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MLB MVP Odds: Trout and Betts Open as Award Favorites

Spring training games are winding down and the 2021 MLB season is only a week away. Oddsmakers have newly released betting odds on which players will win the American League and National League MVP awards, with past winners Mike Trout and Mookie Betts tabbed as the faves.

The best baseball betting sites have Trout at +250 to take his fourth AL MVP trophy with the Los Angeles Angels while listing Betts at +700 to continue making an impact on the West Coast with his squad, the Los Angeles Dodgers.

If these names seem familiar, don’t worry, you didn’t just wake up from a coma. Trout and Betts were the preseason favorites in MLB MVP odds in 2020 as well.

If this is your first time betting on baseball, here are some key links to bookmark: 

World Series Odds | MLB Futures MLB Win Totals | Odds To Make Playoffs | Cy Young Odds | How To Bet On Baseball

Let’s look at each MLB league and determine some betting value for Most Valuable Player:

Who is Favored in MLB American League MVP Odds?

Odds to Win 2021 American League MVP
Mike Trout+250
Alex Bregman+1000
Aaron Judge+1200
Jose Ramirez+1200
Luis Robert+1500
Matt Chapman+1500
Anthony Rendon+1500
George Springer+1500
DJ LeMahieu+2500
Gleyber Torres+2500
Jose Abreu+2500
Vladimir Guerrero Jr.+2500
Nelson Cruz+3000
Xander Bogaerts+3000
Rafael Devers+3000
Giancarlo Stanton+3000
Bo Bichette+3500
Shohei Ohtani+3500
Yordan Alvarez+3500
Jose Altuve+3500
Eloy Jimenez+4000
JD Martinez+4000
Tim Anderson+4500

Odds as of March 24 at BetOnline

At this point, is anyone shocked that Mike Trout is favored in AL MVP odds? The best player in baseball has opened as the betting favorite for this award for the last six seasons and considering he’s won MVP in three of the last seven years, it’s hard to dispute his candidacy.

The 29-year-old is a five-tool player and even though some of his offensive stats like stolen bases and OPS were trending downward last season, he still smacked 17 home runs and batted .280 in 53 games. If you project his numbers over a full season, he would’ve likely hit career highs in dingers and RBIs.

Two factors come into play betting on Trout in MLB MVP odds at this stage of his career: team success and voter fatigue. The Angels haven’t made the playoffs since 2014 and while individual stats can usually trump how a team does in the standings for MVP voting, it means he needs to have such dominance statistically that it would be nearly impossible to be as impressive as he already has been. This also goes hand in hand with voter fatigue.

Crotchety old baseball writers tend to hold vendettas against players who can’t elevate their team, even if one player’s impact on a baseball team is, for the most part, minimal. And yet Trout is so talented, he may still sway voters for another MVP award.

Dark-Horse Candidate in AL MVP Odds

The one player that bettors may need to consider in AL MVP odds is the Toronto Blue Jays’ George Springer. The Jays have been knocking on the door in the AL East Division for a couple of seasons with their stable of young guns and vaulted up the World Series odds once they landed Springer.

The former Houston Astros leadoff man will immediately slot into the top of the order for Toronto and pace an offense that could be scary. In 2019, Springer was electric with 39 home runs and 97 RBIs in only 122 games while playing stellar defense. He didn’t reach those heights in the shortened 2020 season but shone in the postseason as Houston went to the ALCS.

At +1500, those are decent odds for a player who will get most of the credit if the Blue Jays show any fight and challenge the New York Yankees in the division.

Who is Favored in MLB National League MVP Odds?

Odds to Win 2021 National League MVP
Mookie Betts+700
Juan Soto+750
Fernando Tatis Jr.+800
Cody Bellinger+850
Ronald Acuna+950
Nolan Arenado+1000
Francisco Lindor+1200
Freddie Freeman+1200
Christian Yelich+1500
Corey Seager+1500
Bryce Harper+2000
Manny Machado+2000
Trevor Story+2500
Anthony Rizzo+3000
JT Realmuto+3000
Ketel Marte+3500
Kris Bryant+3500
Javier Baez+3500
Paul Goldschmidt+3500
Pete Alonso+3500
Trea Turner+4000
Marcell Ozuna+4000
Max Muncy+4000
Michael Conforto+4500
Rhys Hoskins+5000

Odds as of March 24 at BetOnline

The Los Angeles Dodgers are neck-deep in offensive riches and have three players listed in the top 10 in National League MVP odds, but Mookie Betts has been tabbed as the fave by oddsmakers among that trio. Betts fit in perfectly on the West Coast after being traded by the Red Sox and immediately went on to win the 2020 World Series.

Betts was his usual talented self by making an impact in the batter’s box and on the field. The outfielder had 17 home runs, 39 RBIs and 10 stolen bases in 51 games while winning a Gold Glove for his defense in right field in 2020. Project his stats over a 162-game season and he would’ve easily smashed his career highs in those categories.

The problem with Betts isn’t the same as Trout’s. In fact, we can be sure the Dodgers will be in the mix in the playoffs. It’s actually that there’s too much talent on the Los Angeles roster. Mookie is essentially competing against teammates Cody Bellinger and Corey Seager. Bellinger won the MVP in 2019 and is still the best hitter on the team and bats in the heart of the order.

Seager, meanwhile, has quietly regained his confidence after a down year in 2019 and was extremely clutch in the postseason, winning World Series MVP. Betts might be the best overall player but unless he does something statistically to stand out from the trio, voters may be hard pressed to determine who is most valuable.

Dark-Horse Candidate in NL MVP Odds

It’s hard to view Fernando Tatis Jr. as a “dark horse” considering he was fourth in NL MVP voting in 2020 but he would be the best pick on the board based on value and overall talent. Tatis may be the most exciting player to arrive in baseball since Mike Trout and is now the cover athlete for MLB 21 The Show.

Hype aside, the young shortstop has been electric on the field. In 2020, he put up 17 home runs, 45 RBIs and 11 stolen bases. The craziest stat about Tatis is he has only played a total of 143 games in the big leagues over two seasons. The Padres weren’t joking around when they gave him a $340-million contract and bettors should expect another progression from the infielder.

Last season, he opened at +1200 in MLB MVP odds and by midseason was the betting favorite before Braves 1B Freddie Freeman went on a run and ended up winning the award. Fernando Mania is alive and well again in the state of California.

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 +650

Ronald Acuna +1000

Christian Yelich +1200

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

On the other hand, if you strongly believe that Yelich is going to shine in Milwaukee, 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.