2024 NFL Draft Betting - Odds, Promotions, and Top Picks

The 2024 NFL Draft, scheduled for April 25th to April 27th, is a cornerstone event that promises to reshape the rosters of the NFL's 32 teams. Hosted in Detroit, Michigan, this year’s draft highlights the aspirations of hundreds of young athletes and marks a critical strategy point for franchises aiming to bolster their lineups with top-tier talent.

This annual event sees teams select prospective players over seven rounds, with the order determined by the previous season's standings—the worst teams get the premier picks, ostensibly to promote parity within the league. This year, particular attention is on the Houston Texans, who hold the first overall pick, a coveted position that often results in selecting a potential franchise player.

Among the top prospects expected to make a significant impact are Jalen Carter, a defensive powerhouse from the University of Georgia, and Caleb Williams, a standout quarterback from USC. Both of them have dominated pre-draft discussions. Analysts are also closely watching Marvin Harrison Jr., a dynamic wide receiver from Ohio State who has been turning heads with his exceptional playmaking skills.

All odds below are from DraftKings Sportsbook, updated on April 18.

Number 1 Pick

Longshot Prediction for the overall 1st pick

For a high-value pick for the number 1 pick in the 2024 NFL Draft that offers a potentially higher payout due to longer odds, Marvin Harrison Jr. might be an interesting choice. As a standout wide receiver from Ohio State, his odds for the first overall pick are significantly higher, often around +4000 at various sportsbooks. While quarterbacks typically dominate the top picks, betting on a non-quarterback like Harrison could yield a substantial return if a team breaks from tradition due to his exceptional talent and potential impact on the field.

This choice carries more risk because wide receivers are rarely selected first overall in the NFL Draft. Still, the reward could be sizable if a team with specific needs and a strategic mindset opts for a top-tier offensive weapon over a quarterback. Always consider the current team needs, draft strategies, and last-minute developments in the league, which can significantly affect draft decisions and betting odds.

Number 2 Pick

High payback Prediction for the overall 2nd pick 

J.J. McCarthy, the quarterback from Michigan, could be a compelling option for a high-value pick for the number 2 pick in the 2024 NFL Draft. His odds have been more volatile, with some sportsbooks listing him with longer odds (such as +3000 a while back), but recent movements have shown significant shortening, reflecting increased speculation about his rising draft stock.

McCarthy has showcased considerable talent and has been discussed increasingly as a potential top pick. If you believe that the teams at the top of the draft order might shift their focus or if there's an unexpected turn in pre-draft assessments or team needs, betting on McCarthy could offer substantial upside. The volatility in his draft stock and odds makes him an intriguing high-value bet for the second overall pick, especially as discussions around him heat up closer to the draft day.

Number 3 Pick

Number 3 Pick and prediction

For a high odds pick for the number 3 pick in the 2024 NFL Draft, considering someone like Bo Nix, the quarterback from Oregon, could provide substantial value. His odds, as found at around +7500, indicate a lower probability of being selected this early, translating into a higher payout if he gets chosen.

Bo Nix's impressive performance at Oregon has made him a standout candidate among quarterbacks. The dynamics of the NFL Draft often shift due to team needs, trade scenarios, or surprising decisions made on the day, potentially moving a player like Nix up the board unexpectedly. Opting for Nix as a high-value bet could be advantageous for those looking to leverage higher odds for a significant return, especially if the first two picks do not go as anticipated and teams start to prioritize different needs or best-available talent strategies.

For more odds on the NFL Draft 2024, visit Draftkings.com.

Betting Odds Explained

Understanding how to read and interpret odds is foundational in sports betting, and the NFL Draft is no exception. Odds for the NFL Draft can vary significantly, offering a variety of betting opportunities. These typically include odds on who will be the first overall pick, which can be quite lucrative if you have done your homework.

For instance, betting on the first overall pick often involves analyzing college performance, combine results, and team needs. A quarterback might be a favorite in many drafts due to the high value of the position, but surprises can happen, especially if a team trades up at the last minute, seeing value in a defensive game-changer or another critical position.

How to Bet on the NFL Draft

When betting on the NFL Draft, there are several types of bets to consider:

• First Overall Pick: This is the most straightforward bet, focusing on who will be selected first.
• Positional Bets: Bettors can wager on which player will be the first at their position to be drafted, such as the first running back or the first wide receiver.
• Over/Under Picks: These bets involve wagering on the over/under of the draft position for a specific player, which requires in-depth knowledge of team needs and draft strategies.

Common Mistakes to Avoid

Betting on the NFL Draft can be fraught with pitfalls, particularly for the unseasoned bettor. Here are some common mistakes to avoid:

• Emotional Betting: Avoid making bets based on personal bias towards favorite teams or players. Betting decisions should always be based on thorough research and objective analysis.
• Following the Crowd: Just because a majority of the bets are going in one direction doesn’t mean it’s the right decision. Often, the best value lies in contrarian bets that go against conventional wisdom.
• Ignoring Important News: Last-minute injuries, trades, or changes in team management can all affect draft decisions. Staying updated with NFL news up to the moment of the draft is crucial.

✅ Know what you are looking for in the sportsbook.
✅ Read what other customers have to say about the sportsbook.
✅ Familiarize yourself with each sportsbook
✅ Consider the banking options available that are most suited for you

Simply by signing up with your full name, e-mail, username, a strong password for the account, phone number, date of birth, the last four digits of your social security number, and answer some security questions you can already sign up at a sportsbook and make your first deposit or wager once registered.

Most sportsbooks accept all forms of internet banking, credit cards, debit cards, and e-wallets.

NFL Draft betting is pretty much the same from one sportsbook to another. But it can get confusing for first-timers so here’s a list of bet types commonly found in football games. Most NFL Drafts bets revolve around the players and whether or not they’ll be in the team for this year’s match or not.

✅ First Player Draft Market
It is betting on which player will make it to the draft.

✅ Team’s First Player Draft
It is pretty similar to the first player draft, the only difference is that you pick which player will be picked in a specific team.

✅ Team First Pick’s Position
Instead of the player, you will place a bet on which position will be first drafted to the team.

✅ Team to Draft Player Bet
You pick on which player will get drafted on which teams.

✅ Moneylines
It’s the simplest wagering as you will pick on who will be the no. 1 pick

✅ Over/Under
Or commonly known as totals, you mostly bet whether the combined final score will be over or under the number that has been determined.

✅ Futures
It is to bet on future outcomes like who will be the victor of the entire tournament.

✅ Prop Bets
It bets on some specific result in-game props, player props, or team performance.

Here are some tips to consider before you choose your picks in football betting.

✅ Research a team’s past performance and record
✅ Learn basic odds
✅ Focus more on one team
✅ Decide wisely on your investment or money
✅ Plan ahead of time