John Korduner/Icon Sportswire
Author: Anthony Vlahovic
Last Updated: 17 November, 2025
2025 Heisman Trophy Odds
Quarterbacks have dominated Heisman Trophy voting for quite some time, but with his impressive season on both sides of the ball, Travis Hunter became the first non-QB to win the award since DeVonta Smith in 2020 and just the second non-QB or RB since 1997.
While guys like Jeremiah Smith and Jeremiyah Love still have a very slight chance to keep the award away from quarterbacks, guys like Fernando Mendoza, Julian Sayin, and Marcel Reed are making that quite difficult. Now that the season is officially through 12 weeks, fans can stay up to date on all odds movement from the top sportsbooks throughout the entire campaign.
2025 Heisman Trophy - Best Odds
Player | Opening Odds | Current Best Odds |
|---|---|---|
Fernando Mendoza | +5500 | +100 (Ceasars*) |
Julian Sayin | +1800 | +200 (FanDuel*) |
Marcel Reed | +4000 | +575 (Caesars) |
Diego Pavia | +12,500 | +2000 (DraftKings) |
Gunner Stockton | +3300 | +3000 (DraftKings) |
Jeremiyah Love | +5000 | +4000 (FanDuel) |
Haynes King | +9000 | +4000 (DraftKings) |
Jeremiah Smith | +1700 | +6000 (FanDuel*) |
Ty Simpson | +5500 | +15,000 (DraftKings*) |
CJ Carr | N/A | +30,000 (FanDuel) |
Jayden Maiava | +6000 | +30,000 (DraftKings*) |
Dante Moore | +2000 | +40,000 (FanDuel) |
Trinidad Chambliss | N/A | +40,000 (FanDuel) |
Odds as of November 17, 2025
* = the same odds are offered by multiple sportsbooks.
2025 Heisman Trophy Odds Comparison - Top10 Contenders
Player | |||
|---|---|---|---|
Fernando Mendoza | +100 | -110 | +100 |
Julian Sayin | +200 | +180 | +200 |
Marcel Reed | +550 | +500 | +575 |
Diego Pavia | +1500 | +2000 | +1200 |
Gunner Stockton | +2500 | +3000 | +2000 |
Haynes King | +3300 | +4000 | +2800 |
Jeremiyah Love | +4000 | +3000 | +3500 |
Jeremiah Smith | +6000 | +6000 | +5500 |
Jacob Rodriguez | +10,000 | +12,000 | +4000 |
Ty Simpson | +15,000 | +15,000 | +8000 |
*Odds as of November 17, 2025
Current Favorites
Fernando Mendoza: Picking up ranked wins has become a commonality for the Indiana Hoosiers, and the play of Fernando Mendoza is a big reason why. After leading a highly impressive game-winning drive against Penn State to keep the Hoosiers undefeated, followed by another blowout win, the Cal transfer has now thrown for 2,641 yards and 30 touchdowns, which is the most in the country.
Julian Sayin: After winning the National Championship last season, the Ohio State Buckeyes handed the keys to their offense over to redshirt freshman Julian Sayin. Well, even with sky-high expectations entering the year, Sayin has somehow exceeded all of them up to this point. With arguably the best receiving corps in the country to throw to, Sayin has put up 2,675 yards and 25 touchdowns on an 80.1% completion percentage.
Marcel Reed: The Texas A&M Aggies looked like they were about to lose their undefeated regular season in embarassing fashion. After a rough first half in that game, though, Marcel Reed turned around and led a miraculous comeback to keep the Aggies out of the loss column, and to keep his name in the Heisman race. With 439 yards and three touchdowns against South Carolina, Reed is up to 2,632 yards and 22 passing touchdowns. The sophomore has also added six scores on the ground.
Past Heisman Trophy Winners & Odds
Season | Player (Position, School) | Opening odds | Mid-season odds |
|---|---|---|---|
2024 | Travis Hunter (WR/CB, Colorado) | +6500 | +650 |
2023 | Jayden Daniels (QB, LSU) | +1700 | +1300 |
2022 | Caleb Williams (QB, USC) | +800 | +700 |
2021 | Bryce Young (QB, Alabama) | +900 | +150 |
2020 | DeVonta Smith (WR, Alabama) | +10000 | +5000 |
2019 | Joe Burrow (QB, LSU) | +20000 | +300 |
2018 | Kyler Murray (QB, Oklahoma) | +2000 | +250 |
2017 | Baker Mayfield (QB, Oklahoma) | +700 | +700 |
2016 | Lamar Jackson (QB, Louisville) | +10000 | -200 |
2015 | Derrick Henry (RB, Alabama) | +2500 | +1615 |
2014 | Marcus Mariota (QB, Oregon) | +500 | +250 |
September surges and October ghosts: Why early favorites often fade
For some players, a Heisman campaign does not start during a season; it starts the year before. Late-game heroes and a strong bowl game can kick-start a Heisman campaign for the following season, allowing media outlets to run with the story and generate a lot of hype for a player who hasn’t quite put it all together yet.
Sometimes players do end up living up to the expectations. However, for every player like that, five other players garnered a lot of media attention for the award over the summer and during non-conference play, only to collapse during conference play and not even be mentioned during award conversations by Week 7 or 8.
Take a player like Kenny Hill from Texas A&M back in 2014. Hill was taking over for Johnny Manziel, and after starting the season with 11 touchdowns and no interceptions, he had the third-best odds on the board at (+700). Between the hype and numbers, Hill was garnering more attention at that point than eventual winner Marcus Mariota.
Hill took that hype into SEC conference play, though, and after posting a 6:6 touchdown-to-interception ratio from week six to eight, he faded into the background and was benched. This example illustrates how savvy bettors can capitalize on markets and inflation driven by hype.
Heisman Trophy History, Trends, and Pointers
Travis Hunter became the first two-way player to win the Heisman in the award's history.
The Heisman winner has come from the SEC in four of the last six seasons.
Johnny Manziel and Jameis Winston are the only freshmen to ever win the Heisman trophy.
Archie Griffin is the only player to have won the Heisman Trophy twice, accomplishing this feat in 1974 and 1975.
Jayden Daniels, who won the 2023 Heisman, did not become the favorite to win the award until December 2nd of that season.
DeVonta Smith was the first non-QB or RB to win the award since Charles Woodson in 1997.
Since 2018, the pre-season favorite to win the Heisman has not actually won the award.
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