly updated their MLB MVP odds.

In the American League, Jose Abreu of the Chicago White Sox is the betting favorite in AL MVP odds at -200 while sluggers Jose Ramirez (+160) of the Cleveland Indians and DJ LeMahieu (+1400) of the New York Yankees are the other contenders.

In the National League, Freddie Freeman of the Atlanta Braves is the overwhelming favorite at -600 in NL MVP odds. Trailing the first baseman is Los Angeles Dodgers star Mookie Betts (+375) and San Diego Padres 3B Manny Machado (+2500).

The winners of the MLB MVP awards will be announced on November 12. The AL and NL Cy Young Award winners will be revealed on November 11 and the AL and NL Rookies of the Year are expected to be announced on November 9.

Who is the Favorite in MLB MVP Odds?

Odds to Win 2020 American League MVP
Jose Abreu-200
Jose Ramirez+160
DJ LeMahieu+1400

Odds as of November 6 at Bovada

Odds to Win 2020 National League MVP
Freddie Freeman-600
Mookie Betts+350
Manny Machado+2500

Odds as of November 6 at Bovada

Why Abreu and Freeman Are The Favorites in MLB MVP Odds

Jose Abreu and Freddie Freeman are almost a lock to win these awards based on current MLB MVP odds and the best baseball betting sites have them as odds-on favorites before the announcement on November 12. Let’s discuss their candidacy below:

Jose Abreu

The Chicago White Sox’s Jose Abreu may not be a household name like a lot of the sluggers in the American League but since coming to MLB in 2014, he’s done nothing but rake. He had a spectacular rookie season and the talent has always been there even if the White Sox were devoid of it nearly everywhere else.

Abreu finished 2020 with 19 home runs and 60 RBIs in 60 games for the White Sox, with the South Siders making the playoffs for the first time since 2008. Abreu also has the good fortune of standing out in a year in which there wasn’t really another player that made such a splash that they have to be recognized.

That’s why Jose Ramirez and DJ LeMahieu may not be able to compete with Abreu – they just didn’t have the stats to measure up. Ramirez may have had more home runs but the Indians finished lower in the standings. LeMahieu was one of the best hitters in baseball but he doesn’t have the star power of half of his teammates on the Yankees.  

It’s worth noting that if Abreu wins MVP, he would be the first White Sox player to take the award since Frank Thomas in 1994.

Freddie Freeman

The comeback of Freddie Freeman may be enough of a good story to get him the MVP trophy. Freeman was battling COVID-19 coming into the MLB season and struggled early on as he recovered from the virus. When we were at the halfway mark of the regular season, you could get Freeman at +2500 odds to win MVP but his second half was so good he now sits at -600 to take the hardware.

Freeman led the National League in runs scored and doubles and finished third in total hits. He also batted .341 to finish second in the NL while the Braves won the NL East for the second straight season.

It’s hard to envision how Mookie Betts or Manny Machado could overtake him because while they had decent seasons, the narrative of Freeman’s comeback and the stats to back it up suggest his odds should be closer to -1000.

Making a Futures Bet

A futures bet is a wager made on events or milestones that will happen in time. The MLB MVP bet is a form of futures betting because you are making a pick based on an outcome determined at the end of the MLB regular season. The trophy is usually given out in mid-December and if you want to get a bigger payout, it’s best to lock in your bets sooner rather than later so you can take advantage of better odds. The closer it gets to the end of the season, the more the odds will change.

How to Read MLB MVP Odds

The above chart features the odds for each top player in the American League and National League. At your sportsbook of choice, the betting lines would look something like this:

Mookie Betts +285

Ronald Acuna +600

Christian Yelich +700

This means that Betts is the favorite since he has the lowest odds and the highest chance of winning the prop, according to oddsmakers. If you were to bet $100 on Betts and he won, you would get a payout of $385 – your original $100 is returned along with your winnings of $285.

On the other hand, if you strongly believe that Yelich is going to outdo himself in Milwaukee, a winning $100 bet on him would yield $800 – your $100 comes back along with your prize of $700.

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