2024 NFL awards betting odds: Who is favored to win MVP, Rookie of the Year, Coach of the Year and more

With the NFL regular season just around the corner, it’s time to take a final preseason look at predictions for regular-season superlatives — i.e., odds for the NFL Honors. Awarded every year on the Thursday before the Super Bowl, NFL Honors recognize the standout performances from the regular season, with the top award of the night being the Most Valuable Player.

The odds are out for several of these awards, and, as you would expect, the favorites are a lineup of NFL stars. Patrick Mahomes is the favorite for MVP with +500 odds, followed by Josh Allen (+850) and Joe Burrow (+900). Those three happen to form the entire top tier of Mike Sando’s annual Quarterback Tiers.

Stars Tyreek Hill and Christian McCaffrey top the odds for Offensive Player of the Year at +750, while T.J. Watt (+550) and Micah Parsons (+600) are in a near tie for Defensive Player of the Year favorite.

We’ve also got a bright rookie class with former Heisman winner Caleb Williams (+130) as a strong favorite for Offensive Rookie of the Year, followed by reigning Heisman winner Jayden Daniels (+500). First-round draft picks Laiatu Latu and Dallas Turner are tied at the top for Defensive Rookie of the Year.

We’re also digging into the odds for Coach of the Year and Comeback Player of the Year.

So let’s get into it. Who you got?

2024 NFL MVP odds

It should come as no surprise to see two-time MVP Patrick Mahomes at the top of this list. Last year, Mahomes led the Chiefs to an 11-6 regular season with an offense that was a step off of its usual rhythm on his way to a third Super Bowl win and a third Super Bowl MVP title. He is the hands-down top quarterback in Sando’s Quarterback Tiers. For someone closing the gap on Tom Brady’s GOAT status, the 2024-25 MVP isn’t a stretch.

Josh Allen is another Tier 1 on Sando’s list for the third consecutive year. Allen has 128 combined passing and rushing touchdowns since 2021, 17 more than Mahomes. But oh, those turnovers. Allen was second in the league in turnovers last season.

Joe Burrow has great odds here and great odds to be the Comeback Player of the Year. Despite missing seven games last season, the league has high hopes for Burrow, who is an incredible producer when he’s healthy. Whether you bet on Burrow here depends a lot on whether you trust his body to stay healthy.

C.J. Stroud and Jalen Hurts are next in the odds, tied at +1000. Stroud won Offensive Rookie of the Year last season, and his Texans were a breakout story in the NFL. Houston only strengthened Stroud’s receiving corps this year with the addition of Stefon Diggs. Hurts, on the other hand, has never won MVP and struggled down the stretch last season. Changes with the offensive coaching staff and additions to the offensive line and backfield seem to indicate the Eagles are going in the right direction.

Lamar Jackson is the reigning NFL MVP, but just barely scrapes into the top 10 in the odds this year. That’s nothing against Jackson, who has two MVPs under his belt and a new target in Derrick Henry this year. The Ravens win over 75 percent of their games when Jackson is healthy.

You have to scroll past 16 names before you arrive at the first non-quarterback MVP contender: star running back Christian McCaffrey at +3500 odds. Keep scrolling past five more QBs and get to wide receivers Justin Jefferson and Tyreek Hill, both at +10000.

Offensive Player of the Year odds

 

Christian McCaffrey and Tyreek Hill are both considered two of the best Round 1 fantasy draft picks. Hill clocked 1,799 receiving yards last season and 13 touchdowns. He has over 10K yards in his career. CMC was the best running back in the league last year, with nearly 1,500 yards and 14 touchdowns in the regular season. And yes, he won this award last year. It would be a first for Hill.

Next in the odds comes freshly wealthy CeeDee Lamb, who just clinched the second-largest non-quarterback contract in the league behind another OPOY candidate, Justin Jefferson. Lamb was second behind Tyreek Hill in receiving last year with 1,749 yards and 12 touchdowns.

Jefferson, who won this title in the 2022 season, is tied in the odds with J’aMarr Chase. The argument for Chase here is that he’s receiving for one of the best quarterbacks in the league in Burrow. Jefferson is stuck again with a Vikings quarterback situation complicated by injury.

Should Amon-Ra St. Brown have a chip on his shoulder that he’s seventh in the odds? Maybe. St. Brown was the third-best receiver in the league last year by the numbers (1,515 yards, 10 touchdowns) and a key player in leading the Detroit Lions to their first divisional playoff win in thirty-two years.

Defensive Player of the Year odds

The reigning Defensive Player of the Year, the Cleveland Browns’ Myles Garrett, is facing some stiff competition. Garrett had 42 total tackles and 14 sacks last season and was the key defensive pin on a Browns team that led the league in total defense.

But this year, the Pittsburgh Steelers’ T.J. Watt and the Dallas Cowboys’ Micah Parsons have been trading spots at the top of the odds for DPOY. Watt finished just behind Garrett in last year’s voting, and his consistency is clear even on paper. He won this title in the 2021 season, and last year had 68 total tackles and led the league with 19 sacks. Parsons has never won the award but is a dynamic edger rusher who last year had 64 tackles and 14 sacks.

The Las Vegas Raiders’ Maxx Crosby has gotten better every year and posted a career-high 14.5 sacks last season, which put him at sixth in the league.

Offensive Rookie of the Year odds

Welcome back to the quarterback show — oh, and a former Ohio State star wide receiver.

Caleb Williams is the clear favorite here, with odds nearing even money. The No. 1 draft pick and Chicago Bears rookie quarterback impressed everyone at training camp and looks poised to be a star this year. Will it be a C.J. Stroud kind of season for him? In his three-season college career, Williams passed for almost 10,000 yards, rushed for almost 1,000 and had 120 total touchdowns.

Jayden Daniels, the No. 2 overall draft pick from LSU, is another quarterback looking to make a splash in his first professional season. He is the reigning Heisman Trophy winner (won the year after Williams won it as a sophomore), and over his five-season college career at Arizona State and LSU, he passed for 12,749 yards, rushed for 3,307 and had 123 touchdowns.

Marvin Harrison Jr. was selected fourth overall by the Arizona Cardinals after being a two-time unanimous All-American at Ohio State. In three seasons, he had 2,495 receiving yards and 32 total touchdowns. He’s now receiving for quarterback Kyler Murray.

Defensive Rookie of the Year odds

Defensive Rookie of the Year is a close tie between the top two —  Laiatu Latu and Dallas Turner — before the odds drop off to the next tier.

Latu is a defensive end for the Indianapolis Colts, selected in the first round of the 2024 draft after playing college for the Washington Huskies and UCLA Bruins. He won the Lombardi Award last year, led the nation in tackles for loss per game (1.8), and led the Pac-12 in total sacks (13).

Turner, a first-round pick from the University of Alabama, is the Vikings’ new edge rusher. Last year, he tied for the lead in the SEC in sacks (10) and won the SEC Defensive Player of the Year award.

Coach of the Year odds

The first tier of favorites for Coach of the Year is a dead tie between Chicago Bears coach Matt Eberflus and former college coaching phenom Jim Harbaugh, now with the Los Angeles Chargers.

Harbaugh is coming off a college National Championship with Michigan. The last time he coached in the NFL, from 2011-14 for the San Francisco 49ers, he had a 44-19 record overall and went to the Super Bowl. The Chargers are expected to have a middling year so Harbaugh has a lot of room to impress.

Eberflus has a record of just 10-24 in two seasons as head coach of the Bears. But these odds are all about expectations around how he can develop rookie QB Caleb Williams. If you think the Bears can make the playoffs, this could be an easy grab for Eberflus’ odds right now. Or maybe he will be out of a job next year.

Comeback Player of the Year odds

This award doesn’t get as much attention as the others, but it might be my favorite of them all. There’s just so much emotional scope — so much hope, dashed hope, hope again — involved in each name in this category.

Color me skeptical, but I don’t see favorite Aaron Rodgers making this kind of comeback. But boy, would it be fun to see. Rodgers’ much-trumpeted debut as a New York Jet ended after four snaps last year, and he enters this season as a 40-year-old recently recovered from a torn Achilles. If anyone can do it, though, it might be Rodgers. I’m just not confident.

Burrow makes a bit more sense, but again, it’s a case of whether you think he can stay healthy.

Kirk Cousins has found fresh popularity in the odds and in fans’ hearts as he made the move from the Vikings to the Atlanta Falcons. Falcons wide receiver Darnell Mooney credits Cousins as “the reason everybody is flowing.” (I mean, did you see those pictures at the water park? It’s just giving great vibes.) He was playing as well as ever before an injury took him out last season.

Can everyone bet on NFL awards?

Nope! Not everyone can actually place a bet on awards odds. Awards markets are illegal even in some states that have legalized other sports betting markets (like New York, not that this New Yorker is still sore about being left out of the 2022 Aaron Judge AL MVP market). The thinking is that these markets are more easily manipulated since the awards are chosen by vote. Makes sense.

Whether you can bet on these markets or not, tracking the odds can tell you a lot about the upcoming season — or at least where expectations sit as we head into Week 1 of the NFL. Or a great debate starter as you watch Week 1 games with friends.

Just remember to have fun.

(Photo of Joe Burrow: Todd Rosenberg / Getty Images)