Best NFL Draft Bets To Consider For 2023

It may only come around once a year, but the NFL Draft is always big on the sporting scene. It is when teams have the ability to pad out their teams and hope that they see a bit of success the following season.

Houston Texans Stadium
The Houston Texans take to the field against the Tennessee Titans at LP Field in Nashville, TN. Houston beat the Titans 30-16.

It should probably come as no surprise that people absolutely love to bet on the NFL draft. So, we figured, we would walk you through exactly how everything works. 

How Do NFL Draft Bets Work?

For the most part, NFL draft bets are not all that different from any other bet that you place. You just aren't betting on the outcome of a game (or Championship), but the outcome of player transfers/contracts.

Types of Bet

There are a variety of different bets that you can place during the NFL draft.

Most of them will be based upon when a team makes their pick i.e. whether they will be first, last, or even over/under the position.

You can have head-to-head bets where you select which player from two will be selected first.

You can choose who the first player to be selected in each position is.

Basically, anything tied to any event that can happen during the NFL draft, you can probably bet on it. 

Betting Odds

We know that some of you may be new to sports betting, so let's quickly give you a rundown of how betting odds work. We are going to assume that you are American and will be using the American Odds betting system.

The Favorite(s)

You will know that you are looking at the favorite (under the American Odds betting system) if you see a – next to a number. We know it can be odd to see a negative next to a favorite, but we assure you that it has a purpose.

The number that follows the – tells us how much we would need to bet if we wanted to win $100.

So, if you saw (for instance) the number -90, then for every $90 we place, we can win $100.

The higher the number, the more of a favorite that bet is. This can come in especially handy when comparing draft bets since you will likely have multiple bets that appear to be favorites.

The Underdog(s)

The underdog for the bet, as you have probably guessed, will have a + next to them.

This + will tell you how much you will walk away with should you bet $100 and win.

So, if you see +300, then you would win $300 on a $100 bet, and $150 on a $50 bet.

The higher the number, the less chance that bet has of being a winner. 

Placing Your Bet

Always do your research whenever you place a bet. Reading tipsters, news, etc. will be a great start here. The more research you put in, the more informed your bet will be.

Online sportsbooks will always try to ensure that placing your bet is as easy as possible. So, in most cases, you tap the bet on the sportsbook, type in the stake that you want to make, and hit that “place bet” button. Simple stuff.

Obviously, you will need to be registered at an online sportsbook before you gamble there, which leads us neatly to the next section. 

How To Find The Best NFL Draft Prop Bets

Because the NFL Draft tends to be pretty big business for online sportsbooks, you can bet your bottom dollar that most sites that dabble in online sports betting will have at least some betting odds available.

When you are choosing a site to gamble at, there are a few things that you may need to consider. This may mean betting promotions, the reputation of the sportsbook, etc.

We are sure you knew all of that.

You are sensible.

However, when it comes to NFL draft betting, we suggest that you doubly consider the following.

The Number of Betting Markets Available

We aren't just talking about your average betting markets here. You want a huge number of betting markets available for the NFL draft. 

Most sportsbooks will offer limited markets e.g. first pick, players picked, etc. Which is fun for some simple betting.

However, when you are diving into NFL betting seriously, you want there to be a ton of prop bets available.

Some of the best sites will have hundreds of bets available. This can come in pretty useful when you are looking to throw together a couple of parlays. 

Live Betting

This is going to be incredibly rare at online sportsbooks. Most sportsbooks do not offer live betting on the draft, mostly because it is going to be pretty tough to administer.

Still, sometimes you may want to dive into some live bets (when you can find them) to make watching the NFL draft even more appealing…which is sometimes important when your teams are not getting the picks that you want. 

Betting Odds

This one is pretty self-explanatory. The better the betting odds, the more you can win.

There is no site that will offer the best betting odds for everything. For this reason, you may need to be signed up for multiple sportsbooks.

This may not be all that important if you are staking low sums of cash (below a couple of hundred dollars), but when you are gambling thousands of dollars then having your cash spread over multiple sportsbooks is a good idea.

Since we aim to be a complete guide to NFL draft bets, we have searched far and wide for the best online sportsbooks for gambling.

We suggest that you check out any one of these if you are looking for a tremendous online betting experience.

This is where we will be gambling when the NFL Draft rolls around in 2023. This is because each and every one of these sites has proved that they have fantastic betting odds and a great customer service team: 

Where Can I Bet On NFL Draft Props

We have already given you a few suggestions in the previous section. Any one of those sites will be a great place for you to check out.

In our opinion, MyBookie is one of the first sites that you should look at.

This is because the platform is well-known for its great betting promotions, particularly when the NFL Draft rolls around.

If you are more of a crypto gambler, then you may even want to check out Bovada. While Bovada does accept multiple currencies on their platform, they really love to deal in Bitcoin and other cryptos.

If you are planning on gambling long after the NFL Draft has passed, then either SportsBetting.ag or BetUS is a good shout.

They offer hundreds of open betting markets at any one time. You will even be able to live bet on sports.

However, as we said, any of the sites that we detailed in the previous section should be a great place for you to check out.

You may want to go through the list and see which ones offer you the experience that you are after. 

Our Suggestions For Starter Draft Prop Bets in 2023

We are not going to give you a complete list of betting tips for the NFL Draft in 2023 here. This is because things can change at a rapid pace in the lead-up to the draft.

We always suggest that you look at betting tips and news a bit closer to the time. However, we will give you a very quick overview of some of the bets that we will be placing.

Houston Texans are our best NFL draft bets pick.
Houston Texans NFL American football team logo, United States

We are going for the Houston Texans as having the first pick. This is a pretty safe bet at the moment, even if the payouts are not going to be massive.

Sometimes you need to get one of the earlier wins in. We are putting the Arizona Cardinals as having a top-10 pick.

The odds are about 50/50 on this. This means there is some risk, but not a ton of risk. 

We are also going for Will Anderson as the first pick, with Will Levis as a top 10 pick. 

This part is very much likely to change, though.

Teams are now starting to see where their holes are and they will be filling them pretty soon. This is why it is so important to keep an eye on the sports news.

Final Thoughts

There you have it. All the information that you need to get started with your NFL Draft bets.

Why not check out a couple of the sites that we listed? You may find one or two bets that really catch your attention!

Remember, the earlier you place those NFL Draft bets, the better the odds will be.