The NFL Draft is an event that changes the lives of aspiring professional football players forever, as their lifelong dream of making it to the NFL finally comes true. For those of us that won’t hear our names announced by NFL Commissioner Roger Goodell, you may be wondering how to bet on the NFL Draft.
In this NFL Draft betting guide, we will go over some of the many different wagers you can place on the NFL Draft, how to read NFL Draft betting odds, the best NFL Draft prop bets as well as how to watch the 2022 NFL Draft.
Whether you’re a beginner or seasoned bettor, here are some money-making tips on how to bet on the NFL Draft.
NFL Draft Betting Odds Explained
NFL Draft betting odds are part of all wagers related to the 2022 NFL Draft. No matter the bet you’re placing, you must be able to read and understand the odds in order to know what you’re risking.
Unlike a bet on an NFL game, NFL Draft bets most often have betting odds with a large range. If the bet is extremely likely to hit, then the odds will feature a negative number, like -250. This means a bettor will need to risk $250 in order to potentially win $100. If the odds were -120 or -200, then you’d risk $120 or $200 to win $100. The more you are risking, the larger of a favorite the side is.
Adversely, if the bet is considered more of a longshot, there will be a plus sign in the betting odds. For example, at +200, you only need to risk $100 to potentially win $200.
NFL Draft Prop Bets 2022
NFL Draft prop bets are the most common way to bet on the 2022 NFL Draft. There are many different NFL Draft prop bets for you to put some money down on. Some of the most bet prop bets include predicting at what draft slot a player will be selected or which player will be drafted at a specific pick.
From now until draft day, there will be lots of reports coming out about these draft prospects and where they are expected to be selected. If your analysis proves to be correct, you may be able to make some money with NFL Draft prop bets.
Here are a few prop bet articles, including the odds for the #1 pick in the 2022 NFL Draft:
NFL Draft prop bets also include the over/under on draft position. Much like betting over or under a point total for a game, bettors will be predicting if a player will get selected earlier or later than the given draft position. For example, the over/under for wide receiver Garrett Wilson is set at 10.5. Over 10.5 (+130) means Wilson getting selected 11th or later would pay out $130 on a $100 bet. Under 10.5 (-175) means Wilson will be a top-10 pick and would pay out $100 on a $175 bet.
Bettors can also wager on which draft prospect at a specific position, like QB, RB or WR, will be the first to be selected. In the 2022 NFL Draft, Malik Willis has the best odds at -155 while Kenny Pickett has +130 odds to be the first QB selected.
How Does the NFL Draft Work?
The 2022 NFL Draft will feature seven rounds and 262 players will be selected. NFL teams are ordered one through 32 based on their winning percentage, and other tiebreakers, from the previous season. Additionally, teams are awarded compensatory draft picks based on “losing more or better compensatory free agents than it acquires in the previous year,” per the NFL.
The draft picks a team possesses are assets that can be used to select players in the current draft. The picks can also be traded to other teams around the league for current or future draft picks as well as rostered players.
The first round of the 2022 NFL Draft will take place on Thursday, April 28, 2022. The second and third rounds will take place on Friday, April 29, while Saturday, April 30, will feature Rounds 4-7.
What Channel is NFL Draft On?
The 2022 NFL Draft will kick off at 8 p.m. EST on Thursday, April 28. There will be draft coverage on ESPN, ABC and the NFL Network. If you have access to any of those three channels, you will be able to watch the NFL Draft for free. All three networks also have apps to watch the NFL Draft.
NFL Draft: Watch for Free
Draft coverage on Friday, April 29, will begin at 7 p.m. EST, then it will begin at 12 p.m. EST on Saturday.
Now that you know how to bet on the NFL Draft, as well as how to watch the event, all that’s left to do is place some wagers.
Best Sportsbooks for NFL Draft Betting
There are many great sportsbooks for NFL Draft betting. However, knowing which one to pick can be tough and time-consuming. As a result, our expert team has put together an in-depth guide to the best betting sites for you to bet on the NFL Draft.