The next edition of the NFL Draft takes place on April 27-29, 2023 in Kansas City. While there’s a long way to go until we get to that point, it’s never too early to look ahead, and the latest NFL Draft odds make for a fantastic starting point.
As the NCAAF season nears its conclusion, Ohio State QB CJ Stroud and Alabama QB Bryce Young are the favorites to be the first overall pick. Alabama LB Will Anderson isn’t too far behind. Here are the key things to know about betting on the 2023 NFL Draft at legal online sportsbooks.
2023 NFL Draft odds: Betting first overall NFL pick odds
Sports betting odds are out for who will be the first overall selection at the 2023 NFL draft. QBs from two of the highest-profile programs in the nation — Alabama and Ohio State — are the current favorites. Here’s a look at the current odds board from DraftKings Sportsbook.
|CJ Stroud||QB||Ohio State||+185|
|Paris Johnson||OT||Ohio State||+2500|
|Jaxon Smith-Njigba||WR||Ohio State||+3000|
Current favorites to go first overall in the 2023 NFL draft
As the season moves along, we can expect to see the odds move. Fortunes will rise and fall as some of the projected top choices don’t live up to expectations, while others who aren’t generating as much buzz will start to impress. Here’s a quick look at the current favorites.
- QB CJ Stroud, Ohio State
Stroud leads the way for the high-powered Buckeyes offense. Ohio State will likely miss out on the College Football Playoffs, but a lofty bowl game spot seems like a given. Stroud has been a huge part of the team’s success, throwing for 3,340 yards and 37 TDs thus far.
- QB Bryce Young, Alabama
Last year’s Heisman Trophy winner was hoping to join Archie Griffin and become only the second player to win the prestigious award twice, but that’s looking unlikely in the wake of two losses for the Crimson Tide. However, a high pick in the draft would be a great consolation prize.
- LB Will Anderson, Alabama
A linebacker hasn’t been the first overall pick since 1988, but Anderson has a chance to break that streak. The Alabama standout was the Bronko Nagurski award winner in 2021 while leading the nation with 17.5 sacks.
- QB Will Levis, Kentucky
Levis rose up the charts after a solid start to the season for himself and the Wildcats. The club has hit a rough patch in SEC play, but he remains among the top five choices as the season winds down.
- DT Jalen Carter, Georgia
The Bulldogs have a chance to repeat as national champions. If they do so, the defense will once again be the reason why. Carter is one of the centerpieces of the ferocious unit and projects to be playing on Sundays next fall.
How NFL draft betting works
As the NFL season plays out, you can bet on who will be the first overall pick at the next draft. The goal is simple. Here’s how a bet would work if we pick one of the top favorites:
- CJ Stroud +230
- Bryce Young +230
- Will Anderson +375
- Paris Johnson +1200
- Jaxon Smith-Njigba +1600
- Phil Jurkovec +1600
If we bet $100 on one of the top two names at odds of +230, and that proved to be the right call, then we would receive back $230 in winnings. For a $100 bet on one of the longer shots at +1600, our profit potential is $1,600.
As the season rolls along, you can expect to see an option to bet on which team will have the first overall pick in the next draft. When the event itself is drawing near, the floodgates will start to open. Here are some of the other bets you may see:
- First two picks in order
- Second overall pick, third overall, etc.
- First player drafted by position
- Player to be drafted in top five, 10, etc.
- First player or position selected by team
- Total number of players drafted by position, school, or conference
- Over/under on player draft positions
While sports betting is legal in a growing number of states, the rules for betting on the draft can vary. For the 2022 NFL draft, the following states allowed wagering:
Michigan and West Virginia required you to wager by the day before the draft started. Connecticut, Iowa, New York, Pennsylvania, and Virginia did not allow draft betting, but Ontario did. Additional information on state-specific rules is available here.
Which team has the 1st pick at the 2023 NFL draft?
Barring any trades that disrupt the order, positioning at the NFL draft depends on the standings from the previous season. The team with the worst overall record picks first, followed by the second worst team, and so on.
We won’t know the order of this year’s draft for several months, but we can use the latest Super Bowl odds as a bit of a crystal ball. There are six teams with odds of +50000 or longer at DraftKings. Here’s the list along with the latest best available betting line to win it all.
- Los Angeles Rams:
- Arizona Cardinals:
- Pittsburgh Steelers:
- Denver Broncos:
- Chicago Bears:
- Houston Texans:
While there are no guarantees that the season will go exactly according to the script, the Texans are projected to be the worst team in the league. We can consider them to be the current clubhouse leaders for the first overall pick at the 2023 NFL draft as a result.
NFL first overall pick history
Over the past decade of the NFL draft, the team with the first overall pick has selected a QB six times. Here’s the full list:
|2022||Jacksonville Jaguars||Travon Walker||DE||Georgia|
|2021||Jacksonville Jaguars||Trevor Lawrence||QB||Clemson|
|2020||Cincinnati Bengals||Joe Burrow||QB||LSU|
|2019||Arizona Cardinals||Kyler Murray||QB||Oklahoma|
|2018||Cleveland Browns||Baker Mayfield||QB||Oklahoma|
|2017||Cleveland Browns||Myles Garrett||DE||Texas A&M|
|2016||Los Angeles Rams||Jared Goff||QB||California|
|2015||Tampa Bay Buccaneers||Jameis Winston||QB||Florida State|
|2014||Houston Texans||Jadeveon Clowney||DE||South Carolina|
|2013||Kansas City Chiefs||Eric Fisher||OT||Central Michigan|
This trend also holds true on an all-time basis. Here’s the complete position breakdown of top picks by position:
- Quarterbacks: 34, last in 2021
- Running backs: 23, last in 1995
- Defensive linemen: 16, last in 2022
- Offensive linemen: Six, last in 2013
- Wide receivers: Five, last in 1996
- Linebackers: Four, last in 1988
- Defensive backs: One, in 1956
College football can be cyclical. However, some programs have produced more top picks than others. Here are all of the schools with multiple No. 1 picks:
- Five: Georgia, Notre Dame, Oklahoma, USC
- Four: Auburn, Stanford
- Three: LSU, Ohio State, Texas
- Two: California, Miami, Michigan, Nebraska, Penn State, South Carolina, Tennessee, Virginia Tech
For the past decade, just one school has produced more than one first pick. Oklahoma QB Baker Mayfield went No. 1 to the Cleveland Browns in 2018, and the Arizona Cardinals took Kyler Murray as the top pick the following year.