Caleb William's favored to win 2023 Heisman Trophy odds

2023 Heisman Odds: Could Williams Be First To Win Back To Back Since 1975?

The Heisman Trophy is awarded annually to the most outstanding player in college football and a new athlete hoisted the hardware for the 2022 season. Yes, of course, it was won by another quarterback as the USC Trojans’ Caleb Williams took the trophy home from New York. Quarterbacks have won the award six times in the last seven seasons.

Sportsbooks have released early odds on who will win the 2023 Heisman Trophy and Williams sits atop the board at +500 to earn the award in back-to-back seasons. Williams would be the first to win consecutively since Ohio State running back Archie Griffin in 1974 and 1975.

Williams Leads Early 2023 Heisman Trophy Betting Odds

Odds To Win 2023 Heisman Trophy
PlayerOdds
Caleb Williams (USC) +500
Jordan Travis (Florida State)+800
Drake Maye (North Carolina)+1000
Michael Penix Jr. (Washington)+1200
Sam Hartman (Notre Dame)+1200
Bo Nix (Oregon)+1400
Joe Milton (Tennessee)+1800
Jayden Daniels (LSU)+2000
Kyle McCord (Ohio State)+2000
Quinn Ewers (Texas) +2000
Cade Klubnik (Clemson)+2200
Drew Allar (Penn State)+2500
Brock Vandagriff (Georgia)+2800
Blake Corum (Michigan)+3300
Carson Beck (Georgia)+4000
Ty Simpson (Alabama)+3000
J.J. McCarthy (Michigan)+4000
Dillon Gabriel (Oklahoma)+4000
Spencer Rattler (South Carolina)+4000
TreVeyon Henderson (Ohio State)+5000
Marvin Harrison Jr. (Ohio State) +5000

Odds as of March 31

who Was The 2022 Heisman Trophy Winner?

Four quarterbacks sat in New York as Heisman Trophy finalists: TCU’s Max Duggan, the Georgia Bulldogs’ Stetson Bennett, Ohio State’s CJ Stroud and USC’s Caleb Williams. In the end, it was Williams who was named the winner despite being the only candidate from a non-playoff team. The Trojans finished the season 11-3 after two losses to the Utah Utes, including a 47-24 defeat in the Pac-12 championship that kicked them out of the College Football Playoff.

The sophomore recorded over 4,500 passing yards to rank third in the country. He led the nation with 42 touchdown passes and threw for two or more scores in 12 of his 14 performances. He posted an 87.6 QBR (ranked fifth) and threw just five interceptions (ranked 16th). 

Heisman Trophy Value picks

Drake Maye (+1000)

The North Carolina Tar Heels have a promising future with Drake Maye. The young signal-caller was the Shaun Alexander Freshman of the Year and also earned the title of ACC Player of the Year. That’s quite a resume of accolades already but Maye is only getting started. 

The North Carolina native threw for 4,321 yards (fourth), 38 touchdowns (fifth) and an 82.4 QBR (10th). Maye went without a touchdown pass in only two games and had three or more scoring strikes in a game on eight occasions. He led the Tar Heels to a 9-5 record, their best since an 11-3 campaign in 2015. It’ll be interesting to see where growth takes Maye and even more interesting to watch how he develops North Carolina’s football program. 

Kyle McCord (+2000)

Ohio State will need to fill the shoes of Stroud, who is headed for the 2023 NFL Draft. The junior had 41 touchdown passes and an 88.9 QBR that was second-best in Division 1. Sophomore Kyle McCord will likely get the promotion. The New Jersey native didn’t see much action in 2022, throwing only 20 passes in seven appearances. But there is hope. In his first true start in September 2021, McCord completed 13 of 18 tosses for 319 yards and two touchdowns to take down the Akron Zips 59-7. It’ll be a testament to Ohio State’s player development if McCord storms the field next season and shines.

Cade Klubnik (+2200)

The ACC championship game between Clemson and North Carolina saw a surprise when Tigers starting QB DJ Uiagalelei was lifted after his first two drives. Uiagalelei, now at Oregon State via the transfer portal, completed two of five passes for just 10 yards, getting the team nowhere down the field. In his place, head coach Dabo Swinney sent out Klubnik.

The freshman wasted no time shaking off the jitters, going 20-for-24 with 279 yards and a touchdown. If that wasn’t enough, the Texas native also gained 30 yards on the ground and scored a rushing touchdown. Clemson went on to beat North Carolina 39-10 to win the conference title. It’s out with the old and in with the new here – Klubnik is a fresh face for a struggling group that has missed the CFP in two straight years. We’ll see if he keeps it up.

J.J. McCarthy (+4000)

McCarthy showed resiliency during the Fiesta Bowl semifinal despite the 51-45 loss when his Michigan Wolverines took on the TCU Horned Frogs. The sophomore rallied his team from a 15-point deficit at halftime to put up 39 points in the final two quarters. At one point, the Illinois native looked at his parents in the stands to mouth “We are going to win this game” – though he didn’t live up to his promise, he still earned 343 yards and two touchdowns. 

The Wolverines went into the CFP matchup with a 13-0 record, their best since 1998. Obviously, McCarthy was at the forefront of that success and it’s not far-fetched to think he can lead his squad to the same heights again. For early odds, McCarthy is promising. 

Who To Watch: Arch Manning (+7500)

QB Arch Manning has yet to suit up for a Division 1 football game, but the high school senior has one thing working in his favor – his uncles, Peyton and Eli Manning (you may be familiar with them). Currently finishing the year at Isidore Newman High in New Orleans, Louisiana, Manning threw for 2,270 yards and 34 touchdowns in 2022. The top recruit of the 2023 class has committed to the Texas Longhorns and though we haven’t seen him throw a ball collegiately, talent runs through his blood. He’ll battle it out for the starting quarterback position with Quinn Ewers.


Heisman Trophy Historical Odds

By now, everyone is aware that LSU Tigers quarterback Joe Burrow won the Heisman Trophy in 2019 and was selected first overall by the Cincinnati Bengals in the NFL draft. But did you know his odds to win the Heisman Trophy prior to the start of the season were +4000?

That’s the best part of betting on this prop. Players can be huge underdogs before the season starts and emerge from nowhere to take the spotlight. At some sportsbooks, Burrow wasn’t even listed as a Heisman candidate until after LSU’s second game.

Here at Odds Shark, we have compiled the opening and closing odds for every Heisman Trophy winner dating back to 2009, when Alabama’s Mark Ingram took home the hardware. These odds are courtesy of sportsoddshistory.com.

Here are the opening/closing betting odds along with the preseason favorite for the Heisman Trophy since 2009:

Heisman Trophy Odds History
YearWinnerPreseason OddsClosing OddsPreseason Favorite (Odds)
2022Caleb Williams+800-2500CJ Stroud (+400)
2021Bryce Young+900-3500Spencer Rattler (+550)
2020DeVonta Smith+6600-200Justin Fields (+450)
2019Joe Burrow+4000-12500Tua Tagovailoa (+250)
2018Kyler Murray+3000+700Tua Tagovailoa (+400)
2017Baker Mayfield+700-1800Sam Darnold (+500)
2016Lamar Jackson+10000-1350Deshaun Watson (+450)
2015Derrick Henry+2500-465Trevone Boykin (+650)
2014Marcus Mariota+425-1500Marcus Mariota (+425)
2013Jameis Winston+600-15000Teddy Bridgewater (+450)
2012Johnny ManzielN/A-1000Matt Barkley (+300)
2011Robert Griffin III+2800-1000Andrew Luck (+325)
2010Cam NewtonN/A-450Mark Ingram (+450)
2009Mark IngramN/A-250Tim Tebow (+225)

Making A Futures Bet

A futures bet is a wager made on events or milestones that will happen in time. The Heisman bet is a form of futures betting because you are making a pick based on an outcome determined at the end of NCAA football season. The trophy is given out in mid-December and if you want to get a bigger payout, it’s best to lock in your bets sooner rather than later so you can take advantage of better odds. The closer it gets to Heisman voting, the more the odds will change.

How To Read Heisman Trophy Odds

The above chart features the odds for each top player in college football. At your sportsbook of choice, the betting lines would look something like this:

Caleb Williams +500

Jordan Travis +800

Drake Maye +1000

This means that Williams is the favorite since he has the lowest odds and the highest chance of winning the prop, according to oddsmakers. If you were to bet $100 on Williams and he won, you would get a payout of $600 – your original $100 is returned along with your winnings of $500.

On the other hand, if you strongly believe that Drake Maye is going to win the Heisman at North Carolina, a winning $100 bet on him would yield $1,100 – your $100 comes back along with your prize of $1,000.

Our Odds Calculator will show you how much you’d win based on the odds and amount bet.

Handicapping Your Heisman Odds Bet

We have the goods to ensure that you can make smart picks. Check out our college football pages to give you the edge over other bettors:

Odds

Futures

Free Picks

Consensus

Scores

ATS Standings

Offensive Stats

Defensive Stats

Game Logs

Betting Trends

Power Rankings

Betting Tutorial

Heisman Trophy Betting FAQ

What College Has Had The Most Heisman Trophy Winners?

Three schools are tied for having the most Heisman Trophy Sportsbooks. The Ohio State Buckeyes, Notre Dame Fighting Irish and Oklahoma Sooners have each had seven Sportsbooks.

Can I Bet On The Heisman Ceremony?

Yes! Most online sportsbooks and local sportsbooks as well hold Heisman Trophy odds throughout the college football season and often times will release prop odds on the night of the awards ceremony.

Who Is Favored To Win The Heisman Trophy?

As the college football landscape is always evolving through the season, the favorite to win the Heisman Trophy changes from week to week or even faster. Your favorite sportsbook will always have updated odds available for you to see.

Are There Benefits Of Picks Services?

Yes. If you are a novice bettor, picks services can help you enter the sports betting world with insights and general knowledge and maybe get some wins under your belt. Sportsbook and Sportsbook are two picks services that are recommended. However, picks services and any professional sports bettors do not win 100 percent of their bets so do take caution and pay attention to your bankroll.