The latest odds for the NFL Defensive Player of the Year are out, and they really boil down to a tale of three bets. 

Allow yourself to examine things this way: the favorite, the dark horse, and the long shot.

The Favorite: JJ Watt (3/1)

Watt tops the list as the favorite ,and if there's one thing to take away from his recent defensive performances, it's that whenever he's at full health, he's won the award. Watt has been named the NFL's DPOY in 2012, 2014 and 2015. Aaron Donald is a close second, but he doesn't have Jadeveon Clowney lining up beside him on the front four to help share the double-team assignments like Watt does.  

The Dark Horse: Jalen Ramsey (18/1)

In terms of balancing probability with payout, Jalen Ramsey has the most intriguing odds. The only issue with Ramsey is that he doesn't control his own destiny the same way a defensive end or even linebacker does when it comes to accumulating positive stats. If Ramsey is really as great of a corner as he thinks he is, then he may not even get passes thrown his direction for a chance to make a play. The last cornerback to win the Defensive Player of the Year was Charles Woodson in 2009 with the Green Bay Packers, when he had nine interceptions and 18 passes defended.

The Long Shot: Myles Garrett (25/1)

It's pretty clear that the Defensive Player of the Year isn't an award for rookies, but second-year players are more than fair game. Just look at Luke Kuechly for the Carolina Panthers, who took the award in 2013. If Garrett didn't have the talent to be recognized as the best defensive player in the league, the Cleveland Browns wouldn't have drafted him No. 1 overall in 2016. 

A big part of winning the DPOY also has to do with keeping the eyes and attention of the media on your jersey too, and the Browns are off to a great start with that this season.

Get $20 with your first deposit on FanDuel. Join Now.

David Hayes is not a FanDuel employee. In addition to providing DFS gameplay advice, David Hayes also participates in DFS contests on FanDuel using his personal account, username DavidWHayes. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.