Heisman Trophy Odds & Favorites 2024: Hunter Overwhelming Favorite; Jeanty Clear Second
With just one full week left in the regular season, the Heisman Trophy odds race appears to be wrapped up with one overwhelming favorite.
Despite Colorado suffering a 37-21 upset loss to Kansas, Travis Hunter's Heisman Trophy odds shortened from -400 to -750 behind a dominant performance from the two-way star.
Boise State's Ashton Jeanty (+600) is the only other player with odds shorter than 12/1 across our college football betting sites after 13 weeks, and it doesn't look like he or Cam Ward will catch the Colorado star.
Heisman Trophy odds 2024
Live Heisman Trophy odds from our best sports betting apps.
Among the highlights:
- With his two-way ability, Hunter has helped the Buffaloes overachieve all season and they still have a shot at the Big 12 Championship, even with their loss to Kansas
- Thanks to another strong game from Jeanty, Boise State remains the Group of Five College Football Playoff odds favorite but his odds lengthened from +400 to +600
- While Ward has been the best QB in the country this season and has the Hurricanes ranked highly in the AP Top 25, the upset loss to Georgia Tech in Week 11 seems to have ended his Heisman shot
- Gabriel is the QB of the No. 1 team in the country and a college football championship odds favorite, however, he has next-to-no chance to win at this point
Heisman Trophy favorites 2024
Travis Hunter (-750)
Seven weeks ago, Hunter was my Heisman candidate to watch at +1800. Then his odds shortened drastically to +300, and it felt inevitable that he'd be in New York City as a finalist for college football's top honor.
However, Hunter exited Colorado's Week 7 loss to Kansas State and Week 8 win against Arizona due to a shoulder issue. Having played limited snaps by his standards in those games, and lacking splash plays, it looked like his Heisman shot might really be over.
But that's why you should never doubt a player like Hunter. He returned with a vengeance in Week 9 and popped off for 153 yards and two scores on nine receptions against Cincinnati.
Coming out of Colorado's Week 10 bye, he led the Buffaloes to wins over Texas Tech and Utah while totaling 15 touches for 159 yards and two scores with an interception.
While Colorado wasn't able to beat Kansas in Week 13, Hunter wasn't the issue. He had another monstrous game with nine receptions for 125 yards and two scores on offense and seven tackles and a beautiful PBU on defense.
He's now fifth in the country in receptions (82), third in receiving touchdowns (11), seventh in receiving yards (1,036), and top 40 in coverage stops among cornerbacks (nine) while allowing just a 47.1 NFL QB rating, per PFF.
With Hunter looking healthy, I don't see any way he doesn't win it at this point. It will appeal to voters that he's the only true two-way player in the country and arguably the most valuable player in the nation as a top-five wide receiver and cornerback.
Even with a $10 winning bet paying just a $1.33 profit, I think it's the best bet to make. Jeanty wasn't able to keep up his historic pace and now the race appears over.
Best odds: -750 via FanDuel | Implied probability: 88.24%
Ashton Jeanty (+600)
I've been banging the table for Jeanty for months. He was my best Doak Walker bet at +1200 before the season in my college football predictions and best bets.
I had him as my Heisman candidate to watch when he was +4000. He then shot up the board quicker than he finds the end zone on a Saturday, with his odds being as short as +190 a few weeks ago.
That's why I think it was a massive overreaction that he fell from the consensus favorite to No. 4 on the board for a period of time. The odds have fully rebounded now after they dipped despite him leading the Broncos to a win in their most important game of the season against UNLV.
Statistically, it was a "down" game for Jeanty by his standards, but he still managed 128 rushing yards and a score on 33 carries against the Rebels. And he's followed that up with 738 yards from scrimmage and nine touchdowns in his last four games against San Diego State, Nevada, San Jose State, and Wyoming
Jeanty isn't on a Barry Sanders-like pace anymore, but he still has 2,062 rushing yards and 28 total touchdowns through 11 games - both lead all running backs. He didn't even play in the second half of two of those games.
His rushing yards after contact alone (1,512) would put him second in the country in yards, and he's first in forced missed tackles (111).
Jeanty is the best running back in the country, and three months into the season, he looks like a lock to finish second behind Hunter. Although this price pays a $75 profit on a $10 winning bet, it's probably not worth considering.
Best odds: +750 via BetMGM | Implied probability: 11.76%
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Cam Ward (+1200)
Ward went from +2000 to as short as +350 to win the Heisman before the emergence of Gabriel and Jeanty. His odds then lengthened to +650 before shortening to +185 and then lengthening to this price ... that should tell you all you need to know about the volatility of this market.
Miami had been playing with fire during a wild stretch in which Ward led multiple comeback wins, maybe none more impressive than his Week 10 performance against Duke. That caught up to the Hurricanes in Week 11 with the Yellow Jackets beating them 28-23 despite Ward throwing for 348 and three scores.
While it was an ugly loss to an unranked team that ended with Ward being strip-sacked, it's hard to believe his odds are now this long. Miami is still in position to reach the ACC Championship and potentially the CFP, but that's just how good Hunter and Jeanty have been.
While the Hurricanes clearly have issues as a whole, Miami remains in the playoff race thanks to Ward's heroics. It feels like he has a Heisman moment almost every week at this point.
He ranks first in the country in passing touchdowns (34), second in passing yards (3,774), and third in big-time throws (26). He also has Miami ranked first in SP+ on offense.
Backing Ward at any point this season probably stings now because he was the favorite for two different stretches of the season. But even with a $10 winning bet paying a $140 profit, he doesn't have a chance against Hunter's special season.
Best odds: +1400 via DraftKings | Implied probability: 6.67%
My Heisman Trophy candidate to watch
Will Howard (+40000)
There's almost no point in backing any player other than Hunter with so little season left. And I wouldn't recommend considering players outside of Hunter, Jeanty, and Ward, but if you're looking to for a long shot, the play is Will Howard.
The Ohio State QB has knocked off two top five teams this season - Penn State and Indiana - and he's been playing his best football as of late. Plus, the Buckeyes are the favorites to win the title.
While Gabriel is an obvious other option outside of the top three, his best odds pay just a $660 profit on a $10 winning bet. Howard's pay a $5,000 profit on a $10 bet and his numbers are better than Gabriel's this season.
The Kansas State transfer has accounted for 33 total touchdowns and he's second in the country in completion percentage (74%) and third in QB rating (180.5). His efficiency has been especially impressive with the eighth-best adjusted completion rate in the country (79%).
So if you really want to swing for the fences, I think Howard's the play. But nobody is going to beat Hunter, anyway.
Best odds: +50000 via BetMGM | Implied probability: 0.20%
Shedeur Sanders Heisman Trophy odds
+40000
The presence of Hunter is the biggest reason why Sanders won't even be a Heisman finalist. And it doesn't help that Colorado probably won't be in the College Football Playoff while the other top contenders will be.
So, no matter how long these odds get, and regardless of how well Sanders is playing, I'd have a hard time confidently betting on him to win the Heisman.
Even as the Buffaloes continue to prove doubters wrong and overachieve, it's hard to imagine Sanders ever surpassing Hunter. And this price reflects that because even with Colorado winning and Sanders playing well, the odds haven't seen much movement over the last few weeks.
While he's sixth in the country in big-time throws this season (22) and has logged only five turnover-worthy plays with an adjusted completion rate of 81.9%, Colorado is still outside the top 25 in SP+.
Don't waste your time backing him. If Sanders somehow does win, a $10 bet pays a $5,000 profit.
Best odds: +50000 via FanDuel | Implied probability: 0.20%
How to bet on the Heisman Trophy
Betting on Heisman Trophy odds is pretty straightforward. Start by choosing a reputable sportsbook that offers Heisman futures.
Look at the odds for different players; for example, if Carson Beck is at +400 and Shedeur Sanders is at +800, Beck is more favored to win. Decide how much you want to wager and place your bet. If you put $100 on Beck at +400 and he wins, you’ll get $500 back ($400 profit + $100 stake).
Follow player performances throughout the season to track how your bet is doing.
But why do odds change in future markets? It’s all about performance and perception. If a player excels or underperforms, their odds will adjust. Injuries to the player or competitors can significantly impact their Heisman chances.
The success of the player’s team can also influence their odds. Public betting trends are important too; if many people are betting on a particular player, sportsbooks might change the odds to manage their risk.
Expert analysis and predictions can also sway betting patterns and odds. Understanding these factors can help you make more informed bets and possibly catch some favorable odds shifts.
How to read Heisman Trophy odds
When reading Heisman Trophy odds, the odds are typically displayed in formats like +300 or -150.
Positive odds (e.g., +300) indicate how much profit you’d make on a $100 bet. For instance, a $100 bet at +300 odds would win you $300, plus your original $100 stake, totaling $400. Negative odds (e.g., -150) show how much you need to bet to win $100. So, a $150 bet at -150 odds would win you $100, plus your $150 stake, totaling $250.
These odds also reflect the implied probability of a player winning the Heisman Trophy. Lower odds (e.g., +200) suggest a higher chance of winning, while higher odds (e.g., +1000) indicate a lower chance. Sportsbooks adjust these odds based on various factors, including player performance, injuries, team success, and betting patterns.
For example, if Quinn Ewers has +300 odds and Will Howard has +800 odds, Ewers is considered more likely to win. If you bet $100 on Ewers and he wins, you’d get $400 back ($300 profit + $100 stake).
Heisman Trophy odds over time
Odds via DraftKings.
| Player | Opening odds (March 30) | Oct. 7 | Nov. 24 |
|---|---|---|---|
| Ashton Jeanty | OFF | +225 | +650 |
| Carson Beck | +800 | +2500 | +25000 |
| Quinn Ewers | +800 | +2000 | +25000 |
| Dillon Gabriel | +800 | +1500 | +5000 |
| Jalen Milroe | +800 | +1100 | +25000 |
| Nico Iamaleava | +1100 | +3500 | OFF |
| Will Howard | +1400 | +6500 | +20000 |
| Garrett Nussmeier | +1500 | +4500 | OFF |
| Jaxson Dart | +2000 | +1800 | +25000 |
| Brady Cook | +2000 | +20000 | OFF |
| Conner Weigman | +2000 | +12000 | OFF |
| Jackson Arnold | +2000 | OFF | OFF |
| Riley Leonard | +2000 | +8000 | OFF |
| Cam Ward | +2000 | +400 | +1400 |
| Noah Fifita | +2500 | +25000 | OFF |
| Shedeur Sanders | +2500 | +3500 | +25000 |
| Cade Klubnik | +3000 | +1600 | +25000 |
| DJ Uiagalelei | +3000 | OFF | OFF |
| Miller Moss | +3000 | +7500 | OFF |
| Travis Hunter | +3500 | +300 | -800 |
| Jalon Daniels | +4000 | OFF | OFF |
| Ollie Gordon II | +4000 | OFF | OFF |
| Quinshon Judkins | +4000 | +13000 | OFF |
| Trevor Etienne | +4000 | +30000 | OFF |
| Avery Johnson | +5000 | +8000 | OFF |
| Cam Rising | +5000 | OFF | OFF |
| Drew Allar | +5000 | +4000 | +25000 |
| Jayden Maiava | +5000 | OFF | OFF |
| Luther Burden | +5000 | +13000 | OFF |
| TreVeyon Henderson | +5000 | +20000 | OFF |
| Will Rogers | +5000 | +25000 | OFF |
Heisman Trophy odds history
| Year | Name | Preseason odds |
|---|---|---|
| 2023 | Jayden Daniels, QB, LSU | +1000 |
| 2022 | Caleb Williams, QB, USC | +600 |
| 2021 | Bryce Young, QB, Alabama | +800 |
| 2020 | Devonta Smith, WR, Alabama | +10000 |
| 2019 | Joe Burrow, QB, LSU | +4000 |
| 2018 | Kyler Murray, QB, Oklahoma | +3000 |
| 2017 | Baker Mayfield, QB, Oklahoma | +1000 |
| 2016 | Lamar Jackson, QB, Louisville | +10000 |
| 2015 | Derrick Henry, RB, Alabama | +2500 |
| 2014 | Marcus Mariota, QB, Oregon | +425 |
| 2013 | Jameis Winston, QB, Florida State | +600 |
Heisman Trophy winners by position
| Position | Heisman Trophy winners |
|---|---|
| Running back | 40 |
| Quarterback | 38 |
| Wide receivers | 4 |
| Tight end | 2 |
| Fullback | 2 |
| Halfback | 2 |
| Cornerback | 1 |
Heisman Trophy FAQs
Who are the Heisman Trophy favorites?
Colorado's Travis Hunter is the favorite to win the Heisman. His shortest odds (-1000) imply a 90.91% probability he'll win, according to our odds calculator.
Who won the Heisman Trophy last year?
LSU's Jayden Daniels secured the 2023 Heisman Trophy, becoming the 89th winner of the award.
When will the Heisman Trophy be decided?
The 2023 Heisman Ceremony took place on Dec. 9, when Daniels was announced as the award winner after his record-setting season at LSU.
Where will the Heisman Trophy ceremony take place?
The 2023 Heisman Ceremony took place at Jazz at Lincoln Center’s Appel Room in New York City. The venue has hosted each of the last three Heisman Trophy presentations.
College football odds pages
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| Heisman Trophy Odds | Big Ten Odds | Pac-12 Odds | |
| College Football Playoff Odds | Mountain West Odds | ACC Odds |
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