Heisman Trophy Odds & Favorites 2025: Nussmeier, Manning Early Favorites
Colorado dual-threat star Travis Hunter became just the fifth non-quarterback in the last two decades to win the Heisman Trophy last year. However, early returns show that signal-callers are expected to dominate the 2025 Heisman Trophy odds field.
LSU's Garrett Nussmeier (+900) opens as the betting favorite to win the award. Other returning starters - such as Penn State's Drew Allar, Clemson's Cade Klubnik, and Tennessee's Nico Iamaleava - are expected to challenge the Tigers' quarterback for the most prestigious individual honor in college football.
Oddsmakers aren't leaving much value on the board for those backing Texas' Arch Manning, either, whose odds of winning the Heisman during his first season as a starter are shorter than 10/1.
Heisman Trophy odds 2025
Heisman Trophy odds favorites 2025
Garrett Nussmeier Heisman Trophy odds (+900)
Two LSU quarterbacks have won the Heisman Trophy in the last six years, and both did it during their second full season as starters. Thus, history suggests Nussmeier's place as the early betting favorite at our best college football betting sites is justified.
The Lake Charles, La., native is a textbook gunslinger. He threw for over 4,000 yards and 29 touchdowns during his junior season, but the downside was his 12 interceptions. If Nussmeier can limit the turnovers and lead the Tigers to the College Football Playoff - both easier said than done - he could find himself in New York for the 2025 Heisman Trophy Ceremony.
Best odds: +900 via FanDuel | Implied probability: 10%
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Arch Manning Heisman Trophy odds (+950)
The expectations for Manning are sky-high in Austin, with Texas listed as one of the early college football championship odds favorites. The highly-touted star got his feet wet last season and looked the part. The redshirt freshman led the Longhorns to 86 points in his two starts (vs. Louisiana-Monroe, at Mississippi State).
Manning inherits all the necessary tools to succeed in 2025 as Texas looks to return to the College Football Playoff. As such, oddsmakers are mitigating their risk early by making him a true contender from the jump.
Best odds: +950 via FanDuel | Implied probability: 9.52%
Cade Klubnik Heisman Trophy odds (+1100)
Klubnik turned a corner last season. His passing touchdowns (36) nearly doubled from the previous year (19), and he threw three fewer interceptions. The Clemson starter's 6:1 touchdown-to-interception ratio was among the best in the nation as he led the Tigers to an ACC title and subsequent College Football Playoff appearance.
Dabo Swinney's men are expected to be in the mix for another national title in 2025, and our best sports betting sites believe Klubnik can make a real splash as one of the most experienced quarterbacks in the country.
Best odds: +1100 via FanDuel | Implied probability: 8.33%
Jeremiah Smith Heisman Trophy odds (+1700)
We can confidently claim that Smith had the best freshman season from a wide receiver since Michael Crabtree in 2007. While the Ohio State wideout (76 receptions, 1,315 yards, and 15 touchdowns) didn't quite match the latter's statistics (134 receptions, 1,962 yards, and 22 touchdowns), he quickly became the go-to target in Chip Kelly's talent-rich offense.
Only two receivers have won the Heisman Trophy since the turn of the century (DeVonta Smith and Travis Hunter), but the good news for Smith is they've both come in the last five seasons. If there's a pass catcher who can win this award, it's the Buckeyes' budding superstar
Best odds: +1700 via FanDuel | Implied probability: 5.56%
Carson Beck Heisman Trophy odds (+1800)
It never seemed to click between Beck and Georgia, which is one of the reasons he has left for greener pastures. Beck will look to use his experience to lead Miami back to glory. If he succeeds, he could earn an invitation to New York, similar to his predecessor, Cam Ward.
The latter is now the favorite to go No. 1 in the upcoming NFL draft odds after a fourth-place Heisman Trophy finish. Thus, Beck has big shoes to fill and even higher expectations ahead of his senior season.
Best odds: +1800 via FanDuel | Implied probability: 5.26%
My Heisman Trophy candidate to watch
Gunner Stockton Heisman Trophy odds (+3300)
Stockton got thrown to the wolves during his first appearances in relief of Beck. The Georgia quarterback faced two of the nation's top-10 total defenses in Texas and Notre Dame. While he wasn't able to overcome the latter in the playoff, he beat the former behind some impressive plays in the SEC Championship Game.
There are a lot of unknowns about Stockton, given we haven't seen much of him. He's one to watch in this market, considering a $10 winning wager at our best sportsbooks would return $330 in profits.
Best odds: +3300 via FanDuel | Implied probability: 2.94%
Heisman Trophy opening odds
Odds via FanDuel as of Jan. 21, 2025.
- Garrett Nussmeier, QB, LSU: +900
- Arch Manning, QB, Texas: +950
- Drew Allar, QB, Penn State: +1100
- Cade Klubnik, QB, Clemson: +1100
- Nico Iamaleava, QB, Tennessee: +1100
- Jeremiah Smith, WR, Ohio State: +1700
- Carson Beck, QB, Miami: +1800
- Julian Sayin, QB, Ohio State: +1800
- Dante Moore, QB, Oregon: +2000
- LaNorris Sellers, QB, South Carolina: +2000
- DJ Lagway, QB, Florida: +2500
- John Mateer, QB, Oklahoma: +2500
- Kevin Jennings, QB, SMU: +3000
- Austin Simmons, QB, Ole Miss: +3000
- Miller Moss, QB, Louisville: +3300
- Gunner Stockton, QB, Georgia: +3300
- Ryan Williams, WR, Alabama: +3500
- Jalon Daniels, QB, Kansas: +4000
- Marcel Reed, QB, Texas A&M: +4000
- Steve Angeli, QB, Notre Dame: +4500
- Jackson Arnold, QB, Auburn: +4500
- Thomas Castellanos, QB, Florida State: +5000
- Sam Leavitt, QB, Arizona State: +5000
- Jeremiyah Love, RB, Notre Dame: +5000
- Jayden Maiava, QB, USC: +5000
- Fernando Mendoza, QB, Indiana: +5000
- Dylan Raiola, QB, Nebraska: +5000
- Kaidon Salter, QB, Colorado: +5000
- Ty Simpson, QB, Alabama: +5000
- Avery Johnson, QB, Kansas State: +6000
- Sawyer Robertson, QB, Baylor: +6000
- Bryce Underwood, QB, Michigan: +6000
- Kyron Drones, QB, Virginia Tech: +7500
- Haynes King, QB, Georgia Tech: +7500
- Devon Dampier, QB, Utah: +8000
- Darian Mensah, QB, Duke: +8000
- Beau Pribula, QB, Missouri: +9500
- Demond Williams Jr., QB, Washington: +9500
- Mikey Keene, QB, Michigan: +10000
- Austin Mack, QB, Alabama: +10000
How Heisman Trophy voting works
The ballots go out to Heisman Trophy voters - 870 media members - in early December, and the deadline to vote is the following Monday. The three or four finalists are announced shortly after as they receive invites to the Heisman Trophy Ceremony in New York.
Heisman Trophy odds will likely be pulled from sportsbooks in the days following the submission deadline.
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 Arch Manning is at +400 and Nico Iamaleava is at +800, Manning is more favored to win. Decide how much you want to wager and place your bet. If you put $100 on Manning 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 Garrett Nussmeier has +300 odds and Carson Beck has +800 odds, Nussmeier is considered more likely to win. If you bet $100 on Nussmeier and he wins, you’d get $400 back ($300 profit + $100 stake).
Heisman Trophy odds history
| Year | Name | Preseason odds |
|---|---|---|
| 2024 | Travis Hunter, WR/CB, Colorado | +3500 |
| 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 | 5 |
| Tight end | 2 |
| Fullback | 2 |
| Halfback | 2 |
| Cornerback | 2 |
Heisman Trophy FAQs
Who are the Heisman Trophy favorites?
LSU's Garrett Nussmeier opens as a slight favorite to win the Heisman. His longest odds (+900) imply a 10% probability he'll win, according to our odds calculator.
Who won the Heisman Trophy last year?
Colorado's Travis Hunter was named the 2024 Heisman Trophy winner.
When will the Heisman Trophy be decided?
The 2024 Heisman Trophy Ceremony took place on Dec. 14 at 8 p.m. ET.
Where will the Heisman Trophy ceremony take place?
The 2024 Heisman Ceremony took place 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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