Heisman Trophy Odds, Market Report: Bets Roll In On Michael Penix Jr. After Win Over Oregon

NCAAF

Credit:

Getty Images. Pictured: Michael Penix Jr.

Chase Howell

Updated:

Oct 17, 2023, 03:25 PM EDT

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The Heisman race is becoming more and more clear.

Washington quarterback Michael Penix Jr. had what could be his Heisman moment against the Oregon Ducks this past weekend.

Penix threw for 302 yards with four touchdowns and an interception as his No. 7 Huskies beat the No. 8 Ducks.

Penix was already the Heisman favorite heading into the week. But he was barely ahead of Caleb Williams. Penix was at +200 while Williams was at +225 at BetMGM.

After the Week 7 performance against the Ducks, Penix is the clear favorite to win the Heisman at -145. Williams is now +3000.

At BetMGM, Williams has become the third-biggest liability after his odds moved this past weekend. The USC quarterback now accounts for 10.2% of the Heisman tickets and 17.1% of the handle. From Saturday until Tuesday morning, Williams accounted for 31.5% of the tickets placed and 25.7% of the handle.

Penix accounts for 5.5% of the total bets and 11% of the handle. From Saturday until Tuesday, Penix received 11.6% of the bets and 37.1% of the handle.

At FanDuel, there was a $7,000 bet that came in on Penix to win the Heisman at -140 odds after Washington beat Oregon on Saturday.

Shedeur Sanders is the biggest liability to win the Heisman at BetMGM. He is getting 18% of the bets and accounts for 16.9% of the handle. He is currently +25000 to win the Heisman despite leading the nation in passing yards and another 400+ yard performance.