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Super Bowl XLV MVP Odds

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Aaron Rodgers and Ben Roethlisberger are the obvious Super Bowl MVP favorites, but if the award doesn't end up in the hands of a quarterback on Sunday bettors could pocket some big cash.

Last year Drew Brees became the 23rd quarterback to win the Super Bowl MVP award. He was also the third QB to win the award in the last four years. Basically what were saying is that quarterbacks are a pretty common Super Bowl MVPs and have won the award more times than every other position combined.

On the latest Super Bowl prop odds at Bovada Rodgers is the overall favorite at 3/2, while Roethlisberger follows him at 7/2. That makes sense considering Rodgers' Packers are the favorite to win the game and a player from the losing team has won the MVP only once. For the curious, it was Chuck Howley for Dallas back in Super Bowl V.

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You know you're going to put at least a few bucks on Rodgers and Roethlisberger to cover yourself, but if a QB doesn't snag the award who's worth your cash as an underdog?  In recent years when a QB hasn't won the trophy it's gone to a wide receiver – including in both recent Steelers Super Bowl wins as Hines Ward won in Super Bowl XL and Santonio Holmes won in Super Bowl XLIII.

If a Steelers wideout wins the award again the best shot would likely be Mike Wallace, who Bovada has down at 16/1 on the NFL prop odds. Wallace led the Steelers in receiving yards and touchdowns this season, but he's been pretty quiet in the postseason so far with only four catches for 26 yards and no touchdowns.

If a Green Bay wideout were to win the award the best shot appears to belong to Greg Jennings at 12/1. The chances of Jennings outshining Rodgers are doubtful though, considering Rodgers is the face of the Packers right now. If you're going to bet on a Green Bay player other than Rodgers a defensive player might be the way to go.

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Sure, defenders are rare Super Bowl MVPs with the last being Dexter Jackson in Super Bowl XXXVII, but the last time Green Bay won the Super Bowl Desmond Howard became the first-ever return man to claim the honor. The Packers' secondary is filled with playmakers, which is why they were second in the league this season in interceptions.

Putting a few bucks on someone like Charles Woodson (16/1) or Tramon Williams (25/1) could be a smart bet if they make a game-changing play and become the next Jackson or Larry Brown.