Cal Raleigh just can't keep his momentum going.
The books once again have Aaron Judge listed at below even-money to win AL MVP, with Raleigh sitting as the second-choice in what is realistically a two-horse race in the MLB odds.
That's still more than we can say for the NL, as Shohei Ohtani is a massive favorite to win yet again.
Let's break down the latest AL & NL MVP odds.
Odds to win AL MVP 2025
| Player |  |
 |
 |
|---|---|---|---|
 Aaron Judge |
-170 | -190 | -170 |
 Cal Raleigh |
+110 | +120 | +140 |
 Tarik Skubal |
+10000 | +15000 | +10000 |
 Jose Ramirez |
+10000 | +15000 | +10000 |
 Bobby Witt Jr. |
+10000 | +15000 | +10000 |
 Vladimir Guerrero Jr. |
+20000 | +25000 | +25000 |
 Corey Seager |
+20000 | +20000 | +20000 |
Odds last updated on 8-18.
AL MVP odds analysis
After drifting above even-money, Aaron Judge is now as short as -190 to beat out Cal Raleigh for AL MVP.
Judge hasn't been all that impressive in August, batting .229, but he's still at .333 for the year with 39 homers and 91 RBI.
Raleigh, despite clubbing five homers in his last nine games to pad his AL lead with 47 dingers, has drifted about a half-point to as long as +140.
Odds to win NL MVP 2025
| Player | |
|
|
|---|---|---|---|
 Shohei Ohtani |
-20000 | -20000 | -4000 |
 Kyle Schwarber |
+1300 | +2000 | +1400 |
 Manny Machado |
+10000 | +8000 | +5000 |
 Kyle Tucker |
+15000 | +17500 | +15000 |
| Pete Crow-Armstrong |
+20000 | +20000 | +20000 |
 Juan Soto |
+20000 | +20000 | +20000 |
| Pete Alonso |
+20000 | +20000 | +20000 |
| Fernando Tatis Jr. |
+20000 | +20000 | +20000 |
| Francisco Lindor |
+20000 | OTB | +20000 |
 Elly De La Cruz |
+20000 | OTB | +20000 |
Odds last updated on 8-18.
NL MVP odds analysis
For Shohei Ohtani to lose NL MVP, he would either have to get injured and miss the rest of the season or suffer a prolonged slump on both sides of the ball. And even then, it might be an uphill battle for anyone else.
Ohtani is slashing .283/.391/.622 with 43 home runs while boasting a 3.47 ERA with 32 strikeouts in his first 23 1/3 innings on the mound since being cleared to pitch. The guy is a baseball machine.
Philadelphia Phillies slugger Kyle Schwarber is having a phenomenal season, but he doesn't measure up to Ohtani. While they each have 43 long balls, Schwarber trails the Dodgers phenom in AVG, OBP, and SLG. Oh, and Schwarber doesn't pitch.
Based on the numbers to this point, the only arguments in favor of Schwarber are boredom with Ohtani winning all the time or that the Phillies DH matters more to his team's success than Shohei does. I don't think either, especially the former, is legitimate.
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MVP betting splits
American League MVP
Highest Ticket%
- Bobby Witt Jr., Royals - 20.9%
- Cal Raleigh, Mariners - 11%
- Tarik Skubal, Tigers - 6.9%
Highest Handle%
- Cal Raleigh, Mariners - 33%
- Bobby Witt Jr., Royals - 17.5%
- Aaron Judge, Yankees - 9%
Biggest Liability
- Cal Raleigh, Mariners
National League MVP
Highest Ticket%
- Elly De La Cruz, Reds - 12.4%
- Pete Crow-Armstrong, Cubs - 11.9%
- Shohei Ohtani, Dodgers - 11.4%
Highest Handle%
- Shohei Ohtani, Dodgers - 38.9%
- Juan Soto, Mets - 8.1%
- Pete Crow-Armstrong, Cubs - 8%
Biggest Liability
- Pete Crow-Armstrong, Cubs
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
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- MLB Rookie of the Year odds
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- 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 -6000
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
Yankees OF Aaron Judge is back in front now that he's off the IL.
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.
