A pair of SEC quarterbacks headline the early Heisman Trophy odds, with Arch Manning and Garrett Nussmeier leading the way. Oddsmakers have not had much success pinpointing the eventual winner in their initial odds the past three years.
In 2024, when the Heisman odds opened at BetOnline.ag, Jalen Milroe was the favorite. Here are the odds for the four finalists:
Travis Hunter 50/1
Ashton Jeanty Off the Board
Cam Ward Off the Board
Dillon Gabriel 9/1
In 2023, when the Heisman odds opened, Caleb Williams was the favorite. Here are the odds for the four finalists:
Jayden Daniels 20/1
Michael Penix Jr. 12/1
Bo Nix 12/1
Marvin Harrison Jr. 50/1
In 2022, when the Heisman odds opened, CJ Stroud was the favorite. Here are the odds for the four finalists:
Caleb Willams 12/1
CJ Stroud 5/1
Stetson Bennett Off the Board
Max Duggan Off the Board
So here we are with 52 names for the 2025 Heisman Trophy winner at BetOnline.ag.
After only one of the last three initial favorites made it to New York for the Heisman presentation, only two of the last 12 finalists had odds under 10/1 and four of the names were off the board, the oddsmakers decided to greatly expand the early list.
So basically, the Heisman winner is a crapshoot and there is a big windfall to be made if you can figure out just who will be victorious in 2025.
The 2025 Heisman odds are fluid and subject to change. Here’s the direct link to real-time lines: https://www.betonline.ag/sportsbook/futures-and-props/ncaaf-futures/heisman-trophy.
| 2025 Heisman Trophy Winner | ||
| Arch Manning | 6/1 | |
| Garrett Nussmeier | 9/1 | |
| Cade Klubnik | 12/1 | |
| Jeremiah Smith | 12/1 | |
| DJ Lagway | 16/1 | |
| Drew Allar | 16/1 | |
| John Mateer | 16/1 | |
| LaNorris Sellers | 16/1 | |
| Nico Iamaleava | 16/1 | |
| Carson Beck | 18/1 | |
| Julian Sayin | 18/1 | |
| Dante Moore | 20/1 | |
| Ryan Williams | 25/1 | |
| Austin Simmons | 33/1 | |
| Dylan Raiola | 33/1 | |
| Gunner Stockton | 33/1 | |
| Jeremiyah Love | 33/1 | |
| Miller Moss | 33/1 | |
| Fernando Mendoza | 40/1 | |
| Jackson Arnold | 40/1 | |
| Jalon Daniels | 40/1 | |
| Kevin Jennings | 40/1 | |
| Marcel Reed | 40/1 | |
| Sam Leavitt | 40/1 | |
| Bryce Underwood | 50/1 | |
| Jayden Maiva | 50/1 | |
| Kaidon Salter | 50/1 | |
| Steve Angeli | 50/1 | |
| Thomas Castellanos | 50/1 | |
| Ty Simpson | 50/1 | |
| Avery Johnson | 66/1 | |
| Sawyer Robertson | 66/1 | |
| Devon Dampler | 75/1 | |
| Haynes King | 75/1 | |
| Kyron Drones | 75/1 | |
| Austin Maiva | 100/1 | |
| Beau Pribula | 100/1 | |
| Conner Weigman | 100/1 | |
| Demond Williams Jr | 100/1 | |
| Dylan Sampson | 100/1 | |
| Luke Altmyer | 100/1 | |
| Mikey Keene | 100/1 | |
| Nate Frazier | 100/1 | |
| CJ Bailey | 125/1 | |
| Eli Holstein | 125/1 | |
| Jake Retzlaff | 125/1 | |
| Rickie Collins | 125/1 | |
| Caleb Downs | 150/1 | |
| Isaac Brown | 150/1 | |
| Matthew Sluka | 150/1 | |
| Noah Fifita | 150/1 | |
| Jordan James | 200/1 | |
