Sometimes, good isn't good enough, and that seemed to be the message for Miami QB Carson Beck. Beck was solid and led his Miami Hurricanes to a 26-7 win over Florida in Week 4, but still saw himself edged out atop the Heisman Trophy odds list. Oklahoma QB John Mateer, who led a 24-17 win over No. 22 Auburn, has taken over the top spot.
Updated Heisman odds from Caesars:
— Mike Rodak (@mikerodak) September 21, 2025
John Mateer +700
Fernando Mendoza +850
Carson Beck +1000
Josh Hoover +1200
Dante Moore +1200
Gunner Stockton +1400
Marcel Reed +1500
Joey Aguilar +1500
Garrett Nussmeier +1600
Tommy Castellanos +1600
Jeremiah Smith +1600
Julian Sayin +1700
Beck held a narrow lead on the field in the Caesars' post-Week 3 odds at +825, but slid to +1,000 despite his win. Beck was 17 for 30 for 160 yards and an interception as Miami rushed for 189 yards and leaned heavily on its defense in the win.
Mateer, on the other hand, was front and center for a top-flight victory. The dual-threat standout connected on 24 of 36 pass attemps for 271 yards and a touchdown. Mateer added 29 yards and a touchdown on the ground as the No. 11 Sooners held off Auburn for the win. Mateer was behind Beck a week ago at +850, but sees his odds shorten to +700 in the post-Week 4 Caesar's odds.
The big mover in Week 4 was another quarterback-- Indiana's Fernando Mendoza. Mendoza jumped from outside the top dozen players a week ago to second at +850. His No. 19 Indiana Hoosiers blasted No. 9 Illinois 63-10, with Mendoza running the show. The Cal transfer completed 21 of 23 passes for 267 yards and five touchdowns in the easy win.
Other potential candidates are TCU QB Josh Hoover and Oregon QB Dante Moore, who are both at +1200. Hoover was off for Week 3, but his Horned Frogs will be in action on Friday against Arizona State. Moore threw for 305 yards and four touchdowns in an easy beatdown of in-state rival Oregon State.
But the biggest Heisman odds storylines after Week 4 have to be the rise of Mateer and Mendoza and the mild slide of Beck.
Game odds refresh periodically and are subject to change. If you or someoe you know has a gambling problem and wants help, call 1-800-GAMBLER.
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