Seems like a fair price at best The current money line says they are a 58% favorite to win the game. For this to be a good bet, you would need Rodgers to win the MVP at least 60% of the time the Packers win. If it is a low scoring win, they could give it to a defensive player or even a special teams player (esp. if one of them scores a TD or makes 2 or more big plays). There is also some non-trivial chance that a RB or WR could win it. A player on the losing team could also get the award (it has happened before). If GB loses, there is almost no way that Rodgers would get it. Just some things to think about.