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Burrow Heisman Odds Hit 1/300 But These Other Options Might Offer A Real Profit
10th December, 15:18Ladies and gentlemen, this year's Heisman Trophy is going to LSU quarterback Joe Burrow, and while not officially decided, current betting odds of 1/300 have made this all but a foregone conclusion.
Clemson's Trevor Lawrence and Alabama's Tua Tagovailoa, the two qb's featured in last year's National Championship game, had been pegged as the frontrunners when the markets first opened, with Burrow opening at 200/1.
His sudden rise to success saw his odds quickly fall in line with other candidates, and by mid-September, the Tigers' QB had cemented himself as a true contender for the honors.
From a sports betting perspective, the Heisman Trophy race is often close to decided before the 870 media votes are even cast. However, the sheer magnitude of his lead is one that we haven't seen replicated in recent history.
For the sake of comparison, NFL rookie phenom Kyler Murray was seen as the probable recipient of the 2018 award, but bettors could still find him available at prices of -190 over Alabama's Tua Tagovailoa (+150), with a $190 bet on the Sooners' signal caller seeing a $100 profit.
Burrow's current odds require bettors to pony up $300 for a minuscule $1 return. One online bookmaker we spoke with let us know that the maximum wager amount allowed on the option was $75,000, and for those with the cash in hand, a max bet would net them $250 in total profits.
Hardly worth the effort.
Always the trendsetters, online sportsbooks have found a way to keep this wagering event exciting by allowing bettors to wager on not only who wins the award, but the margin of victory as well.
Historically speaking, O.J. Simpson's 855 first-place vote count in 1968 is the highest tally recorded, with Tory Smith's 801 first-place votes in 2006 places him 2nd behind "Juice".
Having opened Joe Burrow's over/under tally at 805, oddsmakers are hinting that Burrow could likely overtake the second spot, and bettors can even take a chance on him topping one of the most dominant Heisman campaigns the sport will likely ever see.
Sports bettors looking to stick with the more traditional forms of wagering can always opt to bet on which player receives the 2nd most votes behind Burrow's probable victory.
With little separating Hurts and Young, this option offers the most promise for college football buffs looking to profit off of the award ceremony.