2026 MLB MVP Odds: With Witt Sidelined, Alvarez Has Clearer Path to Glory

Jason Wilson - Betting Analyst at Covers.com
Jason Wilson • Betting Analyst 19+ years betting experience
Updated: Jul 23, 2026 , 12:11 PM ET • 4 min read

Yordan Alvarez may well become the first AL DH to win MVP.

Yordan Alvarez Houston Astros MLB
Photo By - Reuters Connect. Houston Astros designated hitter Yordan Alvarez (44) singles to right in the eighth inning during a game against the Marlins

Another one bites the dust, paving the way even further for Yordan Alvarez in the latest MLB MVP odds.

MLB odds have shifted in the Houston Astros DH's favor after Bobby Witt Jr. joined Nick Kurtz on the injured list. With two of his closest competitors sidelined, Alvarez may be able to stroll right into the winner's circle.

For more analysis, check out our MLB MVP predictions below.  

Odds to win 2026 AL MVP 

Player Polymarket
Astros Yordan Alvarez -452
Athletics Nick Kurtz +1567
Yankees Ben Rice +2074
Royals Bobby Witt Jr.  +2400
Guardians Jose Ramirez +3348

Odds last updated on 7-23. Odds from Polymarket. Use our Polymarket promo code (COVERS) for a $50 trading bonus when you deposit at least $20 as a new user.

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Odds to win 2026 NL MVP 

Player Polymarket
Dodgers Shohei Ohtani -317
Cubs Pete Crow-Armstrong +352
Phillies Kyle Schwarber +2930

Odds last updated on 7-23.

MLB MVP odds analysis

No true designated hitter has ever won AL MVP. Shohei Ohtani broke the seal in the National League, but to date no DH has done so in the Junior Circuit, which is impressive, considering it's been in place for far longer.

But Nick Kurtz and Bobby Witt Jr. getting injured certainly widens the path for Houston Astros slugger Yordan Alvarez. 

The slugger isn't going to win by default, though. He leads the majors with 34 home runs, 77 RBI, and tops the AL with a .328 batting average, putting him in line to be the first Triple Crown winner since Miguel Cabrera. His 194 wRC+ towers above the competition, with Ben Rice closest at 162.

Unlike many contemporary sluggers, Alvarez doesn't strike out much, with his 17% K-rate ranking in the 74th percentile. He's the best hitter in baseball (this season), and he deserves his flowers.

I do wonder if we celebrated another Shohei Ohtani MVP prematurely, though. It does seem like he still has the inside track toward a fourth consecutive trophy, but he has stalled out on the mound due to a lingering knee issue. He did throw a bullpen session in place of his originally scheduled start, so he could rejoin the rotation soon, but if he's not at 100%, maybe Pete Crow-Armstrong does have a chance after all.

At 22 home runs, he is on pace for his fewest long balls since 2022, the last time he didn't win an MVP. His OPS is the lowest it's been since then as well. He's still elite, but he also doesn't play defense, and PCA is the best defensive center fielder in baseball who also happens to be putting together a sterling offensive campaign. 

MLB MVP futures predictions

Prediction Odds Prediction date Units
Angels Mike Trout  +2000 April 21 0.5
Yankees Ben Rice +2500 April 21 0.5
Orioles Gunnar Henderson +1500 March 24 0.5
Rangers Wyatt Langford +4000 February 25 0.25
Padres Jackson Merrill +5500 February 25 0.25

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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
2025 Yankees Aaron Judge
2024 Yankees Aaron Judge
2023 Angels Shohei Ohtani
2022 Yankees Aaron Judge
2021 Angels Shohei Ohtani
2020 White Sox Jose Abreu
2019 Angels Mike Trout
2018 Red Sox Mookie Betts
2017 Astros Jose Altuve
2016 Angels Mike Trout

Previous NL MVP winners

Year National League Winner
2025 Dodgers Shohei Ohtani
2024 Dodgers Shohei Ohtani
2023 Braves Ronald Acuna Jr.
2022 Cardinals Paul Goldschmidt
2021 Phillies Bryce Harper
2020 Braves Freddie Freeman
2019 Dodgers Cody Bellinger
2018 Brewers Christian Yelich
2017 Marlins Giancarlo Stanton
2016 Cubs Kris Bryant

MLB MVP FAQ

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Jason Wilson Covers.com
Betting Analyst

Jason Wilson is an experienced journalist who has worked in a variety of roles within the industry for the past 18 years. Working at community newspapers in New Brunswick, Jason wore many hats as a reporter, editor, and photographer, covering everything from sports to courts to municipal politics. After shifting gears and working as an educator for a few years in the 2010s, Jason returned to full-time work in media as an MLB news editor for six years at theScore in Toronto before joining Covers in late 2021.

He has honed his editorial acumen over his years in the industry, showcasing flexibility, patience, and a strong work ethic. While he was relatively new to sports betting upon joining Covers, Jason has taken the plunge with gusto to learn the ins and outs of the industry, both as a method to improve professionally and to add an extra angle to his sports fandom.

In addition to sports, Jason is an avid film nut and former movie critic who monitors the Academy Awards betting odds for Covers. Jason holds a Bachelor of Arts in journalism degree and a Bachelor of Education degree from St. Thomas University.

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