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 About 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 the likelihood of winning, which 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.