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Featured Last Updated Sep 15 2024, 2:13 PM

2024 Heisman Trophy Odds, Betting Trends: Everything You Need To Know

Patrick Everson
Patrick Everson Sports Betting Expert
3 minute read

Heisman Trophy odds for the 2024 season are off and running, now that the college football season is underway. No surprise, the race is quarterback heavy at the top.

And in the aftermath of Week 3, a QB that was previously not in the mix at all is now seriously in the mix for odds to win the Heisman Trophy. That would be Texas' Arch Manning, who stepped in after Quinn Ewers was injured.

Here’s everything you need to know about the 2024 Heisman Trophy odds: action, movement and betting trends. Check back regularly for updates, and make sure to use our BetMGM bonus code available to new registrants when you're ready to bet on the action!

Heisman Trophy Odds

Flavor of the Week

Texas QB Arch Manning quickly moved from backup to Heisman contender. (Getty)

There's no one more flavorful at the moment than Texas backup quarterback Arch Manning. Since at least for the moment, he's the starter.

Longhorns QB Quinn Ewers entered Week 3 as the +500 favorite in BetMGM's Heisman Trophy odds, after leading a road rout of Michigan. Ewers then got off to a solid start against UTSA, completing 14 of 16 passes for 185 yards and two TDs, barely into the second quarter.

But Ewers then exited with a strained abdomen. And on came the QB with the family pedigree. Manning threw a 19-yard TD pass on his first play, then ran 67 yards for touchdown.

By night's end, he was 9 of 12 for 223 yards and four TDs passing, along with that rushing TD, as Texas rolled 56-7. Pregame at BetMGM, Manning was +10000 (100/1) to win the Heisman.

Postgame, he was all the way into the +1500 seventh choice.

"Not flooded with action. He's just looked awesome, and nobody is quite certain what's going on with Ewers," BetMGM senior trader Cameron Drucker said Saturday night.

On Sunday, BetMGM adjusted Manning slightly to +1600, but that still makes him the seventh choice. Ewers slipped from +500 pregame to +1200 after his injury, and he's now off the board while oddsmakers await more clarity on his injury status.

Others To Watch

Miami QB Cam Ward is now atop 2024 Heisman Trophy odds. (Getty)

With Ewers' injury, Miami quarterback Cam Ward slid into the favorite's slot Saturday night. And he's at an even shorter number than was Ewers.

Ward moved from the +700 second choice pre-Week 3 to the +450 chalk in BetMGM's Heisman Trophy odds. In Week 3 vs. Ball State, Ward threw for 346 yards and five touchdowns.

Ole Miss QB Jaxson Dart is the +700 co-second choice with Alabama QB Jalen Milroe. And Tennessee QB Nico Iamaleava continues to shorten his price, as he's now the +800 fourth choice. Iamaleava was +1500 ahead of Week 0 and +900 a week ago.

"Nico has been spectacular, and bettors – particularly from Tennessee – have certainly taken notice," BetMGM trading manager Seamus Magee said.

See our bet365 bonus code for your CFB bets!

Colorado got back on track in Week 3 with a 28-9 victory at Colorado State. That seemed to stem the bleeding in Heisman Trophy odds for Travis Hunter. The two-way standout had 13 catches for 100 yards and two touchdowns, and he also had an interception.

A week ago, in the wake of Colorado's lackluster loss at Nebraska, BetMGM slid Hunter from +1500 to +3500. He remained at +3500 after his performance vs. Colorado State.

However, Colorado QB Shedeur Sanders continued to slide. After his poor showing at Nebraska, Sanders fell from +2000 to +4000 at BetMGM. Even with a much better effort vs. Colorado State – 36 of 49 for 310 yards and four TDs, with no INTs – Sanders is now out to +8000.

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Patrick Everson

Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson
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