The Heisman Trophy is awarded annually to the most outstanding player in college football. On December 9, LSU’s Jayden Daniels was named the 2023 Heisman Trophy winner. The senior entered the ceremony in New York City as a heavy -1200 favorite to take home the hardware. His opening odds were +4000 at Week 2. 

The season just wrapped up, but we already got our eyes set on the opening odds for next year’s Heisman contenders. 

2024 Heisman Trophy Betting Odds

Odds To Win 2024 Heisman Trophy
Player Odds
Quinn Ewers (Texas) +750
Carson Beck (Georgia) +750
Jalen Milroe (Alabama) +750
Dillon Gabriel (Oregon) +1000
Will Howard (Ohio State) +1500
Nico Iamaleava (Tennessee) +1500
Jackson Arnold (Oklahoma) +1800
Connor Weigman (Texas A&M) +1800
Garrett Nussmeier (LSU) +2000
Noah Fifita (Arizona) +2000
JJ McCarthy (Michigan) +2000
Jaxson Dart (Ole Miss) +2000
DJ Uiagalelei (Florida State) +2500
Cade Klubnik (Clemson)  +2500
Riley Leonard (Notre Dame) +2500
Will Rogers (Washington) +3000
Brady Cook (Missouri) +3000
Drew Allar (Penn State) +4000
Shedeur Sanders (Colorado) +4000
Avery Johnson (Kansas State) +5000

Odds as of January 12

who is favored to win the 2024 heisman trophy?

There’s been a lot of action in the transfer portal and oddsmakers think a new atmosphere will do certain names some good. However, the top three favorites stay loyal to their schools. 

quinn ewers (+750)

The last couple of seasons, Quinn Ewers has always been in early Heisman talks. He got as close to a sniff at +750 odds this year. However, it’s always guys that come close to a CFP spot and considered more experienced that end up passing him. Well, now the junior will be the experienced guy.

The Texas native definitely improved over the course of an offseason, finishing the year with 3,479 yards and 27 total touchdowns. He put up a noble effort in the Sugar Bowl semifinals 37-31 loss to Washington. Also, he got bragging rights for taking down a No. 3 Alabama in Week 2. 

But perhaps off the field is where Ewers has the Heisman attitude, being called a visible leader by Steve Sarkisian and admired by back-up Arch Manning. Could it finally be his time to earn a spot as a finalist? I think so. His playing will ultimately determine whether he hoists the hardware.

Heisman Trophy Value picks

Incredibly early odds just equals incredible profit. Here’s some eager value picks for you to consider. 

jalen Milroe (+750)

What does Alabama look like without Saban? The coach led the program from 2007 to 2023, spending his last season being knocked out of the CFP by Michigan. Saban has vowed to show up and help the coaches and athletes through the transition. Perhaps that’s why oddsmakers predict the group won’t skip a beat, with QB Milroe sitting inside the top three contenders. 

The Texas native definitely got more comfortable in his role as the season progressed, tossing 17 touchdowns after Week 4 and rushing in another eight. 

It’s not easy being thrown into a quarterback position on a reputable Tide squad, especially managing the criticism, but Milroe is proving he can handle it. He’ll just be better and more composed entering next season. 

DJ Uiagalelei (+2500)

Well, here’s my longshot value pick for you! DJ Uiagalelei has been school hopping desperate to find a perfect fit. He opened his college career at Clemson before politely being shown the door. Then, he has solid success at Oregon State with 2,638 yards and 27 total touchdowns. But, the Pac-12 realignment has left the Beavers in the dust. 

Now, using the transfer portal, Uiagalelei will replace Jordan Travis at Florida State. Luckily, despite the conference realignment, the ACC isn’t getting more difficult with schools like California, Stanford and SMU joining. 

Who Was The 2023 Heisman Trophy Winner?

Out of the four finalists, Jayden Daniels was named the winner despite being the only candidate from a team ranked outside the top 10.

The senior recorded over 3,800 passing yards and 40 touchdown passes and threw for three or more scores in nine of his 12 performances. He posted a 95.6 QBR, the best number in the nation. The California native has declared for the upcoming NFL draft. 

Heisman Trophy Historical Odds

By now, everyone is aware that LSU Tigers quarterback Joe Burrow won the Heisman Trophy in 2019. But did you know his odds to win the Heisman Trophy prior to the start of the season were +4000?

That’s the best part of betting on this prop. Players can be huge underdogs before the season starts and emerge from nowhere to take the spotlight. At some sportsbooks, Burrow wasn’t even listed as a Heisman candidate until after LSU’s second game.

Below are the opening and closing odds for every Heisman Trophy winner dating back to 2009. You can find all the Heisman Trophy winners listed here.

Heisman Trophy Odds History
Year Winner Preseason Odds Closing Odds Preseason Favorite (Odds)
2023 Jayden Daniels +1000 -1200 Caleb Williams (+475)
2022 Caleb Williams +800 -2500 CJ Stroud (+400)
2021 Bryce Young +900 -3500 Spencer Rattler (+550)
2020 DeVonta Smith +6600 -200 Justin Fields (+450)
2019 Joe Burrow +4000 -12500 Tua Tagovailoa (+250)
2018 Kyler Murray +3000 +700 Tua Tagovailoa (+400)
2017 Baker Mayfield +700 -1800 Sam Darnold (+500)
2016 Lamar Jackson +10000 -1350 Deshaun Watson (+450)
2015 Derrick Henry +2500 -465 Trevone Boykin (+650)
2014 Marcus Mariota +425 -1500 Marcus Mariota (+425)
2013 Jameis Winston +600 -15000 Teddy Bridgewater (+450)
2012 Johnny Manziel N/A -1000 Matt Barkley (+300)
2011 Robert Griffin III +2800 -1000 Andrew Luck (+325)
2010 Cam Newton N/A -450 Mark Ingram (+450)
2009 Mark Ingram N/A -250 Tim Tebow (+225)

Making A Futures Bet

A futures bet is a wager made on events or milestones that will happen in time. The Heisman bet is a form of futures betting because you are making a pick based on an outcome determined at the end of NCAA football season. The trophy is given out in mid-December and if you want to get a bigger payout, it’s best to lock in your bets sooner rather than later so you can take advantage of better odds. The closer it gets to Heisman voting, the more the odds will change.

How To Read Heisman Trophy Odds

The above chart features the odds for each top player in college football. At your sportsbook of choice, the betting lines would look something like this:

Quinn Ewers +500

Carson Beck +800

Jalen Milroe +1000

This means that Ewers is the favorite since he has the lowest odds and the highest chance of winning the prop, according to oddsmakers. If you were to bet $100 on Ewers and he won, you would get a payout of $600 – your original $100 is returned along with your winnings of $500.

On the other hand, if you strongly believe that Jalen Milroe is going to win the Heisman at Alabama, a winning $100 bet on him would yield $1,100 – your $100 comes back along with your prize of $1,000.

Our Odds Calculator will show you how much you’d win based on the odds and amount bet.

Handicapping Your Heisman Odds Bet

We have the goods to ensure that you can make smart picks. Check out our college football pages to give you the edge over other bettors:

• Odds

• Futures

• Free Picks

• Consensus

• Scores

• ATS Standings

• Offensive Stats

• Defensive Stats

• Game Logs

• Betting Trends

• Power Rankings

• Betting Tutorial

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