2024-25 NFL MVP Odds: Allen Rises to Favorite Status After Beating Chiefs

The Chiefs have fallen thanks to new betting favorite to win NFL MVP, Josh Allen. The Bills QB wasn't his sharpest but he still contributed to the win. Meanwhile, Lamar Jackson dropped to second and Jared Goff soared to third.

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Nov 19, 2024 • 14:08 ET • 4 min read
Josh Allen Buffalo Bills NFL
Photo By - Imagn News. Pictured: Josh Allen rushes for a touchdown vs. Kansas City Chiefs.

The NFL MVP odds board took another shuffling after Week 11 action.

The Buffalo Bills delivered the Kansas City Chiefs' first loss of the season, propelling Josh Allen into overall favorite status. Meanwhile, Patrick Mahomes fell out of the Top 3 thanks to the loss combined with Jared Goff and the Detroit Lions obliterating the Jacksonville Jaguars.

Here are the latest NFL odds surrounding the NFL MVP.

2024-25 NFL MVP odds

Player DraftKings FanDuel bet365
49ers Josh Allen +150 +125 +150
Ravens Lamar Jackson +200 +200 +190
Lions Jared Goff +600 +800 +600
Ravens Patrick Mahomes +1,100 +1,200 +1,200
Eagles Jalen Hurts +1,200 +1,700 +1,400
Cardinals Kyler Murray +1,500 +1,700 +2,000
Chargers Justin Herbert +2,000 +2,500 +2,200
49ers Brock Purdy +2,200 +6,500 +3,500
Bengals Joe Burrow +2,500 +4,500 +3,500
Commanders Jayden Daniels +2,500 +4,000 +3,000

Odds as of 11-18.

NFL MVP favorites

Josh Allen (+150)

Josh Allen wasn't his sharpest during the Buffalo Bills' Week 11 win, going 27-for-40 for 262 yards and one touchdown to go along with one pick, but the Kansas City Chiefs defense is among the best. And being responsible for KC's first loss of the season means something.

Besides, Allen didn't only rely on his arm. He led the Bills in rushing yards (55 on 12 carries) and ran for a late touchdown to put the game on ice. Allen & Co. get a much-deserved bye and he will go into Week 12 as the betting favorite to win NFL MVP.

YARDS TD INT QBR
2,543 18 5 72.6

Lamar Jackson (+200) 

Lamar Jackson was wobbly against the Pittsburgh Steelers in Week 11, completing 16 of 33 passes for 207 yards and one TD to one INT in the 18-16 loss. Had the Baltimore Ravens QB put out a dynamite performance, it would have been reasonable to expect him to have held onto the top spot. As it is, he's now behind Allen by a modest number.

YARDS TD INT QBR
2,876 25 3 75.1

Jared Goff (+600)

Patrick Mahomes & Co. fell to the Bills and Jared Goff looked superhuman in the Detroit Lions' 52-6 annihilation of the Jacksonville Jaguars. Goff was 24-for-29 with 412 passing yards (his most in a single game since 2019), four touchdown passes, and zero interceptions.

This was a welcome performance after he threw a career-worst five picks in Week 10 (somehow a Detroit victory) while completing just half of his passing attempts.

YARDS TD INT QBR
2,492 20 9 59.2

Patrick Mahomes (+1,100)

Patrick Mahomes is having a weird season. Not a bad one, but a weird one. His TD:INT ratio of 15:11 is concerning, and he's outside the Top 5 in all major passing categories. 

Mahomes held down a Top 3 spot on the NFL MVP odds board up until Week 11, but that was mainly due to the Kansas City Chiefs going undefeated in that stretch. The perfect season narrative is no longer something Patty can hold on to, and the K.C. quarterback will need to step up his play immensely if he wants to hang in the MVP convo with the juggernauts listed above him.

YARDS TD INT QBR
2,404 15 11 67.0

NFL MVP odds movement over time

NFL MVP odds prediction

Josh Allen scoring the game-clinching touchdown against Kansas City propelled him to favorite status, and I think he'll stay there for the remainder of the season.

The Buffalo Bills have a much-deserved bye in Week 12, then face a daunting three-game run that includes dates with the 49ers, Rams, and Detroit Lions. However, Buffalo is no stranger to beating top teams, and if the Bills can go at least 2-1 in that stretch, it sets up Allen to pile on the stats against the Jets and two games vs. the lowly Pats to close out the season.

Grab Allen at plus money while you still can.

Pick: Josh Allen (+150 at DraftKings)

Best NFL bonuses

FanDuel New Users
Bet $5+ on your first wager
Get $300 in bonus bets if it wins + 3 months of NBA League Pass! Claim Now

Notable NFL MVP betting splits

  • Through 11 weeks, Jared Goff holds 11.5% of MVP tickets, while Josh Allen has 16.3% of handle at BetMGM.
  • Jackson has seen his odds go from +900 to as low as +110 at BetMGM.
  • Jared Goff is considered the highest liability at BetMGM.

Popular NFL futures markets


2024 NFL MVP opening odds

Player Odds
Chiefs Patrick Mahomes +600
Bills Josh Allen +650
Bengals Joe Burrow +800
Ravens Lamar Jackson +900
49ers Jordan Love +1,200
49ers Brock Purdy +1,200
Chargers Justin Herbert +1,200 
Dolphins C.J. Stroud +1,400
Eagles Jalen Hurts +1,500
Cowboys Dak Prescott +1,500

Opening odds for the 2024 NFL MVP award were released immediately after Super Bowl LVIII on February 12, 2024. Surprise, surprise, all 10 spots were occupied by quarterbacks.

NFL MVP winners by position

Position NFL MVP Awards
Quarterback 47
Running back 13
Fullback 4
Halfback 1
Kicker 1
Defensive tackle 1
Linebacker 1

Offensive players have dominated the NFL MVP Award since its inception. Alan Page (1971) and Lawrence Taylor (1986) are the only defensive players to receive the honor since 1957.

NFL MVP winners by team

Team NFL MVP Awards
Packers Green Bay Packers 10
Colts Indianapolis Colts 8
49ers San Francisco 49ers 5
Browns Cleveland Browns 4
Rams Los Angeles Rams 4
Raiders Las Vegas Raiders 4
Patriots New England Patriots 3
Commanders Washington Commanders 3
Chiefs Kansas City Chiefs 3

The rest of the league has a way to go before catching up with the Packers. Green Bay's 10 NFL MVP trophies are split among Paul Hornung (1961), Jim Taylor (1962), Bart Starr (1966), Brett Favre (1995, 1996, 1997), and Aaron Rodgers (2011, 2014, 2020, 2021).

Former NFL MVP winners

Player Year Opening Odds
Ravens Lamar Jackson 2023 +1,600
Chiefs Patrick Mahomes 2022 +700
Jets Aaron Rodgers 2021 +800
Jets Aaron Rodgers 2020 +3,000
Ravens Lamar Jackson 2019 +4,000
Chiefs Patrick Mahomes 2018 +3,525
Dolphins Tom Brady 2017 +385
Cowboys Matt Ryan 2016 +7,500
Cowboys Cam Newton 2015 +5,200
Jets Aaron Rodgers 2014 +600

Listed above are the last 10 winners of the NFL MVP award, with Aaron Rodgers claiming three of them while on the Green Bay Packers.

NFL MVP Odds FAQs

Pages related to this topic

Kyle LaRusic - Covers
Publishing Editor

Kyle LaRusic joined Covers in 2020 with a Holland College diploma in Journalism and a Mount Saint Vincent Degree in Public Relations. Stints at Amherst News and the Cape Breton Post helped sharpen his skills in a newsroom setting, while working for MSVU and Dalhousie’s athletic departments landed Kyle in his comfort zone.

Kyle has been an avid bettor for over five years, starting with just one Sports Interaction account before discovering both the beauty and importance of price shopping. bet365 and Pinnacle are his go to books, but accounts at 10+ sportsbooks give him an array of options. “Rusty” will bet on anything under the sun as long as there’s value and good reasoning behind it, but NHL and NFL are his two favorite leagues to watch and wager on — especially with friends.

Kyle’s biggest tip for any bettor is simple: gamble responsibly. Only bet what you’re willing to lose and make sure to install a proper bankroll method to keep track of your ROI. If you’re still dwelling on the amount you lost the next day, it’s time to decrease your spending.

Popular Content

Legal Canadian sports betting

Best Canadian betting sites Ontario sports betting
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo