Nikola Jokic Luka Doncic

2024-25 NBA MVP Odds: Jokic, Doncic Early Favorites For Hardware

In the way-too-early betting odds for the 2024-25 NBA Most Valuable Player race, oddsmakers are leaning towards Nikola Jokic of the Denver Nuggets being a four-time recipient of the hardware, followed by recent finalist Luka Doncic of the Western Conference champion Dallas Mavericks.

Here's a look at all of the players currently in the running for next season's MVP, including five superstar talents with odds greater than 10-to-1. 

NBA Most Valuable Player Odds For 2024-25 Regular season

PlayerCurrent TeamOdds
Nikola JokicDenver Nuggets+350
Luka DoncicDallas Mavericks+390
Shai Gilgeous-AlexanderOklahoma City Thunder+550
Giannis AntetokounmpoMilwaukee Bucks+550
Joel EmbiidPhiladelphia 76ers+600
Anthony EdwardsMinnesota Timberwolves+1500
Jayson TatumBoston Celtics+2000
Jalen BrunsonNew York Knicks+2000
Ja MorantMemphis Grizzlies+2200
Victor WembanyamaSan Antonio Spurs+3500
Stephen CurryGolden State Warriors+5000
Kawhi LeonardLos Angeles Clippers+7500
Kevin DurantPhoenix Suns+7500
Zion WilliamsonNew Orleans Pelicans+7500
Devin BookerPhoenix Suns+10000
Donovan MitchellCleveland Cavaliers+10000
Anthony DavisLos Angeles Lakers+15000
Jaylen BrownBoston Celtics+15000
Tyrese HaliburtonIndiana Pacers+15000
LeBron JamesLos Angeles Lakers+20000
Damian LillardMilwaukee Bucks+20000
De'Aaron FoxSacramento Kings+20000

Odds as of July 8, 2024

NBA Most Valuable Player Betting Favorite: Nikola Jokic, Denver Nuggets

It's hard to imagine Jokic capturing MVP for a fourth time in five years, simply because voter fatigue tends to rear its ugly head. There's also so much top-tier talent across the Association that separating one from the rest of the pack is incredibly difficult to do, let alone multiple times in such a short period.

Then again, if anyone deserves to be recognized as the best in the world at this point in time, it's probably Jokic. Including his Finals MVP win in 2023, the 29-year-old big man has won an MVP in some capacity each of the last four years. He just missed out on averaging a triple-double with 26.4 points, 12.4 rebounds, and nine assists across 79 appearances for Denver, who finished tied for the best overall record in the brutal Western Conference.

Should Jokic become MVP again, he'd be the first player since LeBron James from 2009 through 2013 to do so four times in five years. He'd also join an elite group of legends to have won four or more times throughout their career, including James, Michael Jordan, and Kareem Abdul-Jabbar. 

Past 10 NBA Most Valuable Player Winners  

YearPlayerTeamOpening Odds (Pre-Season)Closing Ends (End of Regular Season)
2024Nikola JokicDenver Nuggets+300-4000
2023Joel EmbiidPhiladelphia 76ers+600-201
2022Nikola JokicDenver Nuggets+1600-285
2021Nikola JokicDenver Nuggets+2500-8500
2020Giannis AntetokounmpoMilwaukee Bucks+210-950
2019Giannis AntetokounmpoMilwaukee Bucks+475-1100
2018James HardenHouston Rockets+1100+175
2017Russell WestbrookOklahoma City Thunder+200-700
2016Stephen CurryGolden State Warriors+650-400
2015Stephen CurryGolden State Warriors+1600-300

As we get further into the season, it’s natural for MVP odds to dip. Over the past ten years, Jokic’s 2021 win represents the largest drop in odds, while Kevin Durant in 2014 represents the smallest -- James Harden is the only player on this list with odds higher than 2:1 by the end of the regular season. MVP odds remain an attractive payoff if you're willing to take a chance and bet early into the NBA season.

Keep in mind that the NBA’s Most Valuable Player award is given to the player who is considered the best player in the league during the regular season – it does not take into account playoff performance or past season performances. The award is voted on by a panel of basketball writers after the season concludes.

Who has won the most NBA Most Valuable Player Awards?

Player# MVP Awards WonWinning Team of MVP
Kareem-Abdul-Jabbar6Milwaukee Bucks (3), Los Angeles Lakers (3)
Bill Russell5Boston Celtics
Michael Jordan5Chicago Bulls
Wilt Chamberlain4Philadelphia 76ers
LeBron James4Cleveland Cavaliers (2), Miami Heat (2)
Moses Malone3Houston Rockets (2), Philadelphia 76ers (1)
Larry Bird3Boston Celtics
Magic Johnson3Los Angeles Lakers
Nikola Jokic3Denver Nuggets

It’s no surprise seeing Abdul-Jabbar’s name at the top of this list –one of the best players of all time, he dominated the league six times between two different squads, earning his rightful place as the most decorated MVP winner in the NBA. Tailing him, Jordan and Bill Russell contributed five MVP wins within ten years each.

NBA Teams with the Most Most Valuable Player Winners

Team# MVP Awards WonMost Recent Winner
Boston Celtics10Larry Bird (1986)
Los Angeles Lakers8Kobe Bryant (2008)
Philadelphia 76ers7Joel Embiid (2023)
Chicago Bulls6Derrick Rose (2011)
Milwaukee Bucks5Giannis Antetokounmpo (2020)
Houston Rockets4James Harden (2018)

Although Boston tops our list with 10 MVP winners throughout their history, they haven’t had a player earn the honor in over 30 years – Russell contributes half of these honors alone. The Lakers are just behind their rivals with a star-studded cast of MVPs including Abdul-Jabbar, Kobe Bryant, Shaquille O’Neal, and Magic Johnson.

NBA Most Valuable Player Winners by Position

Position# MVP Awards Won
Point Guard11
Power Forward11
Small Forward9
Shooting Guard8

Centers are a favorite candidate for MVP, and it’s not hard to see why – inherent size and athleticism help them create defensive shutdowns, secure rebounds, and power through defenders on offense.
In a role that allows excellence at all levels of the game, a star center can stump the opponent’s offense and rack up points for their side of the board; this gives them heightened attention in the NBA media and promotes their case for MVP candidacy throughout the season.

NBA Teams With Zero Most Valuable Player Winners

The following eight teams have never had a player be named MVP throughout their history: Indiana Pacers, Charlotte Hornets, New Orleans Pelicans, Memphis Grizzlies, Toronto Raptors, Detroit Pistons, Orlando Magic, and the Brooklyn Nets.

How To Read NBA MVP Odds

When you visit your NBA betting site of choice, you’ll notice 2024-25 NBA MVP odds laid out like this:

  • Nikola Jokic +350
  • Luka Doncic +380
  • Shai Gilgeous-Alexander +550
  • Giannis Antetokounmpo +550

Unlike a moneyline bet where favorites are shown by the minus sign (-) and underdogs have a plus sign (+), the player with the lowest odds with the plus sign (+) is the fave. In this scenario, Nikola Jokic is favored. If you were to bet $100 on Jokic in the NBA MVP betting odds and it hits, you would win $350 – your $100 is returned and you would get $350 in profit.

If you were to bet on which player will be named MVP, you would make a futures bet.

What Is A Futures Bet?

This is a bet made on events that will happen in time. In this case, it’s MVP. To make a futures bet, you would first use the handicapping info on this page to make your decision. Our Odds Calculator can give you an idea of how much you’d win based on the MVP odds and the amount of money you bet.

Back to Top