After months of rumors, private workouts, and much speculation, the 2024 NFL Draft is here. This presents an opportunity for bettors to place a few wagers on football-adjacent odds before the season begins. Here, we will break down our favorite NFL Draft prop bets, including our favorite value plays.
The Chicago Bears have been on the clock since the end of the 2023-2024 regular season. At this point, it is well known that USC quarterback Caleb Williams will be the pick. Behind the No. 1 selection, there are still a lot of questions and a ton of value on NFL Draft odds for top-rated quarterbacks, offensive linemen, and skill players.
With all that said, let’s look at our NFL Draft best bets, including a juicy +7500 prop.
NFL Draft Prop Bets
Third Overall Pick Prop
As we inch closer to the draft, betting markets have heavily favored Jayden Daniels to go No. 2 to the Washington Commanders, leaving the New England Patriots with a few options.
They could trade back, select a quarterback, or use the best available talent. Out of all the positions New England needs, the quarterback is the biggest glaring issue. The Patriots will eventually have to swing for a young quarterback in the draft, so they might as well start with the guy who has lost only three football games since middle school.
Michigan quarterback J.J. McCarthy has exploded up draft boards since the combine, and he has some strong odds to be New England’s No. 1 selection. While Drake Maye is probably the better NFL prospect, New England has had some luck drafting Michigan quarterbacks in the past and might as well run it back (albeit nearly 200 picks earlier than the last guy).
Pick: J.J. McCarthy, +250 via FanDuel
Live Odds:
Fifth Overall Pick Prop
The Los Angeles Chargers currently hold the No. 5 pick in the NFL Draft. Although there are needs elsewhere, giving Justin Herbert an extra weapon certainly could not hurt. After trading Keenan Allen in the offseason, there is a clear opening at receiver.
However, the Chargers could also beef up an uninspiring tight end room with Brock Bowers. After a legendary career at Georgia, Bowers enters the draft as one of the best tight end prospects ever and has met with Jim Harbaugh and the Chargers multiple times.
Draft odds favor a wide receiver at this spot, but Bowers’ value to be picked No. 5 is too good to pass up, even if the Chargers trade out.
Pick: Brock Bowers, +10000 at FanDuel
Live Odds:
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Draft Matchup: Malik Nabers vs. Rome Odunze
After Marvin Harrison Jr., it is clear that Malik Nabers and Rome Odunze are the next two receivers to be selected. There are many receiver-needy teams in the top 10, and it would not be too much of a surprise if both guys went before the Vikings’ selection at No. 11.
Odunze is more of an outside threat, while Nabers is better at creating chunk plays after the catch. Both players have a skill set that the other cannot replicate, but Odunze’s is more suitable for the NFL. His big 6-3, 200-pound frame pairs well with his tremendous route running deep down the field.
Nabers is favored as the second wide receiver off the board but is not much better than Odunze as a prospect. DraftKings is currently offering a solid price for Odunze to be selected over Nabers and is well worth consideration.
Pick: Odunze (+250) via DraftKings
Total Number of Draft Day Trades
As always, trade rumors have dominated the draft cycle. This year, there is more and more smoke around teams trading up to select a player in the first round. The Minnesota Vikings have already traded up to No. 11, most likely in pursuit of one of the top-ranked quarterbacks.
Over the last five drafts, there have been 28 trades during the first night. Although most pick movements start toward the end of the first round, a few teams in the top 10 could and should look to move up or down a few spots.
Six trades occurred during the first round last year. However, more teams are looking to grab a quarterback in an uncertain QB draft class. We expect a lot of movement again this season, and DraftKings is offering plus-money for over 6.5 draft day trades.
Pick: Over 6.5 Trades (+160) via DraftKings
New York Jets First Drafted Position
After a disappointing 2023, the Jets have the No. 10 pick in the draft.
In the offseason, New York added tackles Tyron Smith and Morgan Moses. However, both are well past their primes, and injuries are a significant concern. If either player goes down, the Jets could be in massive trouble.
Drafting a wide receiver, or even Bowers, at this spot is also feasible, as giving Aaron Rodgers more weapons to play with is always a good thing. But the draft odds favor an offensive lineman going at this spot, and there are a ton of worthy NFL tackles in this year’s class.
Pick: Offensive Lineman (-110) via Caesars Sportsbook
Other NFL Draft Prop Bets
- Draft Matchup: Adonai Mitchell vs. Xavier Worth – Mitchell (+120) via DraftKings
- Dallas Turner Draft Position – Under 9.5 (+130) via DraftKings
- Kansas City Chiefs First Drafted Position – Wide Receiver (-115) via Caesars Sportsbook
- Total Quarterbacks Drafted in First Round – Under 4.5 (+280) via DraftKings
- 1+ Running Back or 1+ Safety Drafted First Round – (+330) via DraftKings
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