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NBA MVP odds: Shai Gilgeous-Alexander leads sportsbook odds after latest update [12/23/2025]
Updated: | First published:
Written by Ryan Leaver, Senior Sports and Betting Editor
Get the latest NBA MVP odds sourced from each major sportsbook.
Shai Gilgeous-Alexander headlines the latest NBA MVP odds for the 2025/26 season. As of December 23, 2025, the Thunder combo guard is listed at -105, ahead of players such as Nikola Jokic and Luka Doncic.
Dimers’ analysis of the MVP market compares odds across major US sportsbooks, helping bettors identify where the best value lies among this season’s top contenders.
NBA MVP odds as of 12/23/2025
According to the latest update, Shai Gilgeous-Alexander is the outright favorite to win the NBA MVP award, with an implied 51.2% chance of taking home the league’s top individual honor.
He currently sits ahead of several taking home the league’s top individual honor.
Favorites to win NBA MVP
See which stars join Gilgeous-Alexander in the top 10 — along with their best available odds.
Shai Gilgeous-Alexander (Thunder)
Shai Gilgeous-Alexander is the current frontrunner for the NBA MVP award, according to the sportsbooks, with the best odds of -105 available at FanDuel, implying a win probability of 51.2%.
Nikola Jokic (Nuggets)
Nikola Jokic is the second favorite for MVP, with odds of +180 available at DraftKings, which translates to an implied probability of 35.7% for the Nuggets star.
Luka Doncic (Lakers)
Rounding out the top three MVP contenders is Luka Doncic of the Los Angeles Lakers. The combo guard has odds of +400 at DraftKings, giving him an implied 20.0% chance of winning the award.
| Player (Team) | Best MVP Odds |
|---|---|
| Shai Gilgeous-Alexander (Thunder) | -105 @ FanDuel |
| Nikola Jokic (Nuggets) | +180 @ DraftKings |
| Luka Doncic (Lakers) | +400 @ DraftKings |
| Cade Cunningham (Pistons) | +6500 @ DraftKings |
| Tyrese Maxey (76ers) | +15000 @ DraftKings |
| Victor Wembanyama (Spurs) | +15000 @ DraftKings |
| Jalen Brunson (Knicks) | +15000 @ DraftKings |
| Donovan Mitchell (Cavaliers) | +30000 @ DraftKings |
| Anthony Edwards (Timberwolves) | +30000 @ DraftKings |
| Jaylen Brown (Celtics) | +50000 @ DraftKings |
List of NBA MVP winners
In the past 10 seasons, MVP winners have included stars like Joel Embiid, Steph Curry and James Harden.
- 2025: Shai Gilgeous-Alexander (Thunder)
- 2024: Nikola Jokic (Nuggets)
- 2023: Joel Embiid (76ers)
- 2022: Nikola Jokic (Nuggets)
- 2021: Nikola Jokic (Nuggets)
- 2020: Giannis Antetokounmpo (Bucks)
- 2019: Giannis Antetokounmpo (Bucks)
- 2018: James Harden (Rockets)
- 2017: Russell Westbrook (Thunder)
- 2016: Stephen Curry (Warriors)
More NBA player awards odds as of December 23, 2025
Conclusion
As of December 23, 2025, Shai Gilgeous-Alexander is the outright favorite to win NBA MVP at -105, followed by Nikola Jokic at +180 and Luka Doncic at +400. These odds give the Thunder combo guard an implied 51.2% chance to win the award.
We strongly encourage users to exercise caution and conduct their own research before acting on any betting advice. Ultimately, it's important to make informed decisions that align with your personal values and goals. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.
All odds and implied probabilities mentioned in this article were verified and are accurate at the time of publication.
Ryan Leaver uses advanced statistical models and simulations to predict outcomes and provide predictions for the NBA, NFL, college football, college basketball, and soccer. He offers detailed game previews, best bets, props, and futures articles.
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