NFL Awards: Previewing the Top Three Favorites To Win the 2023-24 NFL MVP

The NFL season is just a few weeks away, meaning now is the time to get your MVP future bets in. NFL betting sites see this year's MVP battle coming down to three quarterbacks, setting their odds ahead of the rest of the field. We are breaking down the top three favorites to share odds from BetMGM Sportsbook and give you the insights to win your MVP bet.

It's hardly a surprise to see Burrow atop this list, with the 26-year-old coming off another incredible season. While he picked up a calf injury over the summer, the team has made it clear that the young star will be ready for week 1. Burrow saw his touchdown-to-interception ratio improve last season while adding more yards and touchdowns on the ground.

The most significant advantage Burrow has over the field is his receiving corps. The Bengals have one of the best units in the country, led by Ja'Marr Chase, Tee Higgins, and Tyler Boyd. Injuries led to Burrow playing without the full trio for most of the season, but the young quarterback still had a fantastic year. Burrow could be in for a historic season if the receivers can stay healthy.

If Burrow stays healthy, these may be the best odds you will see for him this year. If you are interested in betting on Burrow to win MVP, you'll want to do so before the season kicks off.

The reigning MVP will be a popular bet this season, deservedly so. Mahomes defied expectations by leading the Chiefs to another Super Bowl title after losing one of the league's best receivers, Tyreek Hill. Mahomes threw for a career-high 5,250 yards last season to go with 41 touchdowns. The Chiefs receiving corps lacks a star, making those stats even more impressive.

While the Chiefs lack star power at wide receiver, they have the greatest pass-catching tight end of all time, Travis Kelce. Opponents are rarely able to contain the big man, making this one of the greatest passing duos in history. As long as Kelce is healthy, Mahomes will remain a top favorite for the 2023 AP NFL MVP.

His well-established history makes Mahomes the safest bet on this list. However, it is hard to win back-to-back MVPs, especially now that we have seen Mahomes win without Hill. Unless he finished with a historic statistical season, voters could overlook him in favor of Burrow or Allen.

While Josh Allen does not have the same accolades as Burrow and Mahomes, counting him out of the MVP race is a mistake. Allen dealt with some injuries last season but still managed to lead Buffalo to a 13-3 record. While his passing numbers are impressive, Allen is also a prolific rusher. The 27-year-old had 762 yards and seven touchdowns on the ground this season on top of throwing for 4,283 yards and 35 touchdowns last season.

While Buffalo's offense doesn't overwhelm you with playmakers, they have one of the league's best receivers in Stefon Diggs. The question will now be if second-year running back James Cook can handle being the team's lead back. If he can, it will significantly boost this team and Allen's MVP case.

This is a pivotal year for Josh Allen as he seeks to take another step forward in his career. League experts have started questioning the superstar, which will give him even more motivation to make a statement with his play this season. At +750, this is our favorite bet on the board.