Heisman Trophy Odds & Favorites 2025: Mendoza Favorite After Big Ten Championship Win
Following conference championship weekend, Indiana's Fernando Mendoza is the runaway Heisman Trophy odds favorite.
Mendoza is as short as -3000 to win the Heisman Trophy after leading the Hoosiers to a win over No. 1 Ohio State in the Big Ten Championship. With the win, Indiana clinched the No. 1 seed in the College Football Playoff while taking home its first conference title since the 1960s.
With Heisman Trophy ballots due Monday, Dec. 8, Mendoza's win over the defending champions is expected to be a major factor in Heisman voting. However, Diego Pavia remains a potential long shot, having led one of the biggest turnarounds in college football history at Vanderbilt.
📊 Live Heisman Trophy odds 2025
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📈 Heisman Trophy betting insights
Heisman Trophy betting insights via BetMGM.
| Highest ticket percentage | Highest handle percentage |
|---|---|
| Jeremiah Smith, Ohio State (8.5%) | Ty Simpson, Alabama (15.5%) |
| Arch Manning, Texas (7.2%) | Dante Moore, Oregon (12.1%) |
| Garrett Nussmeier, LSU (5.7%) | Arch Manning, Texas (6.8%) |
| Fernando Mendoza, Indiana (5.7%) | Fernando Mendoza, Indiana (6.7%) |
| John Mateer, Oklahoma (5.6%) | Julian Sayin, Ohio State (5.4%) |
🔢 Heisman Trophy opening odds
Odds via FanDuel.
- Garrett Nussmeier, QB, LSU: +900
- Arch Manning, QB, Texas: +950
- Drew Allar, QB, Penn State: +1100
- Cade Klubnik, QB, Clemson: +1100
- Nico Iamaleava, QB, UCLA: +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 went out to Heisman Trophy voters (930 voters) on Thursday, Dec. 4, with voting opening on Saturday, Dec. 6, at 5 p.m. ET. The deadline to vote is Monday, Dec. 8, at 5 p.m. ET, with the Heisman finalists being announced that day. The finalist will receive invites to the Heisman Trophy ceremony in New York, which is set for Saturday, Dec. 13 at 8 p.m. ET (ABC).
💰 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?
Indiana's Fernando Mendoza is the Heisman Trophy odds favorite. His odds are as short as -3000, implying a 96.77% probability he'll win, according to our odds calculator - Vanderbilt's Diego Pavia (+1500) trails.
What are Arch Manning's Heisman Trophy odds?
Texas QB Arch Manning is no longer listed on the Heisman Trophy oddsboard. But after having odds as short as +700 before the season, Manning's odds were as long as +50000 before being pulled.
Who won the Heisman Trophy last year?
Colorado's Travis Hunter was named the 2024 Heisman Trophy winner. His preseason odds were +3500.
When will the Heisman Trophy be decided?
The 2025 Heisman Trophy ceremony will be Saturday, Dec. 13, at 8 p.m. ET on ESPN.
Where will the Heisman Trophy ceremony take place?
The 2025 Heisman Trophy ceremony will take place at Lincoln Center’s Appel Room in New York City. The venue has hosted each of the last three Heisman Trophy presentations.
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