The National Football League’s Most Valuable Player Award is handed out annually to the NFL player sportswriters and broadcasters agree was the most valuable to his team throughout the NFL regular season. You can now bet on who will win the award this season at licensed Michigan sportsbooks.

The NFL MVP Award is the AssociatedPress NFL Most Valuable Player Award. It is presented by the Associated Press to the player a panel of 50 sportswriters and broadcasters says is the most valuable to his team during the NFL regular season.

NFL MVP Odds Latest odds for 2020 NFL MVP Regular season MVP is the biggest award a player can receive in the NFL. It’s the pro version of the Heisman Trophy and, similarly, tends to go quarterbacks who have the ball in their hands a lot.

Even though it is only February, odds for the 2020 NFL MVP are already out. As you can imagine, Patrick Mahomes, Russell Wilson and Lamar Jackson are the favorites. Odds posted at Westgate sportsbook (Up to 60-1) Lamar Jackson -1,000. Russell Wilson 4-1. Deshaun Watson 30-1. Patrick Mahomes 40-1. Aaron Rodgers 40-1. Christian McCaffrey 60-1.

Since 2011, the NFL has held a ceremony awarding the MVP and other AP awards, including AP NFL Offensive Player of the Year and AP NFL Defensive Player of the Year. The NFL Honors awards ceremony is held annually the night before the SuperBowl.

The NFL MVP betting market is one of several NFL futures markets available at licensed Michigan sportsbooks. You can bet on who will win the award at moneyline odds available almost all year long. You lock in the odds at the time you place an NFL MVP futures bet, but these odds can and will be adjusted for future betting as the season continues. The odds are typically better in the offseason, preseason, and early season for the players who ultimately emerge as favorites to win MVP.

Read on for more on the NFL MVP Award itself, Michigan NFL MVP futures markets, and the favorites to win the award this NFL season.

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Michigan NFL MVP odds

You can bet on who will win the NFL MVP Award during the offseason, preseason, and throughout the season. The odds are adjusted as the season continues, but you lock in the currently posted odds when you place an NFL MVP futures bet.

Here’s a look at the current Michigan NFL MVP futures market:

Best Michigan betting apps for NFL futures

You can bet on the NFL MVP futures market using your smartphone or tablet in Michigan.

Betting with a Michigan mobile sports betting app gives you the chance to take advantage of various bonus offers and get futures bets down quickly before these operators have a chance to adjust the odds following games that will surely impact the markets.

DraftKingsSportsbook, BetMGM, and FanDuelSportsbook have some of the best apps on the market. Here’s why:

DraftKings Sportsbook

DraftKings Sportsbook in Michigan has one of the largest NFL MVP futures markets available. The DraftKings Sportsbook app is available on iOS and Android devices, and comes with a sign-up bonus of up to $1,050, including a $50 free bonus just for signing up, a 20% matched first deposit bonus of up to $1,000 risk-free first real-money bet.

BetMGM Sportsbook

BetMGM online sports betting also has a good variety of NFL MVP futures options. The app will be available on iOS and Android devices and it should come with a sign-up bonus that includes a 100% deposit match worth up to $600.

FanDuel Sportsbook

FanDuel Sportsbook‘s MVP futures market aims to please by offering competitive odds. The FanDuel Sportsbook app will also be available for iOS and Android devices and should come with a $1,000 risk-free bet bonus offer for new players who make a deposit.

How NFL MVP futures bets work

A quick look at the Michigan NFL MVP Awards futures markets should tell you everything you need to know about betting on the NFL.

You’ll see the names of a variety of players, almost always with positive odds numbers beside each name. For example, you might see 2018 NFL MVP winner Patrick Mahomes with the number +380 beside his name or reigning NFL MVP Lamar Jackson with the number +700 beside his.

Until a player is running away with the MVP award and no one else can win, these numbers will remain positive figures. What that means is that most of the time, no player is a true odds-on favorite to win NFL MVP.

Positive odds numbers indicate how much you stand to win for every $100 you bet. Plus, you’ll also get your original bet back if you do win. That means, at the odds listed above, a $100 bet on Patrick Mahomes to win would pay $480 if Mahomes wins the award. It also means a $50 bet on Lamar Jackson to win would pay a total of $400 if Jackson wins MVP.

Should one player dominate the league so much it’s almost impossible there will be another MVP winner, that player will end up with a negative odds number beside his name. Negative odds numbers indicate how much you need to bet to stand to win $100, plus your bet back.

If one player is running away with the MVP award, he will be a true odds-on favorite to win NFL MVP and you might see his odds adjusted to -120. That means you’ll have to bet $120 to win $100, plus your $120 bet back.

Of course, all this is a wash if the season is canceled for any reason. The cancellation of the NFL season should mean all NFL MVP futures bets are returned.

NFL MVP trends

Some trends do emerge when you look at a list of NFL MVP Award winners.

Since 1961, the award has gone to an offensive player all but three times: Minnesota Vikings defensive tackle Alan Page in 1971, Washington Redskins placekicker Mark Moseley in 1982, and New York Giants linebacker Lawrence Taylor in 1986.

Plus, the award is almost always given to a quarterback. Since 1961, 42 QBs have won the award. A total of 16 running backs make up the other MVP winners on the offensive side of the ball. No wide receiver, tight end, or other offensive lineman has ever won.

QBs are also currently on a seven-year winning streak, dating back to 2012 when the Minnesota Vikings’ Adrian Peterson was the last running back to win MVP.

Outside of Cleveland Browns running back Jim Brown, who won MVP in 1965 and twice before it was officially the MVP award, no running back has ever won the MVP award twice.

However, there have been five QBs who have won the NFL MVP Award more than once over the past 25 years. This includes:

• Brett Favre (1995, 1996, 1997)
• Kurt Warner (1999, 2001)
• Peyton Manning (2003, 2004, 2008, 2009, 2013)
• Tom Brady (2007, 2010, 2017)
• Aaron Rodgers (2011, 2014)

Add it up, and it’s easy to see why most Michigan sportsbooks are currently offering lower odds on 2018 NFL MVP winner Patrick Mahomes and reigning NFL MVP Lamar Jackson than most others ahead of the 2020 NFL season.

2020-21 NFL MVP favorites and wild cards

Betting on a QB to win NFL MVP in 2020 is a good idea. But you may want to take a flier at long odds on a running back, wide receiver or defensive player too.

Here’s a look at the top two QB NFL MVP candidates at the start of the season along with a few candidates from the other positions as well:

NFL MVP candidate quarterbacks

• Lamar Jackson: Baltimore Ravens QB Lamar Jackson is the reigning MVP and a good bet to repeat. In 2019, he became just the second player in history to win MVP by unanimous vote. Last season was his first full season as a starter, and he set a record for the most QB rushing yards in a single season. He also led the NFL with 36 touchdown passes.
• Patrick Mahomes: Kansas City Chiefs QB Patrick Mahomes is the reigning Super BowlMVP, one year removed from winning the NFL MVP award, and a good bet to win it again in 2020. In his first full season as a starter, he threw for over 5,000 yards and 50 touchdowns, winning the NFL Offensive Player of the Year and NFL MVP awards. He followed that up with a 2020 Super Bowl win.

NFL MVP candidate running backs

• Christian McCaffrey: Carolina Panthers running back Christian McCaffrey may be the running back with the best chance of winning NFL MVP in 2020. In his third NFL season in 2019, McCaffrey posted 1,387 rushing yards and 1,005 receiving yards. That made him only the third player in NFL history to record over 1,000 yards rushing and 1,000 yards receiving in the same season and an NFL MVP candidate.
• Derrick Henry: Tennessee Titans running back Derrick Henry is the other running back NFL MVP threat in 2020. Henry led the NFL in rushing yards and touchdowns in 2019, with 1,540 yards and 16 TDs in 15 games.

NFL MVP candidate longshots

• Michael Thomas: If there’s a wide receiver that is a threat to become the first-ever NFL MVP pass catcher in 2020, it would have to be 2019 AP NFL Offensive Player of the Year Award winner Michael Thomas. The New Orleans Saints receiver has led the league in receptions the past two years and in yardage in 2019. In fact, in winning Offensive POY in 2019, Thomas had 149 catches for 1,725 yards.
• Stephon Gilmore: If there’s a defensive player that is a threat to win NFL MVP in 2020 it would have to be 2019 AP NFL Defensive Player of the Year Award winner Stephon Gilmore. The New England Patriots cornerback was named first-team All-Pro and invited to the Pro Bowl the past two seasons. In winning Defensive POY in 2019, Gilmore had 53 tackles, 20 passes defended, and led the NFL with six interceptions.

The past 15 NFL MVPs

Here’s a look at the AP NFL MVP winner over the past 15 seasons:

• 2019 Lamar Jackson QB Baltimore Ravens
• 2018 Patrick Mahomes QB Kansas City Chiefs
• 2017 Tom Brady QB New England Patriots
• 2016 Matt Ryan QB Atlanta Falcons
• 2015 Cam Newton QB Carolina Panthers
• 2014 Aaron Rodgers QB Green Bay Packers
• 2013 Peyton Manning QB Denver Broncos
• 2012 Adrian Peterson RB Minnesota Vikings
• 2011 Aaron Rodgers QB Green Bay Packers
• 2010 Tom Brady QB New England Patriots
• 2009 Peyton Manning QB Indianapolis Colts
• 2008 Peyton Manning QB Indianapolis Colts
• 2007 Tom Brady QB New England Patriots
• 2006 LaDainian Tomlinson RB San Diego Chargers
• 2005 Shaun Alexander RB Seattle Seahawks

More NFL futures

In addition to NFL MVP, there are several other annual NFL awards you can bet on in the futures markets at Michigan sportsbooks. This list includes:

• AP Offensive Player of the Year
• AP Defensive Player of the Year
• AP Comeback Player of the Year
• Offensive Rookie of the Year
• Defensive Rookie of the Year
• Coach Of The Year

Plus, there are other team and player NFL futures markets at Michigan sportsbooks including:

• QB totals
• RB totals
• WR/TE totals
• Team win totals
• Teams to make the playoffs
• Super Bowl and championship futures
• Conference and division winners

The Baltimore Ravens quarterback Lamar Jackson is one of the most exciting and explosive young quarterbacks in the game.

He can throw and run, essentially he can do it all.

This is precisely why he was named the 2019 NFL MVP.

Can Lamar Jackson win another NFL MVP award in 2021?

Yes he can, and here is why.

1. Quarterbacks Won In Recent Years

When the running back was the most dominant player in the NFL offense, he was a more viable candidate.

Emmitt Smith is an example of that.

We are now in the age of quarterbacks being more focal players and either earning glory or disdain.

The 2020 NFL MVP is Green Bay Packers quarterback Aaron Rodgers; this is his third time earning the distinction.

Jackson won in 2019, and the year before Kansas City Chiefs quarterback Patrick Mahomes won the 2018 MVP award.

In fact, Adrian Peterson in 2012 is the last non-quarterback to win the award.

Tom Brady, Matt Ryan, Cam Newton, and Peyton Manning were winners in the 2010 decade also.

The odds are very good that a quarterback will win the 2021 NFL MVP award.

Since Jackson already won, his odds are even better.

Speaking of odds, oddsmakers are already speculating on who next year’s MVP will be; Jackson is definitely in the running.

Odds to win 2021-22 NFL MVP @WilliamHillUS 📊

+450: Patrick Mahomes
+700: Aaron Rodgers
+1000: Josh Allen
+1200: Russell Wilson
+1500: Lamar Jackson, Tom Brady
+2000: Justin Herbert, Kyler Murray, Dak Prescott, Deshaun Watson, Matthew Stafford
+2500: Ryan Tannehill pic.twitter.com/nAu6RcQ8F3

— The Action Network (@ActionNetworkHQ) February 24, 2021

2. Statistics Help To Make The MVP Case.

For Lamar Jackson to win the 2021 NFL MVP, he needs to have great statistics.

Aaron Rodgers threw 48 touchdown passes and rushed for 3 touchdowns during the 2020 regular season.

Rodgers’ 51 touchdowns eclipses Jackson’s 2019 numbers.

Jackson threw 36 touchdown passes and rushed for 7.

When Mahomes earned the honor, he threw 50 touchdown passes and rushed for 2.

Though Lamar had 43 in his MVP season, it looks like the quarterback needs over 50 touchdowns, through a combination of passing and rushing, to have a legitimate chance to nab the honor.

3. Big Wins Over Top Tier Teams Improve Jackson’s Chances.

In 2020, the Pittsburgh Steelers were the best team in the Ravens’ division, AFC North.

The Ravens lost both of their matchups with the Steelers.

Of course, the pandemic and Jackson’s own bout with COVID-19 contributed to these results.

However, the point remains.

To be considered NFL MVP, the player must have big games against good opponents.

It means more than wracking up numbers against the lesser-talented opponents.

Jackson’s AFC North is division is becoming increasingly competitive.

Three of the four teams made the playoffs in 2020.

And the fourth team, the Cincinnati Bengals, is definitely up and coming.

Jackson will have a lot of tests against formidable opponents in 2021.

For Jackson to repeat as NFL MVP, his performances against these division foes must be top notch.

Concerns About Lamar Jackson And Baltimore Ravens

Lamar Jackson Mvp Odds Before Season

There is the perennial injury concern for Lamar Jackson given his tremendous mobility.

The other concern is his lack of a supporting cast.

Jackson lacks big name backs and receivers to help spur the Ravens’ offense.

Also, the Ravens lack money, their salary cap carryover is the worst in the NFL.

The League average is just shy of $10 million, and the Ravens are at $587,000.

Lamar Jackson Mvp Odds

A look at the salary cap carryover for 2021: pic.twitter.com/Q5JELBem2u

— NFLPA (@NFLPA) February 19, 2021

All of these factors could impede Lamar Jackson’s individual success.