Alabama quarterback Bryce Young (+430) is looking to become the first player since Archie Griffin to repeat as the Heisman winner, but as things currently stand, he’s not the odds-on favorite. Can Young put forth another dominant campaign, or will another player produce a Heisman-caliber season in 2022? 

Below, we’ll break down a couple of favorites, sleepers, and long shots who provide betting value and could take home the Heisman in 2022.

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Heisman Trophy Odds 2022: Top 50

All odds courtesy of Caesars Sportsbook

Heisman Trophy odds 2022: Favorites

C.J. Stroud, QB, Ohio State +200 (implied probability 33.33 percent)

Stroud remains the odds-on favorite entering the season after an impressive freshman season where he threw for 4,435 yards with a 44:6 TD-to-INT ratio. Another 4,000-plus passing-yard output coupled with an effective TD-to-INT ratio should get him invited to New York City for a second-straight year.

There’s not really money to be made betting Stroud at +200 right now, as you might be better off waiting for his odds to dip in-season before wagering on him to win the Heisman. Conversely, if you think he gets off to a great start by torching Notre Dame’s defense in Week 1, his odds might only increase.

It’s part of the gamble, but ultimately saying one player already has a 33.33-percent chance of winning the Heisman before the season starts is really high praise. Stroud’s undoubtedly a talented QB, but there are other talented players in CFB who could make this year’s Heisman race interesting.

Bryce Young, QB, Alabama +430 (implied probability 18.87 percent)

If not for what projects to be a dominant 2022 season from Stroud, Young would be the odds-on favorite to repeat as Heisman. Young has an outside chance to throw for 5,000 yards in his second season as a full-time starter given he’s had another offseason to learn and develop.

He’s also going to get much better play from his offensive line after Alabama allowed 41 sacks a season ago. Cleaner pockets can allow Young to trust the scheme as opposed to having to bail out of the pocket and improvise.

Losing stud WRs Jameson Williams, John Metchie, and Slade Bolden certainly hurts, and while he won’t have nearly as talented of a WR corps this season, Young’s too good of a QB to worry about the impact of a WR downgrade. 

Young has the chance to become the odds-on favorite if he has a huge Week 2 showing against Texas in Austin. His odds might only get lower as the season progresses, and now might be the best time to get involved in a potential Heisman repeat.

Heisman Trophy odds 2022: Sleepers

Will Anderson, LB, Alabama +2200 (implied probability 4.35 percent)

Anderson was snubbed by not getting an invitation to New York City last season, and more than likely, that changes this year. For a defensive player to sit at just 22-1 to win the Heisman in the preseason speaks to how elite he really is. He’s so good that he has a legit shot to become the first defensive player since Charles Woodson in 1997 to win the award.

Anderson posted a dominant 2021 season that saw the edge rusher rack up 17.5 sacks (first in NCAA) and 57 solo tackles. He’s unguardable in one-on-one situations and still hard to contain when double-teamed. Like Young, Anderson has the chance to move up in the early season with a big performance against Texas on national television in Week 2.

While there was a time this offseason when Anderson’s odds were higher than 22-1, he’s still a sleeper worth keeping an eye on.

Hendon Hooker, QB, Tennessee +6000 (implied probability 1.64 percent)

Tennessee’s likely the top threat to Georgia in the SEC East, and a big part of that is Josh Heupel’s efficient offense headlined by Hooker. Hooker took over for an ineffective Joe Milton last season, and the Volunteers started to click with a new signal caller.

Hooker’s had a full offseason to continue to learn Heupel’s scheme, which could result in an even better 2022 for the 6-4 QB. At 60-1, if Tennessee is able to shock the world and win the SEC East, Hooker has an outside chance to get the invitation to New York.

Heisman Trophy odds 2022: Long shots

Cameron Rising, QB, Utah +7500 (implied probability 1.32 percent)

Rising’s Heisman “narrative” is similar to Hooker’s in that he also took over for an ineffective QB early last season, resulting in a much better end-of-season finish for his school. While Utah was the most efficient offense running the ball last season in terms of expected points added, they still needed to rely on Rising to matriculate the ball down the field and consistently make the right reads. Rising put forth an effective 20:5 TD-to-INT rate with an 84.2 QBR (sixth in NCAA).

Given his talent and the fact he’s on a team with playoff aspirations, Rising’s 75-1 price tag is a misprice. While it’s more realistic he doesn’t end up receiving an invite to New York City in December, there’s a good chance he drops to lower than 75-1 as the season progresses. 

Deuce Vaughn, RB, Kansas State +10000 (implied probability 0.99 percent)

Vaughn led all qualifying players in wins above replacement last season, and while he isn’t on a team that will likely finish the season ranked within the top 10, he’s a huge chunk of Kansas State’s offense and one of the toughest RBs to hold in check over 60 minutes.

Vaughn’s big-play ability could result in a 2,000-yard rushing output and a 500-yard receiving output. At 100-1, he’s a long shot whose skill set warrants a lower price tag in the betting market.