2023 Heisman Trophy Winner: Odds & Betting Favorites

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Jackson State cornerback Travis Hunter is seen after the Celebration Bowl NCAA college football game against North Carolina Central Saturday, Dec. 17, 2022, in Atlanta.
(AP Photo/Hakim Wright Sr. )
Chase Kiddy @chaseakiddy May 30, 2023, 9:26 AM
  • Caleb Williams (USC QB) won the 2022 Heisman Trophy.
  • Travis Hunter is tied for the shortest odds for a defensive player.
  • Jordan Travis and Sam Hartman are quarterbacks to watch early in 2023.

The 2023 college football season is on the horizon. That means another year of tailgating, College Football Playoff debate, band formations, and college football national championship odds.

It also means there’s a fresh market for Heisman Trophy odds. Every year, I go very deep into Heisman betting research, breaking down the market name by name. 

Who’s the Favorite To Win the Heisman in 2023?

USC quarterback Caleb Williams is the current Heisman favorite (+500).

Heisman Trophy Favorites: Odds to Win, 2023

PlayerSchoolCurrent Odds
Caleb WilliamsUSC+500
Jordan TravisFlorida State+1000
Drake MayeNorth Carolina+1400
Quinn EwersTexas+1400
Bo NixOregon+1600
Jayden DanielsLSU+1600
Michael Penix Jr.Washington+1600
Cade KlubnikClemson+2000
Carson BeckGeorgia+2000
Joe MiltonTennessee+2000
Drew AllarPenn State+2500
J.J. McCarthyMichigan+2500
Kyle McCordOhio State+2500
Marvin Harrison Jr. Ohio State+2500
Blake CorumMichigan+3000
Dillon GabrielOklahoma+3500
TreVeyon HendersonOhio State+4000
Brock VandagriffGeorgia+5000
Cameron Rising Utah+5000
Ty SimpsonAlabama+5000
Tyler BuchnerAlabama+5000

Caleb Williams Heisman Odds to Win, 2023

Caleb Williams, the USC quarterback, is currently +500 to win the Heisman Trophy.

Williams profiles very similarly to former Alabama quarterback Bryce Young, who won the Heisman in 2021. He opened the 2022 market near the top of the Heisman odds table and carried a sizable handle through the season’s opening month.

But even though Young was eventually drafted No. 1 overall in the 2023 NFL Draft, he did not repeat as the Heisman winner. He wasn’t even a Heisman finalist in 2022. 

That’s because it’s very difficult to win back-to-back Heisman Trophies. Heisman favorites and past winners alike enter fresh college football seasons with sky-high expectations, and it’s nearly impossible to deliver. 

Anything less, and it feels like Heisman favorites (like Williams or Young) have underdelivered. 

Williams will likely be the No. 1 pick in the 2024 NFL Draft, following the same path as Young before him. But buying another Heisman ticket for Williams seems ill-advised, even if he does spend most of the preseason as a comfortable betting favorite.

Only one college football player has ever won multiple Heisman Trophies: Ohio State running back Archie Griffin in 1974 and 1975.

The market is softer on Williams relative to Young’s position last year. The Alabama quarterback began the season at +350. 

Perhaps that’s because bettors already went through a repeat Heisman news cycle just last year; it also could be linked to Young’s higher competitive ceiling at Alabama relative to Williams’ CFP potential at USC.

Either way, Williams’ expectations as a reigning Heisman winner and quarterback of a historically powerful program will be to capitalize on USC’s football championship odds

Anything less, and the voters (and bettors) will likely view his season as a mild disappointment. 

Jordan Travis Heisman Odds to Win, 2023

Jordan Travis, the Florida State quarterback, is currently +1000 to win the Heisman Trophy.

Travis has taken the slow route to star status, steadily improving throughout several seasons as a Seminole. Travis has been in Tallahassee since 2019, totaling close to 6,000 passing yards and 1,800 career rushing yards. 

In 2022, his QBR (85.8) ranked seventh among all FBS quarterbacks. Three players rated above him (Hendon Hooker, CJ Stroud, Stetson Bennett) moved on to the NFL. Two of the other three (Caleb Williams and Bo Nix) are near the top of the table, alongside Travis.

If Travis and FSU take another step forward in 2023 and threaten a return to the College Football Playoff, Travis will quickly become an even more significant Heisman favorite. 

Drake Maye Heisman Odds to Win, 2023

Drake Maye, the North Carolina quarterback, is currently +1400 to win the Heisman Trophy.

Like Sam Howell before him, Maye put up big numbers in Mack Brown’s UNC offense in 2022. As a result, he earned a handful of Heisman votes. 

North Carolina may have hit its ceiling last year, reaching the ACC championship game before losing to Clemson, 38-10. Maye wasn’t even a Heisman finalist. 

Given how last year unfolded, it’s fair to wonder what the path to the top spot is for Maye. 

Quinn Ewers Heisman Odds to Win, 2023

Quinn Ewers, the Texas quarterback, is currently +1400 to win the Heisman Trophy.

Ewers has more raw talent than 99% of college football quarterbacks, yet he may be in danger of losing his starting job to freshman sensation Arch Manning.

Both Manning and Ewing are big names to keep an eye on in the Heisman odds market. 

Sam Hartman Heisman Odds to Win, 2023

Sam Hartman, the new Notre Dame quarterback, is currently +1400 to win the Heisman Trophy. 

Hartman was incredibly successful at a mostly irrelevant Wake Forest football program. Now that he’s transferred to a much more high-profile position as the Notre Dame quarterback, Hartman will be an instant Heisman contender. 

Bo Nix Heisman Heisman Odds to Win, 2023 

Bo Nix, the Oregon quarterback, is currently +1600 to win the Heisman Trophy.

Nix has been something of a punchline among serious college football fans over the last few years, as his performance in big games or road contests has been intensely inconsistent.

However, a fresh start in Eugene has brought real success to the former Auburn quarterback. Nix spent much of the latter half of the 2022 season near the top of the Heisman odds board, though most college football fans may never have realized it.

Nix’s place on the board may seem strange to some, but this has been his place in the Heisman discussion for several months now – at least as far as the betting odds are concerned. 

Jayden Daniels Heisman Odds to Win, 2023

Jayden Daniels, the LSU quarterback, is currently +1600 to win the Heisman Trophy. 

Daniels’ path to the Heisman is simple. LSU has an elite coach and a history of winning at a high level. If LSU can upgrade from divisional winner to conference winner, Daniels will have major Heisman credibility based almost purely on his team’s accomplishments. 

Cade Klubnik Heisman Odds to Win, 2023

Cade Klubnik, the Clemson quarterback, is currently +2000 to win the Heisman Trophy. 

Klubnik finally took over for DJ Uiagalelei at the end of last season, and Clemson’s offense seemed instantly more cohesive. 

If Klubnik can return the Clemson offense to its one-time status as a playoff-caliber unit, he will have a firm place in the Heisman discussion.

A Klubnik Heisman win would be historic for the Tigers, as no Clemson player – not even Deshaun Watson or Trevor Lawrence – has ever won the Heisman. 

Blake Corum Heisman Odds to Win, 2023

Blake Corum, the Michigan running back, is currently +3000 to win the Heisman Trophy.

Corum finished seventh in the Heisman voting last year, but the five players immediately in front of him – Stroud, Bennett, Hooker, Bryce Young, and Max Duggan – have all departed college football for the NFL.

That means the only returning player who finished higher than Corum was Williams, who won the award. 

Corum is a running back, a dicey Heisman proposition in 2023. But if you believe in the power of last year’s results, Corum could be a value play at 30-to-1.

J.J. McCarthy Heisman Odds to Win, 2023

J.J. McCarthy, the Michigan quarterback, is currently +2500 to win the Heisman Trophy. 

McCarthy surged in the Heisman table during the middle third of last year’s regular season, but he fell off completely down the stretch.

A more consistent showing from McCarthy could have him back in the thick of the Heisman race.

Defensive Player with Best Odds to Win Heisman in 2023

Harold Perkins Jr. (LSU linebacker) and Travis Hunter (Colorado WR/DB) are the two defensive players with the best odds to win the Heisman Trophy in 2023. Both players are currently 150-to-1 at BetMGM.

Hunter is a splashy name who played on both sides of the ball under Deion Sanders at Jackson State, and he may do so again at Colorado.

However, Colorado is expected to be dreadfully bad this year, according to the college football win totals market. As talented as Hunter is, it’s hard to see the Heisman Trophy awarded to a player on a four-win team, no matter how talented that player might be.

That leaves Perkins, who will terrorize SEC quarterbacks and protection schemes this fall.

Perkins will compete directly against his quarterback, Jayden Daniels, in the Heisman market. And if Daniels is even remotely good, that will all but eliminate Perkins from contention. 

For Perkins to remain relevant for the Heisman Trophy, Daniels must either struggle this year or get hurt and miss several games. If the LSU offense struggles, but the defense is good enough to keep LSU in contention for the SEC Championship and College Football Playoff, that would be a successful recipe for Perkins to have a chance at the Heisman.

Charles Woodson is the only defensive player ever to win the Heisman. He won it while playing for Michigan back in 1997.

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.