NBA MVP Odds & Betting Favorites For 2025

NBA odds are one of the most popular betting options available at the BetMGM online sportsbook. But even among those who don’t bet very often, the NBA Most Valuable Player debate is a popular and deeply accessible topic of conversation. 

Even casual observers of American professional basketball usually have opinions. Who’s overrated? Who’s up-and-coming? Who’s won too many, or too few?

The NBA MVP odds market offers a way to formalize your opinions and – with a little bit of luck – maybe even profit from them.

Here, I break down the full market, including many of the most popular names and candidates for the 2025 season.

NBA MVP Odds 2025

NBA MVP Prediction: Who Will Be Named NBA MVP For 2025?

Based on the current futures market, Shai Gilgeous-Alexander has an implied 83.3% chance to win NBA MVP in 2025.

Shai Gilgeous-Alexander NBA MVP Odds To Win, 2025

Shai Gilgeous-Alexander, the Thunder point guard, is currently -500 to win NBA MVP.

SGA has been outstanding this season, leading the league in scoring with 32.5 points per game on a very efficient 52% from the floor. He’s the cog at the center of the best team in the West. He’s a rightful favorite in the MVP market.

Well … he’s a rightful, co-favorite, anyway…

Nikola Jokić NBA MVP Odds To Win, 2025

Nikola Jokić, the Nuggets center, is currently +300 to win NBA MVP.

Jokić is arguably having the best season of his career, which definitionally puts the three-time award-winner back into another MVP discussion. ESPN’s latest straw poll of MVP voters puts both Jokić and SGA in a clear category of their own.

SGA has become such a huge favorite in the MVP race because of the meta consideration that assumes a certain level of Jokić fatigue. People like SGA because they are assuming voters want to vote for someone new.

Under normal pretenses, that would probably be a good assumption. The NBA and its stakeholders often consider history before casting major votes, and the historical implications of a fourth MVP loom large. It’s easy to understand why a new MVP like SGA would be an attractive vote to cast for some media members.

But in the betting markets, when odds are attached, this conversation flips back in the direction of Jokić. Paying five dollars for an SGA ticket on a meta voting consideration is difficult to justify when Denver’s star center is still a confirmed co-favorite in the eyes of many voters.

Considering the current price of both players, grabbing the value with Jokić +300 looks to me like the superior option. 

List of NBA MVP Winners