The Heisman Trophy Odds is normally awarded in December but the 2020 winner will be presented on Jan. 5, 2021.
Similar to other events this season, the ceremony will be held virtually with the finalists appearing on television. The voting deadline for the Heisman Trophy will be Monday, Dec. 21 and the Heisman finalists will be announced on Thursday, Dec. 24.
The betting markets for the Heisman Trophy have been active all season and the extra time added should create more fluctuation as teams miss or make up games.
Bettors following this market on a weekly basis have already seen plenty of moves and the oddsmakers have shifted their numbers again.
A few weeks ago, Florida quarterback Kyle Trask was listed at 10/1 odds, but starting to make a run at the Heisman Trophy.
Trask is now the odds-on favorite at FanDuel Sportsbook to capture the award as the senior has thrown 31 touchdown passes this season, including three in Saturday's victory at Vanderbilt.
Trask could square off opposite Alabama in the SEC title game next month, as Crimson Tide QB Mac Jones is sitting at 3/1 odds to win the Heisman. Jones led Alabama to a 62-3 blowout of Kentucky, but didn't put up gaudy numbers as he threw for 230 yards and two touchdowns.
2020 Heisman Trophy Odds Contenders
The one quarterback who has fallen back in the pack is preseason favorite Trevor Lawrence. The Clemson signal-caller missed two games to testing positive for COVID-19 and the game he was due to return, the Tigers' game at Florida State was postponed. Lawrence is currently at 16/1 odds to become the Heisman Trophy winner.
2020 Heisman Trophy Mid-Tier Long Shots
Brigham Young QB Zach Wilson in still in the mix at 20/1 odds. The 11th ranked Cougars own an 9-0 record and Wilson continues to put up crazy numbers, accounting for 30 total TDs and 2,724 yards.
Iowa State running back Breece Hall (25/1) has entered the Heisman conversation after picking up his eighth consecutive rushing performance of more than 100 yards. Hall reached the end zone twice for the fifth time this season in the Cyclones' 45-0 blowout of Kansas State.
Alabama wide receiver DeVonta Smith (50/1) set the SEC record for most career touchdown receptions in the 62-3 rout of Kentucky by picking up two touchdowns and hauling in nine receptions for 144 yards.
Listed below are odds on players per FanDuel Sportsbook.
Odds to win the Heisman Trophy
Odds Subject to Change - Updated Sun, Nov. 22, 7:00 a.m. ET
Where to Bet on the Heisman Winner
How to read Heisman Trophy OddsAmerican: Justin Fields (Ohio State) +800
Fractional: Justin Fields (Ohio State) 8/1
Decimal: Justin Fields (Ohio State) 9.00
Implied Probability: 11.11%
Bettors placing a $100 wager on Justin Fields would win $800 ($100 * 8.0 +100), which includes your $100 stake.
What is Implied probability
Implied probability is a conversion of betting odds into a percentage. It takes into account the sportsbooks margin to express the expected probability of an outcome occurring.
Heisman Trophy History
The Heisman Trophy winner has been a quarterback in nine of the last 10 seasons, capped off by LSU signal-caller Joe Burrow capturing the highest honor in college football in 2019. Below is a list of the past 10 winners.
Top Schools to Win Heisman Trophies
The first Heisman Trophy was handed out back in 1935 as Notre Dame, Oklahoma, and Ohio State have seen players win the honor seven times apiece. In fact, the last time a player from the Big 10 conference took home the trophy came in 2006 when Ohio State quarterback Troy Smith hoisted the hardware. No player from Clemson has ever won the award, while two different players from the same school captured the Heisman in consecutive years in 2004-05 (USC) and 2017-18 (Oklahoma).
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