Las Vegas Sportsbooks finally offer Heisman Winner Odds
Major news out of Sin City: Las Vegas sportsbooks have joined this century and are finally offering odds on the Heisman Trophy winner, a wagering market that has long been a staple at online sportsbooks.
Las Vegas sportsbooks had previously been banned for decades from spreading the popular college football prop bet.
The Nevada Gaming Control board gave Station Casinos the necessary clearance on September 11, and on October 5 the sportsbook opened up the market for wagering.
According Bovada Sportsbook (SBR rating A) manager Kevin Bradley, the amount wagered annually on the Heisman Trophy winner is comparable to the Stanley Cup futures market, and double the amount wagered on the NFL Most Valuable Player (MVP).
The Heisman often goes to the most "popular" player -- and usually a quarterback -- in college football and not the best overall player, but bettors fancy the market nevertheless.
Vegas sportsbooks opened LSU running back Leonard Fournette at +160 odds, meaning a $100 wager returns $160 in profit. Online sportsbook Bovada had Fournette at +1300 entering the season. Fournette has had the most consistent price movement at all major sportsbooks.
Georgia running back Nick Chubb was listed at +700 opening Vegas odds along with TCU quarterback Trevone Boykin. Chubb is no longer a betting option as he suffered what was most likely a season-ending knee injury in a loss to Tennessee in Week 6. Boykin was the +625 favorite at Bovada entering the season. He's now the +800 third-favorite behind Fournette and Baylor quarterback Seth Russell (+650). Russell was a +2500 long shot at Bovada on the eve of the season.
One thing to consider when comparing Vegas betting on the Heisman Trophy and those at online sportsbooks is that Vegas, as part of the NGC's stipulations, will halt betting on Nov. 15. Online sportsbooks will not and some generally offer odds on whether players will be a finalist and make the trip to New York. The Heisman ceremony will take place in the Big Apple on Dec. 12, the Saturday after conference championship weekend.
Sportsbook Review will keep readers posted on notable fluctuations. See all college football futures and prop bets.