2023-24 Heisman Trophy Award Betting Odds and Pick

On Saturday, December 9, the Heisman finalists will meet in New York City to award the Heisman Trophy to the most outstanding college football player of 2023. According to the latest Heisman odds at top college football betting sites, there are only three players in the running, with one clear favorite.

With the conference championship games in the books, there are no more opportunities for contenders to add to their resumes. The Heisman Trophy odds are based on what the betting public and oddsmakers perceive as the player to receive the most votes.

The updated Heisman Trophy odds indicate that we are likely to see some controversy in New York. Check out the latest 2023 Heisman betting odds and our predictions for who will win the Heisman this year.

2023-24 Heisman Trophy Award Odds

The following Heisman Trophy betting odds are courtesy of BetOnline:

Entering the Heisman Trophy presentation, LSU QB Jayden Daniels is a heavy favorite to win the award. At -1100 odds, Daniels has an implied probability of 91.7 percent to win the Heisman Trophy. Daniels, Michael Penix Jr., and Bo Nix have all been favored at one point this season.

The controversy here is that Penix Jr. went undefeated and led his team to the CFP College Football Playoff. Penix Jr.’s stats aren’t up to par with Daniels, but he has gaudy numbers, along with winning clutch games for a perfect 13-0 season.

Also, considering the College Football Playoff committee left Florida State out, largely due to QB Travis Jordan’s injury, he probably deserves a Heisman invite. Nevertheless, Daniels’ Heisman Trophy odds seem to suggest this race is over.

2023-24 Heisman Trophy Betting Favorite

Let’s take a look at the one, true betting favorite for the 2023-24 Heisman Trophy Award:

Jayden Daniels (-1100)

Daniels is a clear betting favorite to win the 2023 Heisman Trophy. While LSU finished third in the SEC West, Daniels put up video game numbers to separate himself from the rest of the field.

If LSU didn’t have a QB as dynamic as Daniels, there is no question they wouldn’t be a 9-3 football team. Most likely, LSU backs into a bowl game with 6 or 7 wins if Daniels isn’t a Tiger. That’s one way of looking at the Heisman odds in 2023.

However, the primary reason for Daniels leading the Heisman betting odds is his jaw-dropping statistics. Daniels put on a show through the air and with his legs. The dual-threat QB was certainly the most exciting player to watch in college football.

Daniels completed 72.2 percent of his passes for 3,812 yards passing. He had an incredible touchdown to interception ratio, with 40 touchdowns to just four interceptions. Daniels’ arm is just one part of his game, though.

Defensive coordinators had a tough time trying to figure out how to stop Daniels from taking games over on his legs. The 22-year-old senior gained 1,134 yards rushing on 8.4 yards per attempt and 10 rushing touchdowns.

In his last three games, Daniels passed for 1,020 yards, 13 touchdowns, and 0 interceptions. Additionally, Daniels rushed for 450 yards and well over 10 yards per attempt and four touchdowns¹. That might have been the clincher for Daniels.

Michael Penix Jr. (+700)

From a team perspective, Michael Penix Jr. is the most accomplished Heisman finalist. Penix Jr. spearheaded the Washington Huskies’ Pac-12 Championship and College Football Playoff bid.

After entering the season as a longshot, Washington is the No. 2 seed for the CFP National Championship. They defeated Oregon, 34-31, in the Pac-12 Championship Game to receive a date against the Texas Longhorns in the CFP Semifinals.

Despite Penix Jr.’s spectacular campaign, he has long Heisman Trophy odds at +700. Penix Jr. doesn’t have the numbers compared to Daniels’ video game season. That is where the difference is between Daniels and Penix Jr.

Washington’s QB still had a fantastic season as he completed 65.9 of his passes for 4,218 yards, 33 touchdowns, and nine interceptions. He is much more of a pure pocket passer than Daniels. The rushing numbers aren’t there for Penix Jr., as he rushed for -18 yards on 29 attempts².

That being said, Penix Jr. has come up in huge spots and on clutch drives for Washington. He doesn’t have the numbers to compete with Daniels Jr., but voters must take this into consideration.

Bo Nix (+1400)

Bo Nix watched his Heisman Trophy odds surge after an impressive performance against Colorado in September. The former Auburn Tiger has been in the Heisman Trophy conversation ever since then.

Last week, Nix remained the favorite at sports betting sites. However, losing to Washington in the Pac-12 Championship Game all but knocked Nix out of the picture. If you look at Nix’s stats, he’s right there with Daniels through the air, though.

Despite being criticized for being a system QB, Nix compiled some absurd offensive stats. In 13 games, the fifth-year senior completed 77.2 of his passes for 4,145 yards. Like Daniels, Nix’s touchdown to interception ratio was impressive, as Nix threw 40 touchdowns to three interceptions.

However, Nix does not have the dual-threat ability like Daniels. Nix showcased some mobility, but 228 yards rushing and six touchdowns on the ground doesn’t compare to LSU’s star QB³.

If Nix led Oregon to a win over Washington, we may not be having this conversation right now. The Pac-12 Championship Game was supposed to be his Heisman moment, but that didn’t happen.

2023 Heisman Trophy Award Prediction

The Heisman Trophy is awarded to the most outstanding college football player. Team success is secondary. USC missed out on the College Football Playoff last year, but Caleb Williams ran away with the Heisman.

With that in mind, the final votes will likely go to Daniels. Nix blew his opportunity when he didn’t pass for 400 yards and four touchdowns to win a Pac-12 Championship. That would have been a possible Heisman moment for Nix.

Instead, he passed for 239 yards, three touchdowns, and a critical interception⁴. The last start of the season can often be a do-or-die situation for Heisman Trophy contenders. Daniels has been rolling over defenses for the last month. He finished with 300 all-purpose yards and four touchdowns against Texas A&M in the regular season finale⁵.

Daniels was the best individual player in college football this season. He has a clear statistical advantage over his competition.

For that reason, Daniels is the top pick for our 2023 Heisman predictions. At -1100, Daniels’ Heisman odds do not have the best value, but he is the most logical option.

Who Will Win The Heisman Trophy In 2024?

Currently, the best football betting sites do not have 2024 Heisman Trophy odds. Check back soon for the opening odds for the 2024 Heisman. In our opinion, Alabama’s QB Jalen Milroe will be the favorite to win the Heisman Trophy next year. This season, Milroe might sneak in and be invited to New York for the Heisman Trophy presentation.

After his miracle touchdown against Auburn, and leading Alabama over Georgia in the SEC Championship, Milroe is receiving plenty of hype. The college football bowl schedule has Alabama playing in the Rose Bowl on New Year’s Day.

In 2023, Milroe was a dual-threat with his arm and legs. He passed for 2,718 yards, 23 touchdowns, and six interceptions. Also, Milroe racked up 468 yards rushing and 12 scores on the ground⁶. This success came in a season where head coach Nick Saban was uncertain about who his starting QB would be in September.

Expect Ole Miss QB Jaxson Dart to have the second-best Heisman Trophy odds and press Milroe for the top honors. However, with a full offseason to prepare, look for Milroe’s second season as the Crimson Tide’s starting QB in Tuscaloosa to be a big one.