Latest NBA MVP odds and favorites: All you need to know

Only two players have won the last four NBA MVP trophies. However, that could change in the upcoming 2022-23 season, with several contenders to win the league's most prestigous individual award.

Nikola Jokic is looking to make history by winning his third straight MVP trophy. If Jokic wins this season, he will join Bill Russell, Wilt Chamberlain and Larry Bird as the only players to do so in three consecutive seasons.

On that note, here are the latest odds on who could be next season's NBA MVP brought to you by Sportskeeda and DraftKings.

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Luka Doncic - Dallas Mavericks (+425)

Luka Doncic of the Dallas Mavericks is the favorite to win the NBA MVP.

Luka Doncic is the odds-on favorite to win the MVP this season and will come into the season in shape for the first time.

He's notorious for using the early part of the season to get into playing shape. That changed this offseason, as he stayed active and improved his conditioning. If the Mavericks can replicate their success from last season, Doncic could run away with the award.

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Giannis Antetokounmpo - Milwaukee Bucks (+600)

Giannis Antetokouonmpo is a two-time NBA MVP.

Giannis Antetokounmpo could have won the MVP last season if not for Nikola Jokic's historic campaign.

The Milwaukee Bucks suffered from championship hangover last season, but it's a different story this season. Antetokounmpo looks focused on not only winning another championship but another MVP award.

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Joel Embiid - Philadelphia 76ers (+650)

Joel Embiid of the Philadelphia 76ers

Joel Embiid came in second in MVP voting for two straight seasons. Embiid stayed relatively healthy last season in what was the best year of his career.

Having a motivated James Harden next to him could hurt his chances of winning MVP, but he's still among the best players in the league.

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Kevin Durant - Brooklyn Nets (+800)

Kevin Durant of the Brooklyn Nets

Kevin Durant dominated the headlines in the summer for requesting a trade out of the Brooklyn Nets.

Durant remains one of the best players in the world when healthy. He needs to stay on the court to have a chance of winning his second MVP award.

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Nikola Jokic - Denver Nuggets (+900)

Nikola Jokic of the Denver Nuggets

Nikola Jokic will have a full supporting cast this season, which could hurt his chances of winning a third straight MVP trophy.

Voters' fatigue might also hinder the Denver Nuggets superstar from achieving history. Nevertheless, he's a solid pick to win the award despite the crowded competition.

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Other candidates for NBA MVP

Steph Curry and Ja Morant

Stephen Curry (+1200) winning another MVP will solidify his place among the top ten players in NBA history. However, the Golden State Warriors will likely rest Curry more than ever as they try to win back-to-back championships.

Jayson Tatum (+1400) is out to prove himself after a lackluster performance in the NBA Finals. Ja Morant (+1500) was in the MVP conversation last season, but he needs to stay healthy. Zion Williamson (+2200) is a surprise pick as long as he stays healthy, while LeBron James (+2500) will always be a candidate for the award.