Super Bowl MVP Odds: Patrick Mahomes and Lamar Jackson the Betting Favorites

Which player will shine brightest in the Super Bowl? Get odds, insights, tips, and strategies to make a smart pick for your Super Bowl MVP bets.

Robert Criscola - Contributor at Covers.com
Robert Criscola • Publishing Editor
Jan 14, 2025 • 09:13 ET • 4 min read
Super Bowl MVP odds
Photo By - Imagn Images.

Super Bowl 59 will be the biggest sporting event of the year in North America, and it will once again come down to the elite shining on the biggest stage. Super Bowl MVP odds are already posted at top NFL betting sites. Patrick Mahomes (+430) and Lamar Jackson (+550) are the current betting favorites win the prestigious award. This comes as no surprise as Mahomes' Chiefs and Jackson's Ravens are two of the favorites to win it all.

The game MVP trophy typically goes to a quarterback, although we have seen some outliers over the years. Let's take a look at the early Super Bowl MVP odds.

Super Bowl MVP odds 

Super Bowl MVP odds have been made available. Patrick Mahomes (+430) and Lamar Jackson (+550) are the betting favorites.

Player Caesars
Patrick Mahomes +430
Lamar Jackson +550
Josh Allen +600
Jared Goff +650
Jalen Hurts +1100
Saquon Barkley +1200
Jahmyr Gibbs +1700
Derrick Henry +1800
Jayden Daniels +3000
A.J. Brown +3000
Amon-Ra St. Brown +3000
Matthew Stafford +3000

Odds as of 1-14.

Opening Super Bowl MVP odds

Here is a look at opening Super Bowl MVP odds. These prices are from when the postseason began.

  • Patrick Mahomes (+450)
  • Josh Allen (+650)
  • Jared Goff (+650)
  • Lamar Jackson (+800)
  • Jahmyr Gibbs (+1500)
  • Jalen Hurts (+1500)
  • Saquon Barkley (+2100)
  • Sam Darnold (+2300)
  • Amon-Ra St. Brown (+2800)
  • Derrick Henry (+3100)
  • Justin Herbert (+3200)
  • Baker Mayfield (+3300)
  • AJ Brown (+3500)
  • Jordan Love (+3600)
  • Jayden Daniels (+4300)
  • Justin Jefferson (+5000)
  • Matthew Stafford (+5500)

Super Bowl MVP betting odds favorites

Here is a look at Super Bowl MVP betting odds favorites with Patrick Mahomes and Lamar Jackson leading the way.

Patrick Mahomes (+430)

The Chiefs are the top seed in the AFC and are fresh off a weekend of rest. Mahomes and the Chiefs will face the Texans in the Divisional Round. Kansas City beat Houston 27-19 on Dec. 21 with Mahomes throwing for 260 yards and 1 TD.

Lamar Jackson (+550)

Lamar was incredibly efficient in the Ravens' win over the Steelers, completing 16-of-21 passes with a pair of TD throws. The Ravens star QB also ran for 81 yards. He'll surely be tested this Sunday in Buffalo.

Josh Allen (+600)

Josh Allen led the Bills to a 31-7 drubbing of the Broncos in the first round. Super Bowl MVP odds have Allen right behind Jackson and the two stud signal-callers will square off on Sunday.

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How is the Super Bowl MVP decided?

The Super Bowl MVP is decided after the conclusion of the game by a panel of 16 NFL journalists (writers and broadcasters) as well as a fan vote (online and mobile), which was added in 2001.

The panel makes up 80% of the voting, while the fan vote makes up the remaining 20%. The player voted as having the most significant impact on their team’s success will be honored as the Most Valuable Player of the Super Bowl.

How to read Super Bowl MVP odds

When learning how to bet on the Super Bowl, bettors must first understand how the odds display and how to read them. The Super Bowl MVP odds are displayed in a list format with corresponding odds for each player considered an MVP candidate. The odds will reflect the implied probability of that player winning MVP.

Some sportsbooks will have a very long and detailed list with plenty of players available. Other books will list just the skill positions and key defensive contributors while adding a “field” or “other” option which includes any player not officially listed. 

Most sportsbooks in North America will list Super Bowl MVP odds in American format:

  • Patrick Mahomes -120
  • Jalen Hurts +187

This means that a $100 bet on Mahomes would have profited $83 (or a $120 bet would win $100), or a $100 bet on Hurts would have profited $187. Use our odds converter to switch American odds to decimal or fractional and to see how much you could win using different odds.

Super Bowl MVP betting history

A Super Bowl MVP has been named in all 58 championship games going back to 1967 when Green Bay Packers quarterback Bart Starr was named the very first Super Bowl Most Valuable Player. 

Starr is one of the 32 quarterbacks to be named Super Bowl MVP. Running backs and wide receivers have each won MVP eight times while a defensive player has been named MVP five times and a special teams player (kick returner) has won the award once. 

Betting on the Super Bowl MVP odds was made popular in the late 1990s, as online sports betting began to boom, but has only recently been allowed in regulated land-based sportsbooks (such as Las Vegas/Nevada) since 2016.

Super Bowl MVP winner MVP odds Position
58 Patrick Mahomes +130 QB
57 Patrick Mahomes +130 QB
56 Cooper Kupp +600 WR
55 Tom Brady +187 QB
54 Patrick Mahomes +110 QB
53 Julian Edelman +2,000 WR
52 Nick Foles +325 QB
51 Tom Brady +150 QB
50 Von Miller +2,200 LB

Super Bowl MVP FAQs

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Robert Criscola - Covers.com
Publishing Editor

Robert M. Criscola’s road to becoming a Covers publishing editor began with an internship at Metro New York, which eventually turned into a freelance job at MetroBet covering many sports from a wagering angle, including horse racing. He continued to focus on “The Sport of Kings” by writing for shapperdacapper.com, danonymousracing.com, and informer.fanxt.com before joining the team at the TwinSpires Edge in 2019 as a regular contributor and weekend editor. “Crisco” began writing game previews for Covers in 2022 and joined the editing team in 2023.

His best advice for sports bettors? Bet with your head, not over it.

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