NFL MVP Odds: Rodgers’ Week 6 Meltdown Has His Odds Tumbling

Despite being one of the best quarterbacks in the NFL since entering the league eight years ago, Russell Wilson has notoriously never received a vote for the NFL MVP Award. According to the sportsbooks’ early NFL MVP odds, that’s likely to change in 2020.

For the first time ever, Wilson is the favorite to become NFL MVP at ​Bovada. The 31-year-old is -120 to win the award, with Patrick Mahomes (+450), Aaron Rodgers (+600), Lamar Jackson (+1200) and Kyler Murray (+1600) trailing him.

The Seahawks rank third on the Super Bowl oddsboard, behind only the Kansas City Chiefs and Baltimore Ravens.

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
Player Odds
Russell Wilson -120
Patrick Mahomes +450
Aaron Rodgers +600
Lamar Jackson +1200
Kyler Murray +1600
Ben Roethlisberger +2200
Josh Allen +2500
Tom Brady +2500
Ryan Tannehill +3300
Derrick Henry +4000
Baker Mayfield +8000
Deshaun Watson +8000
Drew Brees +8000
Jared Goff +8000
Aaron Donald +10000
Cam Newton +10000
Ezekiel Elliott +15000
Khalil Mack +15000
Matt Ryan +15000
Philip Rivers +15000

Odds as of October 21 at Bovada

Wilson’s Odds Improve Despite Bye Week

Wilson, who was +1200 prior to the start of the season, has been on fire through five weeks of play – so much so that his MVP odds improved from EVEN money to -120 even though Seattle was on a bye in Week 6.

He’s off to a historic start for the undefeated Seahawks, completing 72.8 percent of his passes for 19 touchdowns and just three interceptions. Wilson had another MVP moment in Seattle’s 27-26 win over the Minnesota Vikings in Week 5, leading a 13-play, 94-yard drive capped by a six-yard touchdown pass to DK Metcalf with 15 seconds remaining in the game – his third TD of the contest.

Seahawks head coach Pete Carroll has departed from the run-first strategy the team has employed the past few years in order to let Wilson do his thing through the air.

The Seahawks are one of only three undefeated teams in the NFL and have a big divisional game in Week 7 against the Arizona Cardinals. For a betting preview of the all-NFC West contest, check out Matty Simo’s breakdown.

Rodgers’ MVP Odds Sink After Poor Week 6 Showing

Rodgers had one of the worst games of his career against the Tampa Bay Buccaneers in Week 6, and his MVP odds fell from +275 to +600 as a result. Green Bay suffered its first loss of the season in a 38-10 blowout at Raymond James Stadium.

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The 36-year-old’s passer rating of 35.4 was the third-worst of his 205-game NFL career, including playoffs, and his lowest in six years. Rodgers completed only 16 of 35 passes for 160 yards with two interceptions and no touchdowns in a game that could be remembered as the biggest blow to his MVP chances.

On the other side of the field, Tom Brady excelled, going 17-for-27 for 166 yards, two touchdowns, no interceptions and no sacks for a 104.9 passer rating. After the game, Brady’s MVP odds improved from +3000 to +2500.

Can Jackson Catch Up?

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.

The 2020 campaign hasn’t been nearly as dominant for Jackson, as he’s slipped to fourth on the oddsboard. Jackson’s numbers aren’t up to MVP standards right now, and he has plenty of catching up to do in order to pass the three men ahead of him.

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.

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