MLB MVP Odds: Will Ohtani Win His 4th Straight?

The 2026 MLB MVP odds showcase the league's biggest superstars as a new season approaches. With fresh numbers on the board, the American League race features a strong favorite but plenty of challengers, while the National League has one clear frontrunner.

In the AL, Aaron Judge opens as the favorite once again after winning his third MVP in four years, followed closely by Bobby Witt Jr. and a rapidly rising group of young stars. In the NL, Shohei Ohtani is already priced as a dominant choice to win his third straight NL MVP after capturing his fourth overall MVP award in 2025.

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AL MVP Odds

AL MVP Favorites

Aaron Judge claimed his third career AL MVP in 2025 after an absolutely dominant campaign, besting Cal Raleigh in one of the closest MVP races in MLB history by a 17-13 first-place vote margin. Judge led the majors with a .331 batting average while slugging 53 home runs and posting a ridiculous 1.145 OPS and 9.7 bWAR. He became the fifth player in the expansion era to lead MLB in batting average, on-base percentage, and slugging percentage in the same season.

While Judge has avoided serious injury for two straight seasons, he'll be 34 next year. As a big man playing outfield, some time off is inevitable. Still, he's worth +225 as a preseason bet given his incredible consistency, as this was his fourth straight season with an OPS above 1.000.

Bobby Witt Jr. is an intriguing value play after posting 8.0 fWAR in 2025 with a .295/.351/.501 slash line, 23 home runs, 38 stolen bases, and elite defense at shortstop. He won his second consecutive Gold Glove and led MLB with 184 hits and 47 doubles. Though his power numbers dipped from his monster 2024 season, Witt's defensive metrics were exceptional—Baseball Savant credited him with saving 20 runs above average, fifth-highest among all fielders.

Cal Raleigh (+850) deserves strong consideration after his historic 2025 campaign. The Mariners catcher shattered the single-season record for home runs by a catcher with 60 while batting .247/.359/.589 with 125 RBI. He posted 9.1 fWAR and helped Seattle reach the ALCS. His combination of elite offense and defensive value at baseball's most demanding position made him a deserving MVP finalist.

Value bets like Junior Caminero and Gunnar Henderson stand out down the board as emerging stars with massive upside.

NL MVP Odds

NL MVP Odds Favorite: Shohei Ohtani

Shohei Ohtani enters 2026 as an overwhelming NL MVP favorite as he guns for his third straight NL award and fifth MVP overall. Ohtani made history in 2025 by winning his fourth MVP unanimously — all four of his MVP awards have been unanimous, a feat no other player has accomplished. He now trails only Barry Bonds (seven MVPs) in total MVP awards won.

Ohtani's 2025 season was remarkable even by his standards. He slashed .282/.392/.622 with 55 home runs while successfully returning to the mound after his second Tommy John surgery. He posted a 2.87 ERA with 62 strikeouts in 47 innings over 14 starts. His two-way excellence continued into October, where he delivered perhaps the greatest individual postseason performance in history, pitching six scoreless innings with 10 strikeouts while hitting three home runs in Game 4 of the NLCS, earning NLCS MVP honors.

With a full season back on the mound in 2026, Ohtani's case becomes even more formidable. He led the NL in OPS (1.014), runs scored (146), and total bases (380) while also contributing 1.9 fWAR as a pitcher. The Dodgers won their second straight championship with Ohtani, and he's already paid for himself financially before even stepping on the field.

Juan Soto (+800) had a massive second half with the Mets in '25 and could challenge Ohtani, but it's hard to bet against the two-way superstar.

Ronald Acuna Jr. (+1300) offers intriguing value if he can stay healthy and return to his 2023 40 homers-70 steals form.

Kyle Tucker (+3000) now joins his Dodgers teammate Ohtani as a dark horse candidate after signing his four-year, $240 million deal to team up in Los Angeles.

Kyle Schwarber (+3000) finished second in MVP voting before signing his five-year, $150 million deal to return to Philadelphia.

MLB MVP Award History

Recently, outfielders and first baseman have had a grip on the MVP races and that's pretty true for most of MLB history. Judge and Ohtani have dominated the award recently, with Judge winning three MVPs in four years (2022, 2024, 2025) and Ohtani winning four MVPs in five years (2021, 2023, 2024, 2025)—the first player to win multiple unanimous MVPs and the only player to win MVP awards in both leagues multiple times.

Here are the all-time MLB MVP winners by position:

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MLB Teams With Most MVPs

While MLB's most iconic franchises lead history with the most MVPs, three teams have never had an MVP:

How To Read MLB MVP Odds

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

Mookie Betts +650

Ronald Acuna Jr. +1000

Freddie Freeman +1200

In essence, 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 $750 – your original $100 is returned along with your winnings of $650.

On the other hand, if you strongly believe that Freeman will shine in Los Angeles, a winning $100 bet on him would yield $1,300 – your $100 comes back along with your prize of $1,200.

Our odds calculator will show you how much you'd win based on the odds and amount bet.