Heisman 2025: Early Odds and Predictions for the Next Trophy Winner

In 2024, when the Heisman odds opened at BetOnline.ag, Jalen Milroe was the favorite. Fast forward six months and here were the opening 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 were the opening 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 were the initial odds for the four finalists:

Caleb Williams                 12/1

CJ Stroud                        5/1

Stetson Bennett              Off the Board

Max Duggan                   Off the Board

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 better than 10/1 and four of the names were off the board, our oddsmakers decided to greatly expand the early list today.

So, basically, the Heisman winner is a crapshoot and could be a big windfall to be made if you can figure out just who will lift that bronze statue 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