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. USC’s Caleb Williams took the award home in 2022 and returns as a strong contender for 2023. Michigan’s JJ McCarthy and Washington’s Michael Penix Jr. lead a crowded race through the back fourth of the season.

Check back for updated Heisman odds, player analysis, and longshot picks for the 2023 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.

Heisman Trophy odds: 2023 Watch List

With one week left, we’re down to two top contenders. That’s not to say another player can’t rocket in, but the following are the most likely to win the trophy as of Nov. 21:

Jayden Daniels, QB, LSU: After dropping to as low as 65-1 following a loss to Alabama, LSU launched their Daniels-for-Heisman campaign. In Week 11, he became the first player to throw for 350 yards and rush for 200 more. In Week 12, Daniels totaled eight touchdowns. The historic performances vaulted the LSU Tiger to the odds-on favorite for the Heisman race. His biggest hurdle is missing out on the SEC Championship.

Bo Nix, QB, Oregon: Despite one loss to Washington on the season, Nix has been fantastic. He leads the nation in completion rate (77.9%!), has 35 passing touchdowns and just two interceptions, and sits second in QBR. Oregon notched a convincing wins over Utah and USC, and still has ranked Oregon State on tap, plus a potential Pac-12 Championship rematch with Washington.

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 two Heisman winners have played on teams that won fewer than 10 games – Florida’s Tim Tebow in 2007 and Louisville’s Lamar Jackson in 2016. But those two teams each won 9 games. So 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

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.

UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5, Get $150 in Bonus Bets
Sign Up, Deposit and Play Today in VA!
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Use Bonus Code: THELINESVA
Up to $250
Bonus Bet with First Wager
First Bet Reset Up to $250 Back in Bonus Bets 
Get Betway Boosts & Enhanced Odds
To Claim: Click Play Now
UP TO $1,500
In Bonus Bets
$1,500 Paid Back in Bonus Bets
Free Live Streaming – Watch Live Games
Use Bonus Code: THELINES
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: THELINES1000
Bet $5
Get $150
In Bonus Bets
Up to $150 in Bonus Bets if Your Team Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now
$100 bonus
No Regret First Bet
Up to $100 Back if Your First Bet Doesn’t Hit
Get Your Bets Boosted
To Claim: Click Play Now
$500 BONUS
2nd Chance Bet
Up To $500 in Bet Credits
ONLY 1x Play Through!
Use Exclusive Bonus Code: LINESRIV