2024 NFL Draft ODDS & LINES

Overview

The 2024 NFL Draft will take place between April 25-27, in Detroit, Michigan. It is a three-day draft over seven rounds. This has turned into a big-time event, especially over the last decade. Many bettors are looking to get in on the action with the NFL Draft’s popularity rising.

During the 2023 process, some scouts were already talking about 2024 prospects. Many believe the 2024 NFL Draft could be one of the strongest classes in years, led by a talented crop of quarterbacks. With notable players littered through the 2024 class, this could be the perfect time to participate in NFL Draft betting. What should we know for betting online?

The quarterback prospects will headline this group of prospects. Ahead of the college football season, Caleb Williams of USC has been tabbed as the significant favorite to be the No. 1 overall pick by NFL lines. Scouts have consistently compared Williams to Patrick Mahomes of the Kansas City Chiefs. That’s about the best comparison you can get. Mahomes could be the most talented QB we have ever seen.

North Carolina’s quarterback Drake Maye is expected to be Williams’ best competition for the top pick. Following an excellent 2022 season, Maye has been labeled as a potential top-three pick thanks to his elite arm and impressive athleticism.

Wide receiver Marvin Harrison Jr. of Ohio State is another player that is must-see TV. He could be the first non-quarterback selected and the highest receiver drafted since Calvin Johnson in the 2007 NFL Draft. Offensive tackles Olumuyiwa Fashanu (Penn State) and Joe Alt (Notre Dame) are also expected to contend for top-five selections.

Top-tier programs, like Alabama, Georgia, Ohio State and Clemson, are always worth paying attention to. These programs constantly churn out first-round prospects, which has a big impact on online gambling.

How Do 2024 NFL Draft Odds Work?

It is also vital to know how the 2024 NFL Draft odds work. Any odds with a negative number is the favored pick. For example, Williams is -550 to be the No. 1 pick. A $550 wager is required for a $100 profit. The highest negative number will always be the favored pick.

Most lines for the draft will be a positive number. The lower the number, the higher likelihood of winning, but this also means lower winnings. Maye is +400 to be the first pick, while Harrison is +1000. In this scenario, a $100 bet on Maye would yield $400 in profit, while Harrison would net $1,000 in profit.

Not all bets are centered around specific players. As the draft nears, the sportsbook will offer lines for which position teams will pick in the first round. Plenty of props are always available, especially after the college football season ends. During the offseason, gamblers can predict which position will be Mr. Irrelevant – the last pick of the draft. NFL odds are offering an offensive player/kicker or defensive player/punter.

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Developing a betting strategy for the 2024 NFL Draft can be simple. Knowing the prospects well and how they are trending is the most useful tool. However, that is easier said than done. That can take hours of time, but it is worth the effort if you win big.

It begins with the college football season. Keep an eye on some of the top prospects. During the offseason, we already have a good idea of which players could be first-round picks. This will quickly change as the college football season unfolds. Upwards of 10 projected first-rounders fall into the later rounds annually.

Mock drafts can also be helpful. More times than not, the order of picks is far off. But mocks do a great job of projecting which players will fall in the first round. Most odds are for the first round, so this can be extremely helpful.

Following the NFL is also necessary. Teams are looking to address their weaknesses in the draft. If we know each team’s weaknesses, predicting which player falls where becomes far easier. For example, the Arizona Cardinals are expected to be one of the worst teams in the NFL. Wide receiver looks like an early need for the 2024 draft. If Arizona holds a high pick, Harrison makes a lot of sense.

Ultimately, being familiar with these prospects is the biggest key. This makes nearly every bet easier, which should lead to more winning. In-depth knowledge becomes a major advantage when attempting to predict some sleepers. The sportsbook typically offers props for if a player will be a first-round pick. If the player is trending in the right direction and several teams could use the position, it could be worth the risk.

For example, linebacker Jack Campbell had positive odds to be a first-rounder in the 2023 NFL Draft. Multiple teams in the first round needed a linebacker, and he was the top option with his stock rising. Campbell falling in the first round was not a complete stunner.

Popular 2024 NFL Draft Bets

The first round will always take center stage for NFL Draft betting. This round includes 32 picks and garners the most attention with the best prospects. Of course, the most notable players will appear the most frequently in betting.

Once picks are locked in after the NFL season, lines are available for which player each team will pick. This is usually one of the most popular bets, along with predicting the first overall selection.

Sometimes the sportsbook will offer odds for a star college football player that does not have a high stock. For example, quarterback Stetson Bennett led Georgia to back-to-back national titles in the 2021-22 and 2022-23 seasons. Bennett was one of the most well-known players in college football. However, he was not considered a first-round prospect. Bennett was missing from many lines, so BetUS Sportsbook offered a prop for which round he would be drafted.