NBA Rookie of the Year Odds 2023-24: Victor Wembanyama Opens as the Early Favorite

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No. 1 picks have fared well over the years, winning NBA ROY honors 22 times. So, it should be no surprise that Victor Wembanyama opened as the betting favorite. But several talented rookies are entering the league, and bettors should not overlook anyone’s NBA Rookie of the Year odds.

After all, Malcolm Brogdon, the 2016-17 NBA ROY, was a second-round pick. On that note, let’s look at the latest NBA Rookie of the Year odds.

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Odds to win NBA Rookie of the Year 2023-24

Let’s review odds for some of the top players listed at four of the leading sports betting apps (odds as of June 23):

PlayerBetMGMCaesarsDraftKingsFanDuel
Victor Wembanyama-200-225-225-160
Scoot Henderson+350+350+350+400
Chet Holmgren+500+375+450+700
Brandon Miller+950+950+950+1300
Amen Thompson+1500+1500+1400+2500
Ausar Thompson+2200+2200+2000+4000
Jarace Walker+2500+2500+2500+4000
Cam Whitmore+2000+2000+2000+5000
Taylor Hendricks+3500+3500+3500+5000
Anthony Black+3000+3000+3000+5000
Cason Wallace+4000+4000+4000+5500
Gradey Dick+4000+4000+3500+5500
Bilal Coulibaly+5000+5000+5000+7500
Jordan Hawkins+8000+8000+7500+11000
Derek Lively II+10000+10000+11000
Jett Howard+8000+10000+10000+11000
Keyonte George+6000+5000+7500+11000
Nick Smith Jr.+6000+3000+7500+11000
Leonard Miller+6600+8000+7500+14000
Kobe Bufkin+5000+4000+10000+14000
Jalen Hood-Schifino+10000+10000+10000+14000
Brice Sensabuagh+10000+10000+10000+14000
Kris Murray+10000+10000+10000+14000
Marcus Sasser+8000+8000+7500
Gregory Jackson+8000+8000+7500

Being drafted No. 1 does not mean Victor Wembanyama will win NBA Rookie of the Year next season. But as highly touted a prospect as he was, he should be the betting favorite. Ultimately, it will come down to how well his talents translate to the NBA game — that and opportunity.

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It’s hard to win an award if you are not on the court. Playing on a team as bad as San Antonio was last year means Wembanyama will probably be in the lineup from Day 1. As dreadful as the Spurs were, it will not be hard to see how much of an impact he has on the team.

Does this mean bettors should focus on rookies playing for bad teams? Not necessarily, but since the key to winning is playing time, rookies on contenders may struggle to see the court.

Victor Wembanyama has opened as the favorite to win NBA Rookie of the Year next season.
Spurs’ Victor Wembanyama is the early favorite to win NBA Rookie of the Year. (AP Photo/Laurent Cipriani)

NBA ROY Odds: Best Bets Not Named Victor Wembanyama

It is hard to go with anyone other than Victor Wembanyama at this point. With all the hype surrounding him, finding a reason not to bet on the young phenom (besides his minus-money odds) isn’t easy. But four of the last five winners were not the No. 1 pick, and some analysts are concerned about how well Webmbanyama’s slender frame will hold up.

Here are a couple of our best bets not named Victor Wembanyama:

Chet Holmgren +700 (FanDuel)

Holmgren, the No. 2 pick from last year’s draft, injured his foot during Summer League play last season, causing him to miss last year. Since he did not play during his rookie season, he can win the award next year.

Before getting hurt, many thought he would contend with Paolo Banchero for ROY honors. Some sportsbooks briefly had him listed as the favorite. If he can pick up where he left off, he could become a solid contributor for the Thunder right away, giving him an advantage over the rest of the field.

Scoot Henderson +400 (FanDuel)

If Wembanyama was not in the draft, there is a very good chance Scoot Henderson would have been the No. 1 pick. He’ll be in a situation where his skillset should be on display early, playing for a poor Trail Blazers team. But if Damian Lillard stays with the team and if Lillard takes him under his wing, that could accelerate his growth.

NBA Rookie of the Year Odds: Long Shots/Sleepers

These will be players with an exceptional skillset on teams where they could/should play right away. Whether they shine or not will depend on them and how well they fit the system the team runs.

Amen Thompson +2500 (FanDuel)

Since it is about getting the opportunity to shine, Thompson is in a great position to have an award-winning season. His athleticism and playmaking ability should fit well in Rockets head coach Ime Udoka’s system. The absence of talent on the roster will help make him look better, especially if he becomes one of those guys who make everyone around him better.

Anthony Black +5000 (FanDuel)

His defensive prowess will get him into the conversation, and he’s an excellent passer that will get his teammates involved. But whether he can become a contender will depend on how well he shoots the ball. He is not a great three-point shooter, but he is a solid playmaker capable of being a solid offensive weapon.

NBA Rookie of the Year Odds: History

The following table contains the NBA Rookie of the Year winners dating back to the 1999-2000 season:

SeasonPlayerPositionTeamDraft PositionPreseason OddsPreseason Favorite (w/odds)
2022–23Paolo BancheroForwardOrlando Magic1+200Same
2021–22Scottie BarnesForwardToronto Raptors4+1100Jalen Green (+200)
2020–21LaMelo BallGuardCharlotte Hornets3+400Same
2019–20Ja MorantGuardMemphis Grizzlies2+250Ja Morant/Zion Williamson (+250)
2018–19Luka DončićGuard/forwardDallas Mavericks3+250Same
2017–18Ben SimmonsForward/guardPhiladelphia 76ers1+225Lonzo Ball (+205)
2016–17Malcolm BrogdonGuardMilwaukee Bucks3
Not ListedJoel Embiid (+300)
2015–16Karl-Anthony TownsCenterMinnesota Timberwolves1+450Emmanuel Mudiay (+300)
2014–15Andrew WigginsForward/ guardMinnesota Timberwolves1+400Jabari Parker (+225)
2013–14Michael Carter-WilliamsGuardPhiladelphia 76ers1+1200Victor Oladipo (+300)
2012–13Damian LillardGuardPortland Trail Blazers6+500Anthony Davis (+175)
2011–12Kyrie IrvingGuardCleveland Cavaliers1+500Derrick Williams (+350)
2010–11Blake GriffinForwardLos Angeles Clippers1+200John Wall (+120)
2009–10Tyreke EvansGuard/ forwardSacramento Kings4+700Blake Griffin (+120)
2008–09Derrick RoseGuardChicago Bulls1+350Michael Beasley (+150)
2007–08Kevin DurantForwardSeattle Supersonics2-200Same
2006–07Brandon RoyGuardPortland Trail Blazers6+300Same
2005–06Chris PaulGuardNew Orleans/Oklahoma City Hornets4
2004–05Emeka OkaforCenter/ forwardCharlotte Bobcats2
2003–04LeBron JamesForwardCleveland Cavaliers1+150
2002–03Amar'e StoudemireForward/ centerPhoenix Suns9
2001–02Pau GasolForward/ centerMemphis Grizzlies3
2000–01Mike MillerForward/ guardOrlando Magic5
1999-00Elton BrandForwardChicago Bulls1

In the 71 seasons that the NBA Rookie of the Year was recognized, there has been a tie three times (1999-00, 1994-95, and 1970-71). Of the 74 trophies handed out, 64 got drafted inside the first ten picks, 55 in the first five selections, and 45 came out of the top three.

Three winners were territorial picks, and two were from the second round. Malcolm Brogdon (2016-17) got taken with the No. 36 pick of the draft, and Woody Sauldsberry (1957-58) was the No. 60 pick in the ’57 Draft (which consisted of 14 rounds; 83 players selected).

But since the 1999-2000 season, players selected inside the top five picks have dominated the award taking 19 of 24. The last time the betting favorite had minus-money odds was Kevin Durant in the 2007-08 season. He went on to win.

Where to Bet on NBA Rookie of the Year Odds

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How To Bet On NBA Rookie of the Year Odds 2023-24

If you’re looking to bet on the NBA Rookie of the Year this year, it’s a perfect time to take advantage of amazing limited-time welcome offers available at sportsbooks today. Add more than one sports betting app to your playbook so you can line shop for the most competitive NBA Rookie of the Year odds.

Choose Your Online Sportsbook

Most US states with legal online sports betting put multiple mobile sports betting apps at your fingertips. The welcome bonuses, as well as odds for NBA Rookie of the Year, differ from sportsbook to sportsbook.

Check out Gaming Today for comprehensive coverage of which online sportsbooks operate in your state. Once you’ve chosen a sportsbook, you’ll need to provide proof of age and identity to register for a new account.

Make Your First Deposit

Once your account details are verified by the sportsbook, you’re ready to deposit funds and start wagering on things like NBA Rookie of the Year odds.

Navigating to the cashier at your chosen sportsbook displays all of the different deposit options. Some of the most reliable deposit methods include PayPal, Play+, debit/credit cards, and ACH/eCheck.

Make Your First Bet

Odds for the NBA Rookie of the Year will be located under the basketball tab at your favorite sportsbook. To get started, click on that tab, and you’ll be given the option and choose NBA That will take you to a page with odds for upcoming games, but you’ll also have the option to see other things like odds for Awards, Futures, Props, etc. Click on awards and select Rookie of the Year odds and choose your player.

Remember, a lot of the welcome bonuses at sportsbooks are only for the first wager, so choose wisely!

Cashing Out

If your NBA ROY bet cashes in, congratulations! Obviously, you can reinvest your winnings into other bets, but if you are ready to cash out, all sportsbooks will offer you several different options.

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About the Author
Travis Pulver

Travis Pulver

Senior Writer
Travis Pulver is a senior writer for Gaming Today and a lifelong football fan, something he says comes naturally having been born in the football-crazy state of Texas. Through the years, Pulver's love of sports has extended into baseball, basketball, golf, and rugby. Life currently finds him in Indiana with his wife and two kids.

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