The NBA is a wildly popular betting draw and the action really kicks up during the playoffs, but the fun does not have to end when the season does. New Jersey online sportsbooks now allow you to place a wide variety of wagers on the NBA draft.
NBA betting involves a lot of prediction work so it only makes sense that the NBA draft would be the next frontier for players at sportsbooks to conquer. NBA draft betting naturally allows you to predict which players will go when but you can also bet on how many freshmen will be taken in the first round, whether a certain player will go in the first round, or how many trades will happen on draft day.
You don’t have to wait until draft time to bet on NBA draft odds or props. In fact, you can place a wager on which player will be drafted first overall pretty much as soon as the last draft wraps up.
Here is a quick rundown on how NBA draft odds work and the types of wagers you can place.
NBA Draft Odds
All NBA draft bets are placed on the moneyline. The moneyline denotes the ratio of your bet to the payout. A minus sign denotes that an event is likely to happen while a plus sign means that an event is considered less likely.
First, let’s start with the most basic draft bets. NBA draft betting allows you to wager on which player will be picked first. In some cases, like when Zion Williamson comes out, the odds skyrocket to -4000, meaning you would have to bet $4000 to win $100. Usually the odds are more reasonable and look like this:
Player 1 -250
Player 2 +150
Player 3 +300
In this case, Player 1 is favored to be picked first overall so you would have to bet $250 to win $100. Player 2 also has a chance but is less likely to go first, so a $100 bet on Player 2 would win you $150. Player 3 likely won’t go first but if he does, your $100 bet would net you $300.
How to Bet on NBA Draft
Once you have the moneyline down, you can bet on more options than which player will be taken first. Sportsbooks offer a wide range of prop bets that allow you to predict all sorts of draft happenings. Here are some examples of draft prop bets from previous years:
How many freshmen taken in the first round? Over/under 12.5
How many Duke Blue Devils players will be drafted in the first round? Over/under 2.5
How many trades will happen on draft day? Over/under 11.5
How many players from Europe will be drafted in the first round? Over/under 5.5
There are also countless matchup props that allow you to predict which of two specific players will be drafted first, whether a certain player will be drafted in the top 15 or bottom 15 picks, and even whether Knicks fans will boo their first-round selection.