2026 AL, NL MVP Odds: Ohtani Favored; Alvarez Holding Off Challengers

A lot of history has a chance to be made when it comes to the MLB MVP awards this season. 

Let’s check out the odds for the AL and NL MVP race at FanDuel Sportsbook as of July 16.

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American League MVP

Yordan Alvarez: -165 (bet $10 to win $16.06 total)
Junior Caminero: +450 (bet $10 to win $55 total)
Bobby Witt Jr.: +500 (bet $10 to win $60 total)
Ben Rice: +1400 (bet $10 to win $150 total)
Nick Kurtz: +2000 (bet $10 to win $210 total)
Julio Rodriguez: +4500 (bet $10 to win $460 total)
Shea Langeliers: +5500 (bet $10 to win $560 total)

What to know: We’re going to have a new AL MVP. Two-time defending AL MVP Aaron Judge has not played since May due to injury. His three MVP awards are tied with a host of MLB legends for the third-most all-time, including Yankee icons Mickey Mantle, Joe DiMaggio and Yogi Berra. However, he’ll have to wait to get his fourth, according to the current odds. The name atop the board is Houston’s Yordan Alvarez, who is leading the AL in home runs (31), hits (111), RBIs (70), on-base percentage (.426), slugging percentage (.633) and OPS (1.059). He is also second in the league in batting average (.318).

National League MVP

Shohei Ohtani: -1500 (bet $10 to win $10.67 total)
Pete Crow-Armstrong: +750 (bet $10 to win $85 total)
Kyle Schwarber: +3000 (bet $10 to win $310 total)
James Wood: +4000 (bet $10 to win $410 total)
Juan Soto: +4000 (bet $10 to win $410 total)
Corbin Carroll: +6500 (bet $10 to win $660 total)
Otto Lopez: +6500 (bet $10 to win $660 total)

What to know: It appears Ohtani is gonna do this thing again, mostly because of his combination of pitching and hitting. At the plate, he’s third in the NL in OBP (.403), third in OPS (.952), fifth in home runs (22) and fifth in slugging (.549). And on the mound, he’s 8-2 in 14 starts with a 1.79 ERA, 0.95 WHIP and 95 strikeouts. Yeesh. Last season, Ohtani won back-to-back NL MVP awards for the first time since Albert Pujols did it in 2008 and 2009. He also won the AL MVP in 2023, making him the first player in MLB history to win MVP back-to-back in each league. This year, if Ohtani is to win NL MVP, he will make a dent in Barry Bonds’ record of four straight MVP wins (2001-2004). All four of Ohtani’s MVP wins have been unanimous, with him receiving all 30 first-place votes. He has the second-most MVPs in history, trailing only Bonds’ seven.