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Heisman Odds After Week 2 – Caleb Williams Makes Major Move

Brady Trettenero

by Brady Trettenero in College Football

Updated Sep 11, 2022 · 6:00 AM PDT

USC Trojans quarterback Caleb Williams throws the ball
Sep 10, 2022; Stanford, California, USA; USC Trojans quarterback Caleb Williams (13) throws the ball during the second quarter against the Stanford Cardinal at Stanford Stadium. Mandatory Credit: Stan Szeto-USA TODAY Sports
  • USC quarterback Caleb Williams threw four touchdown passes against Stanford in Week 2
  • Williams saw notable improvement in his Heisman odds, becoming the second choice at sportsbooks
  • Read below for the updated Heisman odds, plus analysis on the top candidates

If Caleb Williams was being slept on in the 2022 Heisman race, he certainly isn’t flying under the radar anymore. The USC Trojans’ QB made a major leap in the Heisman odds following his Week 2 performance vs Stanford.

Williams now has the second-best odds to win the Heisman at FanDuel Sportsbook. Ohio State’s CJ Stroud remains the favorite, while Alabama’s Bryce Young rounds out the top three.

Let’s take a look at the updated Heisman odds and break down the movement.

Heisman Odds

Player Odds
CJ Stroud (QB, Ohio State) +250
Caleb Williams (QB, USC) +300
Bryce Young (QB, Alabama) +400
Stetson Bennett (QB, Georgia) +2500
Hendon Hooker (QB, Tennesse) +4000
DJ Uiagalelei (QB, Clemson) +4000
KJ Jefferson (QB, Arkansas) +4000
TreVeyon Henderson (QB, Ohio State) +5000
Jordan Addison (WR, USC) +5000
Anthony Richardson (QB, Florida) +5000
Sam Hartman (QB, Wake Forest) +5000
Bijan Robinson (RB, Texas) +5000
Dillon Gabriel (QB, Oklahoma) +5000
Jahmyr Gibbs (RB, Alabama) +5000
JJ McCarthy (QB, Michigan) +5000

Odds as of Sep. 10 at FanDuel Sportsbook. Use this FanDuel promo code to bet on the Heisman. 

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Caleb Williams Heisman Odds

USC Trojans’ QB Caleb Williams entered Saturday with +600 odds to win the Heisman at FanDuel. By the time USC’s game against Stanford concluded, Williams was sitting at +300 to win the trophy.

Williams threw for 341 yards and four touchdowns in a 41-28 victory over the Cardinal. Making his first official Pac-12 start for USC, Williams helped the Trojans defeat their Stanford rivals for the first time on the road since 2014.

Williams’ Heisman odds move might not seem major, but it’s rare for top contenders to see notable shifts in their odds this early on. Oddsmakers have typically seen enough of college football’s best players to price them accurately in the preseason.

Williams is possibly exceeding expectations with his new team in the eyes of the sportsbooks, which is why he’s now got similar Heisman odds to Bryce Young. Williams has the best QBR (211.4) of the three favorites, so the odds change is definitely justified.

Although Williams is now a heavier favorite, there’s still some value left at his plus-money price. USC plays its biggest games against Utah and Notre Dame late in the year, and those types of games are where Heisman winners are truly made.

Bryce Young Heisman Odds

Reigning Heisman winner Bryce Young saw his Heisman odds lengthen after Week 2 despite a heroic effort against Texas. With Alabama trailing late in the fourth quarter, Bryce Young had a 20-yard scramble run into Texas territory that set up the game-winning field goal.

Young faded from +300 to +400 as a result of the close victory.  His heroics might be seen as a ‘Heisman moment’ by some, but it was viewed a tad differently by oddsmakers. The Tide were favored by 21.5 points over the Longhorns, and Young didn’t have the monster game many were expecting.

Odds are already stacked against Young repeating as the Heisman winner, and the ‘Bama QB needs to ball out each week to pull off the virtually impossible. His final stat line vs Texas just wasn’t impressive, even though he showed his clutch ability and will happily take the win.

Biggest Fallers in Heisman Odds

Bryce Young took a minor step back in the Heisman odds after Week 2, but there were a few players who saw their odds drastically worsen. Florida QB Anthony Richardson faded from +1800 to +5000 after a lackluster showing vs Kentucky.

We mentioned in our Week 1 update the concern about Richardson’s consistency, and that was on full display in Week 2. After a great showing vs Utah, the sophomore was eaten up by the Wildcats’ defense, as he finished with no TDs and two picks in an upset loss.

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Another player who fell in the odds, through no fault of his own, was Texas QB Quinn Ewers. The 19-year-old looked electric in the first quarter vs Alabama before suffering a game-ending injury. Ewers finished 9-of-12 for 134 yards before his backup Hudson Card took over.

Ewers may have a Heisman in his future, but his injury makes the 2022 season seem unlikely. Aside from the fact that Heisman winners rarely miss games, the Alabama game was Ewers’ chance for his Heisman moment. The young pivot has been taken off the board at both FanDuel and DraftKings at time of publishing.

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