Big bet on Nikola Jokic’s MVP win cashes for $12.2K

See how long the odds were on Nikola Jokic’s MVP win when this BetMGM bettor made the wager

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Denver Nuggets star Nikola Jokic has won this year's NBA MVP award, it was announced on Tuesday.

This is Jokic’s first MVP win and it makes him the sixth international player to take the award. And Jokic wasn’t the only winner when this news was announced. One bettor at BetMGM turned hundreds of dollars into thousands on Jokic’s long odds late last year to win the MVP award.

(Odds courtesy of BetMGM)

A notable bet on this began with $488 on Jokic’s odds to win the NBA MVP when they were at +2500 in December. And it cashed with the news of the win at $12,200. That’s some good foresight.

Jokic opened at +2500 to win the award and he eventually became the favorite at -5000. 13 percent of the tickets and 42 percent of the handle at BetMGM were on Jokic.

Jokic’s opening odds match those of Derrick Rose for MVP winner with the longest preseason odds to take the award. Rose was the NBA MVP in 2011 after having +2500 preseason odds.

Luka Doncic was the preseason favorite to win the NBA MVP with +350 odds. He was favored to win from the preseason to January, until Joel Embiid became the favorite in February, reaching +200 odds to win. LeBron James was favored in March, reaching  +125 odds to take the MVP. And then Jokic finally became the favorite in late March, much to the excitement of that BetMGM bettor, I’m assuming.

Upon learning of his NBA MVP win, Jokic gave credit to the rest of his team.

"It's a big accomplishment," Jokic said. "But it's something that, like I said to the guys, it's not just me. I couldn't do it by myself. It's something that it is an individual award but it's the effort of everybody who is part of the Denver Nuggets organization."

The Nuggets are getting ready to face the Phoenix Suns in Game 2 of the Western Conference Semifinals on Wednesday night.

Lucy is a sports betting content producer with Audacy and BetQL. She has worked with WEEI and Audacy as a writer, radio producer and podcaster. Lucy lives in Boston and loves Tom Brady and prop bets. ​Follow Lucy on Twitter at @LucilleBurdge.