The regular-season NFL MVP Award has belonged to quarterbacks over the years, and that trend continued in 2019 when Lamar Jackson claimed the hardware.
According to the latest odds from sportsbooks after Week 1, superstar QB Patrick Mahomes is the front-runner to become MVP in 2020.
Fresh off winning Super Bowl MVP after his Kansas City Chiefs beat the San Francisco 49ers in Super Bowl 54, Mahomes received a massive contract extension in the offseason to keep him in K.C. for the foreseeable future.
Mahomes followed that up by throwing for 211 yards and three touchdowns in Kansas City’s season-opening win over the Houston Texans. In light of the victory, Bovada shifted his odds slightly from +450 to +350.
Odds Shark is hosting a new invite-only picks contest, the Capper Cup, that you can follow for FREE expert picks during the 2020 NFL regular season. The contest includes some of the best handicappers from the sports betting industry competing for a grand prize. Follow the action now!
Here’s a look at the players with the best odds to win the 2020 NFL MVP Award at Bovada:
Odds as of September 16 at Bovada
Can Jackson Go Back to Back?
There were plenty of questions surrounding Jackson when he entered the 2018 NFL Draft, but the former Heisman Trophy winner answered all of those last year to become the 17th signal-caller since 2000 to become MVP. Marshall Faulk (2000, 2001), Shaun Alexander (2005), LaDainian Tomlinson (2006) and Adrian Peterson (2012) are the non-quarterbacks to win the award in that span.
Just how much of a surprise was Jackson’s triumphant 2019 campaign? The Louisville product opened the year as a +4100 long shot to garner the bragging rights as the best player in the NFL. He ended the season with 36 touchdowns and 3,127 passing yards while throwing only six interceptions.
More impressively, Jackson broke Michael Vick’s record for most rushing yards in a single season by a quarterback, finishing with 1,206 yards on the ground and seven scores.
Jackson picked up where he left off from last season in Week 1, dismantling the Cleveland defense in Baltimore’s 38-6 blowout. Jackson completed 20 of 25 passes through the air, finishing the day with 275 passing yards and three scores. He added 45 more yards on the ground. As a result, the shop moved his odds from +800 to +550.
Don’t Forget About Wilson
Russell Wilson has seemingly gotten better every season of his NFL career, and the 31-year-old looked the part of an MVP contender in the Seahawks’ 38-25 road win over Atlanta. Seattle roared out to a 14-3 lead in the first quarter and didn’t look back, as Wilson sliced up Atlanta’s defense.
Wilson finished the game by completing 31 of 35 passes for 322 yards and four touchdowns. The 38 points put up by Seattle was the most by the franchise in a road opener since 2003. Wilson experienced the biggest odds move of the week, with the sportsbook improving his MVP chances from +1200 to +600. Expect those odds to keep improving going forward.
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.