Super Bowl MVP Odds: Favored Mahomes Crowned a Third Time

Previous MVP odds analysis

2/11, 8:45 a.m. ET: There's not much notable movement to report aside from favorite Patrick Mahomes shifting slightly to +150 at FanDuel. Purdy remains the second choice in the +220 range but is splitting the 49ers market with star running back Christian McCaffrey, who sits third at +450.
2/10, 8:00 a.m. ET: The Super Bowl MVP odds are beginning to see more movement, with Patrick Mahomes' price shortening at multiple sportsbooks, while the market has also shifted away from Brandon Aiyuk at multiple outlets. The biggest movers are at Caesars — Isiah Pacheco (+2,200 from +3,000) and Deebo Samuel (+2,000 from +2,500).
2/9, 8:30 a.m. ET: We're seeing very little MVP odds movement in the days before the Super Bowl, with Christian McCaffrey's move from +450 to +400 at Caesars the only tangible shift among the favorites over the past day. A swell of public money is sure to flood the markets come the weekend, so don't expect this lack of movement to persist. 
2/8, 8:30 a.m. ET: As we inch toward the Big Game, some minimal movement has hit these lines. The shortest numbers have more or less stayed in place, but Brock Purdy has seen his longest number crawl from +230 to +235 while Patrick Mahomes is now available at +150 at FanDuel after sitting as long as +140 before.
2/7, 8:30 a.m. ET: Patrick Mahomes and Brock Purdy are still at the top of the table, but it's worth noting Deebo Samuel's odds lengthened from +2,000 to +2,500, while Isiah Pacheco and Rashee Rice saw their odds shorten.
2/6, 8:20 a.m. ET: There has been a little movement since Monday, with Patrick Mahomes' longest odds to win Super Bowl MVP now coming in at +140 after topping out at +135. Similarly, Deebo Samuel has shot up from +2,000 to +3,300 at FanDuel, though other books are still in the 20/1 to 25/1 range.
2/5, 8:30 a.m. ET: The odds have not budged and it's still Mahomes drawing the shortest odds versus Purdy and McCaffrey. Still, the Chiefs are considered underdogs on the moneyline and spread, and it is borderline impossible for a player to win the award if his team loses the Big Game. I say "borderline" because it did happen... once. Linebacker Chuck Howley won MVP of Super Bowl V in 1971 when his Dallas Cowboys lost 16-13 to the Baltimore Colts. So, if the game odds prove accurate, Mahomes is not likely to be honored with the MVP.
2/4, 8:20 a.m. ET: With just seven days between us and Super Bowl 58, the SB 58 market has held it's ground over the last 48 hours. None of the odds from the major books have changed with Mahomes still favored over Purdy.
2/2, 8:25 a.m. ET: The Super Bowl MVP markets have more or less held steady, with only minimal movement across the industry over the past 48 hours. Patrick Mahomes continues to be a slim favorite over Brock Purdy, despite momentum on the Chiefs spread slowing slightly in the past couple of days. 
1/31, 11:00 a.m. ET: Patrick Mahomes continues to draw the shortest odds to win Super Bowl MVP. FanDuel is offering the best odds at +140 with other books going as short as +125. If Brock Purdy is more your preference, DraftKings has him at +225. If you think someone other than a quarterback is going to hoist the trophy, Christian McCaffrey (+475 at DK and Caesars) is the only other player with odds shorter than 12/1 as of Wednesday morning.
1/29, 12:30 p.m. ET: Patrick Mahomes remains the Super Bowl MVP favorite, and is also taking in the majority of the betting handle at DraftKings Sportsbook, which is reporting that he accounts for 20% of the total handle for this market, followed by teammate Travis Kelce (14%) and 49ers star Christian McCaffrey (12%). In terms of ticket count, however, it's CMC who leads the way with 15% of the MVP bets, followed by the KC duo of Mahomes (12%) and Kelce (10%). At BetMGM, it's McCaffrey who leads both the ticket count (11.8%) AND the total money (14.1%)
1/28, 11:00 p.m. ET: With the dust barely settled on the SB LVIII matchup, DraftKings was reporting that Patrick Mahomes led the way in Super Bowl MVP handle, accounting for 16% of the total handle spent on the market, followed by Christian McCaffrey at 12%.
The 49ers star RB, however, was leading the way in total tickets, with 8% of the bets, followed by Mahomes at 7% and Brock Purdy at 4% (and 8% of handle).