Legal NFL Draft Betting
When it comes to legal sports betting in the NFL offseason, nothing fills the need for football fans more than the NFL Draft betting odds. While the NFL Draft signals hope and new beginnings for all 32 teams, it also can bring in big money for those looking to wager on the selection process.
Betting on the NFL draft has become more popular than ever before, with sportsbooks offering hundreds of unique odds across the entire draft process. Bettors today can bet on all kinds of events and situations that occur during the draft. Things like player position, team order, offensive/defensive player chosen, and many more are all given odds. Here on this page, we will go over all the different types of draft bets you will see, where you can go to place bets on the draft, how to place these wagers, and anything else you need to know.
How To Watch The NFL Draft – When Is The 2020 NFL Draft?
The 2020 NFL Draft is being held on Thursday, April 23, 2020, at 8 PM EST. For the first time in history, the draft will be held virtually due to the coronavirus pandemic. This socially distant draft will feature teams sending in their picks to the commissioner via telephone or internet, who will then read them out from his own home’s basement. Truly the 2020 NFL Draft will be remembered for a long time.
The NFL Draft will be highly televised, especially as the draft is virtual this year. While many radio and streaming options exist, the best location to watch the NFL Draft is on the ESPN affiliates. SiriusXM will also provide coverage.
- April 23, 2020: 8 p.m. EST – ESPN, ABC, NFL Network. Round 1
- April 24, 2020: 7 p.m. EST – ESPN, ABC, NFL Network. Rounds 2 and 3
- April 25, 2020: 12 p.m. EST – ESPN, ABC, NFL Network. Rounds 4-7
How To Bet On The 2020 NFL Draft
To begin betting on the NFL Draft, all one must do is find a reputable sportsbook. Knowing a sportsbook is safe and reliable is important, as many unregulated sites are present online. Keep in mind that all sites listed on our network are trusted and licensed by a gaming authority.
Choosing a bonus is the next step in signing up to bet on the draft. If a bettor plans on staying for a while, consider taking the bonus. However, for those who are looking for a quick payday, avoid the glamor of the bonuses, as these can prevent you from withdrawing in a timely manner.
Bonuses come in all shapes and sizes, but using Bitcoin comes with the most rewards. Not only will your money be transferred into your account before the NFL Draft is over, but you will also be able to withdraw by this method as well. Keep in mind that only cryptocurrency depositors can be cryptocurrency withdrawers.
Once these steps are complete and you have filled out your personal information, begin betting. It is that easy and only takes a few seconds to get set up. Therefore, if you want to find a betting site to bet on the NFL Draft, you will be able to signup and place your bets in time.
Betting On The Most Current 2020 NFL Draft Odds
Betting on the NFL Draft should not be difficult. While there are many prop bets and choices to select from, all of them come with the same standard format. Sportsbooks will offer a betting line where bettors must select an over-under, choose a moneyline, or select an answer from a list of options. The standard over-under bets on the NFL Draft can have odds that fluctuate just like the moneyline. For those looking for the biggest paydays, look for prop bets that feature many choices with big positive-numbered odds.
NFL Draft Round 2 Odds
As the NFL Draft persists, there will be odds for every round. The second round of the draft is incoming and with it brings a slew of odds and betting lines for how the round will turn out. Betting on the NFL Draft second round is a great way to stay in the action throughout the draft. A betting line that is garnering a lot of action is the number one pick of the second round. The Bengals currently hold that pick, with sports bettors taking action on whether or not they will trade down the pick for assets or multiple picks. Current odds show sports bettors believe the Bengals will keep their pick.
Bengals Trade Down from #1 of Round 2
- No -700
- Yes +400
NFL Props And Futures
NFL prop bets should also be thought of whether focused on a single game, the Super Bowl, or a betting event like the NFL Draft. Props for the 2020 NFL Draft can range in topics regarding a certain player, team, or situation entirely. While some of the questions may be graded as the draft is happening, others may stand until the season begins depending on what is asked.
Will A Team Not Get A Pick In On Time?
- Yes -105
- No -115
Player’s Exact Position
This is a straight forward bet that will give you multiple options on where you believe a certain player will be selected. You will then have the option of choosing which pick that player will go, with each option having varying odds. These bets also typically include a ‘field’ option, which means any other option that is not currently listed. These bets typically feature good odds and can be very beneficial if you are convinced that a player is going to a certain team. Player position bets will look something like this:
When Is Tua Tagovailoa Selected?
- Pick 5 +150
- Pick 3 +225
- Field +350
- Pick 6 +500
- Pick 4 +850
- Pick 2 +1600
Offensive/Defensive Selection For A team
This is another straightforward bet that is very simple to figure out. With only two options, you are deciding if a team will select an offensive or defensive player with their pick. These can come with varying odds, since sometimes it is very apparent which side of the ball the team is looking to draft. Other times it can be more up in the air depending on draft position and who is available. An offensive/defensive draft bet will be listed like this:
Dallas Cowboys First Pick
- Defensive Player -240
- Offensive Player +165
This bet takes the highest prospects from a certain positional group, and gives you odds on which player will be drafted first, and options on the order that they will be drafted. Books will list out the highest prospects for that position and give each their own odds to be picked first. They will also offer exact order bets that will list out the order that the first quarterbacks, wide receivers, running backs, etc will be chosen, each with their own odds.
Again, these can vary from very equal odds, where the books aren’t quite sure where a player is leaning, or very skewed odds where the pick is obvious. As always, be sure to do proper research for this kind of bet. Here is how positional group bets will appear in your sportsbook:
First Wide Receiver Drafted
- CeeDee Lamb -160
- Jerry Jeudy +165
- Henry Ruggs +450
- Field +5000
First 3 Wide Receivers Drafted – Exact Order
- 1. Lamb 2. Jeudy 3. Ruggs +225
- 1. Jeudy 2. Lamb 3. Ruggs +300
- 1. Lamb 2. Ruggs 3. Jeudy +400
- 1. Jeudy 2. Ruggs 3. Lamb +1000
- 1. Lamb 2. Ruggs 3. Jefferson +1000
Player Selection Over/Under
The draft features its own unique version of the over/under bet. The draft over/under takes a certain player and assigns them a draft position. It is then your job to decide if that player will go before (under) or after (over) the position listed on their odds. These can be very fun bets that can change rapidly due to a player falling or rising in draft stock. A draft over/under bet will be listed like this:
Which Pick Will Andrew Thomas be Drafted?
- Under 10.5 Pick -270
- Over 10.5 Pick +180
Betting A Player To Be A First Round Pick
As easy to understand as it appears, the first-round pick bet is odds on whether a player will be drafted in the first round or not. This can be a little more difficult to predict since you are dealing with fringe players that lie at the end of the first round. Players will fall out of and rise into the first round rapidly as teams adjust their big boards. Due to this fluctuation, you can usually find good odds for these wagers. A first round pick bet will look like this:
Will AJ Epenesa be a 1st Round Pick?
- Yes -160
- No +120
College Team/Conference Comparisons
These are unique bets that have to do with which colleges the drafted players come from. Bets in this category can vary from things like which conference has the most players in the first round, to which specific college has the most of a certain position, and many more. Here is an example of what a college specific draft bet would look like in your sportsbook:
More First Round Picks
- Alabama -0.5 Players Drafted -150
- LSU +0.5 Players Drafted +110
Total Number of Position Players
This is a bet dealing with the overall results of the first round. You will be able to wager on the over/under of the number of players from a certain position group that are drafted during a certain period, like over the first round. This can be a very hard bet to predict, but therefore comes with better odds. Usually, books will have an odds-on favorite for the under or over, which could help your decision making. Here is what this type of bet looks like:
Total DBs Drafted In Round 1
- Under 6.5 DBs Drafted -250
- Over 6.5 DBs Drafted +170
As you can see, there are a good number of bets that one can choose from when looking to get action on draft night. These are some of the most common options, but you will find many more across different sportsbooks.
Compensatory NFL Draft Picks
Every year during the NFL annual meeting, teams who have lost more players than they were able to gain in free agency are given up to four extra picks to help offset the losses. This is also considered for teams who lost and gained the same amount of unrestricted free agency, but lost higher-valued players than they received can also be granted a single seventh-round pick. The purpose of the compensatory picks is to keep the balance in the balance in the league and help the bleeding of franchises who struck out during free agency. Going into this NFL draft, the New England Patriots, who lost their star QB Tom Brady, now hold 4 compensatory picks. This is the most a team can hold and they are the only team with the max amount.
- Teams With Compensatory NFL Draft Picks
- New England Patriots (4) Round 3: 98, Round 3: 100, Round 6: 212, Round 6: 213
- Denver Broncos (3) Round 5: 178, Round 7: 252, Round 7: 254
- Houston Texans (3) Round 3: 97, Round 7: 247, Round 7: 250
- Minnesota Vikings (3) Round 3: 105, Round 7: 249, Round 7: 253
- New York Giants (3) Round 3: 99, Round 7: 247, Round 7: 255
- Philadelphia Eagles (3) Round 3: 103, Round 4: 145, Round 4: 146
- Baltimore Ravens (2) Round 3: 106, Round 4: 143
- Miami Dolphins (2) Round 4: 141, Round 7: 251
- Chicago Bears (1) Round 4: 140
- Dallas Cowboys (1) Round 5: 179
- Los Angeles Rams (1) Round 3: 104
- Pittsburgh Steelers (1) Round 3: 102
- Tampa Bay Buccaneers (1) Round 4: 139
- Washington Redskins (1) Round 4: 142
What Teams Don’t Have A First Round Pick In The 2020 NFL Draft?
With trades and offseason moves, building through the NFL Draft isn’t an option for every team. Instead, teams can trade first round picks (or any other pick in the draft) to acquire other players. Heading into the 2020 NFL Draft, there are six teams without a first-round pick. Though they can still make moves to find themselves picking a player on Thursday, it shouldn’t be expected to hear their names the first day.
- First Pick For Teams Without A First Round Pick:
- Indianapolis Colts: Pick 34
- Houston Texans: Pick 40
- Pittsburgh Steelers: Pick 49
- Chicago Bears: Pick 50
- LA Rams: Pick 52
- Buffalo Bills: Pick 54
The Top Quarterbacks In The 2020 NFL Draft
While Joe Burrow is -100000 to be the first overall pick, he is clearly the dominating quarterback of the 2020 NFL Draft. Still, the second and third quarterback off the board aren’t expected to fall too far down the line. With this, the over-under for quarterbacks drafted early is alarmingly high.
Second QB Drafted In 2020
- Tua Tagovailoa -210
- Justin Herbert +145
- Jordan Love +2200
Third QB Drafted In 2020
- Justin Herbert -200
- Tua Tagovailoa +165
- Jordan Love +800
How Many QBs Will Be Drafted In Round 1?
- Over 4.5 +525
- Under 4.5 -950
The Top Running Backs In The 2020 NFL Draft
Running backs are never seen as too valuable come draft time. While many players like J.K. Dobbins, Jonathan Taylor, and D’Andre Swift to leave the college realm, the production doesn’t always translate to a high draft pick. As running backs are viewed as replaceable assets, the RB draft props are listed a little differently.
First Running Back Drafted
- D’Andre Swift -215
- Jonathan Taylor +300
- The Field +550
- JK Dobbins +850
Highest Drafted Running Back
- Clyde Edwards-Helaire -215
- J.K. Dobbins +165
- Cam Akers +1200
How Many RBs Will Be Drafted In Round 1?
- Over 1.5 +600
- Under 1.5 -1200
Best Place To Bet On The NFL Draft
Now that we’ve gone over the different types of wagers, it is time for you to actually place your bets. When it comes to betting on the NFL draft, you have a couple options. The easiest and most readily available is to use one of our many recommended online sportsbooks. These sportsbooks are legal, reliable, and come complete with all of the types of bets we have listed above. These sites use state-of-the-art software that is constantly updated with the latest odds up to and during the draft. Most of these books will also offer promotions for new users who sign up and deposit for the NFL draft.
If you happen to live in a legal US betting state, then you also have the option of using a state licensed sportsbook. These books will have draft betting odds, but usually have fewer options than the online platforms. Always check your local book for their betting options though, as some states have not regulated NFL Draft betting and are not eligible to offer betting lines on the event.
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Mobile Betting On The NFL Draft
Those looking to bet on the draft using nothing but their mobile device are in luck. Most, if not all, of the major online sportsbook platforms are available to use on mobile devices. Simply head to your betting site’s website via your device’s browser, and you will be greeted by a mobile betting version of the same site you see while on your desktop or laptop. These mobile adaptations have all the same odds and features as the full site, and will allow you to place your bets from anywhere. As long as you have an internet connection, you will be able to bet on the NFL Draft from anywhere.
NFL Draft And Live Betting
Live NFL Draft betting is one of the premier ways to wager on the draft. With live betting, you will be able to bet on every round and every potential name called. Live betting is a way to stay in on the action throughout the draft with many betting lines and odds. These wagers go by quickly so you will have to place your bits as soon as they come. This is one of the premier options when it comes to sports betting as it keeps players engaged throughout the event.
Is Betting Real Money On The NFL Draft Online Safe?
While there can be sites that are not recommended to use, betting real money on the NFL Draft is safe provided that you visit an online sportsbook that is licensed and regulated. While these online sportsbooks are not regulated in the US, they still must follow guidelines set forth by the countries they are licensed in. Always read reviews and trust what has been heard through the grapevine. If you’re still stuck, check out the recommended sportsbooks on our page for a step in the right direction.