Find out how to bet on the NFL Draft online with our in-depth betting guide. Check out what kind of bets you can place, with some tips and tricks ahead of the 2023 ꦆNFL Draft.
Disclaimer: Betting on the NFL Draft is not permitted in New York.
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2023 NFL Draft: The Preview
The NFL draft is just a day away and there is still speculation about who will be the first overall pick. Right now, Alabama QB Bryce Young is the favorite to go first overall. Ohio State quarterback CJ Stroud opened as the favorite to be the first overall pick in the ꦉdraft, and since then👍 odds have moved heavily in the direction of Bryce Young.
The Carolina Panthers have the first overall pick and it will be interesting to see which young quarterback they take. Stroud, Young, Anthony Richardson and Will Levis each have their strengths and weaknesses, so we’ll have to see what Carolina does on draft day.
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Most Common NFL Draft Bets
There are a wide range of different NFL Draft m൲෴arkets for you to wager your money on, however we understand that they can sometimes be confusing. The Post goes through some of the markets offered and explains them below.
First Overall Pick
No doubt everyone’s eyes will be fixed on who the No. 1 overal🅰l pick is ♏in the draft. When you visit any of the best NFL draft betting sites, you’ll likely see this market at the forefront of their draft selections.
For this wager, you are betting on who will be selected first overall in the draft, with this year’s first pick belonging to the Carolina Panthers. The market for the first overall draft pick would look something like this:
| Player | Odds to Be No. 1 Overall Pick |
|---|---|
| Bryce Young | -2000 |
| Will Levis | +1000 |
| CJ Stroud | +2500 |
| Anthony Richdardson | +7500 |
It is often the case that there is an outright heavy favorite, with this year’s favorite being Bryce You﷽ng. This is because Carolina has a need at QB and holds the No. 1 pick.
The only thing that matters with this market is whether the player you’re betting on is drafted first overall or not. This bet does not take into account the player’s position, or the team whi🐼ch drafts them, just solely if they are the first pick in the draft.
As well as “first player drafted” markets, there are also second and third player drafted markets as well. In this instance, you will only need to focus on the players that are drafted second and third, not the teams or position they play, however it’ll be important to consider the teams that have the second and third overall picks when placing your bets.
Team’s First Player Drafted Markets
This market is very simple to understand, because this wager is picking which player a specific team will draft first. If you’re a Jets or Giants♒ fan, then this is a great way to get♔ involved in the draft.
There are a number of factors to take into account when betting on this market, such🌄 as what number pick each team has in the draft, as well as the players that are available. ;
For example, the New York Jets have this year’s 15th overall pick, meaning you’ll need to think about all the teams picking before the Jets, as well as the Jets’ roster needs
The betting for a market like th☂is wꦆill looking something along the lines of this:
| New York Jets First Player Drafted | Odds |
| Paris Johnson Jr. (Offensive Tackle) | +275 |
| Broderick Jones (Offensive Tackle) | +300 |
| Peter Skoronski (Offensive Tackle) | +500 |
| Joey Porter Jr. (Cornerback) | +650 |
| Darnell Wright (Offensive Tackle) | +950 |
| Bryan Breese (Defensive Lineman) | +1000 |
| The Field | +425 |
As you can see, there are players that play several different positions♏ here, meaning the market is wide open for who they will select. The odds are also very enticing, as there are so many variables to consider.
Position of Team’s First Pick
With this market, you’lꦑl only be betting on the position of the player that a team chooses as their first pick, and not the player the🎉mselves.
Here, you will need to take into accouꦓnt the different players that are available in the draft, the number pick a team has, as well as the dept𓃲h each team has in each position.
For example, if the New York Giants are lacking depth at wide receiver, there’s a decent chance they target a wide receiver with their first pick.
New York has the 25th overꦫall pick in the draft, and the market for what𒁏 position it will take looks something like:
| Position of Giants First Draft Pick | Odds |
| Cornerback | +125 |
| Wide Receiver | +150 |
| Offensive Lineman | +500 |
| Defensive Lineman | +900 |
| Linebacker | +2500 |
There will a🅷lso be Position of Second Draft Pick markets available for the teams who have the highest picks in the first round. It’s important to do your research before placing any of your NFL Draft bets, especially if you’re betting on certain marke🤪ts, such as First Position Drafted.’
As seen below, quarterbacks are the outright most popular choice when it comes to the first draft pick, but this may not be the case this year. Regardless, it’s important to keep in mind the statistics from the pre🔯vious NFL drafts.
| Year | First Position Drafted |
| 2009 | Quarterback |
| 2010 | Quarterback |
| 2011 | Quarterback |
| 2012 | Quarterback |
| 2013 | Offensive Tackle |
| 2014 | Defensive End |
| 2015 | Quarterback |
| 2016 | Quarterback |
| 2017 | Defensive End |
| 2018 | Quarterback |
| 2019 | Quarterback |
| 2020 | Quarterback |
| 2021 | Quarterback |
| 2022 | Defensive End |
Team to Draft Player Markets
This market, much like the others, is also quite simple: you🐎’re betting on which team will draft which player. If you’🅰ve followed a player closely through college, or are just a fan of their style, then this market is for you.
Similarly to the Position of First Team’s Pick market, you will need to consider the overall pick a c♈ertain team has, the position of the player and the team’s i🦩ndividual needs for their roster.
When betting on this market, it’ll be helpful to consider the First Player Drafted markets when deciding which player/team you’re betting on, as if a team has the sixth overall pick, they most likely won’t be getting Travon Walker, the favorite in this year’s draft.
In terms of the market itself, this is how one would usually look for this year’s N🅺FL Draft, using QB Anthony Richardson as an example.
| Team to Draft Malik Willis | Odds |
| Tennessee Titans | +200 |
| Seattle Seahawks | +250 |
| Indianapolis Colts | +350 |
Draft Prop Markets
NFL Draft prop bets allow you to bet on the more obscure and irregular markets during the NFL draft, giving you the chance to get creative with your picks ahead of draft🌌 weekend.
Some of the most popular prop markets are the position of “Mr. Irrelevant” (who will be selected last), or in which round the first kicker or punter will be drafted in. These props are fun ways of spicing up the draft, and offer some different markets.
These markets allow users to 🦂bet on a different side of the NFL Draft, avoiding the more p🐷opular markets in the process.
Totals Draft Markets
In terms of the NFL Draft, total betting is where you bet on whether the tot🦂al number♏ of players drafted per position will be over or under a certain line that has been predetermined by the sportsbook.
For ♛example, you may bet on the🥃re to be over a certain number of wide receivers drafted in the first round, or under a certain number of quarterbacks drafted in the second round.
An example of the betting for this m✃arket can be seen below:
| Quarterbacks Drafted in Round One: 4.5 | Odds |
| Over | -215 |
| Under | +158 |
In addition to this, bookmakers will also offer odds on specific teams to draft over or under a certain number of players per position, with this market allowing you⛄ to focus on individual teams instead🐟 of the overall draft.
For example, a market such as this will look somethiไng along the lines of:
| Giants to Draft Wide Receivers 1.5 | Odds |
| Over | -110 |
| Under | -105 |
Betting on specific teams’ draft results offers a more unique avenue to go down with your NFL Draft betting, as you’re only focusing on what 🙈specific teams do with their picks as opposed to the draft as a whole.
Betting on Draft Position
Player Draft Position marౠkets are easy tඣo understand, as to put it simply: you are betting on whether you think a certain player will be drafted over or under a line that’s been predetermined by your sportsbook.
An example of what this marke🦩t may look 🌸like can be seen below:
| Bijan Robinson Draft Position 12.5 | Odds |
| Over | +182 |
| Under | -250 |
These markets are beneficial if you’re looking to bet on a specific player’s draft position, or if yo🉐u prefer to bet on the NFL draft while just focusing on certain players.
First Positional Player Drafted
This market is very similar to First Player Drafted markets, with 𒉰the only difference bein🍬g that here, you’re betting on the first player drafted for each position, such as quarterback or offensive lineman, and not first player drafted overall.
The betting🅠 for a m𒁃arket such as this will end up looking something like:
| First Wide Receiver Drafted | Odds |
| Jaxon Smith-Njigba | -430 |
| Zay Flowers | +450 |
| Quentin Johnston | +1000 |
| Jordan Addison | +1600 |
| Jalin Hyatt | +4000 |
It’s important to consider the draft order, as well as which🌟 teams are weak in certain areas, when betting on this market, as this can make your picks a lot easier to choose.
Live Draft Betting
Live betting, or in-play, comes into its own for the NFL Draft🅰. As teams draft players, the odds and lines ar☂e constantly changing, with surprises a regular occurrence in the first round of the NFL Draft.
Online sportsbooks will have markets on the next player to be dra🌳fted, or next position to be drafted, which will be constantly updated🐷 throughout the draft. Expect last minute trades, unexpected selections and plenty more.
- Check out the best live betting sites
Where can you bet on the NFL Draft?
Here’s a list of states where betto𒉰rs are legally allowedꦫ to wager on the NFL Draft:
- Arizona
- Louisiana
- Illinois
- New Hampshire
- Indiana
- Colorado
- Tennessee
- New Jersey
- Michigan
- West Virginia
Please note: You are not allowed to bet on the NFL Draft in New York.
How to bet on the NFL Draft FAQs
When is the 2023 NFL Draft?
The 2023 NFL Draft begins on April 27 with Round 1. Rounds 2 an🀅d 3 will be on April 28, with Rounds 4-7 closing it out on Saturday, April 29.
Who are the best players in the 2023 NFL Draft?
This year’s draft class is headlined by the quarterbacks. Alabama’s Bryce Young is the favorite to be selected first overall, while Ohio State’s CJ Stroud, Kentucky’s Will Levis, and Florida’s Anthony Richardson are all expected to be top 10 picks. Alabama outside linebacker Will Anderson, Georgia defensive tackle Jalen Carter, and Texas Tech defensive end Tyree Wilson are the most high-profile defensive players in the 2023 NFL Draft.
Where can I bet on the NFL Draft?
Many of the best sports betting sites will offer a range ♊of markets for the NFL Draft. Check out the best sports betting sites to see which offers you can claim ahead of the 2023 NFL Draft.
How can I watch the NFL Draft?
The entirety of the 2023 NFL Draft will be broadcast across ABC, ESPN, anওd NFL Network, as well as streamed on NFL.com.