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Oregon quarterback Dillon Gabriel throws the ball during the Oregon Ducks’ spring game at Autzen Stadium in Eugene, Ore. Gabriel leads the Heisman Trophy odds.
Oregon quarterback Dillon Gabriel throws the ball during the Oregon Ducks’ spring game at Autzen Stadium in Eugene, Ore. Photo by Ben Lonergan/The Register-Guard /USA TODAY NETWORK via Imagn.

Surely fans across the country are chasing the Heisman Trophy as they dive into EA Sports College Football 25. But could the release of the game actually shake up the Heisman Trophy odds?

Well, since it became available, Oregon's Dillon Gabriel has moved up to the favorite or co-favorite at all five of our best college football betting sites. The Oklahoma transfer is certainly positioned to be in the conversation for the most prestigious award in sports.

However, Gabriel's only the fourth-highest-rated quarterback in CFB25. And both Georgia's Carson Beck and Texas' Quinn Ewers rank above him virtually, so could they take home the hardware over him while leading two of the college football championship odds favorites?

With Oregon, Georgia, and Texas all looking like locks by the College Football Playoff odds, all three quarterbacks will have the spotlight on them throughout the season. But when I played CFB25 for 24 straight hours, it was Colorado's Shedeur Sander who ended up winning the Heisman in my dynasty mode - he's the highest-rated QB in the game after all.

Between the 12-team playoff and conference realignment, more quarterbacks than ever are in a situation where they're capable of competing in what might be one of the most interesting Heisman Trophy races of the last decade.

Heisman Trophy odds

Heisman Trophy odds from our best sports betting apps as of July 18 | 🔥 = best odds | ❄️ = worst odds

Name  DraftKingsFanDuel BetMGMCaesarsbet365
Dillon Gabriel+800 🔥+700+750+650 ❄️+750 
Carson Beck+800 +750+750+650 ❄️+800
Quinn Ewers+1000+1000 +1000+750 ❄️+900 
Jaxson Dart+1400+1400+1500+1100 ❄️+1600 🔥
Will Howard+1500+1400+1300+1500 +1200 ❄️
Jalen Milroe+1500 🔥+1400+1000 ❄️+1100 +1200
Nico Iamaleava+1800 🔥+1400+1500+1400 +1600
Garrett Nussmeier+2200 🔥+1800+1800+1400 ❄️+1600
Cam Ward+2200 🔥+1800+2000+1800 +2000
Riley Leonard+2500 +2000 +2000+2000+2500
Shedeur Sanders+3500+4000 🔥+3000+2000 ❄️+2500

Heisman Trophy favorites

Dillon Gabriel (+800)

If Oregon can take the version of Bo Nix we all saw at Auburn and turn him into the 12th overall pick in the NFL draft, as well as a Heisman finalist, then Gabriel could be in for a massive year.

Ducks' head coach Dan Lanning is a talent acquisition maestro and managed to replace the most experienced QB in college football history with the most experienced active QB in the sport. Gabriel brings nearly 15,000 career passing yards and 152 total TDs from UCF and Oklahoma to Eugene.  

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The analytics back him up, too. Gabriel and Jayden Daniels were the only two passers with an ADOT over 10 and an adjusted completion percentage of at least 78% last season, per PFF. Clearly, bettors are catching on, with Gabriel quietly surpassing Ewers and even Beck at a few of our best sports betting sites.

It makes sense given Gabriel just put up 42 total touchdowns at Oklahoma while making more big-time throws (21) than both Beck and Ewers. If he can put up similar numbers to Nix's from last season, he'll be in New York for the Heisman ceremony.

The question is how quickly will Gabriel adapt to offensive coordinator Will Stein's offense, but it sure helps that he inherits star wide receiver Tez Johnson and Texas A&M transfer Evan Stewart. A $10 bet on Gabriel pays an $80 profit if he wins the Heisman.

Best odds: +800 via DraftKings | Implied probability: 11.11%

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Carson Beck (+800)

The only clear-cut first-round quarterback returning to college football this season, Beck is an obvious Heisman contender. He's viewed as a potential No. 1 pick by the 2025 NFL Draft odds and he helped lead Georgia to a 13-1 record in his first season as a starter.

While he's not as dynamic of a QB as Caleb Williams and Daniels, Beck is an efficient pocket passer and helped the Bulldogs score the fifth-most points per game in the country last season (40.1).

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He was one of just six QBs in the country last year to have an ADOT of 8.5 or more yards and an adjusted completion percentage of 77.5% or better, per PFF (minimum 300 dropbacks). The other QBs to hit those numbers with Beck were the last two Heisman winners (Daniels, Williams), first-round pick J.J. McCarthy, the potential No. 1 pick in 2025 (Sanders), and Gabriel.

It helps to be a household name during a Heisman campaign, too. Beck is one of the more well-known passers in the sport, plus he's playing for the SEC Championship odds favorite. And even though he lost Brock Bowers and Ladd McConkey to the NFL, Georgia is still obviously full of talent.

Kirby Smart added Trevor Etienne, Colbie Young, and London Humphreys in the transfer portal and receivers Dominic Lovett, Dillon Bell, and Rara Thomas are all back in Athens. That's why a $10 bet paying an $80 profit might be the best bang for your buck among the favorites.

Best odds: +800 via DraftKings | Implied probability: 11.11%

Quinn Ewers (+1000)

There may be no more challenging Heisman hopeful to get a read on than Texas' Ewers. He helped the Longhorns come within one play of reaching the College Football Playoff National Championship in his second season as Steve Sarkisian's starting QB.

However, Texas lost a ton of talent to the NFL, including its top four pass catchers and its leading rusher. Can Ewers elevate his play enough to win the Heisman while meshing with the new pieces that the Longhorns brought in via the transfer portal?

I have a hard time believing in him taking that step, unless transfers Isaiah Bond (Alabama) and Matthew Golden (Houston) hit the ground running. For as strong as Ewers was at times last year - throwing for 3,479 yards and 22 scores - he'll need to put up far better numbers to bring home college football's top honor. 

Ewers had just 16 big-time throws last season, according to PFF, which ranked 53rd in the country. To put that number into perspective, Daniels and Williams both had 29 or more when they won the Heisman. And don't forget, Arch Manning is waiting in the wings for Ewers to slip up.

Best odds: +1000 via FanDuel | Implied probability: 9.09%

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My Heisman Trophy candidate to watch

Will Howard (+1500)

Many of the biggest names at QB have transferred at least once during their career in the transfer portal era. Add former Kansas State quarterback Will Howard to that list after he departed Manhattan, Kansas for Columbus, Ohio.

Set to be Ryan Day's new signal caller, Howard might be in the best position of any QB in the country with longer than +1000 odds to rise in the Heisman race. He's set to pilot a loaded offense for the Big Ten Championship odds favorite, and Day has been helping Buckeyes QBs put up gaudy numbers dating back to 2017.

Since then, Day has had three different QBs (Dwayne Haskins, Justin Fields, C.J. Stroud) finish in the top three in Heisman voting. With Howard coming off a season with the Wildcats where he finished with 33 total touchdowns, he's poised to put up even better numbers with the talent around him at Ohio State.

The Buckeyes are tied with Georgia, Texas, and Oregon for having the highest college football projected win totals and have several receivers and running backs with NFL futures including Emeka Egbuka, Quinshon Judkins, and No. 1 recruit Jeremiah Smith.

A $10 winning bet on Howard pays a $150 profit.

Best odds: +1500 via Caesars | Implied probability: 6.25%

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Shedeur Sanders Heisman Trophy odds

Shedeur Sanders (+4000)

A popular "sleeper" in the Heisman race will likely be Sanders at Colorado, although I'm not so sure you can call him a sleeper. He's one of the biggest names in college football and a QB who some believe would have been among the top passers in the 2024 NFL Draft.

After following his dad Deion from Jackson State to Boulder last offseason, Sanders proved to be the main reason the Buffaloes were able to go 4-8 with a pretty much brand new roster.

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With the Pac-12 now dead, Sanders will look to turn Colorado's fortunes around in the Big 12 this season, but the Buffaloes sit near the bottom of the Big 12 Championship odds. Despite the poor record in his first season with the team, he was not at fault as he threw for 3,230 yards and added 31 total touchdowns.

It's pretty clear Sanders is among the most talented quarterbacks returning in 2024, but will the rest of the roster be good enough for him to compete for the Heisman Trophy?

Best odds: +4000 via FanDuel | Implied probability: 2.44%

Heisman Trophy odds over time

Odds via DraftKings.

PlayerOpening odds (March 30)July 5July 18
Carson Beck+800+800+800
Quinn Ewers+800+900+1000
Dillon Gabriel+800+1000+750
Jalen Milroe+800+1400+1500
Nico Iamaleava+1100+1800+1800
Will Howard+1400+1500+1500
Garrett Nussmeier+1500+2000+2200
Jaxson Dart+2000+1500+1400
Brady Cook+2000+3500+3500
Conner Weigman+2000+3000+3000
Jackson Arnold+2000+3000+3500
Riley Leonard+2000+2500+2500
Cam Ward+2000+2200+2200
Noah Fifita+2500+4000+4000
Shedeur Sanders+2500+3500+3500
Cade Klubnik+3000+5000+5000
DJ Uiagalelei+3000+4000+4000
Miller Moss+3000+4000+4000
Travis Hunter+3500+6000+6000
Jalon Daniels+4000+3500+3500
Ollie Gordon II+4000+7500+7500
Quinshon Judkins+4000+7500+7500
Trevor Etienne+4000+9000+9000
Avery Johnson+5000+2500+2500
Cam Rising+5000+4500+4500
Drew Allar+5000+4500+4500
Jayden Maiava+5000+5000+5000
Luther Burden+5000+8000+8000
TreVeyon Henderson+5000+8000+8000
Will Rogers+5000+13000+13000

Past Heisman Trophy winners

YearNamePreseason odds
2023Jayden Daniels, QB, LSU+1000
2022Caleb Williams, QB, USC+600
2021Bryce Young, QB, Alabama+800
2020Devonta Smith, WR, Alabama+10000
2019Joe Burrow, QB, LSU+4000
2018Kyler Murray, QB, Oklahoma+3000
2017Baker Mayfield, QB, Oklahoma+1000
2016Lamar Jackson, QB, Louisville+10000
2015Derrick Henry, RB, Alabama+2500
2014Marcus Mariota, QB, Oregon+425
2013Jameis Winston, QB, Florida State+600

Heisman Trophy winners by position

PositionHeisman Trophy winners
Running back40
Wide receivers4
Tight end2

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 Carson Beck is at +400 and Shedeur Sanders is at +800, Beck is more favored to win. Decide how much you want to wager and place your bet. If you put $100 on Beck 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 Quinn Ewers has +300 odds and Will Howard has +800 odds, Ewers is considered more likely to win. If you bet $100 on Ewers and he wins, you’d get $400 back ($300 profit + $100 stake).

Heisman Trophy FAQs

Who are the Heisman Trophy favorites?

Oregon's Dillon Gabriel and Georgia's Carson Beck are the 2024 Heisman Trophy odds favorites. Their shortest odds are +650, which imply an 13.3% probability they'll win the award, according to our odds calculator

Who won the Heisman Trophy last year?

LSU's Jayden Daniels secured the 2023 Heisman Trophy, becoming the 89th winner of the award.

When will the Heisman Trophy be decided?

The 2023 Heisman Ceremony took place on Dec. 9, when Daniels was announced as the award winner after his record-setting season at LSU.

Where will the Heisman Trophy ceremony take place?

The 2023 Heisman Ceremony took place at Jazz 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

Here are our best college football betting sites:

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