Heisman Trophy Betting Odds 2023

Betting favorites, history, and how to bet

heisman trophy odds

The Heisman Trophy is college football’s most prestigious award. While quarterbacks historically dominate the award, players like DeVonta Smith and Desmond Howard have broken up the monotony from time to time. LSU’s Jayden Daniels won the 2023 Heisman Trophy. Texas’ Quinn Ewers (+750), Georgia’s Carson Beck (+750), and Alabama’s Jalen Milroe (+750) open as Heisman Trophy odds favorites for a tight race for 2024.

Check back for updated Heisman odds, player analysis, and longshot picks for the 2024 season.

Looking for 2023-24 College Football National Title odds?

Heisman odds

Check out Heisman Trophy odds below and click to bet. Also be sure to view the best college football betting sites to see great offers.

Click on the odds to place your betFanduel:
Q. Ewers (TEX)
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C. Beck (UGA)
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J. Milroe (BAMA)
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D. Gabriel (ORE)
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W. Howard (OSU)
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N. Iamaleava (TEN)
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J. Arnold (OU)
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C. Weigman (TAMU)
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J. McCarthy (MICH)
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G. Nussmeier (LSU)
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J. Dart (MISS)
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D. Uiagalelei (FSU)
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C. Klubnik (CLEM)
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R. Leonard (ND)
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W. Rogers (UW)
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D. Allar (PSU)
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N. Fifita (ARI)
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A. Johnson (KSU)
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D. Brown (OSU)
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J. Daniels (KAN)
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All of the top 20 Heisman favorites next season are QBs. Each of the last three and 12 of the last 14 winners were QBs. However, preseason favorites rarely win the award. Let’s take a look at the breakdown of players with opening number at 50-1 or less.

Heisman Odds: Returning Starters

  • Quinn Ewers, QB, Texas (+750)
  • Carson Beck, QB, Georgia (+750)
  • Jalen Milroe, QB, Alabama (+750)
  • Jaxson Dart, QB, Ole Miss (+2000)
  • Cade Klubnik, QB, Clemson (+2500)
  • Drew Allar, QB, Penn State (+3000)
  • Noah Fifita, QB, Arizona (+4000)
  • Jalon Daniels, QB, Kansas (+5000)

Note: J.J. McCarthy has not decided on his future. Connor Weigman was Texas A&M’s starter, but was injured early in the year.

Heisman Odds: Transfer QBs

  • Dillon Gabriel, QB, Oregon (+1000)
  • Will Howard, QB, Ohio State (+1400)
  • DJ Uiagalelei, QB, Florida State (+2500)
  • Riley Leonard, QB, Notre Dame (+2500)
  • Will Rogers, QB, Washington (+3000)

Rising Starters

  • Nico Iamaleava, QB, Tennessee (+1800)
  • Jackson Arnold, QB, Oklahoma (+1800)
  • Garrett Nussmeier, QB, LSU (+2000)
  • Avery Johnson, QB, Kansas State (+5000)

Top Non-QBs

  • CJ Baxter, RB, Texas (+5000)
  • Trevor Etienne, RB, Georgia (+6000)
  • Tetairoa McMillan, WR, Arizona (+7500)

Related: Betting Heisman Trophy longshots

How to bet Heisman Trophy futures

Most major books like Caesars Sportsbook and DraftKings Sportsbook carry Heisman odds all season long. Since college football has the shortest season and fewest number of games of the major sport leagues in the US, these odds change rapidly. One high-profile game can send a player from off the board to a top-three favorite in just a week.

Quarterbacks typically dominate the market like they do in the NFL MVP award. The contenders are usually on high-powered offenses and national powers like Alabama, Georgia, and Ohio State. However, no preseason favorites have won the award and just four top-three favorites have won since 2008.

Identifying players with plenty of weapons around them, sound coaching, and superstar playmaking ability can help whittle down an often-overwhelming field.

How is the Heisman Trophy winner decided?

A total of 870 media members (sports journalists mostly covering college football) from six regions along with 59 former Heisman winners vote on the award. Voters can select three players on their ballot. A first place vote allots 3 points to the player selected, second place gets 2 points and third place gets 1 point.

The Heisman and the AP Player of the Year honor the most outstanding player. The award is given for outstanding performance which best exhibits the pursuit of excellence with integrity. Winners epitomize great ability combined with diligence, perseverance, and hard work. Since 2002, the award has been presented by the Heisman Trophy trust, and was first presented in 1935 by the Downtown Athletic Club in New York City.

Over the last 20 years, just three Heisman winners have played on teams that won fewer than 10 games – Florida’s Tim Tebow in 2007, Louisville’s Lamar Jackson in 2016, and LSU’s Jayden Daniels in 2023. But those three teams each won 9 games. Narrow your list to the projected top teams and review the schedules and players likelihood to put up strong stats with outstanding performances.

Heisman Trophy winner by year

2023Jayden DanielsQBLSU
2022Caleb WilliamsQBUSC
2021Bryce YoungQBAlabama
2020DeVonta SmithWRAlabama
2019Joe BurrowQBLSU
2018Kyler MurrayQBOklahoma
2017Baker MayfieldQBOklahoma
2016Lamar JacksonQBLouisville
2015Derrick HenryRBAlabama
2014Marcus MariotaQBOregon
2013Jameis WinstonQBFlorida State
2012Johnny ManzielQBTexas A&M
2011Robert Griffin IIIQBBaylor
2010Cam NewtonQBAuburn
2009Mark Ingram Jr.RBAlabama
2008Sam BradfordQBOklahoma
2007Tim TebowQBFlorida
2006Troy SmithQBOhio State
2005Reggie Bush (vacated)RBUSC
2004Matt LeinartQBUSC
2003Jason WhiteQBOklahoma
2002Carson PalmerQBUSC
2001Eric CrouchQBNebraska
2000Chris WeinkeQBFlorida State
1999Ron DayneRBWisconsin
1998Ricky WilliamsRBTexas
1997Charles WoodsonCBMichigan

Where can you bet on college football futures?

The Heisman Trophy futures markets are available at all legal, regulated sportsbooks. Heisman futures are located behind the college football tab in online sportsbook platforms, under a specific Futures tab. Find the best odds on each player in the above table.

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