MLB MVP Odds & Favorites 2025: Judge, Ohtani the Early Favorites

The Los Angeles Dodgers' reign of terror is clear in the MLB MVP odds given to their top sluggers.

Incredibly, the Dodgers boast three players in the top 15 by the odds on the NL side. That includes favorite Shohei Ohtani, who's set to return to the mound eventually this coming season. Ohtani and newly-acquired New York Mets baseball-launcher Juan Soto are far ahead of the field on that side.

The AL is a little more clustered, though there's still a notable gap separating the favorite Aaron Judge and Bobby Witt Jr. from the others in the top four prior to a steep drop.

Judge and Ohtani are then favored to defend the crowns they earned last season as the MVPs of their respective leagues. Can someone else rise up to challenge?

AL MVP odds 2025

Odds for the 2025 AL MVP Award from our best MLB betting sites.

AL MVP odds analysis

Jan. 20, 2025: Judge fizzled during the playoffs, and that remains a stunning and puzzling part of his career.

But that's a separate conversation, as the MLB MVP award is a regular-season honor, and Judge continues to mash everything in sight over that far larger sample size.

Judge led the league with 58 homers and 11.2 fWAR, among various other major statistical categories, including an astronomical career-best OPS of 1.159 while helping his Yankees win the AL East. He'll be leaned on even more heavily now with Soto gone.

For his part, Bobby Witt Jr. enjoyed a fantastic season in one of the best second-place performances ever. He was one of just three players in MLB to go 30-30 last year, and Witt earned a Gold Glove for his outstanding defensive work. As a result, he's the second-largest favorite here in January, and there's a decent gap between him and Gunnar Henderson.

The space between Judge and Witt in the AL MVP odds at our best sportsbooks is as small as you'd expect after the way they finished last season. However, there's significant separation further down, with Yordan Alvarez getting an 11.11% implied probability, with Corey Seager in the distance behind him at 5.88%.

NL MVP odds 2025

Odds for the 2025 NL MVP from our best sports betting apps.

NL MVP odds analysis

Jan. 20, 2025: Ohtani remains the ultimate baseball unicorn.

The megastar became the first player in MLB history to go 50-50, leading the NL in fWAR despite not playing a position. He helped his Los Angeles Dodgers win the World Series during his first season with the team, capping off a historic first campaign in the NL.

And the Dodgers lead the World Series odds again after an offseason filled with key additions. One such addition of sorts will be Ohtani returning to the pitching mound again eventually this coming season.

There's the looming threat of voter fatigue with any even somewhat normal player, as Ohtani has taken the award in two straight seasons and three times overall (including in both leagues, incredibly).

But Ohtani is such a rare talent that he seems immune to such thinking. He became the first full-time designated hitter to win the award in 2024, and he'll resume being a two-way phenom this season.

Pitching is Ohtani's added unique weapon to combat voter fatigue. He sits 17th in the Cy Young odds despite likely being set to miss a chunk of time still as a pitcher, and among the favorites in the home run leader odds.

Soto is a threat in the NL now too after shifting New York teams to the Mets. He's fresh off putting together an astounding season with a career-high 41 homers to finish third in AL MVP voting.

Ohtani's teammate, Mookie Betts, lurks just a few spots further down by the odds. He was a leading MVP contender this past season before an injury plunged him down the oddsboard.

MLB MVP odds history

Past AL MVP winners

Past NL MVP winners

How to bet on MLB MVP

First, choose a reputable sportsbook offering MLB MVP futures. Check the odds for various players. For instance, if Aaron Judge has +400 odds and Gunnar Henderson has +800, Judge is favored to win.

Place your bet by deciding how much to wager. If you bet $100 on Judge at +400 and he wins, you’ll get $500 back ($400 profit + $100 stake). Keep an eye on player performances throughout the season to see how your bet is shaping up.

Remember, future markets always see plenty of movement. 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, which in turn affects the odds.

How to read MLB MVP odds

Odds are typically shown in a format like +400 or -150. Positive odds (e.g., +400) indicate how much profit you'd make on a $100 bet.

For example, a $100 bet at +400 odds would win you $400, plus your original $100 stake, totaling $500. Negative odds (e.g., -150) show how much you need to bet to win $100. So, a $150 bet at -150 odds would win you $100, plus your $150 stake, totaling $250.

These odds also reflect the implied probability of a player winning the MVP award. Lower odds (e.g., +200) suggest a higher likelihood of winning, while higher odds (e.g., +1000) indicate a lower likelihood.

For example, if Shohei Ohtani has +400 odds and Freddie Freeman has +800 odds, Ohtani is considered more likely to win. If you bet $100 on Ohtani and he wins, you'd get $500 back ($400 profit + $100 stake).

Sportsbooks adjust these odds based on factors like player performance, injuries, team success, and betting patterns. Understanding the odds helps you make informed betting decisions and assess potential returns.

MLB MVP FAQs

Who are the MLB MVP favorites?

Los Angeles Dodgers slugger Shohei Ohtani is the favorite in the National League at +200, leading to an implied probability of 33.33%. Meanwhile, Aaron Judge of the New York Yankees is the front-runner in the American League while getting +300 odds, translating to an implied probability of 25%.

Who won the MLB MVP Awards last year?

Los Angeles Dodgers designated hitter Shohei Ohtani won his third MVP award and first in the National League during 2024.

In the American League, New York Yankees outfielder Aaron Judge won for the second time.

When will the MLB MVP Awards be decided?

The winners of the 2024 MLB MVP Awards were announced on Thursday, Nov. 21.

Who has won the most MVP awards?

Barry Bonds' seven career MVP awards are the most in MLB history. No one else has won more than three, with 10 players tied at that number.

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