College Football Heisman Trophy Odds for 2025: Mendoza Creates Separation from Sayin

The latest Heisman Trophy odds have Fernando Mendoza atop the board, with Julian Sayin sitting in second.

Robert Criscola - Betting Analyst at Covers.com
Robert Criscola • Betting Analyst
Nov 17, 2025 • 10:40 ET • 4 min read
Heisman Trophy odds Indiana Hoosiers Fernando Mendoza
Photo By - Imagn Images. Indiana Hoosiers quarterback Fernando Mendoza.

There was a tie atop the Heisman Trophy odds heading into Week 12 between Julian Sayin of Ohio State and Fernando Mendoza of Indiana, but the latter has leaped to the solo top spot once again ahead of Week 13 action.

Marcel Reed of Texas A&M is an isolated third on the Heisman betting board, but might have suffered the same fate as Ty Simpson — who fell dramatically week-over-week — had the Aggies not pulled off an incredible comeback vs. South Carolina.

Let's look at the latest college football odds to win the 2025 Heisman Trophy.

Heisman Trophy odds

Player Position FanDuel
Indiana Fernando Mendoza QB +100
Ohio State Julian Sayin QB +200
Texas A&M Marcel Reed QB +550
Vanderbilt Diego Pavia QB +1500
Georgia Gunner Stockton QB +3000
Georgia Tech Haynes King QB +3300

Odds as of 11-17.

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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 -115
  • Julian Sayin +2000 to +225
  • Marcel Reed +4000 to +500
  • Diego Pavia +12500 to +2200
  • Jeremiah Smith +1300 to +6600
  • Ty Simpson +5500 to +15000
  • Dante Moore +2000 to +50000
  • Arch Manning +900 to Off the board

Most Tickets

  • Jeremiah Smith 8.5%
  • Arch Manning 7.2%
  • Garrett Nussmeier 5.7%

Most Handle

  • Ty Simpson 15.5%
  • Dante Moore 12.1%
  • Arch Manning 6.8%

Biggest Liabilities

  • Ty Simpson
  • Jeremiah Smith
  • Dante Moore

Data courtesy of BetMGM as of 11-17.

Heisman Trophy winners by position

Position Heisman Trophy Awards
Running back 40
Quarterback 38
Wide receiver 4
Tight end 2
Fullback 2
Halfback 2
Cornerback 2

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 23 years with 18 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 four seniors to win the Heisman in the last 17 years. Over that span, two freshmen, five sophomores, and six juniors have claimed the prize.

Heisman Trophy history

Year Winner (Position) School
2024 Travis Hunter (CB/WR) Colorado
2023 Jayden Daniels (QB) LSU
2022 Caleb Williams (QB) USC
2021 Bryce Young (QB) Alabama
2020 Devonta Smith (WR) Alabama
2019 Joe Burrow (QB) LSU
2018 Kyler Murray (QB) Oklahoma
2017 Baker Mayfield (QB) Oklahoma
2016 Lamar Jackson (QB) Louisville
2015 Derrick Henry (RB) Alabama

Heisman Trophy Odds FAQs

Pages related to this topic

Robert Criscola - Covers.com
Betting Analyst

Robert M. Criscola’s road to becoming a Covers publishing editor began with an internship at Metro New York, which eventually turned into a freelance job at MetroBet covering many sports from a wagering angle, including horse racing. He continued to focus on “The Sport of Kings” by writing for shapperdacapper.com, danonymousracing.com, and informer.fanxt.com before joining the team at the TwinSpires Edge in 2019 as a regular contributor and weekend editor. “Crisco” began writing game previews for Covers in 2022 and joined the editing team in 2023.

His best advice for sports bettors? Bet with your head, not over it.

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