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How to Bet on MVP 2024: Comprehensive MVP Betting Guide

Published: 4 weeks ago

Do you want to bet on the Most Valuable Player for the NFL, NBA, NHL, or MLB this season? Then your MVP betting guide has got you covered.

We’ll explain exactly how you can bet on the next MVP, when the odds are released and where you can find these markets. Moreover, we’ll also look at the pros and cons of betting on such a long-term futures market.

MVP betting explained - A short overview

MVP betting is basically exactly what it says on the tin - it involves wagering on a player to become the MVP of the league that they are playing in. This betting guide will essentially serve to cover all sports leagues, including the NFL, NBA, NHL, and MLB, but we will briefly focus on each one specifically.

You can bet on the MVP at any point before or during the regular season, though the odds and probability change dramatically as the potential winners become clearer. Still, there are a few tips and strategies that you can implement, which we will explain throughout this article.

How to bet on MVP - A step-by-step guide

To bet on the MVP, you just need to click on the “Futures” market when you click on the league you want to bet on. The MVP will be on this market and you will be presented with the odds on all of the potential winners.

Here it is broken down step-by-step:

  1. Log into your betting account
  2. Choose your preferred league (NFL, NBA, MLB, NHL, or other)
  3. Select the “Futures” markets
  4. Click on “MVP”
  5. Look at the list of players and odds
  6. Find the player you want at a price you like
  7. Add it to your bet slip
  8. Enter your stake and place the bet

When are the odds for MVP released?

The odds for MVP in all leagues are released well in advance of the award actually being given out. All bookies release them before the season starts, but some will get in there earlier than others. For example, on some online sportsbooks, you can bet on the MVP award for the following season the day after the Super Bowl or NBA Championship finals have been played.

MVP betting guide - Pros and cons

Before we move on, here is a quick summary of the main pros and cons of betting on MVP:

MVP: Pros & Cons
MVP: Pros & Cons
  • Plenty of options to choose from
  • Good value if you get in early
  • Market available the whole year round
  • Alternative to betting on games
  • Can be hard to predict when the odds are good

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The best time for MVP betting explained

Knowing when to bet on the MVP winner plays a huge part of your effective NFL, MLB, NHL, or NBA betting strategy. Go too early, and there will be a lot of value, but so many potential winners that making a correct prediction is really hard.

Go too late, on the other hand, and the favourite will be at such short odds the bet doesn’t have any value anymore. So what’s the best approach? Aim somewhere in the middle, and look at some past trends for the league you are betting on.

For example, in the NBA back-to-back winners are common, but only three players have won the award three times in a row. In the NFL, only three non-QBs have won the award since 2001, and all of them were running backs.

Example of how the MVP betting odds can move

If you’re wondering when and how to bet on football (NFL) MVP, here‘s an example of how the odds moved on eventual winner Lamar Jackson in the 2023/24 season:

DateOdds on Jackson to Win MVP
June 2023+600
October 2023+450
December 2023-170
January 2024-290

Here are some of the most common MVP trends that you can follow for the top four professional sports leagues in the US (NBA, BFL, NHL & MLB):

NFL MVP

  • Only three non-QBs have won MVP since 2001
  • All three of those non-QB winners were running-backs
  • Brett Favre is the only player to have won three MVPs in a row
  • There have been two tied MVPs in NFL history

NBA MVP

  • Only three players have won the NBA MVP three times consecutively
  • There have been 7 back-to-back MVP winners since 2002
  • There isn’t a strong position trend for NBA MVP winners
  • None of the last 9 MVP winners have been on the CHampionship winning team

NHL MVP (Hart Memorial Trophy)

  • Four of the last five winners have played for a Canada-based franchise
  • There hasn’t been a back-to-back winner since ‘08 + ‘09 seasons
  • The MVP winner hasn’t come from the Stanley Cup-winning team since 2004
  • Four of the last eight winners have played for the Edmonton Oilers

MLB MVP

  • There are two MLB MVP awards - American League (AL) & National League (NL)
  • Miguel Cabra was the last back-to-back winner (2012 & 2013 in AL)
  • In the NL there hasn’t been a B2B winner since 08 & 09 (Albert Pujols)
  • An LA Angels players has won 5 of the last 10 AL MVP awards

MVP betting guide - Our top five tips

We’re almost finished, but before we go, here are a few tips for betting on MVP, some of which are taken from the article at large:

Time your bet right

Too early and the probability of picking the right winner is slim, too late and the value will be lost.

Follow the trends

Each sports league has its own unique trends that you can follow, both recently and historically.

Look at last season's stats

If a player was on hot-form last season and they are still relatively young, then chances are they could be in with a good shout.

Follow the favourites for the championship

While the MVP doesn’t always come from the winning team, they usually at least come from a team that makes the playoffs with a high W/L record.

Think about how the MVP is picked

Different leagues and sports have different processes for selecting their MVP, so take a look at the award process before you make your bet.

MVP betting explained - Conclusion

In summary, MVP betting can be done at almost any time of the year and on any of the major leagues. Now that you’re armed with the knowledge, you can check out our top-rated sports betting sites here at SportsGambler and get started today. Just remember that you can always refer back to this guide to help you along the way.

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How to bet on MVP FAQ

❓ Can you bet on MVP?

Yes, you can bet on who is going to be the MVP this season in any of the top leagues, including the NBA, NFL, NHL, and MLB. Often, you will find that the odds for the next season are released as soon as the current one is finished. Find out more and discover what are props bets here at SportsGambler.com.

🌎 Where can I bet on the NFL MVP?

You can find the best betting sites for wagering on the NFL MVP right here at SportsGamber.com. By using geolocation technology, we will present you our ranked reviews of the best available online sportsbooks and betting apps in your region.

🤔 How do I bet on the MVP award?

Firstly, you need to register a sports betting account with a reputable operator, deposit funds and then find odds on the MVP award for your preferred league. After that, add your pick to the bet slip, enter your stake and you’re done.

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