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The Ins and Outs of Betting on The NFL Draft

Late April is truly the dog days of sports betting. Football season has long been over – sorry XFL – and it doesn’t start back up for months. March Madness is now a fading memory and the NBA playoffs have started but they are only playing like a game a week. So, what is a sports bettor to do during this sparse time? Luckily, there is a great betting event that comes up the last weekend of April that real bettors know and love to wager on ufabet.
NFL Draft Betting Tips
The 2022 NFL Draft took place between, April 28 and Sunday, April 30, 2023. While most people probably don’t think about the draft as a big-time gambling event, but it’s grown as a betting opportunity in recent years. With the rise of online gambling of all sorts, from online casinos to sportsbooks, events like the NFL Draft have gone from hardcore football nerd fare to gambler’s dream weekend. Here is everything you need to know about the ins and outs of betting on the NFL Draft.
No Drama in the #1 Pick
Many years there is an argument at the top of the draft board over who goes number 1 overall and this is always a fun place to bet. The years when there is two viable top of the draft options are always the best whether it is Peyton Manning vs Ryan Leaf or a more recent example like Jared Goff vs Carson Wentz.
In 2020, there will be no such drama unless something truly crazy and unexpected happens. LSU quarterback Joe Burrow is the odds-on favorite to be the number 1 overall pick whether it is by the Cincinnati Bengals or someone else who trades up for it. Burrow’s odds are at -2200 to be the pick and the next closest player is Chase Young, the Ohio State defensive end at +1200. The moral of the story here is to stay away from betting on the top pick this year.
Betting on Picks 2 -5
This year, the smart money and the action as far as betting on where people will go will be on picks 2 through 5. The Redskins at pick number two are a little bit of an exception but picks 3 through 5 for sure will be fun to wager on.
At pick 2, conventional wisdom says that they will go with Young but if you know anything about the Redskins, they are anything but predictable. Following the NFL Draft combine, there have been whispers that the Skins might take injured Alabama quarterback Tua Tagovailoa with the second pick. While this still seems unlikely, there could also be a trade up for the banged-up signal-caller so betting on Tagovailoa at 2 could make you some money.