Super Bowl MVP Odds 2023: Mahomes Wins

Winning the NFL MVP is one of the top individual accomplishments a football player can achieve in the regular season. Winning the Super Bowl MVP award, however, is a whole other level of prestige, because it usually comes alongside a Lombardi Trophy. 

By leading the Kansas City Chiefs over the Philadelphia Eagles, QB Patrick Mahomes picked up his second NFL title and second Super Bowl MVP in 2023. Below you can find a breakdown of Mahomes’ MVP win and the full odds before we refresh for the 2024 playoff run.

If you’re looking for other Super Bowl props on top of Super Bowl MVP odds, check out our Super Bowl player props breakdown, our Gatorade shower odds or our general game props page!

Patrick Mahomes Wins Super Bowl 57 MVP

Despite a busted ankle and a halftime deficit, Chiefs QB Patrick Mahomes rallied the Kansas City offense and led a comeback over the Eagles to win the title. With 182 passing yards and three passing touchdowns, Mahomes earned a ring and his second Super Bowl MVP. He became the first player since Kurt Warner in 1999 to win NFL MVP and Super Bowl MVP in the same season.

The KC QB was +135 to win the award prior to the game, only behind Eagles QB Jalen Hurts in the opening odds. Here’s a full list of those pre-game odds:

Opening Odds

Here were the 2023 Super Bowl MVP odds prior to kickoff, where Jalen Hurts was a narrow favorite:

Odds as of February 12

Super Bowl MVP Best Bet: Patrick Mahomes (+135)

Betting on a quarterback to win the Super Bowl MVP is a safe bet – it’s usually just about nailing which one. While Hurts is the betting favorite, the slight odds value we get from betting on Mahomes makes all the difference.

In his five seasons as Chiefs starter, Mahomes has risen to the occasion in the playoffs regularly. He has a 66.7 percent completion rate, 31 passing touchdowns and just seven interceptions. On a busted ankle against the Bengals in the AFC championship game, he threw for 326 yards and two touchdowns on efficient passing. Even with some solid skill-position players like Pacheco and Kelce, it’s Mahomes who makes the Chiefs go. If they win the Super Bowl on Sunday, it’ll be him hoisting the MVP at the end of the game.

Value Pick: Haason Reddick (+2500)

Now if the Eagles manage to win, Hurts is an obvious pick. But Philly’s path to victory is less about scoring and more about containing and hitting Mahomes. No Eagles player has a bigger task than edge rusher Haason Reddick.

Reddick had a resurgent season with the Eagles, leading the league in forced fumbles, earning a Pro Bowl selection and racking up a career-high 16 sacks. He’s filled the stat sheet all season, including 3.5 more sacks in the playoffs. If Reddick can stay hot, nab a few big sacks and maybe force a turnover, he could get the nod over Hurts for MVP.

We were initially on Reddick as a great value play when his odds opened at +4000, but even at this line there’s still good value to be had.

Super Bowl MVP Deep Sleeper: JuJu Smith-Schuster

When we’re going way down this board, we’re looking for two things: (1) big-game potential and (2) someone with a reasonable path to winning the MVP.

JuJu checks both those boxes. The Chiefs receiver has posted two contests of 100-plus receiving yards and two of 10-plus receptions already this season, proving he has the ability to go off. And while there are certainly more likely MVP candidates, wide receivers Cooper Kupp and Julian Edelman have recently proven this is an award WRs can win in the modern era.

Super Bowl MVP Has Belonged To Quarterbacks

In Super Bowl 56, receiver Cooper Kupp became the eighth wideout to win the Super Bowl MVP award. However, the Super Bowl MVP award has historically belonged to quarterbacks, who have won the trophy 31 times. The MVP has gone seven times to running backs, four times to linebackers, and twice each to defensive ends and safeties.

If you look at the Super Bowl MVP odds above, you can see that the sportsbooks expect another QB to win the award, and history tells us they’re right.

Super Bowl MVP Betting History