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Updated NFL MVP Odds: Patrick Mahomes, Jalen Hurts Lead the Pack

by December 6, 2022
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NFL Futures bets take months to pay out, but they can be extremely profitable thanks to favorable odds in exchange for the long play. If you placed a bet on Jalen Hurts to win the NFL MVP award before the season, for example, you could have gotten +5000 odds. Now, that number has dropped all the way to a consensus +150 in the updated NFL MVP odds.

But there is still a lot of season left. Let’s take a look are the current consensus NFL MVP odds.

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Advantages of Futures Bets

One of the advantages of futures bets is that they are impacted less by variance. When betting on a team to win one game, the outcome can be heavily swayed by a variety of random events – a ball bounces the wrong way, a bad call, weather, etc. Over the course of a season, there are more opportunities for these things to even out. Sixteen games is still hardly a large enough sample size to guarantee any sort of outcome, but it’s better than one game.

You can also place wagers on multiple options within the same category and still potentially profit. If you were to bet on Player A at +500 and Player B at +700 to win MVP this year, even though you obviously can’t win both, as long as one of them wins, you would secure a profit (assuming you bet the same amount on each one). The flip side, of course, is that there are many more outcomes than Player A or Player B winning MVP, such that the most likely outcome is you lose both.

Whether you’re new to sports betting or a betting pro, our How To Bet and Sports Betting Strategy and Advice pages are for you. You can get started with our How To Section — including How to Avoid the 7 Biggest Sports Betting Mistakes — or head to a more advanced strategy — like Thinking Like an Expert Sports Bettor — to learn more.

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