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2022-23 NBA MVP Odds: Jokic Takes Big Lead as Front-Runner

After a long weekend filled with NFL content, it’s time to shine a light on a very important odds race, the NBA MVP odds update. Kade Kimble brings the update along with his explanation for the odds.
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2022-23 NBA MVP Odds: Jokic Takes Big Lead as Front-Runner

After a long weekend filled with NFL content, it’s time to shine a light on a critical odds race, the NBA MVP odds update. At a quick glance, Nikola Jokic has emerged as a heavy favorite, while Giannis Antetokounmpo takes a tumble. Let’s take an updated look at the NBA Most Valuable Player Odds Power Rankings.

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2022-23 NBA MVP Odds

OddsPlayerStock WatchImplied Chance
-2000Joel EmbiidNeutral95.24%
+1200Nikola JokicNeutral7.69%
+1400Giannis AntetokounmpoNeutral6.67%
+50000Jayson TatumNeutral0.2%
+50000Luka DoncicNeutral0.2%

Click here for NBA Most Valuable Player Odds Power Rankings.

1. Nikola Jokic (-105) Bet $100 $195. BetMGM has the best odds, click here to bet

Jokic, aka the advanced stats king, has taken a massive lead in the race, despite having to work his way onto this list. It’s been incredibly impressive to watch Jokic go from a no-show to the top of the list over the past few weeks. Crazily enough, he’s done so only averaging 25.1 points per game on the season and 23.7 points per game in January. That should explain his impact on his squad, which leads the Western Conference in seeding right now. Jokic would be the fourth player in NBA history to win his third straight MVP award. Also, lately, he’s been showing his capabilities of putting together big-scoring games en route to wins. He’s the best player on the best team in the Western Conference, so he deserves to be top-2 in odds for the award.

2. Luka Doncic (+430) Bet $100 to collect $530. FanDuel has the best odds, click here

Doncic’s numbers remain video game-like. At 33.6 points per game on the season and 31.3 points per game in January, Doncic is a top-MVP candidate. However, he’s yet to have played in back-to-back wins in January. Winning matters when it comes to the award. It’s hard for me to envision the Mavericks ever hoisting a championship banner with their current style of play behind Doncic and his usage rate. It does, however, lead to Doncic putting up MVP numbers. If they’re not winning behind his tremendous usage rate, it’s hard for me to reward him with the award. 

3. Jayson Tatum (+700) Bet $100 to collect $800. FanDuel has the best odds, click here

Tatum’s play in January has been excellent, and his team remains the winningest team in the NBA. This should leave him with the second-best odds to win the award, and arguably the best odds. However, he’s not there, and he’s got the third-best odds, so I’ll take it. He’s averaging 31.6 points per game in January, which is a bump to his season average while having won eight games in a row. It feels like only a matter of time before he is right back toward the top of this list, and rightfully so.

4. Joel Embiid (+800) Bet $100 to collect $900. FanDuel has the best odds, click here

In January, the 76ers are 6-1 when Embiid plays, and he’s averaging 35.1 points per game for the month so far. The numbers and winning are undeniable as of late, and has the second-best record in the Eastern Conference. It’s unlikely that the 76ers will surpass the Celtics anytime soon, so Embiid has to continue to put up great stat lines leading to wins to remain close to Tatum on the list. When looking at MVP candidates, I highly value winning and contributing to it in multiple facets of the game, and Embiid has done that as of late.

5. Giannis Antetokounmpo (+1200) Bet $100 to collect $1300. BetRivers has the best odds, click here

January has not been kind to Giannis, which explains the odds drop. He’s been dealing with an injury, and before the injury, was playing poorly. He had two single-digit scoring games, which is unacceptable for any MVP candidate, and then he’s been out with injury, which tanks the stock of any player for any award. Before this, he was playing incredibly and won’t be considered. As long as he returns from his absence and contributes significantly to winning, he’ll be back right in the mix.

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Kade has spent his last 3 years writing about the Oklahoma City Thunder. He has also been following the NBA for the past 11 years. Just recently, Kade began co-hosting the Boomtown Hoops Podcast.

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