How is MVP status determined?

This always puzzles me, what criteria is used to determine who gets MVP status?

There has been many occasions where I may have a score of 30/7 or 45/12 and someone else with a score 31/28 or 42/50 will get MVP. In addition I've also noticed that the person with the highest amount of experience does'nt always get the MVP.

MVP should be given to the player who's added the most value to the team right?

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