2025 MLB MVP Odds: Are 60 HRs Enough For Raleigh Over Judge?

Aaron Judge put together another all-timer season while Cal Raleigh posted just the 10th 60-home run season in MLB history. It's one or the other now that the season is over.

Jason Wilson - Betting Analyst at Covers.com
Jason Wilson • Betting Analyst
Sep 29, 2025 • 10:57 ET • 5 min read
 MLB Aaron Judge MLB Yankees
Photo By - Imagn Images. Yankees OF Aaron Judge (99) gestures after hitting a two-run single.

The 2025 MLB regular season is over, and MLB odds for MVP and other awards markets are off the board.

Cal Raleigh surged into favorite status ahead of the final week and clubbed his 60th home run. But, Aaron Judge finished with another absurd season, slashing .331/.457/.688 with 53 home runs and a 204 wRC+. It's not quite at the level of his previous two MVP seasons (2022, 2024), but it's not far off.

Raleigh had one of the best all-around seasons by a catcher and posted just the 10th 60-homer season in MLB history (not the 10th person to do it, but the 10th period). He was also elite behind the plate, while Judge was shakier in the field.

The Yankees finished with the better record, but the Mariners won the AL West and secured a higher playoff seed. If allowed to guess today, I think Judge wins it.

Odds to win AL MVP 2025

Player DraftKings FanDuel bet365
Mariners Cal Raleigh -200 -200 -200
Yankees Aaron Judge +160 +160 +160

Odds last updated on 9-25. Off the board as of 9-29.

Odds to win NL MVP 2025

Player DraftKings FanDuel bet365
Dodgers Shohei Ohtani -20000 -50000 -20000
Phillies Kyle Schwarber +1900 +1600 +2000
Mets Juan Soto  +2500 +8000 +2800

Odds last updated on 9-25. Off the board as of 9-29.


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MVP betting splits

American League MVP

Highest Ticket%

  • Bobby Witt Jr., Royals - 16.8%
  • Cal Raleigh, Mariners - 16.2%
  • Aaron Judge, Yankees - 12.5%

Highest Handle%

  • Aaron Judge, Yankees - 55.4%
  • Cal Raleigh, Mariners - 20.1%
  • Bobby Witt Jr., Royals - 6.2%

Biggest Liability

  • Cal Raleigh, Mariners

National League MVP

Highest Ticket%

  • Shohei Ohtani, Dodgers - 18.9%
  • Pete Crow-Armstrong, Cubs - 10.6%
  • Kyle Schwarber, Phillies - 10.3%

Highest Handle%

  • Shohei Ohtani, Dodgers - 34.8%
  • Kyle Schwarber, Phillies - 10.9%
  • Juan Soto, Mets - 9%

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 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
2015 Blue Jays Josh Donaldson

Previous NL MVP winners

Year National League Winner
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
2015 Nationals Bryce Harper

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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

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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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