Betting On The NFL Draft
Betting on the 2023 NFL Draft is as easy as betting on any other sporting event via the international sportsbooks. Bettors can prepare for the Draft just like their favorite teams do, and even bet on who will be where.
On the sports betting side, bettors need to be aware that betting on the NFL draft might not possibly be changing their lives but there is still action to be had. These draft picks are the ones that determine if your team moves forward for the next few years or if they fade back. From the first round to the seventh, every pick is crucial and jobs are on the line with these major decisions. Likewise, bettors can find various NFL Draft prop bets and some of these payouts very well.
This page is going to explain for many of you the things you have to do and what to watch out for when betting on the NFL Draft. Though many of the wagers will be circled bets (or bets that come with a lower maximum bet amount than usual), it shouldn't stop NFL bettors from having fun. From betting on who will go number 1 overall to comparing the draft position of players, the options are endless at many online NFL sportsbooks. Join in on the fun after reading this page about how to bet on the 2023 NFL Draft.
Is It Legal To Bet On The NFL Draft?
Yes, it is legal to bet on the NFL Draft with online NFL betting sites for many reasons. The first is that regardless of the rules and regulations that are set by individual states on sports betting, the federal government does not have any laws or restrictions that would prohibit you from using them. It is also worth noting that these betting sites have strong backings behind them in the form of gaming commissions in the countries where they reside in. When all is said and done, you cannot get in any sort of legal trouble when using these sites to bet on the NFL Draft.
How To Bet On The NFL Draft
Online sportsbooks will have multiple options for betting on the NFL Draft. With online sportsbooks being the only option, bettors who have an account with these online betting sites will find various prop bets, comparison bets, exact result bets, and more. Odds will be updated all the time on these sites and with so many picks and different things such as trades that can happen during the draft, bettors have to use online sportsbooks to cash in.
Top Online Betting Sites To Bet On The NFL Draft
NFL Draft Betting At Bovada
Bovada is arguably the top NFL Draft betting site given all that they have to offer. Their platform is one of the easiest to use amongst the rest as all of their draft odds can be found in a matter of seconds with access to them right from their homepage. Not only is their site easy to see from the computer, but it is simple from their mobile platform as well. You can log in, place bets, use bonuses, and much more all with the touch of a finger.
NFL Draft Betting At BetOnline
With BetOnline, you can use 17 different types of cryptocurrencies to bet on the NFL Draft. There are many benefits to betting on the NFL Draft with crypto being that the bonuses are bigger, there are no processing times, and no transaction fees whether making a deposit or withdrawal. Some of the cryptos that you can use to bet on the draft at BetOnline include Bitcoin, Ethereum, Litecoin, Solana, and Bitcoin Cash along with other popular altcoins.
NFL Draft Betting At MyBookie
MyBookie is arguably the safest online NFL betting site that you can use to bet on the NFL Draft given that everything you do on their site is protected. Whether it is making a deposit or withdrawal, several backend encryptions protect all of your information, as well as MyBookies servers making sure nothing, will happen to your accounts. If something does go wrong with your account, their customer service team will work hard to walk you through it to a solution.
NFL Draft Betting Deposit Methods
When betting on the NFL Draft, one of the first things you are going to want to get done is make an online betting deposit. This comes easily as you have plenty of options to choose from that vary from your everyday methods to various online banking options. Regardless of which deposit method you choose though, you’ll need to abide by guidelines such as deposit fees, limits, and processing times that can all differ based on your desired financial method and which online betting site you choose.
- Credit/Debit Card
- Money Order
NFL Draft Betting Payouts
After betting on the draft, you’ll need to make your way to the withdrawals tab to collect your winnings. Similar to deposits though, you’ll need to follow the same guidelines if they apply in order to get your funds paid out to you. The main point to note though about withdrawals is that you aren’t able to get your funds paid out to you back to your credit card, you’ll need to choose another method of online banking.
- Wire Transfer
- Money Order
- Check By Mail
Betting On The NFL Draft With Cryptocurrency
With cryptocurrency a continuously growing financial area, it makes sense that you can make both deposits and withdrawals with them on multiple NFL betting sites. Using crypto to bet on the NFL Draft comes easy as not only do you have plenty to choose from, but they do not have the same guidelines as other financial methods. They do not require you to pay a fee on any transaction, have quick processing times, and have manageable limits. The thing to know though is that you can only make withdrawals with crypto if you used that same crypto to make your deposit.
- Bitcoin Cash
- Shiba Inu
The 2023 NFL Draft Order
The NFL Draft order is set based upon the team's records when finishing the season. Hence, the team that finished with the worst record on the year will get the number one overall pick and so forth. If there is a tie for the worst record, they will go based on the tiebreaker which is based on the strength of the schedule by the teams. The 2023 NFL Draft order is not yet set, but will be once the regular season comes to an end.
Betting On The First Pick Of The NFL Draft
In most years, betting on the first pick of the NFL Draft is an easy bet that can be locked in months in advance. The 2020 NFL Draft was a great example when Joe Burrow was a -10000 favorite to be the first pick for the Cincinnati Bengals. 2023 NFL Draft first pick odds have Ohio State’s, CJ Stroud, favored to go first and is followed by Alabama’s Bryce Young.
Betting On NFL Prospects
When it comes to betting on draft picks, sometimes its best to place a bet on the team's need, not what player is best available. At some point later on in the draft that may change but most teams are filling holes that hurt them last year and they want to fix moving forward. Bettors will be able to bet on whether a certain player will be drafted before another player, and usually, they are the same position. This may come as the standard moneyline bet or as a spread with one of the players being favored to be drafted "X" spots before the other player.
Betting NFL Team's Draft Picks
Betting on who a team can pick is very simple but does take a little research for bettors to make sure they earn a lot of money. Odds will be in favor of who many believe a team will choose but with so many options, some surprises could help a bettor win big. As players may have odds upward of +2000 to be selected at a certain location, betting the exact pick of the NFL Draft will pay out majorly.
Betting On Highest Drafted Positional Player
This could be one of the more difficult bets for a sports bettor to make. You are basically placing bets on who the highest drafted player will be at a specific position. These could be based on the talent that the player has but also on how that player looks to a certain team. A team could choose a player based off of not only talent but on how their meeting with the team went as well. These bets could pay out tremendously as these prop bets could be very unpredictable at times.
Betting On Which Power Five School Will Have More Players Drafted
The ACC, SEC, Big 10, Big 12, and Pac-12, otherwise known as the Power Five conferences, produce way more talent than any other conferences out there. Bettors can find odds at NFL online sportsbooks for which Power Five conference will have the most players drafted. This is another hard bet to make, but if you are a follower of both the NFL and College football, it would be smart to test your luck as there is tons of talent coming out of those conferences.
Betting On A Player To Be Drafted In A Specific Round
Betting on a player to be drafted in a specific round is an easy bet to make depending on the player and could also turn a decently sized payout. When it comes to the NFL Draft, there are players that are a lock to get drafted in a certain round and there are players that could always slip down to late in the draft. If you are going to bet on this prop, it would be safe to bet on a player who is proven and almost a sure thing to go in that round. If you want to test your luck and bet on a player that could potentially slip in the draft or be taken earlier than expected, you could be looking at a nice return.
Betting On The Total Number Of Players Drafted At A Position
The number of players at a certain position that are drafted in the same round might not sound too difficult to bet on, but it is harder than you think. This prop bet really depends on the team needs of the teams that are drafting in the round as well as what position they have already drafted. It could also depend on how many players at that position have declared for the draft. Sports bettors who are going to bet on this could be happy with their outcome if they make the right decision.
Betting On The Total Number Of Positional Players Drafted In A Specific Round
This bet could go hand in hand with betting on the number of players drafted at a certain position. It really just depends on how much talent there is at a position. If there is an overabundance of players at one position, teams could opt to wait until one of the later rounds to pick a player from that position. On the other hand, if there isn’t much talent at the position, teams could rush to take those players in the earlier rounds. Sports bettors who are interested in this prop could definitely make a nice impact on their wallets if you make the right choice.
Betting On The Outcome Of The First Three Picks
Betting on the first three draft picks in the correct order is one of the more popular bets and could be easy to make for sports bettors who follow both the NFL and College Football. Some years, at least the first pick is set in stone and other years it could be amongst two or even three players as to who is going to be picked first. Other years it could depend on what the teams needs are for the teams that are picking first, second and third. There are a large number of options for bettors to choose from when making your decision.
NFL Combine Props.
The NFL combine is huge to the NFL Draft and what the team decides to do with their pick. This is basically an interview for players to these NFL teams and placing a bet on these players' performances could be huge as well. With the 40s having to be run and ball drills have to be completed, placing bets on these are available on online sportsbooks. You still will have vertical jumps and bench press performances that you can bet on as well. Different prop bets will be up when it comes to these combine results. These and generally only posted for a short period of time, so staying on top of the NFL betting sportsbook is important when betting on the NFL Combine.
2023 NFL Draft First Pick Odds
These are some of the most popular odds to bet on for the NFL Draft as they are constantly shifting depending on how these college stars perform before declaring for the draft. These odds are also usually the first to post following the end of the draft from the year prior. As the odds sit right now, Ohio State QB, CJ Stroud, and Alabama QB, Bryce Young, are the favorites to be selected first overall.
Finding odds on the NFL Draft doesn’t just have to come from a computer, they can come from any mobile device that has access to the internet. All you have to do to get to these sites is open your web browser on your device and go to the sites URL and log in as you would on a computer. From there you can find all of the NFL Draft odds laid out right in front of you. Some of the mobile devices that can be used to bet on the draft include iPhone, Android, Samsung, iPad, and any other device with internet access.
When Is The NFL Draft?
The 2023 NFL Draft is set for Thursday, April 27 and will go until Saturday April 29. The first day will be the firs round while rounds 2-3 will be on Friday with the concluding of the draft on Saturday.
NFL Draft Betting FAQ's