Upcoming Match-ups
  • College football Heisman Trophy odds are available for the 2023 NCAAF season 
  • Jayden Daniels is a massive odds-on favorite in the 2023 Heisman odds after Bo Nix had a mediocre performance in the Pac-12 championship
  • Track the 2023 Heisman odds for the favorites and longshots throughout the year

The Heisman Trophy is college football’s most prestigious award, being awarded annually to the most outstanding player in the sport. This page tracks the Heisman odds, averaging out the futures available at major online sportsbooks.

The graphs below show the movement in the Heisman odds for favorites and longshots. Underneath the odds, find analysis and historical Heisman trends to help you place a bet.

Jump to: Heisman Favorites / Heisman Longshots

2023 Heisman Odds

USC quarterback Caleb Williams opened as the +450 favorite to win the Heisman Trophy, an 18.18% implied probability of winning the award for the second straight year. There is only one college player in history who has won the Heisman twice (Archie Griffin, 1974 & 1975).

Heisman Favorites 2023

Best Odds

Heisman odds are updated every 15-60 minutes.

  • Dec. 2: A subpar performance from Oregon’s Bo Nix in the Pac-12 title game allowed LSU’s Jayden Daniels to soar to the top of the 2023 Heisman odds.
  • Nov. 5: Nix (+196) is now the second-favorite, narrowly behind Penix (+148). No other player is shorter than +775 (McCarthy) after Week 10.
  • Oct. 22: A subpar performance from favorite Michael Penix Jr in Washington’s 15-7 win over Arizona State allowed Michigan’s JJ McCarthy to jump him in the Heisman odds. After blowing out Michigan State 49-0 on the road, McCarthy is now +211 to win, on average, with Penix at +267. LSU’s Jayden Daniels improved to third-favorite (+458) with a 62-0 demolition of Army.
  • Oct. 15: After leading #7 UW to a huge comeback win over #8 Oregon, Penix Jr became the -137 odds-on favorite. It helped that Williams had a second straight subpar performance during USC’s 48-20 setback at Notre Dame. The reigning Heisman-winner faded all the way to seventh (from +251 to +2440).
  • Oct. 8: Penix Jr (+209) is narrowly ahead of Williams (+247) midway through the season with Nix (+644) and Gabriel (+930) the only other players shorter than +1000.
  • Sep. 24: Another huge week from Michael Penix Jr (+370) has launched the Washington pivot ahead of reigning Heisman-winner Caleb Williams (+411).
  • Sep. 10: After Texas’ stunning road upset of the Alabama, Longhorns QB Quinn Ewers improved to the +775 second-favorite , while Bama pivot Jalen Milroe faded from +2800 to +11000.
  • Sep 4: Washington’s Michael Penix Jr. became the second favorite in the Heisman odds (+825 average) after tossing five TD passes in a Week 1 win over Boise State. LSU’s Jayden Daniels, meanwhile, faded to +3500 after suffering an upset loss to Florida State.
  • Jul 17: UNC’s Drake Maye continues to slide in the Heisman odds, as he’s now sitting as a +1700 longshot bet after opening at +1000.
  • May. 1: Williams has faded from +425 to +500 following spring practice, while LSU’s Jayden Daniels has improved from +2000 to +1750.
  • Jan. 10: No surprise here. Reigning Heisman-winner Caleb Williams has opened as a sizable favorite to repeat in 2023.

2023 Heisman Trophy Public Betting Splits

Heisman Trophy public betting splits after Week 1

The latest Heisman Trophy public betting splits at DraftKings Sportsbook show that two Colorado players are getting major love to win the MVP trophy. Two-way star Travis Hunter is getting a whopping 44% of the handle to win the Heisman, while his quarterback Shadeur Sanders is seeing 26% of the total handle.

Considering Colorado is the most bet team to win the National Championship, it shouldn’t be surprising two of their best players are also public consensus picks for the Heisman. Hunter’s average Heisman odds improved from +30000 to +4250 after Week 1 vs TCU, while Sanders’ odds went from +17500 to +5400.

Heisman Trophy Longshots

Making Heisman predictions is quite difficult, as preseason longshots have a tendency to win the college football MVP award. For instance, recent winners Kyler Murray (2018), Joe Burrow (2019), and Devonta Smith (2020) were either off the board entirely or extreme longshots before their respective Week 1 games.

Among the notable 2023 Heisman Trophy longshots is Clemson quarterback Cade Klubnik, who faded all the way to +9250 from +1500 after losing to Duke in Week 1. We’ve also got our eyes on FSU wide receiver Keon Coleman, who remains a +10000 Heisman longshot despite balling out in Week 1 vs LSU.

Who Usually Wins the Heisman Trophy?

Lately, quarterbacks. Since the year 2000, a staggering 19 of the 23 Heisman winners have been signal callers. Alabama receiver Devonta Smith bucked a four-year trend of Heisman QB winners in 2020, but since then, the two most recent winners have been pivots.

Heisman Trophy Winners Since 2000

Year Player Position
2022 Caleb Williams Quarterback
2021 Bryce Young Quarterback
2020 Devonta Smith Wide Receiver
2019 Joe Burrow Quarterback
2018 Kyler Murray Quarterback
2017 Baker Mayfield Quarterback
2016 Lamar Jackson Quarterback
2015 Derrick Henry Running back
2014 Marcus Mariota Quarterback
2013 Jameis Winston Quarterback
2012 Johnny Manziel Quarterback
2011 Robert Griffin III Quarterback
2010 Cam Newton Quarterback
2009 Mark Ingram Jr Running back
2008 Sam Bradford Quarterback
2007 Tim Tebow Quarterback
2006 Troy Smith Quarterback
2005 Reggie Bush Running back
2004 Matt Leinart Quarterback
2003 Jason White Quarterback
2002 Carson Palmer Quarterback
2001 Eric Crouch Quarterback
2000 Chris Weinke Quarterback

Before Devonta Smith’s win in 2020, the last Heisman to go to a non-QB/RB was Charles Woodson in 1997. Before that, it was Desmond Howard in 1991, then Johnny Rodgers (who was kind of a running back) in 1972, and then Notre Dame end Leon Hart in 1949.

Looking at Heisman winners since 2020, it’s clear that running backs and receivers are facing an uphill battle. This Heisman trend suggests there’s an 83% chance the 2023 Heisman winner will be a quarterback.

Position # of Heisman Trophies Since 2000
Quarterback 19
Running back 3
All others 1

Where Can You Bet on the Heisman Trophy?

Every major sportsbook in the country offers NCAA futures odds, which always include the Heisman Trophy odds. Bettors may notice that some sites take their Heisman odds down on Saturdays while games are being played. Don’t panic. They will be back once oddsmakers have had to time reflect on the day’s results and adjust accordingly.

The main list of legal sportsbooks offering Heisman futures odds in 2023 is as follows:

Heisman Trophies by Conference

The SEC and Big Ten have dominated the top preseason top-25 favorites lately. But while the SEC has actually followed through with their Heisman Trophy candidates lately, the Big Ten has only produced two winners since 2000 and none since 2006 (Troy Smith, Ohio State).

Conference Heisman Trophies since 2000
Big 12 5
Pac-12 5
Big Ten 2

If the 2023 Heisman odds actually hold true and Caleb Williams repeats as the winner, the Pac-12 will move into second place on the list of Heisman trophies by conference.

Archived Heisman Trophy Odds: 2022, 2021, 2020, 2019, 2018