Heisman Odds 2024: Who leads the preseason pack?

2024 Heisman Odds – Who will win?

LSU star quarterback Jayden Daniels won the 2023 Heisman trophy, the 2nd LSU quarterback in the past 5 years to win the honor. Now, the hunt for the 2024 Heisman Trophy is on!

Daniels beat out Michael Penix, Bo Nix and Marvin Harrison Jr. (among others) to take home the trophy. He finished the season with an uber impressive 3,812 passing yards, 40 touchdowns and 4 interceptions while rushing for 1,134 yards with 10 rushing touchdowns.

Daniels is now off to the NFL, as are Penix, Nix and Harrison. The 2024 season is still hundreds of days away, but sportsbooks are already releasing odds for the 2024 Heisman winner.

Check out the full Heisman odds for 2024 below:

Saturday Down South 🏈 Heisman Trophy Odds 2024
📲 Sportsbook Odds Utilized Caesars Sportsbook
💰 Top Promo Up to $1,000 on Caesars
✍️ Written/Created by Robby Sabo
⏰ Odds Last Updated on May 24, 2022
✅ Provided by Saturday Down South

No matter how the 2023 Heisman race shakes out, fortunately for the football-hungry fans of the SEC and elsewhere, Saturday Down South has the country covered via 2024 Heisman Trophy odds from an in-depth and expert perspective.

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Heisman Trophy 2024 Preseason Favorites

Carson Beck (QB, Georgia)

Carson Beck’s first starting season at Georgia went about how preseason expectations assumed. Beck was a great QB for Georgia, but not quite enough to win a 3rd straight national title. He finished with the 2nd most passing yards and 2nd most passing touchdowns in the SEC last season, and despite not being the most explosive QB in the country, should be primed to take another step in 2024.

Quinn Ewers (QB, Texas)

Quinn Ewers elevates his game against strong competition and despite fighting through injury last season, finished with strong numbers on the way to leading the Longhorns to a CFP berth. Last season his best games came against Alabama, Kansas and Oklahoma State. And even in the Sugar Bowl Ewers threw for 318 yards, 1 touchdown and 0 interceptions.

Who’s Going to Win the 2024 Heisman Trophy?

With USC star Caleb Williams wining in 2022, a streak of 3-straight Heisman winners from the SEC was snapped. Daniels brought the award back to the SEC.  Alabama’s Bryce Young and DeVonta Smith, and LSU’s Joe Burrow, were the three southeast ballers who took the hardware home.

As you can see above, the SEC is favored to take home the 2024 Heisman trophy around 8 months prior to the start of the season. Ewers, Beck, Jalen Milroe, Garrett Nussmeier and Nico Iamaleava are all in the top 10 of the odds as of late January.

2024 Heisman Prediction

For now, our pick is Georgia QB Carson Beck. Of course, there is a long, long (did we say long yet?) way to go for Beck to prove he’s that guy. At the same time, anything can happen this offseason that hinders or aids Beck on his march to lead Georgia back to the title game while also being the best QB he can be, looking to further raise his draft stock.

Prediction: Georgia QB Carson Beck

How to Bet on the Heisman Trophy

The winner of the Heisman Trophy is consistently one of the top college football futures betting markets. One wonders if John Heisman, the first athletic director of the Downtown Athletic Club in New York City and namesake of the trophy, envisioned the magnitude of today’s Heisman-sports betting market back in 1935. In a betting world, the odds aren’t great on that thought.

In order to bet on the Heisman winner, follow these simple steps:

  • Register for an online sportsbook account (SDS recommends Caesars Sportsbook).
  • Log into your account and make a deposit.
  • Find the college football betting menu and select the “futures” option.
  • Select “Heisman Trophy” and then pick a player.

Where to Bet on the Heisman Trophy

There are plenty of legal online sportsbook options that offer Heisman Trophy betting. Here are some of the top options, along with a huge bonus bet at Caesars Sportsbook.

Caesars Sportsbook

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DraftKings Sportsbook

DraftKings Sportsbook offers an incredible welcome off that allows new users to bet $5 and get $200 back bonus bets. Perhaps most importantly, DraftKings Sportsbook is among the best online operators when it comes to offering both in-game live betting options and pregame profit boost specials.

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FanDuel Sportsbook

FanDuel Sportsbook offers a first-rate app experience and a Bet $5, Get $150 in Bonus Bets welcome offer for new users. Like other top sportsbooks, FanDuel has expansive college football betting options and provides a Heisman market throughout the year.

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BetMGM is backed by one of America’s most prestigious gaming brands and offers new players a bet $5, get $158 in bonus bets welcome promo. Like its competition, BetMGM offers a full range of college football games and futures markets, including Heisman odds.

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Heisman Trophy 2024 News & Articles

Keep up with the latest 2024 Heisman Trophy odds by sticking with Saturday Down South’s legendary news coverage.

Past Heisman Trophy Winners (NCAA College Football History)

Here is a look at the past Heisman Trophy winners, dating back to the 2000 season.

Winners by school:  Oklahoma (4), USC (4), Alabama (3), Florida State (2), Nebraska (1), Ohio State (1), Florida (1), Baylor. (1), Oregon (1), LSU (2), Auburn (1), Texas A&M (1), Louisville (1)

Winners by position: quarterback (19), running back (3)

YEAR PLAYER POSITION SCHOOL OPENING ODDS CLOSING ODDS
2023 Jayden Daniels QB LSU +1700 -1400
2022 Caleb Williams QB USC +800 (BetMGM) -1800 (FanDuel)
2021 Bryce Young QB Alabama 900 -3417
2020 DeVonta Smith WR Alabama 66-1 -560
2019 Joe Burrow QB LSU 20000 -12500
2018 Kyler Murray QB Oklahoma 2000 700
2017 Baker Mayfield QB Oklahoma 700 -1800
2016 Lamar Jackson QB Louisville 10000 -1345
2015 Derrick Henry RB Alabama 2500 -465
2014 Marcus Mariota QB Oregon 500 -1500

Heisman Betting Strategy

The Heisman Trophy race is often misunderstood by the general betting public. The general public still views Heisman candidates in the same way that political parties view their candidates — through the lens of electability. Or, in the case of the Heisman, viability. Conventional wisdom dictates that you have to be an established player from an established and powerful program to even entertain the notion that you could be enshrined as one of the game’s greats.

The preseason Heisman odds going into the 2019 college football season offer us an important example. Trevor Lawrence and Tua Tagovailoa entered the 2019 season as co-favorites to hoist the trophy at 3:1 odds. They had just played against each other in the national title game and were the faces of the two most dominant programs in the sport. To casual fans, it was a no-brainer for them to share the spotlight as preseason Heisman favorites. But to savvy veterans of the sports gambling space, the only thing noteworthy about two players separating themselves from the pack over the summer was that it inflated odds for everyone else.

To put it bluntly, the prevailing wisdom surrounding Heisman odds is wrong and that disconnect is born out in the final Heisman voting year after year. Only one preseason Heisman favorite has gone “wire-to-wire” since 2000. All it took from Marcus Mariota (9:2 preseason odds) was a near-flawless season (TD-INT Ratio 42:4) and a berth in the inaugural College Football Playoff. In contrast to Mariota’s favorite-to-recipient feat, is the fact that eight of the past 10 Heisman winners weren’t considered Top 10 candidates in the preseason by oddsmakers. Joe Burrow (40:1), Kyler Murray (30:1), Lamar Jackson (100:1) and Derrick Henry (25:1) represent a new wave of Heisman profitability for sports gamblers. And after a run of one-year wonders who took home the hardware as preseason “FIELD” bets (Cam Newton, Johnny Manziel, Jameis Winston) in the early 2010s, sportsbooks finally started to post more comprehensive preseason lists. The average offering has essentially doubled from the 20-25 player range in 2010 to a 35-40 range in 2019.

Heisman longshots have proven to be incredibly profitable in the past 10 years, but their odds quickly come down to earth once the general public has seen them play. The Heisman winners over the 2015-2019 seasons saw their preseason odds fall by an average of 68% from the preseason through Week 3.

This illustrates that for a gambler to capture worthwhile value, they often need to have skin in the game before the season starts.

The start of the 2020 season offered a similar situation as our 2019 example. Neither Lawrence nor Tagovailoa were Heisman finalists in 2019, but that didn’t stop oddsmakers from setting up the 2020 preseason Heisman odds in nearly identical fashion. Lawrence was joined by Justin Fields as a co-favorite falling in the 4:1 to 9:2 range. And as we now know, of course, neither Lawrence or Fields are expected to win the trophy.

Hedging Strategies When Betting The Heisman

Hedging is when a gambler places a bet on the opposite side of their original wager in order to reduce losses or to guarantee a profit. Despite the simplicity of the tactic, casual gamblers often fail to consider hedging opportunities. For small-stakes gamblers, in-game hedging might not be worth their time, but that isn’t true of futures betting. Even small wagers can net huge returns and are worthy of thoughtful hedge strategies.

Season-long futures for individual players and teams present a host of hedge opportunities, some clear and others more convoluted. As shown above, pundits and the public are awful at predicting who will end up as a Heisman finalist. In fact, four of the five Heisman presentations between 2015-2019 have included at least 1 finalist who entered the season as a 100:1 longshot or higher. Simply having a finalist with long odds can guarantee you money by properly hedging is a game-changer for most casual bettors.

If you were fortunate enough to place a bet on Joe Burrow before Week 3 of the 2019 season, you had a ticket paying out between 40:1 and 200:1 on the Bayou Bengal. Even if you had waited until the end of the regular season to hedge, the 3 other eventual finalists all presented decent value and insurance with Fields (6:1), Jalen Hurts (17:1), Chase Young (100:1) all offering handsome payouts.

While it appeared that Burrow was a “lock” by Week 13 during the 2019 season, this same hedge strategy would have saved Tagovailoa bettors the year prior. The Crimson Tide signal-caller was listed as a -900 favorite during Week 13 but would be overtaken by Kyler Murray just two weeks later. If you had spread out your risk by betting the likely finalists in Week 13 (Murray+600, Dwayne Haskins+6000, Will Grier+1100) you would have turned a gambling heartbreak into a decent payday.

If you are making preseason Heisman bets, targeting longshots with the potential to become finalists instead of winners is one way that you can turn an all-or-nothing proposition into a less volatile and more profitable long-term strategy. This brings into play running backs, wide receivers and defensive players that you might not have considered at all in previous seasons.

Heisman Odds 2024 FAQ

Who is the Heisman Trophy betting favorite for the 2024 college football season?

Per Caesars Sportsbook, Georgia quarterback Carson Beck is currently the favorite at +762.

Who will win the Heisman Trophy for the 2024 college football season?

Depending on who's asked is how the answer will appear. Many believe Georgia QB Carson Beck will win the 2024 Heisman Trophy. Others think Texas quarterback Quinn Ewers is destined to snag it for his eventual 2024 college football season efforts. Other names in the mix include Alabama quarterback Jalen Milroe, Oregon QB Dillon Gabriel, and Ohio State QB Will Howard.

Which players has won the most Heisman Trophies all time?

Ohio State running back Archie Griffin has won the most Heisman Trophies (2), as he remains the only player to win the award more than once (1974 and 1975)

Which school has won the most Heisman Trophies?

Three teams feature players to win the award on seven occasions: Ohio State, Oklahoma and Notre Dame. Ohio State has yielded just six players to win the Heisman, however, as running back Archie Griffin remains the only man to win the award more than once. USC is next on the list with six Heismans, while Alabama has four, and six schools round out the top 11 with three Heisman Trophy winners (Auburn, Florida, Florida State, Michigan, Navy and Nebraska).

Robby Sabo
Robby Sabo is a co-founder, developer and credentialed New York Jets content creator for Jets X-Factor | Jet X, which includes Sabo's Sessions (in-depth film breakdowns) and Sabo with the Jets. Host: Underdog Jets Podcast with Wayne Chrebet and Sabo Radio. Member: Pro Football Writers of America. Coach: Port Jervis (NY) High School. Washed up strong safety and 400M runner. Founder: Elite Sports NY - ESNY (sold in 2020). SEO: XLM
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