Updated NFL MVP Odds After Week 5

Old AccountSenior Writer IOctober 9, 2012

Updated NFL MVP Odds After Week 5

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    As Week 5 of the 2012 NFL concludes, the biggest highlight was the performances by many of the top quarterbacks across the NFL.

    Matt Ryan and Alex Smith continue being efficient with the football, while Tom Brady managed to outperform Peyton Manning once again in their yearly regular-season matchup. 

    However, this season has displayed plenty of fantastic performances from a variety of positions, which includes electric wide receivers and dominant pass-rushers.

    Who is the leading candidate for NFL MVP through five weeks? Here are the current odds.

10. Arian Foster

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    Odds: 500-1

     

    Arian Foster enters the MVP conversation after carrying his team to a Week 5 victory over the New York Jets. Foster dominated the Jets defense, rushing for 152 yards on 29 carries and continuing to prove his worth as the most valuable player on this Texans offense.

    The Houston Texans are 5-0 and arguably the most complete team in the National Football League. Ultimately, this team is a contender due to having one of the most consistent running backs in the league today.

9. Jamaal Charles

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    Odds: 400-1

     

    Jamaal Charles has been the most dominant offensive playmaker in the game despite playing for one of the league's worst offenses.

    It's unlikely that Charles will receive much consideration for the league MVP, but if he manages to continue leading the league in rushing, his chances will steadily improve.

    And though it appears unlikely that the Kansas City Chiefs appear in the postseason this year, they only remain two games out and could surprise people by the end of the year if Charles continues to lead the league in rushing. 

8. A.J. Green

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    Odds: 350-1

     

    Has A.J. Green emerged as the best wide receiver in the NFL? After his stellar rookie season, the former fourth overall pick has been nothing short of spectacular for the Cincinnati Bengals.

    With four touchdowns on the year, Green continues to dominant opposing secondaries while helping Andy Dalton run an efficient, balanced offense.

    If the Bengals make a second straight appearance in the postseason, Green will be the difference maker for this young AFC North team.

7. Percy Harvin

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    Odds: 300-1

     

    At 4-1 and atop the NFC North, the Minnesota Vikings are the league's most surprising team.

    A reason for the team's encouraging start is the emergence of Percy Harvin, who has avoided injuries and played consistent football these first five weeks.

    Harvin has formed great chemistry with second-year starter Christian Ponder,  making the Vikings offense much tougher to defend.

6. Alex Smith

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    Odds: 250-1

     

    Despite the critics of Alex Smith, the San Francisco 49ers quarterback rightfully deserves plenty of the credit for his team's 4-1 start to the 2012 season.

    The 49ers improved the talent around Smith in the offseason with the belief that he would emerge as an actual quarterback instead of a game manager.

    Through five games, Smith has thrown for 1,087 yards with eight touchdowns and one interception.

    If Smith continues his efficient play, the 49ers are in the best position to represent the NFC in the Super Bowl this year.

5. Joe Flacco

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    Odds: 200-1

     

    Joe Flacco took a tumble in the MVP race after the lackluster performance against the Kansas City Chiefs.

    However, we can't ignore Flacco's significant improvement in 2012. Through five games, Flacco has thrown for 1,456 yards, and he earned a head-to-head victory against Tom Brady a few weeks ago.

    It is evident that the Baltimore Ravens will go as far as Flacco takes them. So far, that has resulted in a 4-1 record.

4. Aaron Rodgers

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    Odds: 100-1

     

    The Green Bay Packers have been the biggest disappointment through the first five weeks, but Aaron Rodgers has continued to produce despite the issues surrounding the rest of his team.

    Rodgers has managed to throw for 1,307 yards and 10 touchdowns despite the lack of pass protection on a consistent basis and the absence of All-Pro receiver Greg Jennings.

    Eventually, the Packers will turn their season around, and Rodgers will be in the heat of the MVP race.

3. J.J. Watt

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    Odds: 90-1

     

    J.J. Watt is the lone defensive player on MVP Watch, and for good reason. He continued his dominance against the New York Jets, recording another sack to give him 8.5 on the season.

    Although Arian Foster is the most recognized player on this Texans team, Watt's stellar play through five games makes the Texans defense the most dangerous in the NFL.

    His ability to provide pressure on the quarterback, while also stopping the run and forcing turnovers, makes him a rare candidate for MVP as a defensive player.

2. Tom Brady

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    Odds: 10-1

     

    Tom Brady is geared up for another MVP season, and his performances have been nothing short of stellar. Through five games, Brady has amassed 1,450 yards, eight touchdowns and one interception.

    There is no question that the Patriots will compete for another championship, which will greatly help Brady's MVP chances.

1. Matt Ryan

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    Odds: 5-1

     

    Through the first five weeks of the NFL season, Matt Ryan has been the league's most valuable player, guiding the Falcons to a 5-0 start.

    Ryan is flourishing in the new-look Falcons offense, throwing for 1,507 yards and 13 touchdowns.

    Although he will be judged for his performance in the postseason, there is no denying Ryan's astonishing play these past five games.

     

    Matt Miselis is a veteran NFL FC for B/R who has been featured on ESPN.com, CBS Sports and the L.A. Times. Follow him on twitter: @MattMiselisNFL