We might have a race brewing in the American League, after all.
The MLB odds still list Aaron Judge as a significant favorite, but Cal Raleigh has closed the gap quite a bit.
Let's break down the races in this week's AL & NL MVP odds.
Odds to win AL MVP 2025
| Player |  |
 |
 |
|---|---|---|---|
 Aaron Judge |
-900 | -1450 | -800 |
 Cal Raleigh |
+475 | +700 | +600 |
 Jeremy Pena |
+8000 | +12000 | +7500 |
 Jose Ramirez |
+10000 | +12000 | +10000 |
 Bobby Witt Jr. |
+10000 | +12000 | +10000 |
 Tarik Skubal |
+12000 | +15000 | +12500 |
 Vladimir Guerrero Jr. |
+15000 | +20000 | +15000 |
 Junior Caminero |
+18000 | +15000 | +15000 |
Odds last updated on 6-30.
AL MVP odds analysis
Cal Raleigh is a beast. Affectionately known as "Big Dumper," the switch-hitting Seattle Mariners catcher is pacing the majors in home runs with 32, and he has closed the AL MVP gap considerably.
Cal Raleigh just became the seventh player in MLB history with at least 32 home runs in the first 77 games of his team's season.
— Cameron Van Til (@CameronVanTil) June 24, 2025
The others? Babe Ruth (twice), Barry Bonds, Mark McGwire, Reggie Jackson, Ken Griffey Jr. and Luis Gonzalez. pic.twitter.com/ugeKTpTmTr
Just two weeks ago, Aaron Judge was as short as -20000 while you could still wager on Raleigh at +2500. Well, a Judge slump combined with Raleigh's surge has tightened things.
Altogether, Raleigh is batting .275/.388/.643 with 32 home runs, 69 RBI, and even nine stolen bases. He has 10 homers in 25 June games while batting .299 for the month.
Judge is second in long balls with 30. However, we'll still need to see a more sustained run from Raleigh and a more precipitous collapse from Judge before this will feel like a legitimate race. The New York Yankees star is still batting .356 with a 221 wRC+ for the season, after all.
Odds to win NL MVP 2025
| Player | |
|
|
|---|---|---|---|
 Shohei Ohtani |
-1200 | -2100 | -1200 |
 Pete Crow-Armstrong |
+1100 | +3000 | N/A |
 Juan Soto |
+3000 | +3000 | N/A |
 Ronald Acuna Jr. |
+3500 | +5000 | N/A |
| Kyle Tucker |
+4000 | +3000 | N/A |
 Fernando Tatis Jr. |
+4500 | +6000 | N/A |
| Freddie Freeman |
+5000 | +6000 | N/A |
| Francisco Lindor |
+5000 | +6000 | N/A |
 Ketel Marte |
+5500 | +6000 | N/A |
 James Wood |
+5500 | +5000 | N/A |
| Pete Alonso |
+6500 | +6000 | N/A |
Odds last updated on 6-30.
NL MVP odds analysis
Shohei Ohtani has so far been used as an opener in his three pitching appearances. The second was his best, striking out two in a scoreless frame against the Nationals. He also went 2-for-4 with a triple, a home run, a walk, and five RBI.
Shohei Ohtani strikes out back-to-back batters to end the 1st 😮💨 pic.twitter.com/AJj2iDBSiz
— MLB (@MLB) June 22, 2025
The added dimension of Ohtani as a pitcher will likely give him all the edge he needs, especially as his offense has not been compromised.
Still, even if the race appears to be getting out of reach, there are more than a dozen batters that have been worth at least 2.5 WAR by FanGraphs' metric, including Pete Crow-Armstrong. The Chicago Cubs outfielder has already reached the 20-20 plateau with 21 home runs and 25 stolen bases while playing an elite center-field defense.
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MVP betting splits
American League MVP
Highest Ticket%
- Bobby Witt Jr., Royals - 23.4%
- Julio Rodriguez, Mariners - 7.9%
- Vladimir Guerrero Jr., Blue Jays - 6.6%
Highest Handle%
- Bobby Witt Jr., Royals - 26.9%
- Aaron Judge, Yankees - 15%
- Julio Rodriguez, Mariners - 9.7%
Biggest Liability
- Bobby Witt Jr., Royals
National League MVP
Highest Ticket%
- Elly De La Cruz, Reds - 14.6%
- Shohei Ohtani, Dodgers - 13.2%
- Corbin Carroll, Diamondbacks - 7.1%
Highest Handle%
- Shohei Ohtani, Dodgers - 45.9%
- Elly De La Cruz, Reds - 6.9%
- Corbin Carroll, Diamondbacks - 4.7%
- Juan Soto, Mets - 4.7%
- Fernando Tatis Jr., Padres - 4.7%
Biggest Liability
- Elly De La Cruz, Reds
Data courtesy of BetMGM.
Previous MVP winners
Here are the last 10 winners of the AL and NL MVP Award, with Shohei Ohtani leading the way as a three-time winner. Bryce Harper has won twice with two different teams and Miguel Cabrera was the last player to win back-to-back MVP awards (2012-13). Barry Bonds holds the record for most MVP awards (seven)
The New York Yankees have won the most MVPs in MLB history with 24 while the St. Louis Cardinals are second, leading all NL teams, with 21. No player for the Arizona Diamondbacks, New York Mets, or Tampa Bay Rays has ever won MVP.
Previous AL MVP winners
| Year | American League Winner |
|---|---|
| 2024 | Aaron Judge |
| 2023 |  Shohei Ohtani |
| 2022 | Aaron Judge |
| 2021 | Shohei Ohtani |
| 2020 |  Jose Abreu |
| 2019 | Mike Trout |
| 2018 |  Mookie Betts |
| 2017 | Jose Altuve |
| 2016 | Mike Trout |
| 2015 | Josh Donaldson |
Previous NL MVP winners
| Year | National League Winner |
|---|---|
| 2024 | Shohei Ohtani |
| 2023 | Ronald Acuna Jr. |
| 2022 |  Paul Goldschmidt |
| 2021 |  Bryce Harper |
| 2020 | Freddie Freeman |
| 2019 | Cody Bellinger |
| 2018 |  Christian Yelich |
| 2017 |  Giancarlo Stanton |
| 2016 | Kris Bryant |
| 2015 | Bryce Harper |
Popular MLB futures markets
- MLB World Series odds
- MLB Cy Young odds
- MLB Rookie of the Year odds
- MLB playoff odds
- MLB HR title odds
MLB MVP odds explained
Most sportsbooks will display odds in the American format as listed above. When Goldschmidt ran away with the MVP award in 2022 his odds had a minus (-) sign ahead of the number for a large part of the season.
- Paul Goldschmidt -6,000
That means that a bettor in August had to wager $6,000 to win $100 by betting on Goldy to win MVP. Before the season starts, almost every player will have a plus (+) sign ahead of their odds.
- Shohei Ohtani +200
That means a bettor would have profited $200 for a $100 wager on Ohtani before the season started.
If American odds aren't your thing, simply use a tool like our odds converter to switch the odds to decimal or fractional format. Most online sportsbooks also give you the option to change the odds format that you see.
MLB MVP FAQ
New York Yankees outfielder Aaron Judge is favored by shorter than even money across the board.
Los Angeles Dodgers DH Shohei Ohtani is the betting favorite to win NL MVP.
New York Yankees outfielder Aaron Judge won his second AL MVP trophy after hitting 58 home runs with a .322/.48/.701 slash line.
Los Angeles Dodgers slugger Shohei Ohtani became the first pure DH in MLB history to win an MVP.
Of the 33 players to have multiple MVP trophies, Barry Bonds is far and away the leader with seven. Ten other players have won three and no one besides Bonds has won more.
AL and NL MVP awards are typically announced in mid-November after the World Series has been played. The 2023 awards were announced on November 16.
Since 1931, members of the Baseball Writer's Association of America (BBWAA) have submitted ranked ballots. Two writers from each MLB city vote for the awards in their respective league.
