2024 NFL MVP Futures Preseason Betting Odds and Best Bets

With preseason in full effect and kickoff for the regular season just a month away, we revisit those odds to see if there is any value or trends worth noting among the top 10 in the odds table. Unsurprisingly, sports betting sites all have Patrick Mahomes as the odds-on NFL betting favorite to take home his third such trophy.

2024 NFL MVP Futures Preseason Betting Odds

All odds provided by Betway.

The Leader: Patrick Mahomes, QB, Kansas City Chiefs (+500)

To put it bluntly, this guy has been the best MVP bet every year since 2018. His team has the chance to be the best in the league every year, and the biggest reason for that is Patrick Mahomes. He’s shown that he can keep the boat steady no matter what kind of support he gets on offense, and he’ll be entering this season with his best weapons cache since 2021.

He won an MVP in 2022 with Juju Smith-Schuster and Marquez Valdes-Scantling as his top targets at wide receiver. Now, he’s got Pro Bowler Marquise “Hollywood” Brown and rookie first-rounder Xavier Worthy to throw to. Both of these speedsters fit perfectly with a cannon-armed QB like Mahomes, giving him what he’s been missing since Tyreek Hill’s departure.

Everyone in the AFC got better, but so did Kansas City, so they should once again be fighting for that No. 1 seed. If they’re among the best in the conference, you can bet your sweet behind it’s because of Mahomes, who will always be in the thick of the MVP race. At +500, he’s still offering solid value despite those odds dropping from +650 before they drafted Worthy in April. There isn’t a safer bet on the board.

Second Tier: Josh Allen (+800), C.J. Stroud (+900), Joe Burrow (+900)

In Buffalo, Josh Allen lost his top two targets, and will now be working with Keon Coleman and Curtis Samuel as well as what’s expected to be a much stronger running game behind James Cook. Allen is going to get his stats, but with this more conservative approach, he should be able to limit his turnovers, which are the main reason he hasn’t won one of these yet. The main question is how good the Bills are going to be; if they win yet another division title, Allen looks great at +800, but if not, his case will be hard to make.

Joe Burrow is another top option offering slightly more value at +900. He’s got one of the best supporting casts of skill players in the league, and he’s got a proven track record as a top three QB in this league when healthy. His health is what holds us back from this bet, however, not to mention how insanely tough the AFC North is shaping up to be.

No. There is a better option in a better situation, and that’s C.J. Stroud. Before you say he’s too young to win, consider that both Mahomes and Lamar Jackson won MVPs as NFL sophomores within the last five years. He’s got a defensive head coach that is getting that unit in order, he has a new WR1 and RB1, arguably the best stable of pass-catchers behind that, and he plays in one of the easiest divisions in football. If you’re not going to bet on Mahomes, Stroud at +900 is where your money should be going.

Long Shots Worth Considering

• Aaron Rodgers, NYJ (+2,000): If he can stay upright and healthy, Rodgers could surprise a lot of people. The Jets have a revamped o-line and receiver room, and their defense is still elite. If New York wins the AFC East, Rodgers will be in the mix.
• Tua Tagovailoa, MIA (+2,200): Miami’s offense is the most fun to watch in the league, and if they can just find a way to stretch those good times to December, Tagovailoa’s got the statistical ceiling to win this award.
• Kirk Cousins, ATL (+2,500): Cousins has never had trouble putting up numbers in the regular season, and he might have his deepest group of offensive weapons now. If Cousins can lead Atlanta to 11-12 wins, he’s got a great chance.
• Christian McCaffrey, SF (+5,000): A non-QB has not won since 2012, but if there was ever someone that could do it, it’s CMC, who had a great argument to win the award last year. If he leads all backs in rushing and receiving again by the margin he did in 2023 and the 49ers get another No. 1 seed, he simply must get consideration. At +5,000, he’s very much worth a dart throw here.