2017 Heisman Odds

On Monday, January 26, Bovada became the first major sportsbook to release odds for the 2017 Heisman Trophy. Although we’re still more than seven months away from opening kickoff, it’s never too early to start handicapping the most prestigious individual award in college athletics.

Louisville quarterback Lamar Jackson, who opened as a 110/1 longshot to win the Heisman last season, is considered a strong contender to repeat in 2017. That would be quite the accomplishment considering that only one player, Ohio State’s Archie Griffin, has won the award twice.

It’s also worth noting the Heisman Trophy is typically awarded to a quarterback or running back with the exception of two tight ends (Larry Kelley, Leon Hart), two wide receivers (Desmond Howard, Tim Brown) and one defensive back (Charles Woodson).

The table below shows the recent winners of this award along with their odds and the first week that they were available as an option.

Year Player School Odds Available Odds
2016 Lamar Jackson Louisville Pre-Season +11000
2015 Derrick Henry Alabama Pre-Season +2500
2014 Marcus Mariota Oregon Pre-Season +700
2013 Jameis Winston Florida State Week 2 +600
2012 Johnny Manziel Texas A&M Week 8 +1200
2011 Robert Griffin III Baylor Pre-Season +2800
2010 Cam Newton Auburn Week 3 +2000
2009 Mark Ingram Alabama Week 4 +3300

Jackson opened with the second-best odds of winning the Heisman Trophy, tied with Ohio State’s J.T. Barrett and USC’s Sam Darnold at +700. Oklahoma’s Baker Mayfield, who established himself as one of the nation’s premier signal callers last season, opened as the favorite at +600. That places added significance on the September 9th matchup between the Sooners and Buckeyes.

On February 6th, William Hill posted a more inclusive list with odds for 38 different players. This is just the third year that Nevada sportsbooks are able to accept wagers on the Heisman Trophy. Last year’s winner, Lamar Jackson, had originally opened at 75/1 odds at William Hill sportsbooks in February 2016. Jackson (opened 7/1) enters the upcoming season as the co-favorite alongside Mayfield and Darnold.

The table below displays the latest odds at Bovada and William Hill. It will be updated throughout the season.

Player School Position William Hill (2/6) Bovada (1/24)
Baker Mayfield Oklahoma QB +700 +600
Lamar Jackson Louisville QB +700 +700
Sam Darnold USC QB +700 +700
JT Barrett Ohio State QB +1000 +700
Jake Browning Washington QB +1200 +1000
Deondre Francois Florida State QB +1200 +1200
Saquon Barkley Penn State RB +1500 +1000
Jalen Hurts Alabama QB +1500 +1200
Mason Rudolph Oklahoma State QB +1500 +1200
Trace McSorley Penn State QB +2000 +1000
Josh Rosen UCLA QB +2000 +1200
Derrius Grice LSU RB +2000 +1500
Bo Scarbrough Alabama RB +2000 +1500
Nick Chubb Georgia RB +3000 +2500
Kamryn Pettway Auburn RB +3000 +2500
Luke Falk Washington State QB +3000 +3500
Nick Fitzgerald Mississippi State QB +4000 +2200
Shane Buechele Texas QB +4000 +3500
Quinton Flowers South Florida QB +4000 N/A
Jarrett Stidham Auburn QB +4000 N/A
Royce Freeman Oregon RB +5000 N/A
Mike Weber Ohio State RB +5000 N/A
Jacob Eason Georgia QB +6000 N/A
James Washington Oklahoma State WR +6000 N/A
Ed Oliver Houston DT +7500 N/A
Derwin James Florida State S +7500 N/A
Myles Gaskin Washington RB +7500 N/A
Christian Kirk Texas A&M WR +7500 N/A
Brandon Wimbush Notre Dame QB +7500 N/A
Wilton Speight Michigan QB +7500 N/A
Kyle Allen Houston QB +7500 N/A
Calvin Ridley Alabama WR +10000 N/A
Arden Key LSU DE +10000 N/A
Justin Herbert Oregon QB +10000 N/A
Shea Patterson Mississippi QB +10000 N/A
Kenny Hill TCU QB +10000 N/A
Dexter Lawrence Clemson DT +10000 N/A
Brett Rypien Boise State QB +10000 N/A

Personally, I think it’s worth waiting before placing a wager on the Heisman Trophy winner. This prop bet has a high theoretical hold percentage (28.5%) and the limits are very low. That means bettors would need to wait nearly 10 months for a minimal payout. It’s also worth pointing out that when Bovada first posted their Heisman odds last year, Lamar Jackson wasn’t even listed as an option.

While we wait for this story to develop, make sure to track the latest odds and public betting trends on our free college football odds page. Interested in following our winning picks? Sign up for a 4-day trial of our Pro subscription for just $49!

Who do you think will take home the Heisman Trophy next season? Will another quarterback or running back win the award? Please leave your thoughts in the comment section below.

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David Solar

David Solar is the Content Manager at Sports Insights. He specializes in sports betting analytics and creating data-driven betting systems. He can be reached directly at david@sportsinsights.com or on twitter at @TheDavidSolar.

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