NFL MVP Odds: 2023 Odds for Patrick Mahomes and Joe Burrow

The 2023 NFL MVP Odds are open for betting. The top QBs in the league once again have the best odds, including Patrick Mahomes, Joe Burrow and Josh Allen.

FTN Bets is here to guide you through the latest odds, picks, and how to think through your NFL MVP odds bets.

Odds to Win 2023 NFL MVP

(All odds are per DraftKings Sportsbook.)

• Patrick Mahomes +700
• Joe Burrow +750
• Josh Allen +800
• Jalen Hurts +900
• Lamar Jackson +1200
• Justin Herbert +1200
• Justin Fields +1400
• Aaron Rodgers +1400
• Dak Prescott +1400
• Deshaun Watson +3000

Patrick Mahomes is the favorite to win 2023-2024 MVP again at +700. That means a $10 bet will pay out $80 for a profit of $70. These odds give Mahomes a 12.5% chance of winning MVP for a third time.

See all the live odds here:

Other Notable Bets to Consider

• Jalen Hurts (+900): After spending most of the 2023 season as the MVP favorite, Hurts can now prove he is truly one of the NFL’s elite quarterbacks. With A.J. Brown, DeVonta Smith and Dallas Goedert, the Eagles have one of the best receiving trios in the league. 
• Justin Herbert (+1200): The arrival of new offensive coordinator Kellen Moore should unlock this offense, which is filled with explosive weapons. Entering his fourth NFL season, a career year from Herbert puts him squarely in the hunt for 2023 MVP. 
• Lamar Jackson (+1200): New Baltimore offensive coordinator Todd Monken prefers an up-tempo style with a heavy dose of no-huddle sets to keep pressure on the defense. A healthy Rashod Bateman and athletic rookie Zay Flowers provide Jackson (2019 MVP) the best weapons of his career.

MVP Odds Movement in 2023

• May 25, 2023: Justin Fields’ odds have dropped from +3000 to +2000 since the opening week. The versatile Chicago quarterback is one of the most popular bets across all books. 

Non-QB Odds

• Christian McCaffrey +8000
• Tyreek Hill +10000
• Justin Jefferson +10000
• Ja’Marr Chase +10000

Of these non-QB longshots, player Justin Jefferson shows the most value. He is the center of the Vikings offensive attack and would inherit a larger opportunity if Dalvin Cook is released or traded. As the 2022 NFL Offensive Player of the Year, Jefferson has the pedigree to be a rare non-QB winner if Minnesota has another strong season. 

History of NFL MVP Winners

Here are the last 10 NFL MVP winners:

No non-QB has won the award since Adrian Peterson rushed for over 2,000 yards in his post-ACL season back in 2012.