The 2024 NFL Draft Betting Odds are available. The Vegas betting odds for the NFL Draft were last updated on August 11, 2023:
|Odds to be No. 1 NFL Draft Pick 2023|
|Will McDonald IV||+20000||+20000||+21000|
Now that the NFL Draft for 2023 is over, we can reflect on the great year for the Draft featuring some of the best-emerging talents the league has seen in years. It all started with Bryce Young as the No.1 Pick for the Carolina Panthers, followed by C.J. Stroud and Will Anderson Jr. The full list looks like this:
Although the 2023 Draft is concluded, we can still look forward to the 89th meeting of the Draft in 2024 with great anticipation. This is where bettors can connect college football with the NFL odds.
The NFL draft odds help us have fun with one of the NFL’s most important events. We watch our favorite college football stars fulfill their dreams of going to the big leagues.
At the same time, we get to watch our favorite teams welcome new members to the family.
The draft sets of the whole season rearrange rivalries and will have huge effects on Super Bowl odds. This years’ NFL Draft first-pick odds for Offensive and Defensive players are listed below. Those odds were last updated on August 11, 2023:
|Odds to be No. 1 NFL Draft Defensive Players Pick 2023|
|Will McDonald IV||+7500||+7500||+7500|
|Lukas Van Ness||+7500||+7500||+8000|
|Odds to be No. 1 NFL Draft Offensive Players Pick 2023|
|Paris Johnson Jr||+130||+130||+130|
|John Michael Schmitz||+7500||+7500||+7500|
Vegas NFL Draft bets tend to look specifically at when different players will be drafted. They do not tend to focus on where different players will be drafted. But rather, when.
These can take different forms. You can see bets on who will be the first quarterback or wide receiver drafted. You can also see bets on which round-specific players will be drafted. These bets are all chronological.
Understanding how the NFL draft works is the first and most important step towards making the most of NFL draft odds. It is a fascinating process.
The NFL draft is the single biggest source of recruitment in the NFL. Every team chooses players, one at a time, in reverse order of their final standings from the previous season.
If you win the Super Bowl, you pick last, and if you finished the last place in the league, you get first to pick. The idea is to maintain some sort of competition across the league. This keeps things interesting over the years.
Things get really exciting when teams start to trade their picks. That’s right, each team does not actually have to pick but can trade their position in the round for another team’s player. There are a lot of moving parts to keep track of here.
An NFL draft has been held every year since 1936. Not even the coronavirus or World War II can stop this thing!
It is always good to look around at the consensus NFL mock draft. This is a great tool for you. You can do a couple of things with it.
But what is it? It is basically an average of a number of NFL mock drafts. People play it out, and then they combine it into a sort of consensus. This is why it is so valuable. It is not just one person’s opinion but like a polling average. This can help weed out personal biases.
You can use this as a starting point. Adapt it as yours, then go through it and see where you disagree. Or even imagine alternatives that could be exciting. It can be the foundation of your personal draft.
Or, you can use it as a sort of check. Once you make your own NFL mock draft, you can use the consensus to see if you are really far off. That could be good or bad, depending on how you want to balance your risk and potential reward this season.
Betting with the NFL draft odds is a little different than betting on the outcome of a game. After all, no one wins the draft. Points are not scored.
So let’s go through some of the most common ways this shakes out.
Props are bets that are not on the outcome of any game but on certain benchmarks or milestones. In the context of the NFL draft, they are based on certain players being drafted before or after certain rounds.
For example, each sportsbook releases bets. These bets are based on the question of whether player x, let’s say, Aaron Rodgers, will be drafted before or after round Y, let’s say round 5.5.
If you think he will be drafted in round 4, you bet below the proposition. If you think he will be drafted in round 6, you bet above the prop.
These types of bets require some serious studying of the different teams, their needs, and the lineup of the different players.
A second common type of bet within the NFL draft is the Outright pick. This is a little more straightforward.
In this style of betting, you are picking who will be the first overall pick. There is no more or less. It is a one-off shot. And with many fewer moving parts.
You just have to see the needs of the earliest teams, and how they line up with what the new players offer. Things get more complicated, with more potential for curveballs, as the draft goes. These types of bets stay within the first round.
While we cannot speak for every online sports betting provider, the ones we have recommended do all offer NFL Draft bets. We could even say they offer the best NFL draft bets.
For the best online NFL Draft betting, take a look at the list of bookmakers we provide and you’ll find the best options available to you. NFL draft betting at Bovada is always a good choice. Bovada’s NFL draft odds will be among the first available.
Not always. This really depends on the time of year, as for some providers you’ll be able to wager on the NFL Draft throughout most of the year. But, immediately after the Vegas odds for the NFL Draft, the following year isn’t available.
It can be, but it depends on if there is value in the odds. We would suggest checking around and finding out which odds offer the best value to you as a bettor, not just who is going to win something.
If you’re wondering “can you bet on the NFL Draft in Vegas casinos?” The answer is you certainly can.
You can win big wagering on these markets, as long as you find value in the odds and make sure you put down a good enough stake.
You can normally find them once the order has been released. Once you know which teams will choose in which order, you can start to make bets.
Think about the whole picture. Know which players each team will want, so you can imagine who will be left by the time your bet comes up.
NFL Draft betting can be complicated and tough. That being said, anyone who puts in the research can place the best draft bets!
It is often listed as a futures bet, though some bookies may list it as a prop or special.