2020 NFL Football Draft Online Betting
Football seems to always be on the minds of Americans. Of course, you can bet all throughout the season and on the playoffs. Futures are available year-round and season win totals are always a fun bet in August. Betting on the NFL Combine has become a thing, so naturally, why not bet on the NFL Draft?
The NFL Draft is one of the most significant events of the football calendar, and for many, it begins the countdown until Week 1 of the regular season. What kind of bets can you place on the NFL Draft? What strategies should be used to make profitable bets on the Draft? Read on to find out.
Best NFL Football Draft Betting Sites
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2020 NFL Draft Online Betting Markets
The betting markets available for the NFL Draft are all up to the imagination of the bookmakers.
Betting markets include things like
- Which player will be selected 1st overall?
- Which player will be selected with the #3 pick of the 1st round?
- What will x team do with their 1st round pick?
- What college football conference will have the most selections in the first round?
- Will player x be selected in the 1st round?
There also can be an over/under betting markets for each round
- How many running backs will be selected in the 1st round?
- How many quarterbacks will be selected in the first round?
These are some of the bets that NFL betting sites may come up with when betting on the draft. Betting markets for the NFL draft are really up to how creative the oddsmakers want to be at their sportsbook.
NFL Draft Betting Strategies
There are a few strategies to consider when betting the NFL Draft. Like other NFL proposition markets, limits will be lower than sides and totals, and pricing will be -115 at most sportsbooks. However, props are notoriously not as sharp as bigger markets that have higher wagering limits, so there are edges to be had.
Follow News Surrounding the Draft
Twitter and sites like Rotoworld.com are excellent sites for following NFL related news and getting it faster than anyone else. Beat writers of teams can all be followed on Twitter and offer inside scoops before major news sources pick up the story. You may be able to gain an edge and beat some sportsbooks on a line move if news breaks and you act quickly. However, this can be tough.
If you see a sharper sportsbook move their odds on specific NFL Draft markets or take odds down on certain markets – there may be an opportunity to pick off betting site that haven’t moved yet. Though, it’s worth mentioning that management may cancel bets on these types of markets if they deem the news broke before they could take down the wager.
Follow Team Needs, But Tread Lightly
We’re of the opinion that a lot of front offices across the league and coaches, as well, don’t know what they’re doing. Some teams are stuck in the NFL of 15 years ago and end up drafting and coaching their teams like it is 1998. It’s always good to have knowledge of team needs and college athletes, but assuming that a team will take a player that makes the most sense for their franchise or that they understand talent evaluation, is sometimes a fool’s errand.
If you trust talent evaluators on specific franchises or know the strategy of particular GMs it makes more sense to make bets based on this information. However, don’t be shocked if teams make puzzling decisions with their draft picks. To learn more about pro football betting during the season visit our NFL Betting Guide.
Use Multiple Online NFL Betting Sites
We continue to preach the importance of line shopping to bettors, and we’re not going to stop anytime soon. Getting the best price on your bets is the most critical aspect of becoming a profitable sports bettor. This is especially true for prop bets like NFL Draft betting markets, which will have far more variation in the odds compared to sides and totals. Spreading your money around to multiple sportsbooks not only lets you line shop much more efficiently, but it will give you some extra cash for your bankroll in the form of sports betting bonuses if you’re making a new account.
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