2022 NFL Draft Betting Guide

Welcome to our complete NFL Draft betting guide. Consider this as your all-in-one bible for making money on the Player Selection Meeting.

Our aim is to make this guide as helpful and concise as possible for anyone looking to bet on the NFL Draft. Perhaps you’re a novice that is unsure about how 2022 NFL Draft betting for real money works. Maybe you have some experience, yet still could do with a few pointers and tips to take you to the next level. 

Wherever you see yourself on that spectrum, we’ve got your back! From NFL Draft betting odds to tips on how to make your picks, you’ll be glad you’ve visited us by the time you complete this guide!

Bet on the NFL Draft Online

You’re looking for NFL Draft betting tips, right? Well, here’s one straight out of the playbook — do not underestimate the importance of choosing the best sites to bet on the big event. 

Ensure you are safe and secure in defense before you even think of attacking the best NFL Draft odds!

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Every year, tons of bettors looking to wager on the NFL Draft drop the ball when it matters. Instead of choosing one of the top National Football League Draft betting sites, they sign up with the first sportsbook retrieved by Google. 

That’s not a great idea. Certainly not when you want the full package. 

The most important piece of the puzzle is to find online betting sites that are 100% safe, secure, and legal. Then, you want that site to provide you with highly competitive odds, NFL Draft live betting options, and bonuses for the draft. Furthermore, you should be demanding stuff like multiple payment methods and fast payouts!

If it sounds like too much effort to find sites that offer all of that and then some, we understand. Not everyone has the time to find the top sites that offer online betting on the NFL Draft in 2022. However, you should be delighted to learn that we do. In fact, finding the leading NFL Draft sportsbooks is what we do best! And the sites above are the only ones that have passed our intensive tests with flying colors.

Get yourself signed up with one of the top bookies above. Then, follow us as we get down to the juicy bits included in this NFL Draft guide!

Here’s what’s on the menu.

NFL Mashup of Football  Players, Stacks of Money, NFL Logo

We could reel off tons of reasons why betting on NFL Draft Week is so exciting. But as time is of the essence, it makes sense to leave that to one side and instead focus on the more important stuff at hand.

Overall, there are fewer things as important as finding the best NFL Draft betting odds. But in order to know what the top Draft odds are, one must understand how the bets and markets work. There’s no better way of getting acquainted with this than learning about the most popular wagers to place on the NFL Player Selection Meeting in 2022.

So, let’s take a look!

First Overall Pick

To bet on the NFL Draft First Pick is, by far, the most popular way to place money on this event.

The top NFL sportsbooks will typically provide moneyline odds for this bet type before any other. Not only is there a keen sense of intrigue as to who will be chosen first in this year’s NFL Draft; it’s also something that bettors with knowledge of the sport love to gamble on. 

Here’s an example of the online NFL Draft odds for the first pick you can expect to find. Of course, these aren’t real guys…

  • Player A -290
  • Player B +325
  • Player C +1000
  • Player D +1000
  • Player E +2200
  • Player F +2500
  • Player G +6600

Now, the numbers above might not make much sense. Especially if you are new to gambling on the draft. But don’t fret, as I’ll be covering how to interpret NFL odds for the draft in the section. 

If you’re looking for more advice for beginners betting on the National Football League Draft, you will pick up so much from this guide. But Before we get there, let’s check out another popular NFL Draft market to target!

First Quarterback Selected

Another of the top wagers to place on the NFL Draft is for the first quarterback selected.

This is the most illustrious position in football. As such, we could be looking at the next Tom Brady or Patrick Mahomes! Understandably, those with more than a passing interest in learning how to bet on the NFL Draft will be drawn to this market. 

Did You Know?Since 2000, 15 of the first overall NFL Draft picks have been quarterbacks?

Again, this is a moneyline wager that you can find under the top NFL Draft props category. That means that you simply pick the quarterback you think will be the first to be drafted, get your money down, and wait for their name to be called. 

Top sites for gambling on the draft such as BetOnline typically offer a wide range of odds in this market.

Other Key Positions to be Selected First

In addition to the first overall pick and first quarterback, you can also find odds for the following moneyline bets.

  • First Running Back (RB) Selected
  • First Cornerback (CB) Selected
  • First Offensive Lineman (OL) Selected

These are other crucial and glamorous positions in the sport. As such, there will be major wagering interest when it comes to any NFL Draft preview that covers these bets. 

Although it can be risky, some bettors like to create parlays of the first picks from key positions. Here’s an example.

  • First QB to be Selected – Favorite at -280
  • First RB to be Selected – Second-Favorite at +140
  • First CB to be Selected – Second Favorite at +230

If this hypothetical parlay won at odds of $100, you would receive a payout of $974.86. Although those odds are appealing, we wouldn’t exactly class this method among our top NFL Draft betting tips for 2022.

It’s something to consider, however. Especially if you are an avid NFL or college football fan with a propensity for lucking in!

All Types of NFL Draft Bets You Can Place

Again, we understand that a lot of the information above might be a little tough to digest for beginners placing NFL Draft bets. 

The more experienced gamblers among us might understand the different types of wagers you can make money on the NFL Draft from. If that sounds like you, feel free to skip to the next section. But if you want to learn more about how to categorize the different gambling markets for the draft, allow us to simplify things for you.

NFL Football Field, Odds of NFL Betting Floating Around
  • Moneyline Bets Of all the NFL Draft wagers you can place, this is the easiest to understand. For example, you can bet on Play A to be the first overall pick at +120.
  • TotalsAlso known as over/under bets, totals allow you to bet on things such as whether a player will be picked over or under the 10.5-point mark.
  • Props – There are numerous NHL Draft props you can wager on, such as the draft position of top-rated rookies.
  • Futures – These are bets that are placed further ahead of time. Some top bookmakers for the NFL draft provide prices for things such as what NFL team will have the first pick in next year’s draft. 
  • Parlays – As explained earlier, you can combine several different wagers in one bet. You will need every wager to win to accumulate larger winnings.

NFL Draft Odds Explained

Odds of -290 and +325, Football Players, NFL Logo

Hold on. We’re going to need you to speak up a little. Did you ask how do the odds for the NFL Draft work?

Oh, you did. OK. Well, the simple answer to your question is that they operate just like odds for any other major sports event. You look through the betting markets, find the wagers you like the look of and place your bets!

Let’s look at some examples. Circling back to the previous section, you might remember we covered the betting market for the first draft selection overall. According to that market, Player A is the betting favorite to be the first overall pick at -290.

To win $100 profit on Player A at -290, you must place $290 down. However, if you opt for Player B (+325) to be selected first, and he is successful, a $100 bet would return $325 in profit.

The likelihood is that “A” will be selected first, with an implied probability of 76.47%. We worked this out using our own odds converter tool, which also transforms NFL Draft betting odds in different formats. 

Give it a try!

How to Work Out NFL Draft Odds

If you would rather do things the old-fashioned way, we can show you how. 

Let’s say you’re looking to win money betting on the draft. But you can’t understand how the odds for football work, given you have never gambled on a game in your life. Now, depending on where you come from, the odds format will be one of the following. 

Different Betting Odds Floating Around, Money Flying, Football Field
  • American – Also known as moneyline odds, this format will have either a – or a + in front of the odds. The easiest way to explain how this format works is this — the figure that comes after a minus symbol denotes the amount you must wager to win $100. The figure after a + is the amount you win for a $100 stake. 
  • Fractional – Mostly used in Britain and Ireland — where the sport is typically branded “American football” — fractional odds are also easy to understand. They work on the basis of positive and negative values. For example, a player with odds of 1/2 returns $100 in profit for each $200 staked. 2/1 wins $200 for every $100 wager.
  • Decimal – Perhaps the most widely used format of them all. The easiest way to explain how decimal odds work is to multiply the stake by the odds to get the total payout. A $100 bet at odds of 3.00 returns $300, while a $50 at odds of 3.00 returns $150.

Working out your odds for the draft is the same as with any other sports event. Just make sure you understand how to interpret betting lines. 

The team here has done an awesome job at covering everything you need to know about formats and how odds work. You can check the guide out, below!

NFL Draft Betting Strategy and Tips

Top Tips Icon With NFL Logo

By failing to prepare, you are preparing to fail. When it comes to betting strategies for the NFL Draft, that proverb holds water.

Here are some helpful strategies and real money NFL Draft tips that will help.

Identify Who Needs What in the Draft

Exceptional quarterbacks are usually the hottest property in the draft. If a quarterback is also a Heisman winner, they are bound to be among the favorites for the NFL Draft overall pick.

There are times, of course, when a team might not opt for the star quarterback. It has happened. If a team already has a trusty signal-caller at the helm, they might instead opt for that stellar RB that would take them further. 

But as the rounds progress, you should be paying close attention to which team needs what and how likely they are to get their guy.

If there is a gaping hole in the Cardinals offensive line just waiting to be filled by a top dog still in the pot, you might have yourself a solid bet to take up with NFL draft betting sites!

That doesn’t guarantee that the player won’t make it on a list of the biggest busts in NFL Draft history. But that’s not your problem, right? 

Live Betting the NFL Draft

Live Betting on Football on Mobile Phone, Money, Football Field

We had a little discussion here about if betting live on the NFL Draft is a good idea. 

Of course, we unanimously agreed it was! And then continued to talk about why until our coffees got cold while ogling the odds on the best NFL Draft betting sites. There is no doubt that one of the most exciting ways to bet on the 2022 NFL Draft is while watching the action unfold, so this is something you should be preparing to do!

As long as you are signed up with one of the best sites or top football betting apps for NFL Draft live betting, you’ll be ready to strike.

One of the best live NFL Draft betting strategies is to take advantage of the movements in lines. Let’s say that a player is drafted 4th rather than 7th. This would have a major effect on the lines. If you can spot value, you could make money gambling on the draft easier than you thought possible!

Compare Expert Predictions for the NFL Draft

There is plenty of free expert betting advice for the NFL Player Selection Meeting out there. 

Granted, some of it is not fit to even mention. But there are lots of reputable authorities that have surprisingly good records with their NFL Draft predictions. You can look through page upon page of football savants’ prognostications if you like, but admittedly, that can get tiresome. 

It’s a tough ask for anyone to study NFL Draft betting odds intensively while following the latest developments on ESPN, daily draft news, and everything in between. But the truth is that it’s up to you what information you want to factor into your NFL Draft picks.

However, we have an easier solution. You can follow our experts’ betting predictions for the NFL Draft in 2022 to stay on top of things by bookmarking our NFL betting blog

Here’s a little taste of what you will find!

National Football League Draft FAQs 

That’s just about all you need to know before betting on the NFL Draft. 

Of course, we understand that you still might have some questions. In fact, we know some of you will have some questions based on the number of queries we receive about wagering on the draft! So, to make things a little more streamlined, we’ve put together answers to our most popular frequently asked questions about the NFL Draft.

Enjoy!

Can I Bet on the NFL Draft?
AYes. Indeed, you can. There are tons of betting markets for the NFL Draft that will ensure you don’t run short of options.

That is, of course, a simple answer to what might be, in your case, a more complex question. Without knowing your background, it’s tough to tell whether you are eligible to bet on the draft in the NFL. Providing gambling is permitted in your jurisdiction, and you meet the requirements of a betting site, you should be good to go!
Is NFL Draft Betting Legal?
AAgain, the short answer is yes. Betting on the NFL Draft is legal.

The slightly longer answer is that you can only place legal wagers on the draft providing you are old enough to gamble and wagering is permitted where you live. If you have any questions regarding this, we recommend checking with top NFL Draft sportsbooks in your region to see if you meet their requirements.

Again, here is a reminder of the recommended betting sites for the draft in your area.
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How Many Rounds Are in the NFL Draft?
AThere are seven rounds in the NFL Draft, with allocations of picks depending on numerous factors.

To balance things out, the National Football League has a strict set of rules which govern who gets priority picks, and who will make their selections later in the later rounds.

Refer to the full rules of the NFL Draft if you need to find out more!
When Is the 2022 NFL Draft?
AIf you’re looking to place bets on the 2022 NFL Draft, it’s worth knowing when it goes down!

This year’s National Football League Draft will be held between April 28 and April 30 at the Allegiant Stadium in Las Vegas, Nevada.

Make sure to cross that one off in your diary!
What Are the Best NFL Draft Bets to Place?
AWow. A tricky question, for sure.

The best way to bet on the NFL Draft is to follow good practice when preparing to place your wagers. Things such as selecting the best NFL apps and sites, ensuring solid bankroll management, and avoiding getting carried away will be crucial components to your success.

As for the best draft picks for the NFL? That’s entirely up to you to decide. After all, isn’t that part of the fun?
Do Heisman Winners Always Get Picked First in the NFL Draft?
AWhile Heisman Trophy winners are almost guaranteed to get picked in the first round, they are not always the first overall selection.

Sometimes, there will be surprises in the NFL Draft. Again, that is something that makes this one of the greatest sporting events in the world. Even if no actual sports are being played, the draft is a big deal. Regardless of whether you are a Heisman winner, or just an excited young rookie looking for glory.

Or, just a regular person behind a screen looking to win on real money NFL betting sites.
Who Has the First Pick in the 2022 NFL Draft?
AThe Jacksonville Jaguars will be picking No. 1 in 2022 and will be expecting to get their hands on an ace.

If you’re wondering who has the first NFL Draft pick in 2022, you might also be curious to know who has the second. The answer is the Detroit Lions!

Let’s see how both get on!
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