The 2026 MLB MVP odds yielded no last-minute surprises, as Pete Crow-Armstrong and Yordan Alvarez were unanimous winners of this year's awards.
MLB odds had both players listed as near locks after the regular season, and those probabilities came to fruition when winners were announced on Thursday, Nov. 12.
Markets for 2027 aren't available, but keep an eye on this space.
- PCA, Alvarez win unanimously
Odds to win 2026 AL MVP
Junior CamineroOdds last updated on 11-3. Odds from Polymarket. For help understanding probabilities, see our odds calculator.
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Odds to win 2026 NL MVP
Odds last updated on 11-3.
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MLB MVP odds winners
Yordan Alvarez
Yordan Alvarez was cruising toward a Triple Crown but ultimately finished behind Pete Alonso in home runs and RBI, though he crushed the Polar Bear in batting average en route to a batting title.
Overall, it was an underwhelming season in the Junior Circuit. Several players had very good years, but no one was transcendent. Bobby Witt Jr.'s defense helped him pace the league in fWAR, but he was a distant third in the voting. Junior Caminero was the runner-up, and he took the loss in stride, saying his time will come.
Despite coming up short in the Triple Crown race, Alvarez had the most eye-popping season in the American League, and he was rewarded for it.
Pete Crow-Armstrong
Pete Crow-Armstrong had a season for the ages. A real glow-up. He had a solid 2025 but petered out offensively down the stretch, with his 5.4 fWAR buoyed by otherworldly center field defense.
Well, he seemingly improved in every capacity in 2026. He had gains in home runs, stolen bases, batting average, on-base percentage, slugging rate, walk rate, and wRC+. He had a 40-40 season while also showcasing the game's best glove in center field.
His win was aided a bit by Shohei Ohtani's injury, but I don't know if the two-way start would have been a guaranteed winner had he stayed healthy. Maybe if he could have pitched the whole way.
PCA is the first Chicago Cubs MVP since Kris Bryant in 2016.
MLB MVP futures predictions
| Prediction | Odds | Prediction date | Units |
|---|---|---|---|
 Bobby Witt Jr. |
2% | Sept. 1 | 0.25 |
 Pete Crow-Armstrong |
22.2% | Aug. 1 | 1 |
 Mike Trout |
4.76% | April 21 | 0.5 |
 Ben Rice |
6.25% | April 21 | 0.5 |
 Gunnar Henderson |
6.25% | March 24 | 0.5 |
 Wyatt Langford |
2.44% | February 25 | 0.25 |
 Jackson Merrill |
1.79% | February 25 | 0.25 |
My MVP predictions have gone poorly, but I also haven't chased anything to make up for early mistakes.
However, the value on Witt is simply too good to pass up even if his chances are notably slim. In an age when WAR holds significant weight and voters are looking beyond the slash line, Witt does everything so well that it makes sense to go with him over Alvarez, a wonderful slugger who rarely plays defense and doesn't do it particularly well when he does.
I did snag Crow-Armstrong when he was still plus money, and I'm glad I did. I wish I got him at a better number, but better late than never.
Popular MLB futures markets
Previous MVP winners
Here are the last 10 winners of the AL and NL MVP Award, with Shohei Ohtani leading the way as a four-time winner, with two in the AL and two in the NL. Only Frank Robinson has also won MVP awards in both leagues.
Barry Bonds holds the record for most MVP awards (seven).
The New York Yankees have won the most MVPs in MLB history with 25, 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 |
|---|---|
| 2026 |  Yordan Alvarez |
| 2025 | Aaron Judge |
| 2024 | Aaron Judge |
| 2023 | Shohei Ohtani |
| 2022 | Aaron Judge |
| 2021 | Shohei Ohtani |
| 2020 |  Jose Abreu |
| 2019 | Mike Trout |
| 2018 |  Mookie Betts |
| 2017 | Jose Altuve |
Previous NL MVP winners
| Year | National League Winner |
|---|---|
| 2026 |  Pete Crow-Armstrong |
| 2025 |  Shohei Ohtani |
| 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 |
Odds are correct at the time of publishing and are subject to change.
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MLB MVP FAQ
Markets are not yet available for 2027 MVP
Markets are not yet available for 2027 MVP
Chicago Cubs OF Pete Crow-Armstrong won NL MVP, while Houston Astros DH Yordan Alvarez was named AL MVP. Both selections were unanimous.
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.
