2023 Heisman Trophy odds: Michael Penix Jr. favored, Bo Nix closing in

College Football

Updated Nov. 5, 2023 11:14 a.m. ET

The 9-0 Washington Huskies and 8-1 Oregon Ducks are in a battle for the Pac-12 Conference championship.

Meanwhile, their quarterbacks – Michael Penix Jr. of the Huskies and Bo Nix of the Ducks – are engaged in another duel, one for the Heisman Trophy.

After leading Washington to another victory, Penix Jr. remained atop the oddsboard as the favorite to win the award. He saw his odds of winning the award shorten considerably from +270 to +140.

Penix Jr.’s odds shifted after he went 23-for-30 passing (76.7%) for 256 yards, two touchdowns and an interception in the 52-42 win over reigning Heisman winner Caleb Williams and the USC Trojans on Saturday night.

While the Washington QB solidifies his case for the Heisman, Nix is also shooting up the board.

Nix was at +550, fourth on the oddsboard, prior to Oregon’s 63-19 win over California. After going 29-for-38 (76.3%) for 386 yards with four touchdown passes and running for two touchdowns, his odds to win the award shortened to +185.

Let’s look at the latest Heisman Trophy odds as the race is heating up.

HEISMAN TROPHY ODDS*

Michael Penix Jr., Washington: +140 (bet $10 to win $24 total)

Bo Nix, Oregon: +185 (bet $10 to win $28.50 total)

J.J. McCarthy, Michigan: +800 (bet $10 to win $90 total)

Jordan Travis, Florida State: +800 (bet $10 to win $90 total)

Carson Beck, Georgia: +1000 (bet $10 to win $110 total)

Marvin Harrison Jr., Ohio State: +2000 (bet $10 to win $210 total)

*As of 11/4/23

For the season, Penix Jr. is 226-for-325 passing (69.5%) for 3,201 yards, 26 touchdowns and seven interceptions.

Nix is 235-for-301 (78.1%) for 2,723 yards with 25 touchdown passes and two interceptions.

USC QB Caleb Williams, the reigning Heisman winner, saw his odds drop to +10000 from +8000 after the loss to the Huskies.

Ohio State receiver Marvin Harrison Jr. has the best odds for a non-quarterback at +2500. Harrison, who had four catches for 25 yards but scored two touchdowns in the 35-16 win over Rutgers, entered the weekend at +1200.

Oklahoma State running back Ollie Gordon II is at +4000. Gordon ran for 137 yards and two touchdowns in the 27-24 win over No. 9 Oklahoma, his sixth straight game of rushing for at least 100 yards. He has run for 1,225 yards and 12 touchdowns this season.

Gordon’s odds have dropped in the past two weeks, going from +10000 to +6000.

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