At -125, Shohei Ohtani is breathing rarefied air at his current price.
Consider last year, when he was the overwhelming preseason favorite to win NL MVP, and he was still only +150 by the end of March, per Sports Odds History. That was already crazy, because the shortest number we've generally seen in recent years is +200 or +300.
Below, we'll look at the early MLB odds for the 2026 season, and AL & NL MVP, as the likes of Alex Bregman (Chicago Cubs) and Kyle Tucker (Los Angeles Dodgers) have found new homes since our previous look.
Odds to win 2026 AL MVP
| Player |  |
|---|---|
 Aaron Judge |
+225 |
 Bobby Witt Jr. |
+550 |
 Cal Raleigh |
+850 |
 Vladimir Guerrero Jr. |
+1300 |
| Julio Rodriguez |
+1300 |
 Nick Kurtz |
+1500 |
 Jose Ramirez |
+1500 |
 Gunnar Henderson |
+1600 |
 Roman Anthony |
+1700 |
 Junior Caminero |
+2200 |
| Pete Alonso |
+2200 |
 Yordan Alvarez |
+2500 |
| Jeremy Pena |
+2500 |
| Cody Bellinger |
+3000 |
 Corey Seager |
+3000 |
| Carlos Correa |
+3000 |
 Zach Neto |
+4000 |
| Wyatt Langford |
+4000 |
 Byron Buxton |
+4000 |
| Alejandro Kirk |
+4500 |
| Adley Rutschman |
+4500 |
Odds last updated on 2-1.
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Odds to win 2026 NL MVP
| Player | |
|---|---|
 Shohei Ohtani |
-125 |
 Juan Soto |
+800 |
 Ronald Acuña Jr. |
+1300 |
 Fernando Tatis Jr. |
+1700 |
 Corbin Carroll |
+1800 |
| Francisco Lindor |
+1900 |
 Alex Bregman |
+2000 |
 Bryce Harper |
+2500 |
 Elly De La Cruz |
+2500 |
| Kyle Tucker |
+3000 |
| Ketel Marte |
+3000 |
| Kyle Schwarber |
+3000 |
 Paul Skenes |
+3500 |
 Rafael Devers |
+4000 |
| Pete Crow-Armstrong |
+4000 |
| Mookie Betts |
+4500 |
| Manny Machado |
+4500 |
 Jackson Chourio |
+5000 |
Odds last updated on 2-1.
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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 | 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 |
| 2016 | Mike Trout |
Previous NL MVP winners
| Year | National League Winner |
|---|---|
| 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 |
| 2016 |  Kris Bryant |
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 -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.
