2025 Heisman Trophy Odds Tracker

• Indiana quarterback Fernando Mendoza won the 2025 Heisman Trophy
• We tracked the 2025 Heisman odds for Mendoza and other top contenders throughout the season
• Looking for the current college football Heisman odds?

The 2025 Heisman Trophy race featured Indiana’s Fernando Mendoza securing the award after leading the Hoosiers to their first-ever Big Ten Championship. Mendoza finished 13-0 with 2,980 passing yards, 33 touchdowns, and just six interceptions before his gutsy performance in the Big Ten Championship game sealed the trophy.

Below, see how the 2025 Heisman Trophy odds changed over the course of the season.

2025 Heisman Odds

Top 3 All Contenders

Texas quarterback Arch Manning opened as the +650 favorite to win the Heisman Trophy. LSU’s Garrett Nussmeier sat second at +800, while Clemson’s Cade Klubnik checked in at +900.

2025 Heisman Odds Movement

• [December 7] Fernando Mendoza locks up the Heisman at -2000 after leading Indiana to a 13-10 win over Ohio State in the Big Ten Championship. He throws for 222 yards and a touchdown despite taking a brutal hit on the game’s first play. Julian Sayin craters from +190 to +50000 after struggling in the loss. Diego Pavia briefly becomes the favorite at -110 when both quarterbacks throw early interceptions, but finishes at +1400 once Mendoza delivers in the clutch.
• [October 20] Fernando Mendoza strengthens his lead, tightening from +453 to +333 after his 332-yard, four-touchdown performance against Michigan State. Julian Sayin makes a massive jump, shortening from +1650 to +400 after throwing for 393 yards and four touchdowns against Wisconsin. Diego Pavia improves from +5250 to +850 after striking the Heisman pose in Vanderbilt’s upset of LSU.
• [September 23] Fernando Mendoza takes over as the Heisman favorite after John Mateer’s injury news breaks. Mateer needs surgery on his right hand and will miss approximately a month, with his odds immediately pulled from most sportsbooks. Mendoza, fresh off his five-touchdown performance against Illinois, moves to +650 and becomes the new betting favorite.
• [September 22] John Mateer holds onto the top spot at +825 before his injury, while Fernando Mendoza sits at +875. Carson Beck’s odds drift to +1400, Dante Moore is at +1150, and Josh Hoover makes a huge jump to +1600 from +4717 the previous week after his five-touchdown game against SMU.
• [September 15] After Week 3, John Mateer strengthens his position as the favorite at +875. Carson Beck sits second at +700, while Fernando Mendoza is a distant +2650. Gunner Stockton (+1267) and Jeremiah Smith (+1533) round out the top five.
• [September 2] Florida State’s Tommy Castellanos makes the week’s biggest move after stunning Alabama. His odds rocket from +12500 to +3000 following his 150-yard passing, 75-yard rushing performance in the 31-17 upset.
• [September 2] Arch Manning’s debut disaster sends him tumbling down the board. The Texas quarterback goes from +650 favorite to +1533 after throwing for just 170 yards with a pick in the 14-7 loss to Ohio State.
• [August 22] Final preseason update shows Arch Manning as the +650 favorite, with Garrett Nussmeier at +883 and Cade Klubnik at +900 rounding out the top three.
• [January 31] Arch Manning opens as the +750 favorite to win the 2025 Heisman Trophy. The Texas QB takes over a loaded offense despite limited 2024 snaps. LSU’s Garrett Nussmeier sits second at +800.

2025 Heisman Trophy Public Betting Splits

Preseason public betting data showed Texas quarterback Arch Manning drew the majority of handle at 28.3% despite his limited playing time in 2024. Indiana’s Fernando Mendoza received minimal preseason attention before emerging as the season’s most dominant player.