2021 NFL MVP Odds: Patrick Mahomes, Aaron Rodgers & Josh Allen Open As Favorites

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Getty Images. Pictured: Russell Wilson, Aaron Rodgers, Patrick Mahomes

Feb 12, 2021, 07:33 PM EST

NFL MVP Odds

Player	Odds
Patrick Mahomes	+500
Aaron Rodgers	+800
Josh Allen	+1300
Russell Wilson	+1300
Matthew Stafford	+1500
Tom Brady	+1600
Lamar Jackson	+1600
Dak Prescott	+1700
Deshaun Watson	+1700
Justin Herbert	+1800
Kyler Murray	+1800
Ryan Tannehill	+2500
Derrick Henry	+3300
Christian McCaffrey	+3300
Baker Mayfield	+4000
Carson Wentz	+4000
Jameis Winston	+4000
Joe Burrow	+5000
Kirk Cousins	+5000
Tua Tagovailoa	+5000
All odds are as of Feb. 11 and via DraftKings.

It was a two-man race, but it took until Week 16 for Aaron Rodgers to pull ahead of Patrick Mahomes on the oddsboard for 2020 NFL MVP before officially claiming the hardware at the end of the season.

Now, Mahomes and Rodgers find themselves atop the board once again for 2021 — Mahomes’ +500 odds (bet $100 to net a $500 profit) give him a 16.7% implied probability to win the award while Rodgers’ +800 odds give him an 11.1% implied probability (convert more odds with our calculator).

Both led their teams to the No. 1 seeds in their respective conferences in 2020 on the heels of phenomenal regular-season performances:

Mahomes (14-2): 66.3% comp; 4,740 yards; 38 TDs; 6 INTs; 82.9 QBR
Rodgers (13-3): 70.7% comp; 4,299 yards; 48 TDs; 5 INTs; 84.4 QBR

It’s no surprise that, given their MVP odds, the Chiefs and Packers open the 2021 season with the best odds to win Super Bowl 56.

Josh Allen and Russell Wilson, who entered the 2020 race at various points, are tied for the third-best MVP odds at +1300. The next crop of quarterbacks on the board are led by Matthew Stafford, whose MVP odds rose in the wake of being traded from the Lions to the Rams to kickstart the offseason QB carousel.

As for non-QBs, Derrick Henry and Christian McCaffrey share honors of being the highest running backs on the board, tied at +3300 odds.

More QBs are expected to find new homes in the coming months, either via trade or during free agency. We’ll be tracking how the MVP odds shift as that offseason movement unfolds, so be sure to keep this page bookmarked until Week 1 kicks off.