2024 Heisman Trophy Futures Odds – How to Bet on the Heisman Trophy

This Heisman Trophy futures guide has the latest odds to win the annual Heisman Trophy Award. Based on our college football futures odds tutorial, you’ll learn everything you need to know to place a Heisman Trophy futures bet. The Heisman Trophy is one of the oldest awards in college sports. The first player to receive the Heisman Trophy was Jay Berwanger in 1935.

This guide also features the best sports betting sites where you can legally place bets in your jurisdiction. Heisman Trophy futures odds will update daily throughout the season, so be sure to bookmark this page and come back after each week’s action has concluded.


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Table of Contents

  1. Heisman Trophy Futures Odds
  2. Heisman Trophy Contenders
  3. What are College Football Futures?
  4. How to Bet
  5. Other College Football Futures Bets
  6. When to Bet
  7. Heisman Futures FAQs

Heisman Trophy Futures Odds

The following are the latest odds to win the Heisman Trophy. Three different groups comprise the total set of all Heisman voters.

The first group, and largest, are 870 sports writers and journalists. 145 voters come from one of six different geographical regions: Northeast, Mid-Atlantic, South, Southwest, Midwest, and Far West.

The second group is former Heisman Winners. It’s much smaller, numbering around 57 voters total. If an underclassmen (Junior or lower) has previously won the award and is still in school, they are eligible to both vote and be a candidate for present season’s Heisman Award. Ohio State’s Archie Griffin is the only player to win the Heisman Trophy twice.

The third and final group is college football fans. The Heisman Trophy’s official partner, Nissan, has one vote. Nissan awards its single vote based on a fan poll conducted at the end of the season.

Odds for each player will change throughout the regular season depending on their performance and health. SportsBetting3.com updates its futures odds multiple times each week throughout the regular season. Return to this page to keep tabs on the players most likely to win awards.

2023 Heisman Trophy Odds

Team
BetRivers Sports Betting BetRivers
Jayden Daniels-1430
Bet
Michael Penix Jr+600
Bet
Bo Nix+1600
Bet
Marvin Harrison Jr+5000
Bet

Heisman Trophy Contenders

Quarterbacks Caleb Williams, Jayden Daniels and Quinn Ewers top the current season’s odds to win the Heisman Trophy. Wide receiver Marvin Harrison Jr is one of the few non-quarterbacks among the top 15 contenders.

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What are College Football Futures Bets?

A futures bet is placed on the outcome of a distant college football event. Your bet wins if you chose the correct outcome. You may bet on more than one outcome at once, however the odds for each outcome will likely differ depending on each selection.

Popular College football futures bets include odds to win the College Football Championship and individual conferences like the SEC, Pac-12, Big 12, Big Ten, and the ACC. Additionally, sports betting sites will have odds to win the Heisman Trophy and other annual player awards.

You can place a futures bet up to any point before the actual event begins or the player award is announced. Odds will vary as the season progresses. For example, a team with a strong winning record will gradually become a favorite to win the their conference and potentially participate in the college football playoffs. On the other hand, an underperforming player will gradually become a long shot underdog to win the Heisman Trophy award.

College football futures odds offer sports bettors two opportunities. One, the chance to bet on a distant event with a potentially higher payoff than any single game bet. Two, insight into which teams or players are likely to come out on top by the end of the season. Whether you actually bet the future or not, the changing odds are a useful datapoint to sharpen your college football handicapping as the season progresses.

How to Bet on Heisman Trophy Futures

Time needed: 1 minute

How to place a Heisman Trophy futures bet

  1. Review odds for college football’s upcoming events

    Review futures odds for college football’s upcoming events. Popular events include the National Championship, conference championships, and Heisman Trophy winner. Select the Heisman Trophy event from the sportsbook’s menu.

  2. Each outcome has moneyline odds

    Each outcome will have moneyline odds at American sports betting sites. Minus values indicate how much you risk to win $100. Plus values indicate how much you win if you risk $100.

  3. Make your selection and place your bet

    Make one or more selections and bet your desired amount.

  4. You may place one or more futures bets on the same event

    You can place multiple bets on the same event at once or at different times. Simply choose a different outcome and place another wager.

  5. Your bet wins if you picked the correct outcome

    Your bet wins if you picked the correct outcome. Review your sportsbook’s rules to see when a futures bet can be cancelled.

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College Football Futures Bets

The following are the most popular College football futures bets. These bets are the most commonly placed by recreational and professional bettors alike. Use the odds to guide your handicapping throughout the season.

When to Bet College Football Futures

With a shorter season than the NFL, it’s critical to properly plan and time your college football futures bet. You should avoid placing a bet before August, as some team schedules and rosters are still being sorted out. But betting mid to late season also isn’t wise, as the payout for a likely winner will be much lower.

Picking a player to win the Heisman Trophy involves more risk than picking a team to win the National Championship. A player’s performance depends on both their team and their health. If a player’s team isn’t performing well, it will be harder to make a case for them to win the Heisman Trophy. Similarly, a player that gets injured early to mid-season will quickly lose favor with the award’s voters, even if they would have turned in an outstanding performance had they remained healthy.

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Heisman Trophy Futures Betting Strategies

Betting college football player award futures comes with more risk than betting team futures. While teams can compensate for underperforming or injured players with their second and third-string, individual players must remain healthy to be competitive for an award. Unlike teams, individual players have no backup plan. Once injured or sidelined, they will be quickly removed from consideration for a player award.

First, identify three or four players most likely to win the award. The players should be high performers, in good health before the season begins, and at reduced risk to get injured during the regular season. Consider the amount of support a player has from their team, including whether or not teammates can help minimize their risk of injury. Since most Heisman Trophy winners are quarterbacks, play close attention to the health of the team’s receivers, rushers, and offensive line.

Second, eliminate the least likely players from consideration. Longshots rarely win college football player awards unless multiple favorites get injured or have terrible seasons. Then, focus on the performance of each player throughout the season, particularly from Week 8 onwards. Sportswriters voting for the awards will be most likely to base their decision on recent performances versus what happened in the early weeks of the season.

Third, keep tabs on weekly injury reports, carefully monitoring the overall health of each player’s team. The ability of a player to maintain their performance throughout the regular season inevitably relies on the health of their teammates.

Finally, review historic award voting trends and biases. For example, voters heavily favor quarterbacks for the Heisman Trophy award. Backing a wide receiver or halfback should be done with caution. Also review articles and interviews from key sportswriters and media figures who previously voted for the award. Try to get a sense of the criteria they used to cast their vote.

Knowing how the sportswriters analyzed each player and which characteristics garnered the most attention can help you refine your own selections.


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Heisman Trophy Futures FAQs

What is a Heisman Trophy futures bet?

A Heisman Trophy futures bet is placed on the outcome of the Heisman Trophy award. Your bet wins if you chose the correct outcome. You may bet on more than one outcome at once, however the odds for each outcome will likely differ depending on each selection.

What do Heisman Trophy futures odds numbers mean?

Minus values indicate how much you risk to win $100. Selections with a minus value are considered strong favorites. Plus values indicate how much you win if you risk $100. Selections with plus values are considered underdogs. A selection with the lowest plus odds value among a market with no minus value favorite would be considered a modest underdog to win.

When is the best time to place a Heisman Trophy futures bet?

Picking a player to win the Heisman Trophy involves more risk than picking a team to win the National Championship. A player’s performance depends on both their team and their health. If a player’s team isn’t performing well, it will be harder to make a case for them to win the Heisman Trophy.

Who votes for the Heisman Trophy?

Three groups cast votes for the Heisman Trophy, including 870 sports writers and journalists (145 from six different regions), past Heisman Trophy recipients, and 1 vote determined by a fan poll conducted by Nissan, the trophy’s official partner.

Which position has the most Heisman Trophy Candidates?

Quarterbacks are most likely to be Heisman Trophy candidates, with players from other offensive positions often included in the slate of candidates.

Which players have won the Heisman Trophy twice?

Ohio State’s Archie Griffin is the only player to have won the Heisman Trophy twice.

Who won the first Heisman Trophy Award?

The first player to receive the Heisman Trophy was Jay Berwanger in 1935.

College Football Betting Resources