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2025 NBA MVP Odds & Favorites: SGA Overwhelming Betting Favorite Over Jokic
Pictured: Denver Nuggets center Nikola Jokic (15) defends a drive by Oklahoma City Thunder guard Shai Gilgeous-Alexander (2). Photo by Alonzo Adams via Imagn Images.

Shai Gilgeous-Alexander is the NBA MVP-in-waiting. The only thing left to do is wait until early May when the award is announced to officially crown the first-time winner, who has led the Oklahoma City Thunder to the Western Conference's No. 1 seed for a second consecutive season.

Gilgeous-Alexander has paced the NBA MVP odds race for the better part of the season, and he's now lapping the field with heavily juiced odds. He leads the league in several categories, including points-per-game and 50-plus-point performances. That only tells part of the story of his sensational season.

Denver Nuggets superstar Nikola Jokic is enjoying a career year, but our best sportsbooks refuse to believe he can catch Gilgeous-Alexander at this point. Our latest NBA MVP odds update details how it's Gilgeous-Alexander's award to lose.

📊 NBA MVP odds 2025

Here are the latest NBA MVP odds from our best sports betting sites.

🔢 NBA MVP opening odds

  • Nikola Jokic, Nuggets: +350
  • Luka Doncic, Mavericks: +370
  • Joel Embiid, 76ers: +550
  • Shai Gilgeous-Alexander, Thunder: +600
  • Giannis Antetokounmpo, Bucks: +650
  • Anthony Edwards, Timberwolves: +1200
  • Jayson Tatum, Celtics: +1600
  • Jalen Brunson, Knicks: +1600
  • Stephen Curry, Warriors: +5000
  • Victor Wembanyama, Spurs: +5000
  • Ja Morant, Grizzlies: +5000
  • Kevin Durant, Suns: +6000

🏀 NBA MVP odds favorite 2025

🌩️ Shai Gilgeous-Alexander MVP odds (-1400)

Gilgeous-Alexander is the personification of consistency, as he's on pace to average more than 30 points, 5.5 assists, 4.8 rebounds, and 1.5 steals per game for the third straight season. After failing to bring home the league's most coveted individual award in previous campaigns, our best sports betting apps put him in the driver's seat this go-around.

He's recording historic numbers that include a career-high in points per game. As such, as long as the face of Oklahoma City's young nucleus stays healthy, Gilgeous-Alexander should run away with this individual accolade. If he does take it home, a $10 bet returns a $0.71 profit.

Best odds: -1400 via bet365 | Implied probability: 93.33%

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🃏 Nikola Jokic MVP odds (+850)

2025 NBA MVP Odds and Favorites
Pictured: Denver Nuggets center Nikola Jokic (15) works in the post against Los Angeles Lakers guard Gabe Vincent (7). Photo by Christopher Hanewinckel via Imagn Images.

Jokic is a one-man show, and he's trying to lead the Denver Nuggets on another championship run. He leads his team in scoring, rebounds, assists, and steals, as Jokic is undeniably enjoying the best season of his career. It's nearly unfathomable to say that about a three-time MVP, but Jokic continues to turn heads, even in his 10th season.

The big man is on pace to average a triple-double this season. Jokic would become only the third player to accomplish that feat, joining Russell Westbrook (2016 to 2021) and Oscar Robertson (1961-62). Unfortunately, that doesn't guarantee Jokic the MVP. Westbrook (2017) was the lone MVP winner across the aforementioned five seasons.

Voter fatigue is setting in with Jokic, and his odds at our best sportsbooks reflect that unfortunate reality. Nevertheless, if he wins the award for the fourth time in five years, a $10 wager would return $85 in profit.

Best odds: +850 via FanDuel | Implied probability: 10.53%

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🏆 NBA MVP odds history & past award winners

YearNameTeamPreseason odds
2023-24Nikola JokicDenver Nuggets+450
2022-23Joel EmbiidPhiladelphia 76ers+600
2021-22Nikola JokicDenver Nuggets+1600
2020-21Nikola JokicDenver Nuggets+2500
2019-20Giannis AntetokounmpoMilwaukee Bucks+210
2018-19Giannis AntetokounmpoMilwaukee Bucks+475
2017-18James HardenHouston Rockets+1100

📖 How to read NBA MVP odds

Reading NBA MVP odds involves understanding the implied probability and potential payouts associated with each player's odds of winning the MVP award. NBA MVP odds are typically presented in American odds.

These use plus and minus symbols to indicate underdogs and favorites, respectively. For instance, if a player's odds are +500, a $100 bet would result in a $500 profit if the player wins, while odds of -200 would mean that a $200 bet is required to win $100 in profit.

When reading NBA MVP odds, lower odds indicate that a player has a higher probability of winning the award, while higher odds suggest that a player is considered less likely to win. Bettors should consider factors such as a player's performance, team success, and narrative appeal when evaluating MVP odds.

It's also important to compare odds across different sportsbooks to identify the best value bets. Additionally, bettors should keep in mind that MVP odds can fluctuate throughout the season based on player performance, injuries, and other factors, so staying informed and monitoring odds changes can be crucial for making informed betting decisions.

❓ NBA MVP FAQs

Who is the NBA MVP odds favorite?

Oklahoma City Thunder guard Shai Gilgeous-Alexander is the betting favorite to win NBA MVP honors with -1400 odds, which represent a 93.33% implied probability, according to our odds converter.

Who won the NBA MVP last year?

Nikola Jokic secured his third NBA MVP trophy in four seasons in 2024, ranking in the top 10 in points (26.4), rebounds (12.4), and assists (9.0) to run away with the award.

When will the NBA MVP be decided?

We can expect this year's award to be decided at a similar time as last season, which was during the NBA playoffs on May 8.

What is the NBA MVP trophy called?

The NBA MVP trophy was renamed as the Michael Jordan Trophy. It's awarded annually to the NBA's most valuable player.

💰 NBA betting odds pages

🏀 Best NBA betting sites

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