Best Favorites and Longshots for 2023-2024 NFL MVP

  • Early odds for the 2023-2024 NFL MVP have been released with Patrick Mahomes leading the way as the favorite at +550 odds
  • Only two of the top 10 QBs by odds have won an MVP award before: Mahomes and Aaron Rodgers (+1600)
  • Interesting longshots like Trevor Lawrence (+1800) and Justin Fields (+2000) look to take advantage of potentially big offseason moves

PARADISE, Nev. – Following the conclusion of the NFL season just under two weeks ago, opening odds for next year’s NFL MVP have been published and feature some of the most promising QBs in the league. Now may be a prime time to bet on some of them before their odds are shortened following free agency and the draft.

The odds are headlined almost entirely by QBs, who compose the top 26 options by odds. Online gambling sites have issued odds ranging between +550 and +2000 in the top 10, featuring great values for both the favorites and longshots alike.

Top 10 2023-2024 NFL MVP Odds

  • Patrick Mahomes +550
  • Joe Burrow +625
  • Josh Allen +700
  • Jalen Hurts +800
  • Justin Herbert +1400
  • Tua Tagovailoa +1400
  • Aaron Rodgers +1600
  • Trevor Lawrence +1800
  • Lamar Jackson +1800
  • Justin Fields +2000

Best and Worst Favorite to Bet On

In terms of the favorites who boast odds under +1000, there are several interesting options. Leading the way is of course the reigning NFL MVP Patrick Mahomes (+550), who continues his magical career even after losing his top wide receiver last offseason. Mahomes is easily the safest pick available, as the young phenom has already captured two league MVPs in just six years and has up to this point been unable to play bad football.

Among the favorites, Jalen Hurts (+800) may be the one to fade out of the group, but it has nothing to do with him. Free agency and the draft will be among the most important dates for the Philadelphia Eagles, as they have a whopping 20 players entering free agency, including many key starters that help Hurts like Isaac Seumalo, Jason Kelce, Miles Sanders, and more. With a lot of uncertainty surrounding Hurts’ supporting cast and his departing offensive coordinator, it is safe to shelf his MVP bet until the Eagles reload for next year.

Great Value Longshots

Among the players listed at +1500 or more by online sportsbooks, two particular QBs stand out because of their team’s unique positioning at this time of the offseason.

The first is Trevor Lawrence (+1800), who is coming off an impressive sophomore season and will be welcoming a new top weapon in Calvin Ridley. With another year in coach Doug Pederson’s system along with the introduction of an elite-caliber receiver, the sky is the limit for Lawrence and his generational talent.

A minor concern for Lawrence is the departure of passing game coordinator Jim Bob Cooter, though the rest of the coaching staff remains intact. If Lawrence is going to continue his meteoric ascension to the top brass of NFL QBs, he is poised to do so this year after welcoming a game-changing receiver and with the hope that the Jacksonville Jaguars will go big in free agency and the draft to enter win-now mode amid a weak AFC South. This all culminates in a strong +1800 value for one of the NFL’s most promising young QBs.

The other longshot is Chicago Bears QB Justin Fields (+2000) who already flashed as a dynamic and efficient runner, but will require some heavy lifting from his front office to reach MVP consideration. Luckily for Fields, the Bears are armed to the teeth with draft picks (including #1) and cap space, and may be able to bring in a top wide receiver from a struggling team such as Davante Adams as well as bolstering the rest of the roster through a free agency spending spree.

A perfect storm and an immaculate offseason would truly be needed to position the Bears from the worst team to at least a playoff squad led by Fields and his explosive running ability. If Fields can further develop as a passer, he may emulate much of the progress that we saw Hurts make this past year, especially if outfitted with a better receiving core. While the bet is at the mercy of the Bears front office, Fields presents enormous value at +2000, which is sure to become more favored in the event that the aforementioned perfect storm starts brewing.