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NFL MVP Odds: Rodgers Eclipses Mahomes as Heavy Favorite

Aaron Rodgers reacts after throwing a touchdown against the Tennessee Titans.

Through the first half of the season, Russell Wilson looked to be on pace to win the 2020 NFL MVP Award.

Then, after Wilson started to stumble, Patrick Mahomes eclipsed the Seahawks QB as the likeliest MVP candidate. With only one week left in the campaign, another man has asserted himself as the heavy favorite to win the hardware.

Aaron Rodgers is now -350 to be selected the NFL MVP at ​Bovada, with Mahomes (+300), Josh Allen (+1200), Derrick Henry (+2500), Russell Wilson (+25000) and Tom Brady (+25000) trailing him. 

Last week, Mahomes was -300 to become MVP, while Rodgers ranked behind him in plus money at +260.

Here’s a look at the players with the best odds to win the 2020 NFL MVP Award at Bovada. For a full list of the top places to bet on football, head over to our Best NFL Sites page.

Who Is Favored to Win the NFL MVP Award?

2020 NFL MVP Odds
Aaron Rodgers-350
Patrick Mahomes+300
Josh Allen+1200
Derrick Henry+2500
Russell Wilson+25000
Tom Brady+25000

Odds as of December 31 at Bovada

MVP is Rodgers’ to Lose

Rodgers leads the league in touchdown passes (44) and passer rating (119.4) ahead of the Packers’ Week 17 clash against the division-rival Bears. He has an opportunity to set a career high in touchdown passes while having an outside shot to set the new NFL record for passer rating in a season.

Rodgers posted another dominant performance in Green Bay’s Week 16 win over the Titans, finishing 21-for-25 with 241 yards, four touchdowns and a 128.1 passer rating. The 37-year-old accomplished a rare NFL feat in that game, posting his 13th game with a 100-plus passer rating, tied for the most such games in a single season in the Super Bowl era.

Green Bay has plenty on the line against Chicago, as the Packers can clinch the No. 1 seed in the NFC with a victory. If Rodgers plays well and the Pack cruise past the Bears, it seems like a foregone conclusion that No. 12 will collect his third MVP award.

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Mahomes Set to Sit in Week 17

Earlier this week, the Chiefs announced they will rest Mahomes instead of playing him in their Week 17 meeting with the Chargers. In his place, backup Chad Henne will get the nod under center. 

It’s a decision that makes sense considering the 14-1 Chiefs already have the division title and No. 1 seed in the AFC locked up. Mahomes’ numbers speak for themselves in 2020, but with Rodgers on track to improve on his and Mahomes being idle, it looks like it’s going to be hard for MVP voters to ignore the veteran Rodgers in this case. 

The only thing that could work in Mahomes’ favor is if Rodgers has a bad game – something that’s more than possible against a good Bears defense. If Rodgers throws multiple interceptions and the Packers lose, these odds could look quite a bit different.

For more football betting information, check out our NFL page.

How to Bet on NFL MVP Odds

Popular NFL bets include point spreads and totals (OVER/UNDER). For those looking for something different, you can wager on which player will be named MVP. As football season progresses, you’ll see the MVP action changing. To get in on the action, you can make a futures bet.

What is a Futures Bet?

A futures wager is a bet on events that will take place in time, like the Most Valuable Player award in the NFL. At your betting site of choice, you’ll see NFL MVP odds listed like so:

Dak Prescott +200

Tom Brady +250

Patrick Mahomes +400

Lamar Jackson +700

Unlike a moneyline bet where favorites would be marked with the minus sign (-) and underdogs with the plus sign (+), the fave here would be the player with the lowest odds. In this case it’s Dak Prescott.

Let’s say you have $55 to spend and you decide that you like Mahomes for MVP. A winning bet would give you a payout of $275 – your original $55 is returned along with your loot of $220. The higher the odds, the more money you’ll see. But, don’t bet on a +5000 MVP candidate in September in the hopes that you’ll make bank at the end of the regular season. Oddsmakers don’t only look at current performance when setting the odds. They also look at past performance, off-season activities and training camp.

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

With futures bets, it’s important to snag odds early. As we get closer to the Super Bowl, the lines will move. Oddsmakers update the odds as players up their production or are plagued by injuries. Keep in mind that if you were to back a player in the MVP race and he suffers a season-ending injury, most sportsbooks will give you your money back since you technically didn’t lose the bet and have no way of winning it.

As soon as the Most Valuable Player trophy is awarded to the winner, sportsbooks will update the betting results and you can cash out your bet.