As Aaron Judge continues cruising through the American League, Shohei Ohtani has several challengers who can make noise through the summer months.
The MLB odds have Ohtani listed as a sizable favorite (though not in Judge's stratosphere) for now, but a lot can change.
Let's break down the races in this week's AL & NL MVP odds.
Odds to win AL MVP 2025
| Player |  |
 |
 |
|---|---|---|---|
 Aaron Judge |
-6000 | -20000 | -10000 |
 Cal Raleigh |
+2000 | +2200 | +2000 |
 Bobby Witt Jr. |
+2500 | +3000 | +2800 |
 Jose Ramirez |
+9000 | +9000 | +9000 |
 Gunnar Henderson |
+9000 | +12000 | +10000 |
 Wyatt Langford |
+9000 | +15000 | +12500 |
 Spencer Torkelson |
+9000 | +15000 | +12500 |
 Rafael Devers |
+10000 | +12000 | +10000 |
Odds as of 6-9.
AL MVP odds analysis
Aaron Judge remains our betting favorite as we are rapidly approaching the market being pulled entirely. That's a bit hyperbolic, but the fact is he's putting together an all-time great season where only a profoundly unfortunate and long-term injury would derail him at this point.
Which is a shame in a way, because Cal Raleigh is thriving. The Seattle Mariners catcher has soared from around 100/1 to 20/1 in just a couple of weeks. He's slashing .272/.380/.655 with an MLB-leading 26 home runs and a 191 wRC+ that trails only Judge's whopping 246.
Cal Raleigh crushes his second homer of the night, and 26th of the season 💪 pic.twitter.com/QMnyln1vwb
— MLB (@MLB) June 8, 2025
Raleigh also plays elite defense behind the plate, making him as well-rounded as they come. He might be more worth targeting to lead MLB in homers, where he can be had for +300 at bet365.
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Odds to win NL MVP 2025
| Player | |
|
|
|---|---|---|---|
 Shohei Ohtani |
-270 | -250 | -270 |
 Pete Crow-Armstrong |
+900 | +950 | +900 |
 Fernando Tatis Jr. |
+1400 | +1500 | +1400 |
 Corbin Carroll |
+1400 | +1400 | +1400 |
| Kyle Tucker |
+2000 | +2000 | +2000 |
 Pete Alonso |
+3000 | +2800 | +3000 |
| Freddie Freeman |
+3000 | +2500 | +2800 |
| Juan Soto |
+4000 | +4000 | +4000 |
| Francisco Lindor |
+4000 | +4000 | +4000 |
| Jackson Merrill |
+4500 | +12000 | +8000 |
 Kyle Schwarber |
+4500 | +5000 | +5000 |
| Bryce Harper |
+8000 | +7000 | +7500 |
 Austin Riley |
+9000 | +15000 | +10000 |
| Seiya Suzuki |
+9000 | +10000 | +10000 |
| Mookie Betts |
+9000 | +8000 | +8000 |
 Elly De La Cruz |
+9000 | +12000 | +10000 |
Odds as of 6-9.
NL MVP odds analysis
I think it's too early to crown Shohei Ohtani. Obviously, beware anyone who suggests you fade the Los Angeles Dodgers superstar, but this is a tighter race than his -250 odds suggest.
There is no doubt in his skills or his results, and if he does pitch effectively when (if?) he takes the mound, then that's probably all she wrote. But, while he leads the NL in homers with 23, he's not running the table in other categories.
Chicago Cubs outfielder Pete-Crow-Armstrong leads the Senior Circuit in FanGraphs WAR at 3.7, largely because he is about as good a center fielder as you'll ever find while also swiping 21 bases and clubbing 17 home runs.
New York Mets 1B Pete Alonso is even with Ohtani in wRC+ (178) as he has resurrected his career after a down season in 2024 that seemed — erroneously — to suggest he had hit the downturn in his career.
Seven batters have better batting averages than Ohtani, including teammate Freddie Freeman, who is hitting .345 and appears poised to win his first batting title.
Ohtani is still the deserving front-runner because he's still the bellwether for OPS and home runs, but I simply feel the board should be a little tighter up top.
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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.
