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Caleb Williams	- -	+200		+180	+150	+190	+170
Michael Penix Jr	- -	+325		+380	+450	+350	+380
Quinn Ewers	- -	+750		+900	+900	+1100	+900
BO Nix	- -	+900		+900	+700	+1000	+900
Jordan Travis	- -	+1400		+1500	+1400	+1700	+1600
Dillon Gabriel	- -	+2000		+2000	+2000	+1900	+1600
Jj McCarthy	- -	+1600		+3000	+3000		+3300
Cameron Ward	- -	+2000		+4000			+3000
Sam Hartman	- -	+1400		+3000	+3300	+4000	+3500
Jayden Daniels	- -	+2000		+2500	+3000	+4000	+3500

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The college football betting market is massive and the biggest bet market aside from games is Heisman Trophy betting. The board is loaded once again entering 2023 and USC quarterback Caleb Williams is back on top after taking the top individual prize last season. Now he has a chance to become the first back-to-back Heisman winner since Ohio State running back Archie Griffin in 1974-75. 

An injury to two-way Colorado star Travis Hunter has caused a bit of movement, so let's take a look at the 2023 Heisman Trophy betting odds and who we think deserves your attention when it come to college football futures betting.

2023 Heisman Odds Favorites

Let's take a look at the Heisman betting favorites heading into the season, according to the top U.S. sportsbooks.

Odds below taken from DraftKings and accurate as of publication.

Caleb Williams, USC Trojans (+180)

We said last week that it was time to take Williams at +400 odds. That proved true after another superstar performance at Colorado, with Williams shooting up the board as the clear-cut favorite at +180 odds.  

Williams passed for 403 yards and tied a career-high with six touchdown passes in a 48-41 win over the Buffaloes. That brings him up to 1,603 yards and 24 total touchdowns on the year, and he’ll keep padding the stats this week in a home matchup with Arizona. 

Then it’s on to a massive matchup at No. 10 Notre Dame, where the junior signal-caller can further solidify his status as the top dog in the race. 

Williams took a lot of the drama out of the race toward the end of last season, ultimately running away from TCU quarterback Max Duggan to earn an overwhelming majority of first place votes. The numbers speak for themselves – 4,537 passing yards and 42 touchdowns, along with 10 additional scores on the ground. The Trojans narrowly missed out on a College Football Playoff shot, and Williams now looks to lead USC to its first national championship since 2004.

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Michael Penix Jr., Washington Huskies (+400)

The Huskies are still unbeaten at 5-0 entering the bye week, and Penix’ odds improved slightly to +380. 

He didn’t throw any touchdown passes in a 31-24 win over Arizona, but he still completed 30 of 40 attempts for 363 yards and kept Washington right in the thick of the College Football Playoff hunt. Penix now has a chance to rest up before a home game with No. 8 Oregon that could have huge Heisman implications on both sides, with Ducks QB Bo Nix gaining some steam on the board at DraftKings Sportsbook . 

He’ll need to continue to put up eye-popping numbers to separate himself in a Pac-12 conference loaded with good quarterbacks. But we wouldn’t put it past him based on the talent and experience. 

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Quinn Ewers, Texas Longhorns (+900)

Ewers’ odds took a hit this week, with the Longhorns quarterback moving from +600 to +900 despite a 40-14 win over Kansas. Ewers looked good again with 325 passing yards and one touchdown, but ridiculous individual performances from Williams and Penix are hurting his chances. 

The sophomore quarterback has kept a steady hand at the wheel in the weeks following the Longhorns’ massive upset win at Alabama. But the stats alone aren’t good enough to keep Ewers at the forefront should the Longhorns slip up and lose a game or two. 

Now it’s on to the Red River Rivalry and a showdown with No. 12 Oklahoma, the only ranked opponent left on the schedule. If Texas wins big behind another heroic showing from Ewers, he’ll be right back in the top-tier discussion. Maybe for good. 

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2023 Heisman Odds Longshots

It’s easy to forget that individual awards are dependent on several external factors – team success, voter trends, etc. That means there’s a ton of fluidity throughout the process and it’s actually been rare for top candidates to win in recent years.

Alabama wideout Devonta Smith, LSU quarterback Joe Burrow and Texas A&M quarterback Johnny Manziel all had seriously long college football odds when it came to the Heisman Trophy, basically came out of nowhere to win the season-long award. 

And there’s no shortage of intriguing longshots who could get it done at juicy odds early in the 2023 college football season. 

Jayden Daniels, LSU Tigers (+2500)

Daniels’ odds went longer this week after the Bayou Bengals suffered their second loss of the season, this time a 55-49 heartbreaker at Ole Miss. But Daniels still put on a ridiculous show with 414 passing yards and four touchdowns. 

We’ve had Daniels as one of our favorite longshots for two weeks now, beginning when he was still available at +3000. If you’re looking for a big potential payoff, he’s still our favorite candidate in this price range.

The individual numbers speak for themselves and LSU isn’t out of anything yet with just one conference loss. Daniels now has 1,710 passing yards and 16 touchdowns, and we still think there’s good value here as long as LSU doesn’t have any more slip-ups. 

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Kyle McCord, Ohio State Buckeyes (+3000)

McCord doesn’t have the prettiest skillset or the gaudiest numbers. But he made the big plays when it mattered most two weeks ago in South Bend, orchestrating a 15-play scoring drive that included a successful 3rd & 19 conversion with 15 seconds left as the Buckeyes beat the Irish, 17-14.

That’s been one of the definitive moments of the season to date, and the Buckeyes look to keep it rolling this week off a bye in a home matchup with Maryland.

That doesn’t put McCord near the top of the Heisman conversation yet, but Ohio State is 4-0 and he’ll be in the discussion if the Buckeyes keep winning big. The junior QB threw for a season-high 318 yards in a win over Western Kentucky and completed 21 of 37 attempts for 240 yards at Notre Dame. The next big test comes Oct. 21 at No. 6 Penn State, at which point McCord’s chances could look much better depending on how the other top contenders fare in the coming weeks.

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Every Heisman Trophy Winner Since 2000

• 2022 Caleb Williams, QB, USC
• 2021 - Bryce Young, QB, Alabama
• 2020 - DeVonta Smith, WR, Alabama
• 2019 - Joe Burrow, QB, LSU
• 2018 - Kyler Murray, QB, Oklahoma
• 2017 - Baker Mayfield, QB, Oklahoma
• 2016 - Lamar Jackson, QB, Louisville
• 2015 - Derrick Henry, RB, Alabama
• 2014 - Marcus Mariota, QB, Oregona
• 2013 - Jameis Winston, QB, Florida State
• 2012 - Johnny Manziel, QB, Texas A&M
• 2011 - Robert Griffin III, QB, Baylor
• 2010 - Cam Newton, QB, Auburn
• 2009 - Mark Ingram, RB, Alabama
• 2008 - Sam Bradford, QB, Oklahoma
• 2007 - Tim Tebow, QB, Florida
• 2006 - Troy Smith, QB, Ohio State
• 2005 - Reggie Bush, RB, USC
• 2004 - Matt Leinart, QB, USC
• 2003 - Jason White, QB, Oklahoma
• 2002 - Carson Palmer, QB, USC
• 2001 - Eric Crouch, QB, Nebraska
• 2000 - Chris Weinke, QB, Florida State

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Heisman Trophy History

The Heisman Trophy was first introduced in 1935, when Chicago Maroons RB Jay Berwanger took home the trophy. In 2007, Florida QB Tim Tebow was the first underclassmen to win the award. In 2012, Texas A&M's Johnny Manziel became the first freshman to win the award. Manziel's rise was so sudden he wasn't even listed on the preseason Heisman Trophy odds board.

What Position Typically Wins the Heisman Trophy?

Running backs (39) have traditionally won the Heisman since its inception in 1935, however, 14 of the past 17 winners have been quarterbacks. There have only been four wide receivers to win the Heisman Trophy, with the last being Alabama's DeVonta Smith in 2020. 

The Heisman Trophy was first introduced in 1935, when Chicago Maroons RB Jay Berwanger took home the trophy. In 2007, Florida QB Tim Tebow was the first underclassmen to win the award. In 2012, Texas A&M's Johnny Manziel became the first freshman to win the award. Manziel's rise was so sudden he wasn't even listed on the preseason Heisman Trophy odds board.

Most Dominant Heisman Winners

(highest percentage of the Heisman Trophy voting)

• Joe Burrow, 2019 - 93.8%
• Reggie Bush, 2005 - 91.7%
• Troy Smith, 2006 - 91.6%
• Marcus Mariota - 90.9%
• Baker Mayfield - 86.0%

Closest Heisman Trophy Odds Races

• 2009 - Mark Ingram (1,304) over Toby Gerhart (1,276)
• 1985 - Bo Jackson (1,509) over Chuck Long (1,464)
• 1961 - Ernie Davis (824) over Bob Ferguson (771)
• 1953 - John Lattner (1,850) over Paul Giel (1,794)
• 2001 - Eric Crouch (770) over Red Grossman (708)

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