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So, we have to keep our house to make sure information stays where it should be. After all, how often do bettors regularly get the best of the bookmakers on an event? But for the league, betting interest for the draft poses the same conundrum that the NFL faces with sports betting overall: It is great for fan engagement, but also comes with integrity risks centered on inside information. The NFL's gambling policy prohibits league personnel from "using, disclosing or providing access to confidential, non-public information" for gambling-related purposes directly or through another person.
NFL personnel includes league office employees, players, owners, coaches, athletic trainers, game officials, security personnel, consultants, club employees, game-day stadium personnel and other staff. Agents, family members and media partners, however, are not included under the league's gambling policy.
Nevada Gaming Control first approved betting on the draft in , and when this year's draft kicks off Thursday in Las Vegas, sportsbooks in approximately a dozen states will be taking action on everything from which player will go No. Irrelevant, the last player taken. But not everyone is on board. Many of the prohibited states do not consider the draft to be a sporting event, which is required in legislation.
In the states that do allow betting on the draft, many regulatory bodies place varying restrictions on the bets that can be offered and when betting on the draft must be halted. In Nevada, betting on the draft must cease 24 hours before the start of the first round and cannot be reopened. As a result, the Nevada Gaming Control Board believes strongly that the closer we get to the event date, the more likely there is a chance insider information could be disclosed and the wager will be compromised.
Betting is not allowed on the pick that's currently on the clock or the two subsequent picks "to ensure that there is no wagering on a pick that has leaked prior to it being announced," according to the New Jersey Division of Gaming Enforcement. The Arizona Department of Gaming also has narrowed its draft-betting menu to 39 approved options. Hal Wafer, event wagering and fantasy sports administrator for the Arizona Department of Gaming, said the ADG met with the NFL recently and that the league approved of its wagering menu on the draft and generally conservative approach.
As the draft began, Lance had turned into a odds-on favorite to go No. American odds can be converted to decimal, fractional, or implied probability using our odds converter. Mock drafts The NFL Draft has gained popularity in the past decade and there are a number of sources dedicated to reading the tea leaves and projecting the proper order of players selected in the NFL Draft.
These mock drafts are a great place to start your NFL Draft handicapping. News and rumors Keep your ear to the ground when it comes to draft news and rumors. Make sure to follow the NFL insiders and draft analysts on social media and get the latest takes and rumblings from team head offices, especially as it pertains to potential trades and teams moving up in the draft order.
NFL Combine and pro days The annual NFL Scouting Combine puts the top prospects on display, working those players through a series of tests and drills to help teams get a deeper dive into their skill sets. Some players will pass on the official combine and host their own pro day, inviting scouts to witness a planned and controlled session.
Bet early and watch for steam NFL Draft odds start to trickle out in the early spring and really ramp up in the week before the draft itself. If you do have a solid opinion on the opening draft odds, pounce on them while also monitor which markets are moving the most. Wait until late The juiciest and most actionable information for betting on the NFL Draft comes out in the 48 hours before Round 1.
Some sportsbooks are required to close NFL Draft betting within this two-day window, so make sure you know the house rules at your respective betting site of choice. The options and size of the wagering menu vary from sportsbook to sportsbook, as some legal markets limit betting operators to only certain formats of draft props. The following states allow betting on the NFL Draft.
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Sports betting during the NFL Draft
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