2021 NFL MVP Odds: 5 NFL QBs who could win the award

NFL MVP odds can sometimes change dramatically on a weekly basis. Big performances in key matchups can heavily influence the NFL MVP race. Through five weeks of the 2021 NFL season, two favorites have emerged from the pack. They have the best odds at this point of the season. As usual, quarterbacks dominate the list of candidates.

It's still very early and things will still change. Every quarterback still has positive odds from a betting perspective. The best value betting on an NFL MVP is early in the season when the odds are still favorable. Here are two current favorites and three live long shots to win the 2021 NFL MVP.

2021 NFL MVP: The favorites

#1 – Josh Allen, Buffalo Bills (+450)

Buffalo Bills quarterback Josh Allen

After a huge performance in Sunday Night Football in Week 5 against the Kansas City Chiefs, Josh Allen has emerged as the new favorite for NFL MVP. He accounted for four total touchdowns in the game with a massive 91.5 QBR. His stellar play is a big reason why the Bills have scored 156 points during their current four-game winning streak.

The Bills are playing dominant football and look like the best team in the AFC Conference by a pretty wide margin right now. Allen's ability to push the ball deep downfield with his big arm puts a ton of pressure on opposing defenses. He is also one of the best rushing quarterbacks in the NFL.

#2 – Kyler Murray, Arizona Cardinals (+550)

Arizona Cardinals quarterback Kyler Murray

Kyler Murray was the favorite for NFL MVP before being passed by Josh Allen this week. The Cardinals are the only remaining undefeated team and Murray gets a ton of credit for that. He is a huge threat while running the ball, but his arm has been excellent this season. He leads the NFL in completion percentage while being in the top five in passer rating and QBR.

Kyler Murray is one of the best true dual threats in the league. He's very impressive, leading in completion percentage while also being ranked third in yards per completion. It is a dangerous combination, in addition to his legs, making him a truly unique quarterback.

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2021 NFL MVP: Live Underdogs (+1000 or longer)

#3 – Lamar Jackson, Baltimore Ravens (+1000)

Baltimore Ravens quarterback Lamar Jackson

Lamar Jackson has a case for NFL MVP right now. He is off to an incredible start to the season, including three fourth-quarter comebacks in five games. He currently has the fifth most passing yards and eigth most rushing yards in the entire NFL. He is the main reason why the Ravens have a 4-1 record and he is quickly climbing the ranks for NFL MVP, an award he won two years ago.

#4 – Matthew Stafford, Los Angeles Rams (+1200)

Los Angeles Rams quarterback Matthew Stafford

Matthew Stafford has a strong case for NFL MVP this season, making him one of the best-value bets at his current price. He currently leads the NFL in QBR while ranking third in both passing yards and passer rating. This is his first year with the Rams and he is off to a hot start. It's reasonable to believe that he will continue to get even better as the season progresses in the new system.

#5 – Patrick Mahomes, Kansas City Chiefs (+1800)

Kansas City Chiefs quarterback Patrick Mahomes

Patrick Mahomes is off to the best start to a career of any quarterback in NFL history. He has put up impressive numbers again this season but the Chiefs are off to a disappointing 2-3 start. That is why Mahomes can be taken at such a great value price right now. He was the preseason favorite to win NFL MVP and is more than capable of catching fire at any time. Never count Mahomes out of anything.