Heisman Trophy Odds & Betting Favorites to Win (June 2025)

The college football season is going strong and the Heisman odds have begun thin out the contenders and pretenders. This year could be one of the closest Heisman races in this award’s history as there were no clear-cut favorites entering the season. This review will take a look at the Heisman odds for the 2024 college football season. 

How to Read Heisman Trophy Betting Odds

It’s easy to read the lines for the odds to win the 2024 Heisman Trophy. Let’s say the favorite is listed at +600 odds. This means if you place a $100 bet on this, your profit with a winning wager is $600. Make those odds +1000 and a successful $100 bet will pay out $1,000. You can locate your favorite Heisman wager on the futures market at college football betting apps, and once you make that call, it’s easy to place your bet.

Making one of those futures wagers on the Heisman odds college football is a direct process, as you select whichever player you believe will claim this award at the conclusion of the upcoming college football season. Your potential winnings level if you are correct in your assessment will be determined by the odds at the time of your bet. Each of the best online sportsbooks list odds to win the 2024 Heisman. To help you make those bets, here are the best sportsbook promos to claim prior to placing those wagers.

Colorado wide receiver/cornerback Travis Hunter pulls in at touchdown against Oklahoma State last week at Folsom Field. (Ron Chenoy / Imagn Images) 

🤑Heisman Favorites

The Heisman Trophy slate began fresh this season, as the 2022 (Caleb Williams) and 2023 (Jayden Daniels) winners have made their way to the NFL. This means the 2024 Heisman winner will be a first-time recipient of this award, so Archie Griffin, the Ohio State legend from the 1970s, will retain his honor of being the only two-time winner of this award for at least one more season.

The smart play here is for a quarterback to win, as that position has 36 winners. Recent history has only made that trend even more prevalent, as since 2010, 12 of the 14 Heisman Trophy recipients have been quarterbacks.

Two of the notable outliers in that recent sample are Alabama's Derrick Henry (2015) and De'Vonta Smith (2020). Keeping those facts in mind, it’s no surprise that the early favorites in the 2024 Heisman odds are quarterbacks per the best sports betting apps.

Percentage Plays

For those looking to make percentage plays, backing a quarterback for a team with the chance to make the College Football Playoff or win the national title are the ideal factors to help you focus on your preferred list of candidates. Last year’s winner, Jayden Daniels, was a rare exception to this rule, as the LSU Tigers lost three games during the 2023 campaign, but his stats and achievements were just too impressive to deny him the award. 

Do note that during the College Football Playoff era, every Heisman Trophy winner has been on a team that is in strong contention for the national championship. That may change with this year’s playoff expansion to 12 teams, as adding these additional CFP contenders could make longshot Heisman candidates more viable options to consider before placing your Heisman futures.

Here are the current Heisman Trophy odds for 2024, beginning with the favorite:

• Travis Hunter, WR/CB, Colorado: -5000

Heisman Underdogs

Players can make unexpected moves up the odds chart during the season based on strong on-field performances. This is especially true early in the season, so players who are considered underdogs in September could be Heisman favorites by the middle of October.

Something like this occurred in the 2023 season, as Caleb Williams was the heavy preseason favorite at +400 odds, but Williams was effectively out of the Heisman running halfway through conference play. By contrast, Jayden Daniels, who had +1100 odds entering the season,  showed that he was the right bet by posting an incredible season that was more than enough to overcome the fact that LSU lost three games.

Heisman Underdog Odds

• Ashton Jeanty, RB, Boise State: +1000
• Cam Ward, QB, Miami: +25000
• Dillon Gabriel, QB, Oregon: +25000

Heisman Opening Lines

It’s worth keeping an eye on the updated Heisman odds because these are all but guaranteed to change throughout the 2024 season. This means current favorites could go from being listed at plus odds (with the corresponding high payouts) to being prohibitive favorites at minus odds, a trend that would notably decrease the payout for a winning wager.

🧐 How to Choose the Best Odds to Win Heisman Trophy

There are many ways to find the best odds to win 2024 Heisman Trophy. In many cases it’s just a matter of doing a bit of searching to find which of the top online sportsbooks are providing the best Heisman odds on a particular candidate. Many oddsmakers provide comparable odds in the run to the regular season, so you may choose to go with a sportsbook that delivers a stronger sign-up bonus (although you can sign up for multiple sports betting apps to get even more sign-up bonuses). You can also target sports betting sites that provide bet boosts that can increase your winnings if you pick the 2024 Heisman Trophy winner.

Consistency

The Heisman Trophy voters have shown over the years that they prefer a consistent performer who has strong performances versus marquee matchups in the second half of the season. All it takes is one subpar showing versus a great team and that contender might be moved down the voters list. These voters also don’t put much stock in posting dominant numbers versus overmatched foes, as that type of performance is expected to be par for the course, so put your stock in those players who can go toe-to-toe versus the best college football has to offer.

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 2024 Heisman Trophy winner.

You can sign up for as many welcome offers and sportsbooks as you like, allowing for odds shopping when betting on 2024 Heisman odds.

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 picks to win the 2024 Heisman Trophy. We’ve selected some of the best introductory offers available and outlined them below.

🧐 How to Choose the Best Odds to Win Heisman Trophy

There are many ways to find the best odds to win 2024 Heisman Trophy. In many cases it’s just a matter of doing a bit of searching to find which of the top online sportsbooks are providing the best Heisman odds on a particular candidate. Many oddsmakers provide comparable odds in the run to the regular season, so you may choose to go with a sportsbook that delivers a stronger sign-up bonus (although you can sign up for multiple sports betting apps to get even more sign-up bonuses). You can also target sports betting sites that provide bet boosts that can increase your winnings if you pick the 2024 Heisman Trophy winner.

Consistency

The Heisman Trophy voters have shown over the years that they prefer a consistent performer who has strong performances versus marquee matchups in the second half of the season. All it takes is one subpar showing versus a great team and that contender might be moved down the voters list. These voters also don’t put much stock in posting dominant numbers versus overmatched foes, as that type of performance is expected to be par for the course, so put your stock in those players who can go toe-to-toe versus the best college football has to offer.

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 2024 Heisman Trophy winner.

You can sign up for as many welcome offers and sportsbooks as you like, allowing for odds shopping when betting on 2024 Heisman odds.

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 2024 Heisman Trophy. We’ve selected some of the best introductory offers available and outlined them below.

3. Fanatics Sportsbook

The Fanatics Sportsbook promo gives new customers who open an active account their choice of welcome offers depending on which state they're in. 

• In MI, PA, NJ, AZ, the offers are Bet $30, Get $300 In Bonus Bets or Bet And Get Up To $1,000 In No Sweat Bets;
• In CO, CT, IL, IN, LA, MA, MD, NC, OH, TN, VA, WV, the offers are Bet $10 Get $100 in Bonus Bets or Bet And Get Up To $1,000 In No Sweat Bets; 
• In DC, IA, KS, KY, VT, WY, the offers are Bet $20 Get $50 in Bonus Bets or Bet And Get Up To $1,000 In No Sweat Bets;
• In NY, the offer is Bet $10 Get $20 In Bonus Bets only.

Fanatics Sportsbook bonus bets can be broken up into as many smaller bets as you would like but cannot be combined. They expire seven days from the day of issuance and carry a 1X playthrough. 

4. DraftKings

From prop bets, futures market and straight money lines, DraftKings provides everything you need at your fingertips. The 2024 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 a Bet $5, Get $300 in Bonus Bets if Your Bet Wins offer. These bonus bets are awarded as 12 $25 bet credits, expire in seven days and have a 1X playthrough.

5. Bet365

The bet365 bonus code USATODAY earns you a bet $5, get $150 in bonus bets deal when creating a new account. Just sign up and make a minimum deposit of $10. Then activate the offer by making a first bet of at least $5. You'll get $150 in bonus bets. 

6. 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 $5 and make a winning first bet of at least $5. Bettors in Arizona, Colorado, Kansas, North Carolina and Tennessee get the $200 in bonus bets regardless of the outcome of their first bet. 

Additionally, FanDuel has daily profit boosts for all customers.

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 TODAY to get a Bet $10, Get $100 in Bonus Bets welcome offer. 

New users must use the exclusive code TODAY at signup in order to receive either introductory bonus.

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.

1. Find your preferred offer and click on the green BET NOW button that will take you to a landing page to get started.
2. Provide some basic information to set up a new account before moving on to the next step. Make sure the right promo code is entered in the box to receive your welcome offer.
3. Make the required minimum deposit (generally no more than $20 and sometimes as little as $5) using any of the available banking options.
4. Your account is set up, and you are ready to choose your 2024 Heisman Trophy winner.

Get The Best Heisman Trophy Odds Today

Now that you know the Heisman Trophy odds and thus have an idea of the favorites and underdogs, you should now be ready to place some wagers on who will win the 2024 Heisman Trophy award in December.

The next step is to sign up for one or more of the online sportsbooks where you can place this type of wager. Each of the sports betting apps listed in this review offer different elements that are designed to appeal to various sports bettors, so it’s just a matter of picking which of these sportsbooks you want to wager at, clicking a promotional link to create a new account, and then signing up so that you can make a bet on the 2024 Heisman Trophy winner today!