T.J. Watt behind Myles Garrett in defensive player of the year odds

2023 NFL Defensive Player of the Year Odds to Win

Who is the current favorite to win Defensive Player of the Year?

Myles Garrett is currently the favorite to win the 2023 Defensive Player of the Year at -200 odds, followed by Micah Parsons (+165) and T.J. Watt (+400).

Best Bet to win Defensive Player of the Year

Myles Garrett to win DPOY -200

Garrett has been our favorite bet for this award for several weeks, and now he has moved up to the favorite in the betting markets.

He is still a value at -200.

 

Who won AP Defensive Player of the Year last year?

Nick Bosa (49ers) won DPOY last year, receiving 46 first place votes for 237 points, beating Micah Parsons (Cowboys) who had 101 points, but no first place votes.

Past AP Defensive Player of the Year Winners:

Year	Player	Team	Position
2022	Nick Bosa	San Francisco 49ers	EDGE
2021	T.J. Watt	Pittsburgh Steelers	OLB
2020	Aaron Donald	Los Angeles Rams	DT
2019	Stephon Gilmore	New England Patriots	CB
2018	Aaron Donald	Los Angeles Rams	DT
2017	Aaron Donald	Los Angeles Rams	DT
2016	Khalil Mack	Oakland Raiders	OLB
2015	J.J. Watt	Houston Texans	DE
2014	J.J. Watt	Houston Texans	DE
2013	Luke Kuechly	Carolina Panthers	ILB
2012	J.J. Watt	Houston Texans	DE
2011	Terrell Suggs	Baltimore Ravens	OLB
2010	Troy Polamalu	Pittsburgh Steelers	SS

When Should you bet on the Defensive Player of the Year?

If you’re betting on Defensive Player of the Year favorites, you should place bets closer to the start of the season — that way you’ll keep funds in your account for an extra couple of months.

When placing a future bet an important concept to understand is the time value of money. The concept that money is worth more now than the same sum will be worth in the future due to its earning potential in the interim.

Wagering now comes at an opportunity cost as the 2023 Defensive Player of the Year bet will not be graded until February 2024 tying up funds wagered for many months.

Does this concept insinuate that no future bet should be made until closer to the season? No, the offseason is a great time to identify mispriced higher-odds players that could have their odds shift significantly with roster changes, also the players with higher odds reduce the time value effect as the potential payout is higher.