Only eight players in NBA history have ever won three MVP trophies across the 68-year history of the award. Our best sports betting sites expect Denver Nuggets star Nikola Jokic to join that list later this year, dealing him as the prohibitive favorite following the NBA All-Star break.
The two-time MVP has been the clear front-runner for most of the season. But especially since the Jan. 30 injury to Joel Embiid, who won his first MVP award last season and has now missed too many games to qualify in 2024.
That injury left Jokic and Oklahoma City Thunder guard Shai Gilgeous-Alexander as the clear top-two options in this market. However, there are some other superstar talents who could make a late run at this award over the final two months of the regular season.
Here's a look at the latest 2024 NBA MVP odds following the All-Star break, along with our top NBA picks among the favorites, contenders, and long shots.
NBA MVP odds 2024
(Odds updated Feb. 19)
NBA MVP favorite 2024
Nikola Jokic (-140 via BetMGM)
Jokic was the clear but not overwhelming favorite by our best sports betting apps a few weeks ago when he was dealing as high as +115 through DraftKings and FanDuel amid a historic few weeks for scoring leaguewide. Now he's the odds-on favorite to win this year's award with last year's MVP eliminated.
Jokic has made a compelling case of his own even without Embiid's disqualification. He leads the league in a cadre of advanced stats while guiding the Nuggets to their best win percentage (.655) since the 2018-19 season.
However, he ranks behind Gilgeous-Alexander in win shares and still trails Embiid in PER, and many of his rate stats are worse than last year when he didn't win this award. He'll probably take the honor, but this doesn't feel like the lock that these short odds might suggest.
NBA MVP odds 2024: Contender
Shai Gilgeous-Alexander (+220 via BetMGM)
Every week it seems like Gilgeous-Alexander's MVP odds get ever-so-slightly shorter than the before. That remains the case following the NBA All-Star break, with the Thunder star trading at +220 or shorter across our best sportsbooks.
As mentioned above, SGA leads the league in win shares (11.2), and he also ranks second in scoring (31.1 points per game) while pacing the field in steals per game (2.2). It's quite the resume for the clear-cut leader of arguably the NBA's biggest surprise contender in our NBA Finals odds.
Gilgeous-Alexander maintains the best two-way credentials of anyone firmly in the MVP race, and he could boast the top team success to boot depending on the final two months of the regular season. These odds have never been shorter, but there's still some potential value at this price.
NBA MVP odds 2024: Long shot
Kawhi Leonard (+10000 via FanDuel)
Leonard has seen his name creep into MVP conversations this month and especially in the week leading up to the All-Star break, even as he continues to deal at +10000 odds via FanDuel. That's a truly insane price for a player of his caliber amid a season like the one he and the Los Angeles Clippers have been enjoying thus far.
Los Angeles is a stellar 25-5 since Dec. 1 when Leonard plays, outscoring opponents by nearly 10 points per game. He's also missed just five contests all season, dispelling the concerns that Leonard can't survive in this post-load management environment in which award eligibility depends on playing nightly.
Leonard doesn't produce the typical box-score metrics that would bolster his MVP candidacy. But he's looked every bit like a top-five player (at worst) for a Clippers team that could threaten for the No. 1 seed in the West. If that happens, this 100/1 price will look like grand larceny in a few months.
NBA MVP odds movement
Jokic opened as the NBA MVP favorite ahead of the 2023-24 season. He and Embiid jostled for position for much of the season until the latter suffered a meniscus injury that's already cost him too many games to qualify for MVP or any regular-season award.
Gilgeous-Alexander has assumed Embiid's place in the top two after entering the season with +1800 odds following Canada's run in the summer's FIBA World Cup. He's priced just ahead of perennial MVP candidates Giannis Antetokounmpo and Luka Doncic, while Leonard is hanging around as a fascinating 100/1 long shot.
Recent NBA MVP winners
NBA MVP betting analysis
With this shaping up to be a tightly contested race at our best sportsbooks, it's important to shop around for the best number at all times. This can be a great opportunity to build multiple positions in the coming months.
That's especially true now that the entire market has seen a dramatic shift in the wake of Embiid's injury. Some players, like Jokic and Gilgeous-Alexander, are dealing at prices we haven't seen all year, while dark-horse candidates Doncic and Antetokounmpo have similar odds but with a clearer path to win without Embiid.
Keep an eye on long shots like Leonard and Jayson Tatum, who are the clear No. 1 options for teams that could claim the top seed in their respective conference. This could be a year that we see a first-time winner given Jokic's relative dip in production compared to previous seasons.
NBA betting odds pages
NBA MVP FAQs
Who is the NBA MVP favorite?
Denver Nuggets center Nikola Jokic is the clear betting favorite (-140) following the NBA All-Star break, with Shai Gilgeous-Alexander (+220) dealing as the second choice across our best sportsbooks.
Who won the NBA MVP last year?
Joel Embiid (+600) became the first Philadelphia 76er to win the award since Allen Iverson in 2000-2001.
When will the NBA MVP be decided?
Though the date for the 2024 award reveal hasn't been decided, the winner of last year's award was announced on May 2, 2023.
What is the NBA MVP trophy called?
The NBA MVP trophy was renamed as the Michael Jordan Trophy. It will be awarded annually to the NBA's most valuable player.
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