2026 MLB MVP Odds: Ohtani Continues Chasing History

At -125, Shohei Ohtani is breathing rarefied air at his current price.

Consider last year, when he was the overwhelming preseason favorite to win NL MVP, and he was still only +150 by the end of March, per Sports Odds History. That was already crazy, because the shortest number we’ve generally seen in recent years is +200 or +300.

Below, we’ll look at the early MLB odds for the 2026 season, and AL & NL MVP, as the likes of Alex Bregman (Chicago Cubs) and Kyle Tucker (Los Angeles Dodgers) have found new homes since our previous look.

Odds to win 2026 AL MVP

Player
Aaron Judge	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+225>>
Bobby Witt Jr.	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+550>>
Cal Raleigh	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+850>>
Vladimir Guerrero Jr.	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1300>>
Julio Rodriguez	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1300>>
Nick Kurtz	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1500>>
Jose Ramirez	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1500>>
Gunnar Henderson	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1600>>
Roman Anthony	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1700>>
Junior Caminero	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2200>>
Pete Alonso	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2200>>
Yordan Alvarez	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2500>>
Jeremy Pena	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2500>>
Cody Bellinger	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Corey Seager	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Carlos Correa	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Zach Neto	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4000>>
Wyatt Langford	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4000>>
Byron Buxton	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4000>>
Alejandro Kirk	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4500>>
Adley Rutschman	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4500>>

Odds last updated on 2-1.

Odds to win 2026 NL MVP

Player
Shohei Ohtani	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<-125>>
Juan Soto	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+800>>
Ronald Acuña Jr.	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1300>>
Fernando Tatis Jr.	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1700>>
Corbin Carroll	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1800>>
Francisco Lindor	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+1900>>
Alex Bregman	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2000>>
Bryce Harper	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2500>>
Elly De La Cruz	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+2500>>
Kyle Tucker	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Ketel Marte	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Kyle Schwarber	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3000>>
Paul Skenes	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+3500>>
Rafael Devers	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4000>>
Pete Crow-Armstrong	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4000>>
Mookie Betts	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4500>>
Manny Machado	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+4500>>
Jackson Chourio	>;elm:context_link;itc:0;sec:content-canvas» class=»link «><<+5000>>

Odds last updated on 2-1.

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Previous MVP winners

Here are the last 10 winners of the AL and NL MVP Award, with Shohei Ohtani leading the way as a four-time winner, with two in the AL and two in the NL. Only Frank Robinson has also won MVP awards in both leagues.

Barry Bonds holds the record for most MVP awards (seven)

The New York Yankees have won the most MVPs in MLB history with 25, while the St. Louis Cardinals are second, leading all NL teams, with 21. No player for the Arizona Diamondbacks, New York Mets, or Tampa Bay Rays has ever won MVP.

Previous AL MVP winners

Year	American League Winner
2025	Aaron Judge
2024	Aaron Judge
2023	Shohei Ohtani
2022	Aaron Judge
2021	Shohei Ohtani
2020	Jose Abreu
2019	Mike Trout
2018	Mookie Betts
2017	Jose Altuve
2016	Mike Trout

Previous NL MVP winners

Year	National League Winner
2025	Shohei Ohtani
2024	Shohei Ohtani
2023	Ronald Acuna Jr.
2022	Paul Goldschmidt
2021	Bryce Harper
2020	Freddie Freeman
2019	Cody Bellinger
2018	Christian Yelich
2017	Giancarlo Stanton
2016	Kris Bryant

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MLB MVP odds explained

Most sportsbooks will display odds in the American format as listed above. When Goldschmidt ran away with the MVP award in 2022 his odds had a minus (-) sign ahead of the number for a large part of the season.

Paul Goldschmidt -6000

That means that a bettor in August had to wager $6,000 to win $100 by betting on Goldy to win MVP. Before the season starts, almost every player will have a plus (+) sign ahead of their odds.

Shohei Ohtani +200

That means a bettor would have profited $200 for a $100 wager on Ohtani before the season started.

If American odds aren’t your thing, simply use a tool like our odds converter to switch the odds to decimal or fractional format. Most online sportsbooks also give you the option to change the odds format that you see.

This article originally appeared on Covers.com, read the full article here