College Football Heisman Trophy Odds for 2025: Mendoza Wins First Heisman in Indiana History

The Heisman Trophy odds seemed like they would hinge on the result of the Big Ten Championship Game, and that hypothesis proved true as Fernando Mendoza of the Indiana Hoosiers pulled away from Julian Sayin of the Ohio State Buckeyes following the 13-10 victory.

Mendoza was an overwhelming -4000 favorite to be announced the 2025 Heisman Trophy winner on Saturday, December 13, and that's exactly what transpired.

We will have the latest college football odds to win the 2026 Heisman Trophy when they go live.

Heisman Trophy odds

Here's a look at the closing odds to win the 2025 Heisman Trophy.

Player	Position
Fernando Mendoza	QB	-4000
Diego Pavia	QB	+1400
Jeremiyah Love	RB	+35000
Julian Sayin	QB	+50000

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2025 Heisman Trophy opening odds

• Garrett Nussmeier +900
• Arch Manning +950
• Cade Klubnik +1100
• Drew Allar +1100 
• Nico Iamaleava +1100
• Jeremiah Smith +1700
• Carson Beck +1800
• Julian Sayin +1800
• Dante Moore +2000
• LaNorris Sellers +2000

Odds courtesy of FanDuel.

Heisman Trophy betting insights

Line Movement (opening to current)

• Fernando Mendoza +5500 to -5000
• Diego Pavia +12500 to +1500
• Julian Sayin +2000 to +30000
• Jeremiyah Love +5000 to +30000
• Jeremiah Smith +1300 to +30000

Most Tickets

• Jeremiah Smith 8.23%
• Julian Sayin 8.2%
• Jeremiyah Love 7.9%

Most Handle

• Ty Simpson 13%
• Fernando Mendoza 10.2%
• Dante Moore 10.1%

Biggest Liabilities

• Jeremiah Smith
• Jeremiyah Love
• Ty Simpson

Data courtesy of BetMGM as of 12-8.

Heisman Trophy winners by position

Running backs won the Heisman Trophy 11 straight times from 1973 to 1983.

Heisman Trophy betting trends

Here are a few trends to keep in mind before placing a bet on the biggest individual award of the college football season.

• Quarterbacks have dominated this award over the last 20 years, with 16 Heisman winners playing under center.
  
  
• The Heisman trophy winner usually comes from a team with a shot at winning the national title, even though it is a regular season award. Since 2000, 14 Heisman trophy winners have played for teams that made it to the national championship game. If you're handicapping the Heisman, you might want to consider looking at which teams have the best chance of winning the title on the NCAA futures odds board.
  
  
• Even though DeVonta Smith won the Heisman in 2020, he is one of only five seniors to win the Heisman in the last 20 years.

Heisman Trophy history

Heisman Trophy Odds FAQs

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