2026 Heisman Trophy Odds: Best Odds & Betting Favorites to Win
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How to Read Heisman Trophy Betting Odds
There are no trick plays to worry about while reading the lines when it comes to the odds to win the 2025 Heisman. Starting with the favorite, if the best odds show at +750, that means with a $100 bet, the profit is $750. A $100 bet on a +1000 choice would pay out at $1,000, and so on. Find your favorite on the futures market at college football betting apps and put your money down.
Betting on Futures with Heisman odds college football is a straightforward approach. You choose the player you feel will win the award at the end of the college football season, with your winnings if you are right determined by the odds at the time of your bet. All the best online sportsbooks provide odds to win 2025 Heisman. These are the top college football betting promos to grab before making that bet:
Quinn Ewers and the Longhorns ran away with the Big 12 in 2025. Their move to the SEC will provide chances for Ewers to have his Heisman moment in 2025. (Photo by Jay Janner/Gambling Websites Sports)
Heisman Favorites
The Heisman Trophy slate is wiped clean for 2025 with recent winners, Caleb Williams (2022) and Jayden Daniels (2023), off to the NFL. The 2025 Heisman winner will be a first-time winner, meaning that the lone two-time winner, Archie Griffin, will have his record preserved for at least one more season.
Quarterbacks have dominated the award historically with 36 winners, and recent history has only strengthened that trend. Since 2010, 12 of the 14 recipients have been quarterbacks.
Alabama's Derrick Henry (2015) and De'Vonta Smith (2020) are the two outliers in that sample. With that in mind, it makes sense that the early favorites in the 2025 Heisman odds are quarterbacks per the sports betting apps.
Generally speaking, backing a quarterback for a team with the chance to make the College Football Playoff or win the National Title is the best set of parameters to narrow your focus as you hone in on your list of candidates. Jayden Daniels was more of an exception to the rule last season because LSU lost three games along the way, but his numbers were simply too impressive for him to be denied the award.
In the College Football Playoff era, the winners have all played for teams in contention for the CFP. The playoff expansion to 12 teams could make some longshots more lively this year, which is something to consider before placing your Heisman futures.
Here are the current Heisman Trophy Odds for 2025, starting with the favorites:
- Quinn Ewers, Texas (+750) - Ewers returns to the helm of the high-powered Texas offense. He'll have his work cut out for him as Texas makes the leap to the SEC and he loses Adonai Mitchell and Xavier Worthy to the NFL. Still, Ewers is experienced, talented, and plays for a team that will be in playoff contention.
- Carson Beck, Georgia (+750)The current Heisman odds have Beck, Georgia's starting quarterback, as the co-favorite. He is coming off a strong first season and will have the Bulldogs in the National Title conversation.
- Dillon Gabriel, Oregon (+1000) Gabriel is starting over again after two successful seasons at Oklahoma. Now he will be at the helm of a high-powered Oregon offense and with games against Ohio State, Michigan and Washington on the schedule, he will have opportunities for Heisman moments if he can execute.
- Will Howard, Ohio State (+1200) An athletic transfer from Kansas State, Howard adds a rushing threat from the quarterback spot that has been lacking in the Buckeye offense in recent years. He will also benefit from major upgrades in his receiving corps. His odds have moved from +1500 at open to +1200 this spring.
- Nico Iamaleava, Tennessee (+1500) Iamaleava is a wild card among this group as he has just one start under his belt. The 2025 No.2 overall player by the recruiting services is ready to take over a high-powered offense that is tailor-made for huge production from its quarterback. With a grueling SEC schedule on tap, Iamaleava will have a chance to prove his Heisman mettle.
Heisman Underdogs
One thing about preseason odds: Players tend to make a bit of an unexpected jump up the odds chart during the season based on how they perform. So, players who are considered underdogs in July could be favorites by the middle of October.
Last year, targeting the heavy preseason favorite, Caleb Williams (+400) was a misstep as Williams was effectively out of the running halfway through conference play. Meanwhile, Jayden Daniels (+1100 preseason odds) proved to be the right bet as he put up a dominant season that was strong enough to overcome the fact that LSU lost three games.
Heisman Underdog Odds
- Jalen Milroe, Alabama (+1500) Milroe ended the 2025 season with a flurry and his expected return to the Tide will put him in the Heisman conversation. He will have a new coach and offense to work under following Nick Saban's retirement, however, and long odds to win the Heisman Trophy. He opened at +850 but program turmoil has lengthened those odds.
- Jaxson Dart, Mississippi (+1500) Dart enters his third season as Mississippi's starter and the Rebels' success in the transfer portal will surround him with an excellent supporting cast in 2025.
- Garrett Nussmeier, LSU (+1800) Nussmeier has big shoes to fill as the successor to 2025 Heisman Trophy winner, Jayden Daniels. In limited action, Nussmeier has completed 59 percent of his passes with 11 touchdowns and seven interceptions
- Riley Leonard, Notre Dame (+2000) The former Duke quarterback is set to take over at the helm of a Notre Dame program that has been building toward a breakthrough.
- Jackson Arnold, Oklahoma (+2200) Being at the helm of the Oklahoma offense is always a good starting point for considering a Heisman favorite. Arnold is next up for the Sooners after Dillon Gabriel's departure to Oregon.
- Brady Cook, Missouri (+3000) Cook returns after an impressive 2025 season that culminated in a Cotton Bowl win over Ohio State and a No.8 ranking in the final AP Poll.
Heisman Opening Lines
Keep an eye on the Heisman odds because how they look now will almost certainly change less than a month into the season, and favorites could go from plus-favorites to a minus, which does decrease the payout in the event of a winning wager.
The opening lines provide a glimpse into the top players expected to compete for the top player in college football heading into the season. The higher the number indicates those who are the favorites, while the lower the number would be considered underdogs. As an example, a $10 bet on Quinn Ewers at +750 odds would return $75 but a $10 on Clemson's Cade Klubnik would pay out $300 given his +3000 odds.
Georgia's Carson Beck opened as one of the favorites for the 2025 Heisman Trophy after a strong first season as the Bulldogs' starter. (Photo by Brett Davis/Gambling Websites Sports)
How to Choose the Best Odds to Win Heisman Trophy
Determining the best odds to win 2025 Heisman Trophy often comes down to which outlet will provide just a little bit more. Most of the oddsmakers, particularly before the season starts, offer comparable odds. But some will provide a better sign-up bonus, while others offer bet boosters that can increase your winnings.
Consistency
When looking at who to back in 2025 Heisman odds, look for a consistent performer who has some marquee matchups in the second half of the season. While a few huge weeks by a player might force some movement in Heisman Trophy odds, voters like to see consistent greatness - especially against great teams. Putting up monster numbers against weak teams will not lead to a winning ticket for you; but big performances on the game's biggest stages, backed by week-in and week-out strong play usually leads to an invite to the Heisman Trophy ceremony.
Choose the Best Sportsbooks
When it comes to perusing the variety of sportsbooks, most will offer similar odds, but that doesn’t mean they are all the same. You can find some better return value on a win with just a slight difference in the odds if you look around and find the right place to make your wager. And each sportsbook offers different sign-up incentives, so look around and find your fit to make your bet on the 2025 Heisman Trophy winner.
You can sign up for as many welcome offers and sportsbooks as you like, allowing for odds shopping when betting on 2025 Heisman odds.
For those located in Kentucky, the Bluegrass State officially launched sports betting in September of 2025. Stay in the know on the latest Kentucky sports betting info, including the best Kentucky sportsbook promos.
Betting Options
When there are more operators in the marketplace, it’s already a win for consumers as sportsbooks are offering odds boosts and hundreds of markets for betting on college football, above and beyond Heisman Trophy betting odds.
And then there are the welcome offers. From bonus bets as soon as you sign up to first-bet protection and rewards credits, there are plenty of options to choose from before making your selections for the 2025 Heisman Trophy. We’ve selected some of the best introductory offers available and outlined them below.
Where to Find the Best Heisman Odds
Now is the best time to lock in your wagers for the 2025 Heisman Trophy winner with the preseason odds. And trying to find the best odds might come down to which of the sportsbook promo codes fits best for you. We’ve selected the top offers available and outlined the incentives they provide, utilizing the specific promo codes unique to each sportsbook.
1. BetMGM
The King of Sportsbooks provides one of the best introductory offers for first time account holders. The BetMGM first-bet offer using the BetMGM bonus codeprovides a First Bet offer worth up to $1,500.
BetMGM offers a plethora of parlay opportunities and runs event promotions throughout the year as well. From single-game betting opportunities, including the first week of the college football season, to odds on conference winners, odds boosts and more, BetMGM has you covered.
Football fans located in Kentucky can now take advantage of the BetMGM Kentucky bonus code which gets new customers a great welcome offer.
The same is true for fans in North Carolina as North Carolina betting promos are now available. The BetMGM North Carolina bonus code gets new players $150 in bonus bets.
2. Caesars Sportsbook
Nobody else welcomes new account holders like Caesars Sportsbook, as the Caesars Sportsbook promo codefeatures a first-bet offer worth up to $1,000 on Caesars. Should your first bet be graded as a loss, Caesars credits your account with a bonus bet equal to your initial wager.
Caesars also has the option for in-game parlay wagering, referral bonuses when a friend signs up and profits boosts that give the chance to put more money in your pocket. Caesars gives you the chance to start a solid foundation to get rolling as you keep an eye on the Heisman betting odds throughout the college football season.
3. Fanatics Sportsbook
You can land up to $1,000 in bonus bets with the Fanatics Sportsbook promo code welcome offer. You'll get up to $100 a day for the first 10 days after you open your new account. To participate, you must place a qualifying wager of $5 or more on any market with odds of -200 or longer each day. Once that bet settles, you will receive a bonus bet equal to the amount of your wager, up to $100.
4. DraftKings
From prop bets, futures market and straight money lines, DraftKings provides everything you need at your fingertips. The 2025 Heisman odds are worth watching throughout the season as the preseason favorites tend to fade, giving way to the underdogs to climb into the race.
And when you use the DraftKings promo code BET NOW link below when opening a new account, you can get $150 in bonus bets instantly.
Football fans in North Carolina will be able to cash in on the DraftKings North Carolina promo code for $250 in bonus bets instantly after making a first bet of at least $5.
5. FanDuel
FanDuel changes its offer more than just about other online sportsbook. Its newest promo gives new bettors $200 in bonus bets with the FanDuel promo code after they deposit at least $10 and make an initial winning real money wager of at least $5. Additionally, FanDuel has daily profit boosts for all customers.
The FanDuel North Carolina promo code is now available for college football fans in NC.
6. BetRivers
Some of the best college football Heisman odds are with BetRivers, who have the odds that will pay you more when choosing your favorite to win the Heisman Trophy. If insurance on parlay bets is your thing, BetRivers has them aplenty on parlay wagers placed on baseball, tennis and golf, too. And new users who sign up using the BetRivers promo code get a second-chance bonus bet if their first bet comes back as a loss, equal to your initial wager up to a maximum of $500.
The bonus bet ceiling does vary by state, so be sure to check where you are located. Bonus bets do have a -200 odds requirement.
7. ESPN BET
College football fans can now get in on the action at ESPN BET. Simply sign up using the exclusive ESPN BET promo code TODAY and receive $150 in bonus bets after making an opening wager. For example, make a $10 bet on the Heisman, and win or lose, the bonus bets are yours.
New users must use the exclusive code at signup in order to receive the introductory bonus.
The bonus bets do not have cash value on their own but any winnings from the bonus bets will be credited to your account and can be withdrawn as real money. All bonus bets expire seven days from issuance.
How to Bet on College Football Heisman Odds
Getting set up to take advantage of the preseason Heisman Trophy odds takes just a few minutes and can be done in a few simple steps. If you are new to betting and want to know more, you can also check out our guide on how to bet on college football.
The first step is to choose which sportsbook you want to join and follow the steps outlined below.
- Find your preferred offer and click on the green BET NOW button that will take you to a landing page to get started.
- Provide some basic information to set up a new account before moving on to the next step. Make sure the right promo offer is entered in the box to receive your welcome offer.
- Make the required minimum deposit (generally no more than $20 and sometimes as little as $5) using any of the available banking options.
- Your account is set up, and you are ready to choose your 2025 Heisman Trophy winner.
States With Heisman Trophy Betting
While not every state has issued licenses for online betting, more than half of the U.S. has some form of online wagering available. Kentucky betting apps and North Carolina betting apps are now live and will be ready for Heisman betting this season:
Get the Best Heisman Trophy Odds Today
You’ve already taken the first step toward placing your bets on who will be handed the Heisman Trophy in December by reading to this point. You have an idea of how the odds work, how they can fluctuate throughout the season and know the favorites as well as some of the long shots.
Now there is just one more step to complete the process – sign up for a new account at any, or all, of the licensed and legal sportsbooks we've recommended. They all offer something a little different for you to choose from, so find what fits you best and sign up today!
2026 Heisman Trophy Odds FAQs
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