MLB MVP Odds 2024: Judge, Ohtani Runaway Favorites as All-Star Weekend Approaches

With MLB All-Star weekend on the horizon and the game set for July 16, the MLB MVP odds race in both the AL and NL remains dominated by a single player.

It comes as no shock that MLB odds have labeled New York Yankees’ Aaron Judge and Los Angeles Dodgers’ Shohei Ohtani as clear favorites in both leagues. Not surprisingly, both players have been named as starters for the upcoming All-Star game.

Judge has been dominating the AL MVP race since May, but an injury to Mookie Betts has given Ohtani the opportunity to potentially win his first NL MVP award and third MVP title overall.

Although they are both considered strong favorites, there is still enough time remaining in the season for some key players on teams with high World Series odds to narrow the gap.

Check out the top MLB MVP odds on our recommended MLB betting sites.

Odds to win AL MVP 2024

AL MVP odds from our top sports betting apps as of July 4 | = best odds | ❄️ = worst odds

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AL MVP odds analysis

On July 4, 2024, it’s hard to believe that Judge started the season off in a slump. With a batting average of just .207, an on-base percentage of .340, and a slugging percentage of .414 in the first 31 games, he has since turned things around and had an outstanding month. In June, Judge hit 11 home runs in 25 games and had a slash line of .409/.514/.864, showing no signs of slowing down as he continues his hot streak into July.

The previous AL MVP has managed to surpass his performance from two years ago this season. Judge currently leads the AL in average (.318), OBP (.438), SLG (.711), OPS (1.149), home runs (32), RBIs (83), total bases (219), and WAR (6.2).

He is heavily favored with odds as short as -350 on our top sports betting platforms, indicating a 77.78% chance of winning the AL MVP. The best payout at -270 offers only a $3.70 profit on a $10 bet. While Gunnar Henderson and Juan Soto may still have a slim chance, it is unlikely for them to catch up as long as he remains healthy.

Henderson has been named an All-Star starter for the first time, thanks to his impressive 26 home runs, which rank second in the AL. Meanwhile, Soto has been hitting the ball hard in his debut season with the pinstripes, with a .300 batting average, .437 on-base percentage, and 20 home runs.

Odds to win NL MVP 2024

Updated NL MVP odds as of July 4th from our top sports betting apps: Best odds: ⭐️Worst odds: ❄️

NL MVP odds analysis

On July 4, 2024, despite injuries affecting the NL MVP race, it is clear that one of the Dodgers’ top three players will ultimately win the award. It appears that Ohtani is the frontrunner for the accolade.

Before being struck by a pitch and fracturing his hand, Betts was poised to win his second MVP award, his first in the NL. However, a rough start to June allowed Ohtani to close the gap in the race. Since the injury, Ohtani has surged ahead and is now the clear front-runner for the award.

Ohtani is dominating the NL in multiple categories, including average (.319), SLG (.642), OPS (1.042), home runs (27), total bases (213), and WAR (4.9). His performance has been exceptional, especially with 12 homers in June following Betts’ injury. With Bryce Harper also sidelined due to a hamstring injury, it appears unlikely that anyone will be able to catch Ohtani in the NL MVP race.

Harper, a two-time MVP, was likely the top player in the NL during June. In 23 games, he hit seven home runs with a .374/.452/.714 slash line. However, his injury has contributed to Freddie Freeman becoming a more prominent player in the oddsboard.

At 34 years old, Freeman is defying his age and having another outstanding All-Star season for the Los Angeles team. Despite not possessing the same power as Ohtani or Harper, he showcased his skills by hitting .319/.416/.617 in June.

The NL race is following a similar path as the AL race, and if Ohtani remains injury-free, he is likely to win the award. The odds of him winning are highest at -278, suggesting a 73.54% chance of him being victorious. A $10 bet on the lowest odds of -230 would result in a $4.35 profit if he wins.

Past MLB MVP winners

Past AL MVP winners

Past NL MVP winners

How to bet on MLB MVP

To start, select a reliable sportsbook that offers MLB MVP futures. Compare the odds for different players – for example, if Aaron Judge has odds of +400 and Gunnar Henderson has odds of +800, Judge is considered the favorite. Make your bet by determining the amount you want to wager. If you bet $100 on Judge at +400 and he wins, you will receive $500 in total ($400 in profit plus your original $100 stake). Monitor player performances during the season to track the progress of your bet.

Keep in mind that future markets are constantly changing. Performance and perception are key factors in determining odds. A player’s performance, injuries to themselves or competitors, and the success of their team all play a role in shifting MVP chances.

Public betting trends impact the odds as sportsbooks may adjust them to balance their risk based on the number of bets placed on a particular player. Expert analysis and predictions can also sway public opinion and influence betting patterns, ultimately affecting the odds. By recognizing these factors, you can make well-informed bets and potentially capitalize on favorable odds shifts.

How to read MLB MVP odds

Odds are usually displayed as either +400 or -150. Positive odds (e.g. +400) indicate the potential profit from a $100 bet. For instance, a $100 bet at +400 odds would yield $400 in profit, in addition to the original $100 stake, for a total of $500. Negative odds (e.g. -150) represent the amount needed to bet in order to win $100. Therefore, a $150 bet at -150 odds would result in a $100 win, plus the initial $150 stake, totaling $250.

These odds indicate the likelihood of a player winning the MVP award, with lower odds (+200) suggesting a higher chance of winning and higher odds (+1000) indicating a lower chance. Underscores factor in variables such as player performance, injuries, team success, and betting trends to adjust these odds.

If Shohei Ohtani has odds of +400 and Freddie Freeman has odds of +800, Ohtani is seen as the more favored to win. Betting $100 on Ohtani would result in a $500 return if he wins ($400 profit + $100 stake). Knowing how to interpret these odds can assist in making well-informed betting choices and evaluating potential earnings.

MLB MVP FAQs

Who are the MLB MVP favorites?

Shohei Ohtani, the powerful shortstop for the Los Angeles Dodgers, is currently the favorite in the National League with odds of -230. In the American League, Aaron Judge of the New York Yankees is leading the pack as the front-runner with odds of -270.

Who won the MLB MVP Awards last year?

Shohei Ohtani of the Los Angeles Angels secured his second American League MVP title in three years, while Ronald Acuna Jr. of the Atlanta Braves claimed his first National League MVP honor.

When will the MLB MVP Awards be decided?

The 2024 awards date has not yet been set, but the recipients of the 2023 MVP awards were revealed on November 16, 2023.

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