Let’s look at the updated betting Heisman Odds with only a few weeks left to play. 

A few weeks ago, Michael Penix Jr. and the Washington Huskies took down Bo Nix and the Oregon Ducks by three points at home.

UW moved to 6-0 and No. 5 in the AP Poll, while UO dropped to 5-1 and No. 9. 

More importantly, Penix Jr. was considered the odds-on favorite to win the Heisman Trophy (ODDS), and Oregon quarterback Bo Nix was no longer considered a threat (ODDS).

Oh, how quickly things can change. 

In the weeks following that electric game between the two Heisman contenders, Nix’s Ducks have looked unstoppable, while Penix’s Huskies have looked mortal. 

Over the past four games, Oregon is 4-0 with a +96 point differential, including a 29-point slaughtering of Utah.

During those games, Nix accounted for over 1,300 passing yards and 16 total touchdowns with only one interception.

And given he’s completed over 75 percent of his passes during the stretch, he now leads all qualified FBS quarterbacks in completion rate (77.5%). 

Washington hasn’t lost yet, but the Huskies have struggled.

They only beat Arizona State by eight, Stanford by nine, USC by 10 and Utah by seven.

During those games, Penix completed only 62% of his passes for around 300 yards per game, with eight touchdowns and four interceptions.

In the wake of their head-to-head matchup and against similar competition, Nix has looked like the better quarterback for the more efficient offense. 

To be fair, perhaps we overestimated the importance of that win for Washington. 

The Huskies were lucky to escape that game with a victory. 

Oregon generated two more scoring opportunities (eight to six), seven more first downs (31 to 24) and over 100 yards more total offense than Washington (541 to 415) than Washington while winning the time of possession battle by 10 minutes (35:21 to 25:39), all on the road. 

The biggest reason that Washington won that game, outside of Penix’s miracle fourth-quarter touchdown drive, was because Oregon went 0-for-3 on fourth down.

On the year, the Ducks have converted over 60% of their fourth down attempts, meaning that Week 7 outcome was the outlier. 

So, I think it’s fair to value Nix and the Ducks over Penix and the Huskies, which is exactly what the sportsbooks have done. 

FanDuel has released a hypothetical Oregon vs Washington Pac-12 game line with the Ducks as 6.5-point neutral-field favorites.

And Nix is now the betting odds leader to take home college football’s most coveted individual award. 

Here are the full Heisman odds, courtesy of FanDuel:

In my opinion, whichever quarterback wins that Pac-12 Championship game, barring a Washington or Oregon loss in the two weeks before that, will win the Heisman. 

Given Oregon is a projected -295 ML favorite in that game, I don’t mind a bet on Nix at the current -110 odds. 

LSU’s Jayden Daniels always will be in the mix because of how absurdly efficient he is, but I’m unsure if there’s a path for him to win the award.

The Heisman is partially a team award, and the Tigers weren’t good enough this year because of the horrific defense — The Action Network’s Brett McMurphy’s Bowl Projections don’t even have the Tigers making a New Year’s Six bowl. 

While I’d be surprised if anyone overtakes Nix or Penix for the Heisman this late in the season — two stud quarterbacks putting up huge numbers for College Football Playoff contenders is tough to beat — but there are two guys I’m keeping an eye on. 

Marvin Harrison Jr. put up 150 yards and two touchdowns on seven catches last week in Ohio State’s 38-3 routing of Michigan State. Many people are calling it Harrison’s “Heisman game.” 

Harrison’s amassed more than 1,000 yards receiving this season with seven 100-yard games. He’s personally accounted for about 40% of Ohio State’s passing output this season.

Kyle McCord and the No. 1 AP-ranked Buckeyes’ offense would be dead in the water without Harrison, which is a wild thing to say. 

If Ohio State bowls through Michigan, wins the Big Ten Championship game and makes the College Football Playoff on the back of Harrison, he’d have a really strong Heisman case.

That’s especially true if the CFP Committee leaves Washington and Oregon out. 

Team success is vitally important to winning the Heisman. So, how could you give the award to a guy whose team failed to make the CFP? 

With that in mind, let’s look at the CFP Committee’s favorite team’s quarterback.

Carson Beck has been low-key dealing in the second half of the season. He has five 300-yard games in his past seven tries, with a 15:4 touchdown-to-interception ratio during those weeks.

He’s now top-10 among qualified quarterbacks in both Pro Football Focus’s passing grades and total Expected Points Added (EPA).

Beck is the offensive engine for a Georgia offense that ranks top-10 nationally in EPA and Success Rate. 

He just shredded Ole Miss for 306 yards at 12.2 yards per attempt.

He had to go through adversity, playing without his best weapon, Brock Bowers, for nearly a month. 

And Beck is doing it all for the nation’s best team.

I wouldn’t be surprised to see Beck sitting next to Nix and Penix in New York once the time comes. He’s been too good. 

The odds might be a tad long on him at 35-to-1. I think I’d power rate him above Daniels in the Heisman race.