Nikola Jokic (Denver Nuggets)
Nikola Jokic is the best player in the world and has been for a long time, and deservedly entered the season as favourite to win what would be his fourth MVP in just five years. But he drifted in the betting odds early, and if you read the last update of this page you would have seen our suggestion to jump on at what are quite possibly the longest odds he will be at all season. That suggestion remained at the last update even after his odds halved, and just a few weeks later those odds have halved once again to the point where he is now at less than $2 to win the award, even with nearly three-quarters of the season remaining. And it’s pretty easy to see why.
Jokic has been putting up absurd numbers for years, showcasing an almost historically unparalleled ability to manipulate opposing defences and get either teammates or himself basically any look that he wants, and he has taken that ability to another level in 2024-25. At the time of writing, his numbers are as follows; 32.3 points per game on 56.3% shooting from the field and 50.6% from three-point range, 13.6 rebounds, 10.2 assists and 1.8 steals. Over one ridiculous weekend in early December, he put up 56-16-8 and 48-14-8 over two legs of a back-to-back, helping to shorten some already very short odds for him to win this award. The Nuggets are still not exactly setting the world on fire, and some more consistency on the court from the team overall would further help what is already a very compelling MVP case. But while team performance is important, there is a point at which a player is so far ahead of the chasing pack that it becomes a little less relevant. Jokic is at that point, and with the Nuggets every chance of working their way up the standings as the season wears on, it may well prove very difficult to find any holes in his campaign.
Bet on Nikola Jokic to win the MVP @ $1.93 with Unibet
Shai Gilgeous-Alexander (Oklahoma City Thunder)
Shai Gilgeous-Alexander has been the most consistent top-tier MVP threat in the betting, having entered the season as one of the favourites and having hardly fluctuated over the first few weeks. That’s no great surprise; the Canadian is one of the most consistent players in the league and has a remarkable habit of putting up virtually exactly the same numbers with alarming regularity. His numbers are ever so slightly down on last season, but it’s a very minor difference; he put up 30.1 per game last season and is at the time of writing averaging 29.8, though his field goal percentage is a little more reduced, having dropped from 53.5% to 50.8%. The rest of his numbers are virtually identical, and his Thunder sit on top of the Western Conference and are the clear favourite to win the West.
Being in the top couple of players in the league and leading one’s team to top spot in the most competitive Conference would make for a pretty good MVP case most years, and will once again in 2024-25. The main question surrounding Gilgeous-Alexander is whether it's enough to knock off a couple of even more statistically dominant opposing players, in particular Nikola Jokic. By the end of the season, more than likely there will be at least a couple of players who, at least on paper, have outperformed the Thunder guard. But obviously numbers aren’t everything, and in his favour alongside his offensive performance will be the fact that he is an elite defensive player, and his team is one of the best in the league. He is also extraordinarily consistent and very durable, so the chances are that he will continue on his merry way for the rest of the season. If we were betting on a top three finish, Gilgeous-Alexander would be deservedly at nearly unbackable odds. But with Jokic and a couple of others playing at the level that they are, he might be destined for yet another second or third place finish this season.
Bet on Shai Gilgeous-Alexander to win the MVP @ $4.50 with PlayUp
Giannis Antetokounmpo (Milwaukee Bucks)
Giannis Antetokounmpo does pretty much the same thing every year, and 2024-25 appears to be no different. In fact, his season to date is arguably his best yet. At the time of writing, the Greek Freak is averaging a career-high 32.5 points per game, and doing it on an equal career-high 61.1% from the field. He’s also grabbing 11.6 rebounds and dishing out 6.2 assists per game, while continuing to be one of the most disruptive defensive players in the NBA. He is probably having a better season than he did in his two MVP seasons, but then one could argue that was the case the past few seasons too, when he hasn’t won.
Giannis has been the victim of a couple of things. The first of those is voter fatigue. With Antetokounmpo continuing to dish up the same thing year in year out, what was once so novel has become the norm, and there is no doubting that impacts voting. The second, more compelling, reason he hasn’t won the past few seasons is simply the rise of a couple of generational players, most notably Nikola Jokic. Had the Serbian been around and playing as he has been for the past few years back when Giannis won his MVPs, the Bucks’ star might not have any. But that’s not to denigrate Antetokounmpo. He is a completely dominant player at both ends of the floor and has been for years, and though he has a glaring flaw in the lack of a reliable jump shot, very rarely are opposing defences able to contain him. He was at longer odds a few weeks ago and looked like good value, and unsurprisingly he has shortened since. This feels like a year when he may well work himself back into the MVP discussion, and even having come in a little he could be decent value. The Bucks’ struggles certainly do not help him, but in a weak Eastern Conference they should be good enough to at least earn a top five or six case. He will be hard-pressed to catch Jokic, but there is every possibility that Antetokounmpo ends the season as the league’s leading scorer while shooting 60+%, grabbing around 12 rebounds, dishing out six assists, and being one of the best defenders in the game. That is a pretty compelling MVP case.
Bet on Giannis Antetokounmpo to win the MVP @ $9.00 with Unibet
Luka Doncic (Dallas Mavericks)
Luka Doncic has set a pretty high bar for himself over the past few years. Last season, the Slovenian averaged a ridiculous 33.9 points, 9.2 rebounds and 9.8 assists and led a relatively mediocre roster outside of he and Kyrie Irving to the NBA Finals. It’s testament to the quality of the top players in the league at the moment that even that performance wasn’t enough for him to be a realistic candidate in the MVP race, and having dropped a little by his very lofty standards early in this season his odds blew out into the double figures a few weeks ago. But after missing a few games at the end of November, Doncic appears to have returned to something nearing his best. In his first four games following that return, he averaged 31.3 points, 10.5 rebounds and 9.5 assists, with the Mavs winning all four of those games.
As ridiculous as those numbers are, they are not unsustainable for Doncic. He is more than capable of once again finishing the season averaging virtually a 30-point triple-double, and while numbers are not everything, those are some tough ones to ignore. That’s even more the case if the Mavericks can repeat something resembling their effort from last season, and end the regular season with a high seed in the West. But as with most players in this race, the main concern for Doncic will be the fact that the players he is competing against for the MVP are just so good. Most seasons, a 30-point triple-double average on one of the best teams in comfortably the better Conference would be a pretty difficult MVP case to ignore. But this year, however, there will be at least a couple of other players putting up some equally compelling cases. Doncic has some serious players to beat to win this award, but at the same time, so high is his ceiling that if he can continue his recent run of form and the Mavericks end up working their way up towards the Thunder in the Western Conference standings, he will shorten even further, and the $9 currently on offer for him to win the MVP might end up being looking like pretty long odds.
Bet on Luka Doncic to win the MVP @ $9.00 with Unibet