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World Series MVP Odds 2022: Rookie Pena Now Favored Following Big Game 5

With Houston's big win over Philadelphia in Game 5 on Thursday, Bryce Harper is no longer the favorite as the Top 3 odds leaders are all members of the Astros. Read more to see the full World Series MVP odds below.

Last Updated: Nov 5, 2022 8:18 AM ET Read Time: 4 min
Jeremy Pena Houston Astros MLB
Photo By - USA TODAY Sports

The World Series is baseball's biggest stage, where the best players shine. This means betting on which player will be crowned the World Series MVP when the dust settles.

The Houston Astros are favored in our World Series odds after defeating the Philadelphia Phillies in Game 5 to take a 3-2 series lead heading back to Texas. With Bryce Harper now off the Top 3 in the MVP board, a slew of Astros players have taken control of the top of the board.

Check out the full breakdown in our World Series 2022 MVP odds update below.

World Series 2022 MVP odds

Player Team World Series MVP Odds
Jeremy Pena Astros Houston Astros +105
Framber Valdez Astros Houston Astros +700
Alex Bregman Astros Houston Astros +850
Bryce Harper Phillies Philadelphia Phillies +950
Kyle Schwarber  Phillies Philadelphia Phillies +1,600
Kyle Tucker  Astros Houston Astros +1,700
Cristian Javier   Astros Houston Astros +1,700
Jose Altuve Astros Houston Astros +2,200
Yordan Alvarez  Astros Houston Astros +3,500
Yuli Gurriel  Astros Houston Astros +4,000
Ranger Suarez  Phillies Philadelphia Phillies +4,000
J.T. Realmuto  Phillies Philadelphia Phillies +7,000
Alec Bohm  Phillies Philadelphia Phillies +7,000

Odds courtesy of DraftKings as of November 5, 2022.

World Series 2022 MVP favorites

Jeremy Pena (+105)

Jeremy Pena was the hero in Game 5 last night with three hits. The Houston shortstop drove home two runners and hit a go-ahead home run in the 4th inning.

The rookie now carries a World Series slash line of .381/.409/.619 into the weekend as Houston is just one win away from immortality. It goes without saying the Astros would not be in this spot in the series without him, but they'll have to win it all if he's going to take home this particular hardware. 

Framber Valdez (+700)

Framber Valdez was lights-out in Houston's Game 2 victory over the Phillies, striking out nine and allowing just one earned run over 6 1-3 innings. 

If the left-hander is able to duplicate the same type of performance on Saturday in Game 6, it would be hard not to give the southpaw the award. 

Alex Bregman (+850)

It could also be Alex Bregman, who has re-emerged as a legitimate threat this postseason with the bat after a bit of a down season by his standards. That said, the star third baseman is batting just .222 with four hits in five games. But, he has made those hits count. His home run in Game 3 helped keep that contest out of reach, and he's got a pair of key doubles otherwise, including one in Game 4. 

Another big moment and Bregman has a legit shot.

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How is the World Series MVP decided?

The Willie Mays World Series Most Valuable Player Award is decided by a committee of media members and officials who are in attendance at the final game.

The honor is awarded to the player deemed to have the most impact on his team's performance during the World Series — performance during earlier postseason rounds does not count toward this award.

The World Series MVP can be given to a player from either the winning or losing team, although a player from the losing team winning the award has only happened once (Bobby Richardson, NYY, 1960).

How to read World Series MVP odds

The World Series MVP odds are displayed in a list format with corresponding odds for each player considered an MVP candidate. The odds will reflect the implied probability of that player winning MVP.

Most sportsbooks in North America will list World Series MVP odds in American format:

  • Jose Altuve -120
  • Bryce Harper +187

This means that a $100 bet on Altuve would profit $83 (or a $120 bet would win $100), while a $100 bet on Harper would profit $187. Use our odds converter to switch American odds to decimal or fractional and to see how much you could win using different odds.

World Series MVP history

The World Series MVP Award has been handed out to the player deemed to have had the greatest impact on his team's performance during the championship series every year starting in 1955. Prior to the 2017 postseason, the award was renamed in honor of Willie Mays in remembrance of the Hall-of-Famer's historic catch in Game 1 of the 1954 World Series. The Willie Mays World Series Most Valuable Player Award trophy is a wooden pedestal topped by a bronze sculpture of Mays making the iconic catch.

Pitchers have won the award 29 times (four times by relief pitchers), including 12 of the first 14 years from 1955 to 1968. More recently, dating back to 2004, the award has been won 15 of the last 18 years by non-pitchers.

Position Total
Pitcher 29
Outfielder 11
Third baseman 10
Catcher 7
Shortstop 6
Designated hitter 3
First baseman 3
Second baseman 1

Betting has only been available on the World Series MVP Award since 2002. The table below lists those winners, in addition to their odds to win before the World Series began.

Year MVP winner MVP odds Position
2021 Jorge Soler +3,500 RF
2020 Corey Seager +800 SS
2019 Stephen Strasburg +1,950 SP
2018 Steve Pearce +5,500 LF/1B
2017 George Springer +2,200 CF
2016 Ben Zobrist +1,500 2B/OF
2015 Salvador Perez +2,500 C
2014 Madison Bumgarner +700 SP
2013 David Ortiz +900 DH/1B
2012 Pablo Sandoval +1,200 3B
2011 David Freese +1,000 3B/1B
2010 Edgar Renteria +3,300 SS
2009 Hideki Matsui +800 (field) OF
2008 Cole Hamels +600 SP
2007 Mike Lowell +1,200 3B
2006 David Eckstein +1,500 SS
2005 Jermaine Dye +1,000 RF
2004 Manny Ramirez +500 LF
2003 Josh Beckett +1,200 SP
2002 Troy Glaus +800 3B/1B

World Series MVP trends

  • Yankees second baseman Bobby Richardson (1960) is the only player to win World Series MVP honors while playing for the losing team.
  • The World Series MVP award has been awarded to a pitcher 42% of the time since its inception.
  • In 2022, the Houston Astros’ Jeremy Pena became just the third rookie ever to win the World Series MVP award.
  • Sandy Koufax, Bob Gibson, and Reggie Jackson are the only players to win the World Series MVP award more than once.

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