NBA Draft Betting Odds 2021
The NBA Draft betting odds are available well before the actual event. It is a key part of NBA betting overall. So whenever you get the itch, or you have a hunch about how things will unfold, feel free to dive into one of these top NBA Draft betting sites.
Odds on NBA Draft
There are a few things to remember when looking at the odds on the NBA Draft. The first thing is to know the dates of when the draft will be happening each year. This way you will be able to plan ahead and take into account how odds will change over the year.
Normally the NBA Draft takes place in June. In 2020, it was rescheduled to November. The dates for the 2021 NBA draft have not yet been announced. When they are, you can expect the Bovada NBA draft odds to be among the first to come out.
Understanding NBA draft odds is a lot like odds for other sporting events. For those of you using American odds, the lower the number, the more likely the bet is to win. That also means that you would win less money. That’s just how the relationship between risk and reward works.
The other key to understanding the NBA draft odds is to look at the different bets available. Let’s take a look at some of the most common bets you can make during the NBA draft.
First Four in Order
One of the most difficult NBA draft bets is to pick the first four athletes that will go in the draft. This is really tough. It is like a parlay in that you have to get them all right in order to cash out on this bet.
Getting the first pick may be easy. There is often a big star that lots of people are going for. In order to nail this bet, we recommend that you look carefully at the needs of each of the first four teams to pick. Compare that with the athletes available in the draft.
That’s the easy part. The second level of analysis is to look at which teams will get a pick before the first teams get a second pick. You can bet that the teams are strategizing based on who they think will still be available by the time their second picks come around.
NBA Draft First Pick Odds
Some of the most important wagers for this event are the NBA Draft first pick odds. These are the biggest bets during this time.
The first pick NBA draft odds can refer to a couple of things. You can bet on which team will have the first pick of the draft. This type of bet can only happen early on.
You can also bet on which athlete will be the first one to be drafted. A third and related option is to bet on which position will be the first one to be drafted.
It is always good to study up! It is good to see how these odds have shaped up in years past. With this information, you will be better prepared to dive into the NBA draft with all your tools ready.
Here are the NBA Draft Odds 2019, translated to probability, on which team will get the first pick:
- New York Knicks: 14.0%
- Cleveland Cavaliers: 14.0%
- Phoenix Suns: 14.0%
- Chicago Bulls: 12.5%
- Atlanta Hawks: 10.5%
- Washington Wizards: 9.0%
- New Orleans Pelicans: 6.0%
- Memphis Grizzlies: 6.0%
- Dallas Mavericks: 6.0%
- Minnesota Timberwolves: 3.0%
- Los Angeles Lakers: 2.0%
- Charlotte Hornets: 1.0%
- Miami Heat: 1.0%
- Sacramento Kings: 1.0%
Why We Chose NBA Draft Betting Sites
When it comes to making the best NBA Draft bets, you need great NBA betting sites for just this event. Because it is somewhat of a niche, not all sportsbooks will be excellent places for this type of bet. Here are the top things we look for when recommending an NBA Draft betting site.
NBA Draft Betting Odds
First comes first. There is a minimum of betting markets the sites need to have in order to be on this list.
But that is also not enough. There are lots of levels here. Just having the NBA Draft odds is not enough. We also expect a variety of types of bets in the NBA Draft betting market.
We also expect the best betting sites on any list to have excellent welcome bonuses. These are vital. They keep us going and help us start out on the right foot. Some sportsbooks come across as stingy at this point when they either don’t offer a welcome bonus, or a very small one, around 10%.
Compare that to GT Bets. There, they will double your initial deposit. So if you start out depositing $150, you automatically will have $300. That’s a great way to start out!