2023 Heisman Trophy Betting Odds

When it comes to betting on college football, the possibilities are endless.

Aside from betting on weekend games, bettors can also place a wide variety of futures bets.

One such futures wager that is favored by football bettors is betting on the winner of the Heisman Trophy.

The Heisman Trophy is given to the best college football player during the regular season.

Players such as Herschel Walker, O.J. Simpson, and Cam Newton have all won the award in their formative years, so it’s a good indicator that a player may have a stellar professional career later on.

With different talents emerging each year, predicting the winner of the award isn’t as straightforward as many bettors may think, which just adds to the fun of betting on the award.

There are a few strong contenders for the Heisman Trophy this year. We’re going to cover the favorites and the contenders for the award, so be sure to read on.

How Is The Winner Decided?

The winner of the trophy is decided via a voting process. The Heisman Memorial Trust sends electronic ballots to members of the media and former Heisman Trophy winners.

The bulk of the voters are journalists who cover college football in six different regions. These regions are: The Far West, Southwest, Mid-Atlantic, Northeast, South, and Midwest.

There are 145 media voters from each region, making up a total of 870 media voters. Aside from journalists and former winners, fans are also awarded 1 vote.

The voters (the media and the former winners) then get to select their three best regular-season players. There are no restrictions on who the voters can vote for, just as long as the player plays college football at any level.

A first-place vote is equivalent to three points, a second-place vote is equivalent to two, while a third-place vote allows a single point to the chosen player.

Of course, the player who receives the bulk of the votes wins the Heisman Trophy.

A list of finalists—typically between three to six finalists—is revealed a few days before the Heisman Trophy Ceremony.

The winner of the trophy is then announced during the ceremony, which usually takes place in December just before the postseason bowl games begin.

2023 Heisman Trophy Betting Odds Report

Caleb Williams won the 2022 Heisman trophy, and the QB is favored at most sportsbooks to go back-to-back.

As expected, most of the favorites are signal-callers, given that 10 of the last 12 winners have been quarterbacks, further showing why Williams is the clear favorite.

If you want to back a non-QB, Nick Singleton (RB) and Marvin Harrison Jr. (WR) are the ones favored the most by the bookies.

However, they have high odds of +3500 and +4500, respectively, on most betting sites, so it seems like the QB trend is expected to carry on.

So, who do the bookies favor going toe to toe with Caleb Williams? Let’s find out!

The Favorites

Caleb Williams

After winning the Heisman trophy in 2022, USC’s Caleb Williams will be targeting a repeat.

Only Archie Griffins has ever won back-to-back awards, back when the Ohio State RB did so in 1974 and 1975.

So despite being the bookies’ favorite, Williams still has a massive task on his hands.

The QB was impressive in USC’s 2022 season, accumulating the most passing touchdowns (42) and led the Trojans all the way to the Pac-12 championship game after an almost unbeaten 8-1 conference record.

Williams got 2,031 votes (72.87% of the vote), beating Texas Christian’s Max Duggan and Ohio State’s C.J. Stroud to earn the top individual title in college football.

Head Coach Lincoln Riley has produced three recent Heisman winners, including Williams, so backing USC’s signal-caller to go back-to-back isn’t a wild thought.

Unsurprisingly, he’s the bookies’ favorite, averaging odds of +350 on most sites.

Drake Maye

North Carolina’s QB, Drake Maye, finished 10th overall in Heisman voting last year after accumulating 42 votes, though he was still deep in contention throughout October and November, even though most of the media focused on the likes of C.J. Stroud and Bryce Young.

This might be a crucial year for Maye, as he’ll want to boost his value ahead of 2024, given that he’s considered one of the top prospects for the 2024 NFL Draft.

And a solid season with the Tar Heels could help him clinch the award or even earn a podium finish.

He’s currently the 2nd favorite behind Caleb Williams, with average odds of around +900.

Bo Nix

After playing for the Auburn Tigers from 2019 to 2021, Bo Nix left to join the Oregon Ducks. The result? A stellar first season with the Ducks.

Most of his key offensive stats shot up. He got 3,593 passing yards, 29 passing touchdowns, and 510 rushing Yards, all of which were career highs.

Nix is the third favorite behind Maye and Williams on most sportsbooks and arguably offers a lot of great value.

SI Sportsbook has priced the Ducks’ signal-caller at +1100 to win the Heisman Trophy.

Cade Klubnik

One game can really change it all.

After taking control of the Clemson offense in the title game against North Carolina, Cade Klubnik’s stock immediately rose, and many sportsbooks had him as an early favorite for the 2023 Heisman trophy.

Coupled with the departure of DJ Uiagalelei, this could really be the year for Cade Klubnik to step out of the shadows and prove his true worth.

If you think he’ll go all the way, you can back him at +1400 to win the Heisman trophy, but we believe that there’s better value in backing the signal-caller to finish in the top 10.

The Contenders

Arch Manning

Unlike other contenders featured here, Arch Manning hasn’t even tossed a ball yet.

Truthfully, he’s just one of the favorites because of the Manning family name and all the fanfare surrounding him.

Still, there are many reasons to back Manning.

He’s a five-star quarterback and the nation’s No. 1 player in the Class of 2023, and given his family’s football pedigree, there’s no reason to doubt that he’ll be a special player for the Texas Longhorns.

Though many sportsbooks have yet to release his odds, we think he’ll be among the top 30 once he sets foot on campus.

Jordan Travis

After his best season yet, Florida State QB Jordan Travis is expected to go from strength to strength in his senior year.

He was influential as he helped FSU notch a 9-win season for the first time in 6 years, with the team finishing just behind the Clemson Tigers, the conference champs.

When it comes to individual stats, he threw for 2,796 yards and had 22 touchdown passes in 2022.

Instead of declaring for the draft, Travis decided to stay at FSU, and he’s one of the favorites for the Heisman award, averaging odds of +1100 on many sportsbooks.

Sam Hartman

After leaving Wake Forest, Sam Hartman will be signal calling for Notre Dame.

Over the last two seasons, Hartman has thrown 77 touchdowns and deserves a spot on this list as one of the most underrated Heisman Trophy candidates.

Bookies have him priced at +1400, which, for us, is more than immense value.

Heisman Trophy Historical Winners

Season	Heisman Trophy Winner	School	Position	No. Of Points Received
2022	Caleb Williams	USC	Quarterback	2,031
2021	Bryce Young	Alabama	Quarterback	2,311
2020	DeVonta Smith	Alabama	Wide Receiver	1,856
2019	Joe Burrow	LSU	Quarterback	2,608
2018	Kyler Murray	Oklahoma	Quarterback	2,167
2017	Baker Mayfield	Oklahoma	Quarterback	2,398
2016	Lamar Jackson	Louisville	Quarterback	2,144
2015	Derrick Henry	Alabama	Running Back	1,832
2014	Marcus Mariota	Oregon	Quarterback	2,534
2013	Jameis Winston	Florida State	Quarterback	2,205
2012	Johnny Manziel	Texas A&M	Quarterback	2,029
2011	Robert Griffin III	Baylor	Quarterback	1,687

How To Bet On 2023 Heisman Trophy

Betting on the winner of the 2023 Heisman trophy is extremely easy.

Football bettors need just need to follow these simple steps and sound betting strategies:

1. Log in to your betting account.
2. On the sports menu, select football.
3. Click the “NCAAF Betting Odds” tab.
4. Scroll down till you see the “Heisman Trophy Winner” market.
5. Select your pick from the available players.
6. Enter the amount that you wish to wager on the bet-slip window.
7. Confirm and submit your wager.