The 2024 Heisman Trophy race had its first real movement at the top on Saturday when Texas quarterback Quinn Ewers led the No. 3 Longhorns to a dominating 31-12 win over No. 10 Michigan, the reigning national champion. After the win, he vaulted to the top of several Heisman Trophy lists and became the betting favorite to win the stiff-arm statue. But now that Ewers is the one to beat, is he the one to bet?

Here are my Week 3 Heisman Trophy value rankings. I will go through these rankings every two weeks to help bettors find value in the market.

Odds via DraftKings 

What player grabs the No. 1 spot in Menez's rankings? ... Join SportsLine right now to see Gene Menez's Heisman Trophy odds rankings, all from a former Heisman voter and college football writer!