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2024 Super Bowl MVP Odds: Mahomes Favored to Win for Third Time

Robert Duff

by Robert Duff in NFL Football

Updated Jan 29, 2024 · 10:39 AM PST

Chiefs QB Patrick Mahomes is the +120 favorite to be named Super Bowl MVP.
Jan 28, 2024; Baltimore, Maryland, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) prepares for a snap during the second half against the Baltimore Ravens in the AFC Championship football game at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports
  • Kansas City Chiefs QB Patrick Mahomes is the +120 favorite to be named Super Bowl MVP
  • Mahomes is already a two-time winner of the award
  • Two San Francisco 49ers players – QB Brock Purdy (+220) and RB Christian McCaffrey (+450) – are next in line in this betting market

There’s a curious juxtaposition at work in the latest Super Bowl MVP odds. The San Francisco 49ers are the 1-point favorites to beat the Kansas City Chiefs in the big game, but it’s Chiefs QB Patrick Mahomes who is the current +120 chalk to be named Super Bowl MVP.

In the rich lore of the Super Bowl game, which extends back for more than 50 years, just one player from a losing team – Dallas Cowboys LB Chuck Howley in the 1971 Super Bowl game – has been awarded the MVP while playing for the losing team.

Mahomes is already a two-time Super Bowl MVP. However, both of his MVP wins came following Kansas City Super Bowl victories.

Let’s take a look at the contenders and a couple of sleepers in the Super Bowl MVP odds.

Super Bowl MVP Odds

Player-Position (Team) Odds
Patrick Mahomes-QB (Chiefs) +120
Brock Purdy-QB (49ers) +220
Christian McCaffrey-RB (49ers) +450
Travis Kelce-TE (Chiefs) +1300
Deebo Samuel-WR (49ers) +3000
Isiah Pacheco-RB (Chiefs) +3500
Brandon Aiyuk-WR (49ers) +5000
Rashee Rice-WR (Chiefs) +6000
George Kittle-TE (49ers) +8000
Nick Bosa-DL (49ers) +10000
Chris Jones (Chiefs) +10000
Sam Darnold (49ers) +12500
L’Jarius Sneed (Chiefs) +15000
Fred Warner (49ers) +20000
George Karlaftis (Chiefs) +20000
Trent McDuffie (Chiefs) +25000
Harrison Butker (Chiefs) +35000
Marques Valdez-Scantling (Chiefs) +35000
Javon Hargrave (49ers) +40000
Chase Young (49ers) +40000
Jake Moody (49ers) +40000
Jauan Jennings (49ers) +40000
Justin Watson (Chiefs) +50000
Nick Bolton (Chiefs) +50000
Dre Greenlaw (49ers) +50000
Mecole Hardman (Chiefs) +50000
Kyle Juszczyk (49ers) +75000

San Francisco QB Brock Purdy (+220) and RB Christian McCaffrey (+450) are the only other players with  odds shorter than +1000 in the Super Bowl MVP odds. Chiefs TE Travis Kelce is at +1300.

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Mahomes Poised to Make Super Bowl MVP History

Last season, Mahomes won the Super Bowl MVP after also copping regular season NFL MVP odds. He was the first player to do so since Rams QB Kurt Warner in 1999-2000. Coupled with the Super Bowl MVP he captured after Kansas City beat San Francisco in the 2020 big game, he’s already among seven players to win that award multiple times.

Should he capture the Super Bowl MVP again this year, Mahomes would join Tom Brady (five) and ex-49ers QB Joe Montana (three) as the only players with more than two wins. Mahomes would also join Bart Starr (1967-68) and Terry Bradshaw (1979-80) as the only players to be named Super Bowl MVP in back-to-back games.

Purdy Impressive Against Lions

As the final player chosen in the 2022 NFL Draft, should he win, Purdy would also be making a little bit of history. Based on his performance against the Detroit Lions in the NFC Championship Game, historians might need to rewrite the book on Purdy.

Viewed by critics as nothing more than a game manager, Purdy put the 49ers on his back and carried them to victory over Detroit, overcoming a 24-7 halftime deficit. He completed 20-of-31 passes for 267 yards and a TD. More impressively, Purdy ran five times for 48 yards.

McCaffrey Making Mark

You have to go all the way back to the 1998 Super Bowl to find a RB lifting the MVP award. Yet it’s hard to overlook the chances of the honor going to McCaffrey should San Francisco win the big game. A source no less worthy than Purdy insists that McCaffrey should be the NFL MVP.

He was at it again against the Lions. McCaffrey ran for a pair of TDs. He’s scored four TDs in two playoff games this season. The versatile back has scored a TD in each of his six NFL postseason games. He’s also rambled for 33 TDs in 37 games with the 49ers.

Super Bowl MVP Longshots Do Come In

Normally, betting on longshots is fool’s good. When it comes to the Super Bowl MVP, though, there have been some out there winners over the years.

Desmond Howard was Super Bowl MVP as a kick returner. Five WRs have won the award since 2005. Two linebackers also lifted the MVP trophy from the big game over the past decade. Only one defensive player has won NFL regular-season MVP. But 10 defensive players have won Super Bowl MVP.

On the other hand, no kicker or TE has ever been named Super Bowl MVP, so someone is going to have to break it to Taylor Swift that her main squeeze Travis Kelce is unlikely to be squeezing the award come the conclusion of the big game on February 11.

Super Bowl MVP Pick: Patrick Mahomes (+120)

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