2026 Heisman Odds: Ohio State’s Smith Soars To Favorite After 4-TD Game
2026 Heisman Odds
Heisman Trophy odds for 2026 have seen the favorite flip over the first few weeks. That was no longer the case after Week 5.
In fact, Ohio State wideout Jeremiah Smith became an even stronger favorite, moving into minus-money territory in 2026 Heisman odds. And only three other players are shorter than 10/1.
Prediction markets are in on it, too, with prediction market apps such as Kalshi offering ways to trade contracts on who will win the Heisman Trophy. We have included the latest Heisman Odds below at traditional sportsbooks, as well as pricing at Kalshi. Use our Kalshi promo code to get started by clicking on the module below.
(Feature Image: Adam Cairns/Imagn Images)
Updated on 10/11/26
Heisman Winner Odds
| Time | Bet365 | BetMGM | DraftKings | Caesars | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
 Jeremiah Smith | -220 | -225 | -210 | -200 | |||
 Darian Mensah | +1000 | +1100 | +600 | +1000 | +1000 | +1100 | |
 CJ Carr | +1200 | +1000 | +1100 | +1200 | +1200 | +1100 | |
 Malachi Toney | +6000 | +5000 | +1250 | +5000 | +6500 | +7000 | |
 Trinidad Chambliss | +1400 | +1500 | +1300 | +1500 | +1300 | +1300 | |
 Sam Leavitt | +15000 | +6600 | +1500 | +12500 | +22500 | +20000 | |
 Jayden Maiava | +10000 | +10000 | +1750 | +10000 | +10000 | +7000 | |
 Josh Hoover | +4000 | +5000 | +1900 | +4000 | +5500 | +10000 | |
 Keelon Russell | +1600 | +1500 | +2400 | +1500 | +2000 | +1800 | |
 Gunner Stockton | +1400 | +1500 | +2400 | +1200 | +1400 | +1100 | |
 John Mateer | +30000 | +50000 | +2800 | +25000 | +40000 | +15000 | |
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Odds as of October 11, 2026
2026 Heisman Trophy Odds
Smith Success
After Week 3, Ohio State wideout Jeremiah Smith was the +1000 co-third choice in Heisman Trophy futures. And the gap to the top was noteworthy, with Miami QB Darian Mensah and Ole Miss QB Trinidad Chambliss the +325 co-favorites.
Then Smith put up a huge Week 4 vs. Illinois: 12 catches for 217 yards and four touchdowns, as the Buckeyes rolled 42-19. BetMGM responded by sending Smith from +1000 all the way into the +250 favorite in Heisman odds. Smith then adjusted slightly to +275.
All this after opening as the +1400 ninth choice. Then Smith went off with 11 catches for 206 yards and two TDs in a 31-14 victory at Iowa. After that, BetMGM moved Smith to the even-money favorite, then went a step further to -120.
Smith now has 44 catches for 823 yards and nine TDs. And his efforts are also keeping Ohio State atop College Football Playoff futures odds.
"Smith is the most-bet player and the biggest liability to win the award," BetMGM trading manager Seamus Magee said.
Mensah remains the second choice in BetMGM's 2026 Heisman futures odds, but slid from +400 to +500. He's thrown for 1,438 yards and 15 touchdowns in five games, with no interceptions.
Quickly climbing the Heisman Trophy odds board is Mississippi State QB Kamario Taylor. Months ago, he opened +15000, but ahead of Week 4, BetMGM had him at +1000. Then Taylor threw for 360 yards and three TDs in an impressive 31-24 victory over Missouri.
That moved Taylor to the +600 third choice. However, in Week 5, Taylor and the Bulldogs got blown out at home by Alabama 56-23. So BetMGM slid Taylor all the way out to +4000.
Chambliss is also going the other direction, though not as quickly. After Ole Miss' 52-28 blowout loss at Florida, the Rebels QB slid from +325 co-favorite to +1200 co-fourth choice, along with Notre Dame QB CJ Carr and Florida running back Jadan Baugh.
The Rebels had a bye in Week 5, and Chambliss slid out to the +1700 fifth choice.
And Baugh suffered a Taylor-like nosedive after the Gators got crunched at Missouri 45-17. BetMGM moved Baugh from +900 all the way to +8000.
Arch Manning, the +800 No. 2 choice preseason, has stretched to +3500 in BetMGM's Heisman odds, though that's only behind five players. Texas is 4-0, and Manning guided a huge Week 2 comeback win vs. Ohio State, but hasn't been nearly as impressive as those ahead of him.
Smith has now shot to the top in tickets and money in BetMGM's Heisman futures odds. The top five in tickets:
- Smith
- Manning
- Carr
- Mensah
- Ohio State QB Julian Sayin (+3000)
The top five in money in BetMGM's Heisman odds:
- Smith
- Mensah
- Carr
- Chambliss
- Manning
As Magee noted, Smith is the biggest liability, followed by Mensah and Carr.
2026 Heisman Trophy Opening Odds
Quarterbacks are usually the favorites from their college football teams to win the Heisman Trophy every season, and QBs littered the opening Heisman odds board.
Listed below are the opening numbers in odds to win the 2026 Heisman Trophy:
- CJ Carr (Notre Dame) +800
- Arch Manning (Texas) +850
- Josh Hoover (Indiana) +1200
- Dante Moore (Oregon) +1200
- Julian Sayin (Ohio State) +1300
- Jeremiah Smith (Ohio State) +1400
- Darian Mensah (Miami FL) +1600
- Gunner Stockton (Georgia) +1600
- Sam Leavitt (Arizona State) +2000
- Brendan Sorsby (Texas Tech) +2500
- Marcel Reed (Texas A&M) +2500
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How to Read the Heisman Trophy Odds
The Heisman Trophy Odds betting market focuses on individual players who bettors can wager on prior to and throughout the college football season.
Sample bet: CJ Carr +800
A $100 bet on CJ Carr would return $800 profit, plus the $100 original stake, for a total payout of $900.
Heisman Trophy History
The Heisman Trophy is awarded to the top College Football player in the country every December in New York City, New York.
Indiana quarterback Fernando Mendoza won the 2025 Heisman Trophy. Mendoza guided the Hoosiers to a 13-0 mark and the Big Ten title by the time the voting deadline arrived. He went on to help Indiana go 16-0 and win the national title.
Mendoza received 643 first-place ballots, 3.5 times more than any other player.
Recent History (Preseason Odds)
2025 - Fernando Mendoza, Indiana QB (+3500)
2024 - Travis Hunter, Colorado WR/CB (+3500)
2023 - Jayden Daniels, LSU QB (+1500)
2022 - Caleb Williams, USC QB (+800)
2021 - Bryce Young, Alabama QB (+800)
2020 - DeVonta Smith, Alabama WR (+10000)
2019 - Joe Burrow, LSU QB (+20000)
2018 - Kyler Murray, Oklahoma QB (+2000)
2017 - Baker Mayfield, Oklahoma QB (+700)
2016 - Lamar Jackson, Louisville QB (+10000)
2015 - Derrick Henry, Alabama RB (+2500)
2014 - Marcus Mariota, Oregon QB (+500)
2013 - Jameis Winston, Florida State QB (+600)
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NCAAF Popular Futures Odds
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