2024 Heisman Trophy Odds: Public Tails Sharp Bettors On Oregon QB Dillon Gabriel

Patrick Everson Sports Betting Expert

3 minute read

Heisman Trophy odds for the 2024 season got a mid-summer bump from the wiseguys. The impetus for that bump: A run of sharp bets on Oregon quarterback Dillon Gabriel.

Now, the public seems to be on board, as well. When this market opened in February, Gabriel was already near the top of board in odds to win the Heisman Trophy. As August opens, he's the co-favorite.

Here's everything you need to know about the latest on 2024 Heisman Trophy odds: action, movement and betting trends.

Heisman Trophy Odds

Dollars on Dillon

UPDATE 1:30 P.M. ET SATURDAY, AUG. 3: Gabriel opened at 10/1, but initially slid out to 14/1 in The SuperBook's Heisman odds, due to lack of action. But the aforementioned sharp play in July sent him to +900, behind +800 co-favorites Carson Beck of Georgia and Quinn Ewers of Texas.

Now, Gabriel has joined Beck and Ewers at +800.

"There's definitely a mix of sharp and public action on the Oregon QB," SuperBook senior risk supervisor Casey Degnon said. "Ewers and Beck are also seeing a lot of public action. But it's not shocking to see the favorites get preseason love from the bettors."

Check out our Fanatics Sportsbook promo code!

UPDATE 2:30 P.M. ET TUESDAY, JULY 9: The SuperBook opened its Heisman Trophy futures odds market in February. While Gabriel was very much in the mix, he wasn't seeing early action.

"We initially opened him 10/1, and we moved him out because we took a lot of action on other guys. He was 14/1 from February up until Sunday night," SuperBook risk supervisor Chase Michaelson said. "Then we took some sharp action at 14/1, so we moved him to 12/1. We took some more sharp action and moved to 10/1. And then we took a little more at 10/1, too."

The end result: Gabriel is now the +900 third choice at The SuperBook. Ewers and Beck are the +800 co-favorites.

"Obviously, the market said we raised him too much," Michaelson said of the QB who arrived at Oregon via the transfer portal in December. "He's been good at Central Florida and at Oklahoma. This is probably the best offense he'll have been in. You saw where Bo Nix got at Oregon, right there with a chance to win the Heisman.

"I'm sure that's why people are looking at Gabriel that way."

Opportunities to Shine

Oregon is no longer in the Pac-12, which dissolved after the 2023-24 season. The Ducks move into the now 18-team Big Ten, along with their former Pac-12 rivals Washington, Southern Cal and UCLA.

Last year, Oregon went 12-2, with both losses coming to Washington, one in the regular season and one in the Pac-12 title game. Washington went on to reach the College Football Playoff championship game, where the Huskies lost to Michigan 34-13.

Come see our best sportsbook bonus codes today!

A new conference brings greater exposure for Oregon in general and, with respect to Heisman Trophy odds, Gabriel in specific.

"I think Oregon is gonna be pretty good again. Obviously, it's a tough schedule in a new conference. But I have nothing negative to say about Gabriel," Michaelson said. "He's gonna have the opportunities, he's gonna have the stage. Oregon plays Ohio State, Michigan, Wisconsin and Washington over the last seven weeks of the season.

"If Gabriel plays well and they win those games, he's gonna be right there for the Heisman."

More Moves Coming

The shifting has barely begun in odds to win the Heisman Trophy. Perhaps Ewers, Beck and Gabriel remain right near the top. Maybe Alabama quarterback Jalen Milroe (+1200) steps to the fore, or Ohio State QB Will Howard (+1600), who was at Kansas State and left via the transfer portal.

Someone a little further down the Heisman odds board could jump up, as well. The one certainty: There will be a lot more movement once games begin.

"Because we opened this market so early, it's interesting to see how it evolves," Michaelson said. "It's gonna change so much in the first month of the season. In September, some of these guys are gonna be 200/1, and somebody could be 2/1.

"Clemson plays Georgia in the season opener. If Beck has a big game, that catapults him. If Cade Klubnik has a big game for Clemson in an upset, he catapults."

Klubnik is currently the +4000 co-14th choice at The SuperBook.

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