NFL Draft Betting Guide 2024 – Best Sportsbooks for NFL Draft Betting

The team at Sports Talk Philly has prepared a detailed NFL Draft betting guide to help our readers find the best odds online, the most market coverage, and the premier bonuses in 2024.

We have also provided a selection of picks and tips and detailed explanations for the most popular lines and props. So, swat up ahead of the big night in Detroit, Michigan, and best of luck banking some cash online betting on the 2024 NFL Draft.

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Top 10 Sportsbooks for NFL Draft Betting in 2024

Our NFL betting experts have spent dozens of hours assessing the top offshore sportsbooks and how they compare regarding the 2024 NFL Draft. Whether you are looking for unique props, live betting bonuses, or market-leading odds, these sportsbooks are one hundred percent safe & verified and cover most bases regarding the big night in Detroit, Michigan.

  1. BetOnline – The Best Overall Sportsbook for Betting on the NFL Draft in 2024
  2. BetUS – Largest Sportsbook Welcome Bonus in the Industry
  3. Bovada – Huge Range of Props, Including “Top 3 – Exact Order
  4. MyBookie – Best Odds for the “Mr Irrelevant” Draft Betting Market
  5. Sportsbetting.ag – High Limits and Re-Bet Functionality; Back the Same Pick Twice!
  6. BUSR – Well-Rounded NFL Betting Site with Competitive Draft Odds
  7. XBet – Lowest x7 Rollover Requirement on the Welcome Bonus
  8. TGCasino – Wager on the Draft Anonymously Using Telegram Messenger
  9. Everygame – Top Choice for Draft Parlays; Several Parlay Promos Available
  10. BetNow – Claim Back up to 2% of Your NFL Draft Betting Losses

Best NFL Draft Sportsbooks Reviewed

For a more detailed assessment of the top 5 sportsbooks for betting on the NFL Draft this year, take a look at the reviews below.

1. BetOnline – The Best Overall Sportsbook for Betting on the NFL Draft in 2024

betonline - no.1 overall pick odds

BetOnline is our recommended top pick for betting on the NFL Draft, mostly because the odds are very competitive, and there are many lines to choose from. You can make single bets on the Draft’s first-round props, like Caleb Williams or Jayden Daniels, to be a top-10 pick or make a parlay of your No. 1-10 overall picks. Other categories you will find on the NFL are draft positions, Conferences, Mr. Irrelevant, and Specials. The Panama-based platform also has a $50 risk-free player prop bet you can use anytime.

To increase your odds, you can make straight bets, parlays, teasers, or If Bets. And don’t sweat about missing any of the action come Draft night since you can jump right into the platform’s revamped live betting suite and wager during the ceremony. This is a good chance for canny bettors to take advantage of the value odds on offer before betting lines are adjusted.

One of BetOnline’s biggest selling points is its early lines. It’s a sharp sportsbook that allows you to bet on Division, Conference, Super Bowl, and Player award winners way ahead of the NFL season. Payouts are pretty quick, too, especially when using cryptocurrencies. The sports betting market leader supports 16 cryptocurrencies for deposits and withdrawals, as well as traditional card methods.

Pros
  • NFL futures betting lines up early
  • Supports 16 cryptocurrencies
  • Risk-free player prop bets are available
  • Supports live betting
  • Odds boost feature
Cons
  • No e-wallet option for deposits and withdrawals

 

2. BetUS – Largest Sportsbook Welcome Bonus in the Industry

betus - nfl draft betting lines

BetUS is another NFL betting site with many betting options and markets for its users. You will find abundant lines for the NFL Draft, regular season, playoffs, and college football. It also has a TV with talk shows on everything NFL, including the NFL Draft. The 90-minute BetUS NFL Draft Prediction Show hosted by Jared, Smith, Steve, and Doug discusses 1st round picks, positions, team selections, and overall picks. You can check out each expert’s draft picks on their Twitter handle @BetUSProFB.

If you are one for contests, it might interest you that BetUS has a couple currently running. One such is a $100 giveaway for correctly predicting the 1st, 2nd, and 3rd picks in the NFL Draft 2024. You can let your friend in on these contests, too, and get rewarded. Referring a friend can qualify you for a 150% bonus, up to $3,000, to bet on your favorite NFL Draft betting markets. It can also get you into a raffle contest.

We loved the blog section just below the betting lines. Clearly, BetUS understands not everyone is a regular and provides users with betting strategies and insights on how the Draft betting odds work, etc. You may also find several NFL-related articles containing picks and tips that could help you make more informed betting picks over in The Locker Room.

Pros
  • Several bet bonuses and promotions
  • Draft preview and prediction shows
  • Rich prop betting options
  • Picks in The Locker Room
  • Above-average line-up of Draft props
Cons
  • Welcome bonus has a high deposit requirement
  • Slightly confusing bonus terms for newcomers

 

3. Bovada – Huge Range of Props, Including “Top 3 – Exact Order”

bovada - no.2 draft pick odds

Bovada, licensed in Curacao, is an excellent option for those seeking NFL Draft betting props. The platform has all the standard props, plus lines up for the exact order of the top 3, O/U on individual player draft position, and number of position-X selected in round-Y. 

Once the regular NFL season kicks off, there are very few NFL betting sites that provide the same level of coverage. At Bovada, you can wager on a host of props and alternates, including player rushing/receiving yards and alternate passing yards. Same-game parlays, uncommon at offshore sportsbooks, are a further feature. You can parlay multiple prop bets from the same game and claim parlay bonuses that accrue. Can’t find a line you want? No problem! You can build your bet yourself. You can request it on x.com using #WhatsYaWager. 

Like many other bettors, you might be struggling to keep track of the important NFL betting dates. Fortunately, you now customize the Bovada calendar feature to see upcoming live events and those scheduled for later. Finally, register in 2024 and you can claim a 25% fiat sports welcome bonus and 75% crypto welcome bonus and claim up to $1,000 in extra cash to put toward your football bets. 

Pros
  • Boosted odds on daily specials
  • Has same-game parlays
  • Extensive selection of draft props
  • Best odds on Caleb Williams for No.1 overall pick
  • Can request bets
Cons
  • Unavailable in some US states

 

4. MyBookie – Best Odds for the “Mr Irrelevant” Draft Betting Market

mybookie - mr irrelevant betting lines

MyBookie is our favorite place to place Draft prop bets. While sites like BetOnline, for instance, provide lines for first-round picks, which are No. 1-10 overall picks, you get even more on MyBookie. They have over/under NFL betting lines on the number of cornerbacks, offensive linemen, quarterbacks, running backs, PAC-12, and SEC players to be picked in the first round, and plenty more where that came from. 

There are also many NFL Draft markets on which to wager. There are the first-round, first-drafted position, the overall pick, draft position, exact playing position, and team-to-draft player options. MyBookie, like many on this list, has competitive odds, and you will get regular boosted odds and specials—only more so when the actual football season begins. Still, the NFL Draft is a good opportunity to hedge, and MyBookie is a good place to do so.

MyBookie keeps its users returning with its generous bonuses and odd boosts (available on daily specials). There is also a Refer a Friend bonus for referrals. If you introduce a newcomer to the platform via your referral link and they make a $50 minimum deposit, you can get a bonus of up to $200.

Pros
  • Extensive prop bet options
  • Comparatively wide range of bonuses and promotions
  • Wide range of betting markets
  • NFL draft betting tips blogs
Cons
  • Dated betting interface
  • Technical hiccups during desktop testing

 

5. Sportsbetting.ag – High Limits and Re-Bet Functionality; Back the Same Pick Twice!

sportsbetting.ag - conference big10 draft odds

Sportsbetting.ag is another good sportsbook to place your bets on the NFL Draft. Like MyBookie, it has many bet types to utilize come April. There are betting lines for draft positions, first-round picks, first-round props, Conferences, Mr. Irrelevant, and Specials. A further perk here is the $10,000 NFL Draft Predictor contest. 

We loved the Specials market in particular. In the Specials section, you can find betting markets like How many cats will be shown during round 1, which highlight will broadcast the show first, which round Luke McCaffrey will be drafted, etc. Many bettors will agree that this is a hit-or-miss thing. For single bettors, it could be a good opportunity to make sizable winnings, even with low stakes, since the odds are comparatively higher than markets like the No.1 overall pick.

New bettors would love it here, too, thanks to the re-bet functionality. If a leg on your parlay wager loses, you can use the re-bet option to repeat the wager. This is a lot more convenient than manually selecting the same options again.

Pros
  • Great Draft specials
  • Re-bet functionality
  • Accepts crypto; additional crypto welcome promo
  • NFL Draft Predictor contest
Cons
  • No live-streaming function

2024 NFL Draft Betting Odds: A Comparison

The team at Sports Talk Philly has been swatting up on the best sportsbooks for betting on the 2024 Draft in terms of the early-line value provided on the odds. In the table below, we’ve included a few points of comparison on the top four favorites for the first overall pick in Detroit (best odds in bold).

As you can see, if you were planning a sharp wager on Caleb Williams to go off the board at No.1 to the Chicago Bears, BetUS offers vastly superior value. However, if you have assessed public betting trends and analyst opinions and plan to go against the crowd regardless, Bovada provides better value on the underdogs.

Sportsbook Caleb Williams Jayden Daniels Drake Maye Marvin Harrison Jr.
BetOnline -50000 +3300 +4000 +10000
Bovada -100000 +5000 +7500 +10000
MyBookie N/A N/A N/A N/A
BetUS -25000 +2000 +3000 +5000
Sportsbetting.ag -50000 +3300 +4000 +10000

How We Select NFL Draft Betting Sites

Ahead of the 2024 football season, teams are preparing to exploit the NFL Draft and create a roster capable of lifting the Lombardi Trophy come February. Fans are excited about this anticipated event and looking to leverage their knowledge and gut feelings into a winning bet.

Luckily, we’ve provided the best NFL draft betting sites to place your wagers. We don’t just throw darts at a board; we’ve carefully and meticulously selected these top-tier sites to give you the best possible experience. Below are the features and elements that separate the pretenders from the contenders in our book.

Variety of Betting Markets

The more variety, the more chances to find that perfect wager and score a big win. Our ranked NFL draft sportsbooks provide a range of exciting betting markets to spice up your experience. Regular and player and team prop wagers like 1st Overall Pick, Player Landing Spot, Mr Irrelevant, Draft Position, and many more are available.

Some of these sites even feature special bets, such as how many cats will be shown during Round 1, how many trades there will be in Round 1, and what will happen first—there are numerous options.

NFL draft betting markets

Expert Analysis & Prediction

With expert opinions and predictions, you can make more informed betting selections. Some top platforms like BetUS provide a show where you can watch analysts offer predictions and options to help refine your picks. They’ll provide up-to-the-minute updates on trades, rumors, and last-minute changes that could impact the order of the evening.

BetUS NFL Draft Show

Competitive Odds

We compared betting lines across several sportsbooks, choosing the ones with the most competitive odds to ensure you’re getting the best bang for your buck. Using any of our endorsed platforms, you can confidently place bets knowing you’re on hand to receive optimal returns.

Generous Bonus Offers

All our ranked NFL Draft betting sites offer sizeable bonuses for new and returning customers. From sign-up bonuses and reload offers to free bets and VIP programs, there are several promo offers to help boost your bankroll. Claim your bonus and place a 1st Overall Pick bet on Caleb Williams, Jayden Williams, or Drake Maye.

Safety & Security

At Sports Talk Philly, we want to ensure the safety of our readers, so we selected NFL draft sportsbooks with valid licenses from reputed jurisdictions like Curacao, Panama, and Costa Rica. We also checked industry analysts’ and fellow bettors’ opinions of the sites and received positive feedback.

Our experts have also confirmed that these NFL Draft platforms provide security features like SSL encryption, secure payment methods, and 2-factor authentication.

NFL Draft Betting Lines Explained

As part of our continued efforts to show you how to bet on the NFL, this next section details and explains a selection of the betting lines on the sportsbooks mentioned above.

1st Round

The first Round is one of the most popular NFL Draft betting markets. Essentially, it involves predicting which college players will be picked in the first round. The props under this betting market include the number one overall pick, the number two overall pick, etc.

Experience shows the number one overall pick is not a very profitable betting market, as there is usually a clear frontrunner. Typically, this player receives large minus odds. The overwhelming favorite this season is Caleb Williams (-50000) odds. This means you will need to wager $50k to profit $100.

1st round pick NFL SportsTalkPhilly

Draft Position

There are two main bet types under this category: moneyline and over/under. For the moneyline market, you must predict the first or second picks for different positions (cornerback, defensive lineman, linebacker, offensive lineman, running back, and wide receiver).

The minus odds are the favorites, and the plus odds are the underdogs. If Quinyon Mitchell is listed at -180, you must wager $180 to win a $100. Over/under odds are also available. The sportsbook sets a player’s estimated pick position, and bettors can wager whether that player will be selected over or under that number.

Draft Position NFL Draft - SportsTalkPhilly

Mr. Irrelevant

A cheesy name, we know! It is a nickname for the player selected last in the Draft. Unlike what you probably expect, you won’t be wagering on any player in particular. Rather, you will be placing bets on the player’s position. In this market, every betting line has plus-money odds, as it is relatively difficult to predict.

For instance,

  • Quarterback: +350
  • Defensive Line/Edge: +500

Mr. Irrelevant - SportsTalkPhilly

Top 5

This betting market involves predicting what players will be selected within the first five picks in the first round of the NFL Draft. Bettors may also wager on the order in which they will be selected or if a particular player will be among the top five picks in the first place. Generally, the most talented prospects from college football are usually picked first.

Team First Pick By

In this market, bettors can predict which team will make the first selection in the draft. Your bet is successful if your selected team makes the first overall pick. This should be straightforward, considering the team with the worst record in the previous season makes the first pick. However, teams can trade their draft picks, which adds some twists to the game.

Player Drafted By

In this betting market, the sportsbook sets odds on what team will draft a specific player. For instance, you can wager on what team would select Blake Corum. The odds are usually positive for players outside the top 10 picks since it is difficult to tell what team would draft them. It is the opposite for the top 3 picks, as predicting what team might draft them is easier.

2024 NFL Draft Betting Tips

As always, betting is a risky business, and there is no surefire way to win money. That said, you certainly won’t go amiss by following these useful NFL Draft betting tips penned by our seasoned experts.

1. Keep an Eye on Expert Mock Drafts During the Build-up

Speculation around the draft begins months ahead of the actual event. Top industry analysts, scouts, and NFL insiders converge, assessing the wants and needs of each team and how such needs correlate to the top picks on the draft board. Of course, not everything written by these experts should be taken as gospel, but as the saying goes, there’s no smoke without fire. If enough analysts are predicting player X going to franchise Y at Pick Z, there’s a solid chance that something has been leaked ahead of time.

2. Put Yourself in the General Manager’s Position!

I know more about football than anyone else on God’s green Earth. You do, too, I’m sure. However, this doesn’t mean that either of our opinions aligns well with what a franchise’s GM is thinking at the NFL Draft.

As much as we all might have thought C.J. Stroud was the blatant No.1 overall pick at last season’s event in Kansas, Panthers GM Scott Fitterer clearly had his heart set on Bryce Young. Fitterer is quoted as saying that he knew Young would be the pick from the moment he spoke to him at dinner the week before the 2023 Draft. The point here is to remember that you are NOT the one calling the shots, so go with consensus-agreed team needs over your own personal agenda.

3. Shop Around for the Best Odds & Keep it Sharp

This is a simple instruction but harder to follow once the event gets underway: always shop around for the best NFL Draft odds, especially once the event goes live. Oddsmakers are reactive and will constantly maneuver with each hotshot taken off the board or whenever a team trades up and down the pecking order.

We recommend following along with several sportsbooks open to watch for value bets and/or bookmakers slow to react to the latest picks and moves. In addition, don’t be lured into speculative longshots: we’ve never had much success with this when Draft betting. Franchises, more often than not, will gun for the best player on the board in the position they need to fill. So, keep your bets sharp, and don’t be afraid to up your stakes when you think a pick is nailed on.

Top 2024 NFL Draft Betting Picks

Caleb Williams is widely expected to be the No. 1 Overall Pick, with odds around -10000 on numerous sportsbooks. It would be criminal to risk $1,000 of your bankroll on this bet just to win $10. Let’s look at three alternative NFL draft betting picks that offer the potential for a more substantial payday.

Marvin Harrison Jr. to go No. 4

The son of a Super Bowl champion and Hall-of-Famer, Marvin Harrison Jr., is a highly-rated wide receiver who played for the Ohio State Buckeyes. Notably, he’s receiving the 2023 Fred Biletnikoff Award and a two-time Unaminous All-American.

If Harrison Jr. misses out on the top three, we expect Arizona to go for him without hesitation. After losing Marquise Brown to the Kansas City Chiefs, the Cardinals are left with either Michael Wilson or Greg Dortch. Surely, they could do with a guy like MHJ. The 21-year-old is priced at -575 to go No. 4 on Bovada.

Bovada NFL draft pick 2024

Rome Odunze to be in the Top 10

Rome Odunze is a wide receiver who last played for the Washington Huskies, where he finished as runner-up for the national championship in 2023. With an impressive career tally of 121 receptions, 2,699 yards, and 31 touchdowns, his prowess on the field is undeniable. He’ll undoubtedly be a catch for any NFL team.

We expect Odunze to be a prime target for one of the top 10 teams in the draft order. Bovada offers odds of -145 for Odunze in the Over 8.5 Position market, and we think this is a very good selection.

Bovada NFL draft pick 2024 2

Under 6.5 Wide Receivers

We know Marvin Harrison Jr., Malik Nabers, and Rome Odunze will be the top three wide receivers in the NFL Draft. However, it gets very murky past that top tier. Due to injury concerns and off-field issues, there are question marks over Brian Thomas Jr., Adonai Mitchell, and Xavier Worthy.

Moreover, there’s a deep talent pool of wide receivers, so teams can still find quality starting-caliber players in the second and third rounds. For these reasons, we don’t expect to see more than six WRs picked in the first round. You can get a wager on the ‘Under 6.5 Wide Receivers’ market on Bovada and get -500.

Bovada NFL draft pick 2024 3

The Final Word: Best Sportsbook for Betting on the NFL Draft

Each sportsbook featured in this guide offers plenty to hopeful bettors looking to wager on this year’s Draft. They are all licensed and verified by our team of experts; you can transact using cards and crypto at all of them, and–most importantly–each one offers a host of markets for the Draft at industry-leading odds.

However, if you want our favorite platform for wagering on the Draft, it has to be BetOnline. This sportsbook offers the largest variety of Draft betting lines, including a solid selection of specials and props. In addition, you can claim a free $50 wager on the prop betting market and a 50% matched deposit worth up to $1,000.

NFL Draft 2024 Betting FAQs

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