NBA MVP Odds 2025: Jokic Surges to Reclaim Favorite Status

Some things in the NBA change, but often, they end up staying the same. That is certainly the case when it comes to this year's Most Valuable Player race, in which Nikola Jokic is the favorite to win for the fourth time despite starting the season third in the market at our best NBA betting sites.

• Jokic (+210) has surged up the leaderboard after a monster start to the year, as he's nearly single-handedly led the Denver Nuggets to a 7-5 record
• Shai Gilgeous-Alexander (+290) was the favorite earlier in the season and has simply been overtaken by the dominance of "The Joker"
• Jayson Tatum (+470) is the clear third option in the market, leading his Celtics team that paces the NBA championship odds in points per game

Here are the full NBA Most Valuable Player odds as the new campaign has officially been active for more than a month.

NBA MVP odds 2025

NBA MVP odds from our best sports betting sites.

• Davis has yet to cool off from a monster start to the 2024-25 campaign, averaging a career-best 31.1 points per game along with 11.2 boards
• Antetokounmpo has held up his end of the bargain with his play for the Milwaukee Bucks, but his team's poor 5-9 start to the campaign could cause complications for his MVP candidacy
• Mitchell is leading the way for the stunning Cleveland Cavaliers, who have jumped out to a historic 15-0 start on the season

NBA MVP favorite 2025

Nikola Jokic (+210)

The Nuggets started off the season concerningly slow, clearly lacking depth and scoring outside of three-time MVP Jokic. And then, the Serbian went absolutely nuclear to help right the ship.

Jokic went on a tear across four games from Nov. 4 to 10, averaging a beyond-ridiculous 29.5 points, 15.8 rebounds, and 14.5 assists while hitting 56.6% of his shots. The Nuggets won every contest in that span.

Naturally, Jokic has missed the last two games due to personal reasons, and the Nuggets dropped them both. His sheer importance to his squad is a large reason why he has surged from No. 3 in the MVP oddsboard to a No. 1 spot as of Nov. 19.

It's worth diving into the analytic stats to show just how fantastic Jokic has been. Despite posting the highest career PER record in league history, Jokic is posting the most points he's ever had at 33.6. He's also setting career marks in win shares per 48 minutes and box plus-minus.

If Jokic is able to continue his dominance and win a fourth MVP award, a $10 bet would return a $21 profit.

Best odds: +210 via FanDuel | Implied probability: 32.26%

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My NBA MVP candidate to watch

Jayson Tatum (+470)

We made the case for Tatum when he was still trading at 20/1 through Caesars entering the season. Now he's among the favorites to win this award.

He's still one of the best values on the board amid his sizzling start to the season for the Celtics, who look every bit as dominant this year as they did in their title season.

Meanwhile, Tatum has been exceptional on both ends of the floor, putting up 29.7 points per game, adding 7.9 rebounds and a career-best 5.9 assists. He's also hitting career-high marks in 3-pointers per game (4.2) and steals (1.4).

Tatum seems especially motivated to prove the doubters wrong this year after getting snubbed for NBA Finals MVP honors last year and enduring a rocky run during the Olympics this past summer.

The Celtics star has been named to the All-NBA first team in three consecutive seasons while finishing in the top six in MVP voting each time. If he finally finishes the deal, a $10 bet at FanDuel would return a $47 profit.

Best odds: +470 via FanDuel | Implied probability: 17.54%

How to bet on NBA MVP

Betting on NBA MVP odds is straightforward. First, pick a reputable sportsbook offering NBA MVP futures. Check the odds for various players; for instance, if Player A has +300 odds and Player B has +700, Player A is favored to win.

Place your bet by deciding how much to wager. If you bet $100 on Player A at +300 and they win, you’ll get $400 back ($100 stake + $300 profit). Keep an eye on player performances throughout the season to gauge your bet’s potential.

Now, why do odds move in future markets? It’s all about performance and perception. If a player performs exceptionally well or poorly, their odds will shift. Injuries to the player or their competitors can also significantly impact their MVP chances.

The success of the player’s team can improve their odds as well. Public betting trends play a role; if many people are betting on one player, sportsbooks might adjust the odds to balance their risk. Expert analysis and predictions can also influence how people bet, affecting the odds. Understanding these factors helps you make informed bets and potentially take advantage of favorable odds movements.

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 odds over time

Latest odds via FanDuel.

Past NBA MVP winners

NBA MVP FAQs

Who is the NBA MVP favorite?

Denver Nuggets big man Nikola Jokic is the betting favorite to win NBA MVP honors with +210 odds representing a 32.26% 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 2023-24, 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?

With the 2023-24 award announced on Wednesday, May 8, during the NBA playoffs, we can expect next year's award to be decided at a similar time.

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

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