Ask the Oddsmakers: Patrick Mahomes' MVP Chances are 'Slim-To-None'

When the odds-on favorite to win NFL MVP sinks from the top of the board all the way down to 11th, it's difficult to not consider buying low with a full half-season still to be played.

That's the current predicament for bettors wanting to get in on Kansas City Chiefs quarterback Patrick Mahomes in case there's a serious second half turnaround. Right now at WynnBET Sportsbook, Mahomes is currently +5000, or 50/1 to take home his second NFL MVP award after opening the season at +475.

With odds that long, a division still up for grabs, and an offensive roster as talented as Kansas City's, it seems absurd not to at least consider throw a few bucks down on Mahomes, right?

Unfortunately, that's exactly what the sportsbooks want you to think.

Here at BetSided, we're fortunate enough to talk directly to the traders at WynnBET that set and move the lines each day. They understand how both public and sharp bettors play each week's action, as well as futures odds, so their insight into these types of scenarios is monumentally helpful.

We asked trader Sawyer Johnson about Mahomes' chances to come back and win MVP. We also wondered if no clear-cut favorite is actually a good thing for Mahomes, considering the race remains wide open.

"I think it hurts it," Johnson told BetSided.

"There isn’t a clear-cut candidate because a handful of players have a solid case. It isn’t because no player has a case. Since there are a lot of quality candidates, his MVP chances this season are slim-to-none.”

Chiefs Remaining Schedule is Toughest in the NFL

If Mahomes is prepared to shock the betting world, as well as the oddsmakers, Kansas City needs to start picking up some major wins and doing it fast.

The Chiefs have the most difficult schedule the rest of the season, with no games scheduled against teams with a .500 record or below through Weeks 9-18.

Should Kansas City get on a run, and Mahomes starts playing like the quarterback we saw from 2018-2020, those slim-to-none chances could all of a sudden start to open up.

Personally, I agree with the oddsmakers here, but my feelings could adjust if improvement starts to become evident. I would wait a tad bit longer until we actually see a turnaround from Kansas City before placing a wager. With so many qualified candidates, the value on Mahomes won't disappear overnight.