Best NFL Draft betting sites for 2023

Best NFL Draft betting sites for 2023

The 2022 NFL Draft might be over, but planning is already well underway for 2023. As sportsbooks worldwide gear up for it, we’ve gathered everything NFL sportsbetting fans need to know to maximize their bets—and boost their bankrolls—for the biggest NFL event of the offseason.

After the football world’s biggest even of the year—the Super Bowl—NFL Draft betting is one of the most popular sports betting specials of the NFL year.

And it’s easy to see why.

In this guide to the best NFL Draft betting sites of 2023, we’re unpacking everything NFL sports betting pros—and novices—need to know to get the most out of this fast paced pick extravaganza.

We’re also going to break down:

  • The basics of NFL Draft betting
  • How to bet on the NFL Draft in 2023
  • Where to bet on the NFL Draft in 2023

Let’s get started with everything you need to know ahead of the 88th installment of the NFL Draft in Kansas City, Missouri, next year.


Read More:

Best NFL Betting Sites List

How to Bet on NFL Games?

Super Bowl Odds 2023

What Is NFL Public betting and Best Strategy to Employ


About NFL Draft betting

Whether you’ve been involved in NFL betting online for 8 days or 8 years, wagering on an offseason event like the NFL Draft is likely to be completely different to any other wagering you’ve ever done.

Why?

For starters, it takes a different set of skills to nail down this once a year event. It takes a new level of understanding. Of course, it also takes a little luck.

Sportsbooks across the US and worldwide have taken the time to capture the massive interest in the season’s NFL Draft by delivering a more competitive market and a deeper menu of betting options than ever before.

For NFL betting fans everywhere, this can only mean one thing: 2023 is the year to bet on the NFL Draft.

In the next section, we’ll look at the types of bets you can dig into at Draft time—and how to get the most out of them.


How to bet on the NFL Draft


Betting markets and options in the NFL Draft

While the markets and betting options available to sports fans is going to vary from one sportsbook to another (there are also some restrictions around location—but we’ll get to those here), NFL Draft betting maintains a fairly straightforward structure.

And it’s not all about the first-overall pick, either—although that remains one of the most popular wagers for NFL betting fans.

In addition the first-overall pick, here are some of the options you can expect pre-April 27, 2023:

  • Second-overall pick
  • Third-overall pick
  • Fourth-overall pick
  • Fifth-overall pick
  • First player drafted to a specific team (often referred to as the Team’s first player drafted or simply first player drafted)
  • Position of team’s first pick
  • Exact draft order (you choose the first-, second-, and even third-overall pick)
  • First drafted running back
  • First drafted defensive end
  • First drafted cornerback
  • First drafted offensive lineman
  • Top draft picks
  • NFL Draft prop bets and over/under bets (more on these in a minute)

While most of the above bet types are self-explanatory, NFL Draft prop bets and over/unders are unlike those same bet types for any other event. So let’s dig into them in more detail.


What are NFL Draft over/under bets?

First, a refresher on over/under bets:

Most of us are familiar with over/under wagers. Popularly known as totals wagers in other disciplines—and overseas—an over/under bet allows sportsbooks to set a value on a specific bet. This value is called the line.

When you place your wager on that bet, you are specifying whether the outcome will be above—or below—that value.

Typically, a value of .5 will be added to the line to avoid a draw.

Got it? Let’s move on to what makes NFL Draft over/under bets unique…

For NFL Draft over/under bets, sportsbooks can set the line based on a pick’s position in the draft, how many players of a certain position will be first round picks, etc.

Let’s look at the 2022 NFL Draft as an example:

One online sportsbook offered an over/under bet of 2.5 Quarterbacks drafted in the first round. If you wagered on unders, you’re betting the outcome would be 2 or less Quarterbacks drafted in the first round.

Let’s try another example:

A popular offering on the 2022 NFL Draft betting menu was Michigan State WR Jalen Nailor’s draft position. Sportsbook A had him at 9.5. Sportsbook B had him at 5.5.

Nailor became the sixth round draft pick of the 2022 NFL Draft, meaning that an under bet at Sportsbook A and an over bet at Sportsbook B would have secured your wager the win.

Making accurate picks is crucial to a winning sports betting strategy—but shopping your sportsbooks for the best options can be the key to building your bankroll fast.


What are NFL Draft props bets?

NFL Draft props bets typically involve one of two outcomes:

Where a specific player will be drafted, or

Who will be the first player selected for a specific position

Let’s unpack a quick example:

A popular 2022 NFL Draft prop bet across US online sportsbooks was for the first wide receiver selected. Each available pick is displayed, alongside their odds.

At sportsbook A, oddsmakers had Alabama’s Jameson Williams at +200, USC’s Drake London at +220, and Ohio State’s Garrett Wilson at +105. For those who didn’t tune in this year, Drake London went on to earn that honor.


NFL Draft betting promotions in 2023

As more online sportsbooks battle to gain market share, there’s been an increase in the number of them offering event-specific betting promos. We predict that in 2023, NFL Draft betting promotions will start to align with that.

Watch for risk-free bet offers, first-bet insurance on your NFL Draft wagers, and short-term deposit matches in the days leading up to the 2023 NFL Draft.


Where to bet on the NFL Draft

Betting online on the NFL Draft is an experience—but to make it the most enjoyable (and hopefully profitable) it can be, you need a good sportsbook.

We’ve lined up 10 of the most popular online sportsbooks available.

1
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We’ve analyzed them, we’ve tested them, we’ve gone deep in their betting markets, bonuses, and options.

We’ve also checked them for trustworthiness, payment processing, and online security.

So here they are for your betting pleasure.


BetUS

Best Sportsbook for NFL Draft betting props

BetUS is an established online sportsbook and casino site that has been active consistently since the early ‘90s.

With a stellar reputation in several areas of its operations, BetUS has worked its way up to become one of the key performers in the sports betting arena.

Comprehensive sports betting markets are on offer—including good depth in the NFL Draft betting market. Generous bonuses and promotional offers for NFL play in general, fast and responsive customer service, and a wide range of deposit and withdrawal options make BetUS a strong contender on our Best NFL Draft betting sites list.

There’s always room for improvement, and BetUS is no different.

We’d like to see faster withdrawal methods and shorter wait times for payouts.

At a glance:

  • One of the most generous Welcome Bonuses online—up to $2,500 at time of print
  • 24/7 responsive customer service
  • Easy-to-use interface
  • Fast deposit processing
  • Large number of deposit options
  • Strong NFL markets
  • Long withdrawal wait times

Bovada Sports

Best Sportsbook for Live NFL Draft betting

Bovada Sports is arguably one of the most consistent sportsbooks in the game.

Comprehensive sports betting opportunities, a fast and seamless user interface, excellent customer service, and a highly interactive social media presence means this is a sportsbook that keeps its finger on the sports betting pulse.

And the best thing? A lag-free, slick, easy to use interface for Live NFL Draft betting as the picks unfold. Bovada has long been hailed for its prowess on the tech front, and it demonstrates its muscle in this area for all live betting events.

At a glance:

  • Seamless live streaming feature
  • 24/7 customer support by phone, email, and live chat
  • Competitive odds in NFL Draft betting
  • Exclusive daily promotions
  • Consistently high performer across all major US sports markets

BetNow

BetNow is relatively new to the sports betting market in the US, but it is fast establishing a loyal membership base.

As a new contender, BetNow is bringing competition and fresh eyes to the marketplace.

A strong list of betting markets on US sports, competitive rollover requirements that let their fanbase build their bank faster and pocket more of their winnings, and a keen eye for setting NFL odds—these are the strengths that set BetNow apart.

At a glance:

  • Comprehensive betting markets
  • Competitive daily betting menu
  • Broad payment range
  • Less variety in sportsbook bonuses

BetOnline Sportsbook

BetOnline is one of our preferred sportsbooks for everything related to NFL betting—and the same goes for annual events like NFL Draft betting and Super Bowl props.

Longtime fans of BetOnline keep coming back for the favorable odds and ease of navigation.

There’s potential to build a solid bankroll across player and game props, futures, and straight bets, and a high-performing Live NFL Draft betting feature.

Mobile betting is seamless, although the sheer volume of detail, advertising, and pop-up bets from the homepage are still a little overwhelming for our taste.

At a glance:

  • Strong mobile betting platform
  • Good performance in NFL betting markets
  • Live NFL Draft sports betting
  • Recently refurbished user interface
  • Heavy advertising

GTbets

Geared towards a North American market, GTbets is highly competitive when it comes to NFL Draft betting options online.

There are a ton of betting markets on offer, favorable odds, and up-to-the-second Live Sports betting across all major NFL events—including the NFL Draft.

GTbets deliver a betting interface that is clear and clean, easy to navigate, and optimized for every device we tested on.

At a glance:

  • Generous bonuses
  • One of the fastest payout times across the sportsbooks on this list
  • Glossy—although extremely bright—user interface
  • Broad range of deposit methods

MyBookie Sportsbook

MyBookie has long been one of the highest performers in the online casino arena, and they’ve parlayed that into a strong sportsbook offering, too.

Generous bonuses, and quick response times from customer service make MyBookie a cinch to use—and a pleasure to wager with.

the most convenient options for US players.

The biggest drawback to MyBookie is that its banking options are lacking when compared to other online gambling sites. However, this is something that could easily change as MyBookie continues to update their site.

At a glance:

  • 24/7 customer service via live chat and email
  • A big name in the market means better support and a high trustworthiness rating
  • Strong bonus offerings
  • Good NFL Draft betting menu
  • Restrictive banking options and slower payout processing

Sportsbetting.ag

Sportsbetting.ag delivers nearly twenty years of experiencing in the sports wagering industry, so it’s had time to fine tune its performance.

And fine tune it has—Sportsbetting.ag would have to be our top pick for bonuses, withdrawal and deposit options, and extensive betting markets.

Sportsbetting.ag has hit some speed bumps in the past when it comes to payouts and oddsmaking, but the sports betting giant seems to have corrected its missteps and looks to be a strong contender for NFL Draft betting for the upcoming year.

At a glance:

  • Deep variety in the NFL daily betting menu
  • Impressive bonuses with fresh promotions across all betting markets
  • Improved payout options, with turnaround times at approximately 48 hours
  • Responsive customer service via email and live chat

NFL Draft betting sites worth watching

  • WagerWeb
  • BetOdds.ag
  • Xbet

While these NFL Draft betting sites didn’t make the cut this time around, we expect big developments from them over the next few months.

We’ll be checking in on them prior to the 2023 NFL Draft to see if they’ve got what it takes to push our top contenders off this list.


NFL Draft betting: FAQs

Can I bet on NFL Draft games online legally?

To bet on the NFL Draft online  you must be in a state where NFL Draft betting is legal, be 21 years or older, and using a licensed online sportsbook.

Can you bet on the NFL Draft in Vegas?

Yes, it’s legal to bet on the NFL Draft in Las Vegas as long as you are over 21 and using a licensed sportsbook.

Can you bet on the NFL Draft in NY?

New York NFL fans can wager on games throughout the football season, but they cannot bet on the NFL Draft.

This is because of how the state defines the NFL Draft and sporting events.



Can you bet on the NFL Draft in Maryland?

Yes, it’s legal to bet on the NFL Draft in Maryland as long as you are over 21 and using a licensed sportsbook.

What does over/under mean for NFL Draft picks?

Over/under betting on NFL Draft picks means you get to decide if the outcome will be over—or under—the value set by oddsmakers. You can learn more up here.

References

https://www.cbssports.com/nfl/news/nfl-announces-key-dates-for-2023-calendar-year-nfl-draft-new-league-year-start-revealed/

https://en.wikipedia.org/wiki/2023_NFL_Draft