2024 NBA Draft Betting Guide – Best Sportsbooks, NBA Draft Betting Odds & Lines

By

Bram Welch

Bram Welch Sports Editor

Bram Welch has been writing about sports betting and iGaming for over six years. He started as a freelancer before joining our team in 2022. He has worked teaching English as a foreign language and as a journalist for the UK's largest regional newspaper.

All posts by Bram Welch

Sports Editor

Updated 17 Dec 2024

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With the big nights all set for June 26 & 27, we present our complete 2024 NBA Draft betting guide. Discover the best NBA Draft betting sites with industry-leading market coverage and odds. Whether you are looking to bet on the No. 1 Overall Pick or if a player will get drafted above or below a particular position, these top-ranked sportsbooks have you covered.

In addition, we discuss NBA Draft betting lines and odds and how they work, and we provide valuable tips and strategies to help you improve your skills when wagering on the big event.

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Best NBA Draft Betting Sites for 2024

Let’s look at the best sportsbooks for NBA Draft betting in the US. Note that they’re all offshore betting sites that are fully licensed and safe to play nationwide.

1. BetOnline – Best Overall NBA Draft Betting Site for 2024
2. Bovada – Safe Sportsbook with Solid Security Features
3. MyBookie – Head-to-Head NBA Draft Betting
4. BetUS – The Biggest Welcome Bonus
5. Sportsbetting.ag – The Most Attractive & Competitive Odds
6. BetWhale – Best for NBA Draft Live Betting
7. BetNow – Three Different Sign-Up Offers
8. XBet – Several Overall Pick Bet Options
9. BUSR – Best for Player Props
10. Jazz – Great Mobile Betting Experience

Best NBA Draft Betting Sites Reviewed

What sets our listed draft betting sites apart from the rest? Below, we review the top five sportsbooks, highlighting their unique features and offerings.

1. BetOnline – Best Overall NBA Draft Betting Site for 2024

Boasting a Panama license and over 25 years in the gambling industry, BetOnline is our number-one pick for NBA Draft betting in the United States. All US residents can create an account on this site within a few minutes and get access to a wide selection of betting markets.

You can bet on the No. 1 overall pick, No. 2 – 5 picks, and several other draft positions. Also, specials like Team to Draft Bronny James, Bronny James Draft Round, and Will the Number 1 Overall Pick be Traded, among others, are available. In addition, BetOnline’s odds are generally among the most competitive in the game.

Before placing your first wager, you can claim $250 in free bets as a new customer. Meanwhile, if you’re a returning customer, BetOnline offers additional free bets on the live and prop betting markets and odds boosters to further enhance your bankroll. In addition, there’s a VIP program offering exclusive perks and bonuses.

2. Bovada – Safe Sportsbook with Solid Security Features

Launched in 2011, Bovada is another highly-rated US NBA Draft betting site with solid security features. First, the sportsbook uses SSL encryption and 2-factor authentication to protect your data from being compromised. Additionally, Bovada holds two gaming licenses from the Curacao and Anjouan jurisdictions, showing its commitment to sports betting in a safe environment.

When it comes to betting options, players have an abundance of lines available at Bovada. These include market-leading odds on the No. 1 overall pick, draft position wagers (1st-20th), players to be drafted in the first round, and players to come off the board in the top 5, 10, and 20.

If your preferred draft betting market is absent, you can ask Bovada to provide it using #WhatsYaWager on X.com. Alternatively, you can request the bet via the site’s customer support by phone or live chat.

3. MyBookie – Head-to-Head NBA Draft Betting

With its intuitive interface, MyBookie is another top-rated sportsbook in the United States. Thanks to the site’s simple design, you can easily navigate and make your bet selections. You’ll find dozens of lines on the platform, whether draft position or overall position markets.

MyBookie provides excellent variety in its head-to-head betting markets, where you can predict which of two specific players will be drafted higher. The sportsbook compares many top prospects, allowing you to choose which will be picked first in the draft. For example, if you reckon Cody Williams will go off the board ahead of  Tidjane Salaun, you can back that at -216. In addition, there’s a live betting page where you can pick wagers even when the draft is ongoing.

This long-serving NBA Draft betting site offers Bet Boosts, where the odds of specific selections are enhanced, increasing your potential payouts. Newcomers may also be interested in reading that the platform provides a 50% deposit match welcome bonus worth up to $1,000 in free cash to wager on the event. Claim this offer using the right MyBookie promo code.

4. BetUS – The Biggest Welcome Bonus

Established in 1994, BetUS is one of the US’s oldest NBA Draft betting sites. The sportsbook shines in the promotions department with its mouthwatering welcome promos, a 125% offer up to $2,625 & a 150% crypto deposit bonus up to $3,750. In addition, sizeable reload offers are available.

Regarding betting markets, BetUS provides several options to bettors, including Overall Pick, Top 3 Exact Draft Order, Draft Position, To Be Drafted in the Top 5/Top 10, and many more. The site also offers attractive odds, especially on the Top 3 Exact Order market, which works like a horse racing trifecta, providing huge cash wins if your luck is in.

BetUS’s Odds Boost feature enhances the odds of specific markets, increasing your potential profits. If you encounter difficulties wagering on the sportsbook, you can request help using the live chat option. The agents typically reply very promptly with helpful responses.

5. Sportsbetting.ag – The Most Attractive & Competitive Odds

Sportsbetting.ag is another highly-rated sportsbook for NBA Draft betting in the US, thanks mainly to the competitive odds on offer. We compared the site’s odds to hundreds of sportsbooks and found they’re better than most.

In addition, Sportsbetting.ag covers a wide range of betting markets, such as Overall Pick, Draft Position, and Top 10 Pick. Like BetOnline, the platform provides attractive specials like Total Non-NCAA Players Drafted in 1st Round and Total Trades in Top 10 Picks. A small quip, however, we really enjoyed the NFL Draft predictor contest back in April but, for some reason its NBA-equivalent hasn’t been made available this year.

Still, there is plenty more to cheer at this sportsbook: Sportsbetting.ag offers a live betting suite, allowing you to bet on different outcomes as the NBA Draft unfolds. Also features like Props Builder and Odds Boosters are available to help add variety and edge you into the green, and there are multiple bonuses listed. These include the deposit match welcome offer and free bets on the live and prop wagering markets.

Best 2024 NBA Draft Betting Sites Compared

Let’s see how our top 10 sites for NBA Draft betting compare against one another in certain key areas.

Sportsbook	Welcome Bonus	Promo Code	NBA Draft Betting	NBA Draft Contests
BetOnline	$200 in free bets	FREE250
Bovada	75% up to $750	BTCSWB750
MyBookie	100% up to $1,000 + $10 casino chip	MB100
BetUS	100% up to $2,000	JOIN125
SportsBetting.ag	50% up to $500	WELCOME
BetWhale	125% up to $1,250	WHALECOME
BetNow	100% up to $500	BN100
XBet	50% up to $250	XBWELCOME50
BUSR	100% up to $2,500	SPORTS100FP
Jazz	100% up to $1,000	JAZZRFB

How We Select the Best NBA Draft Betting Sites

We didn’t just stumble upon our list of the best NBA Draft betting sites. When curating this list of draft sportsbooks, we carefully and meticulously evaluated dozens of sites. Below are the factors we took under consideration when assessing each platform.

Range of Betting Markets

Our featured NBA betting sites offer a wide selection of betting markets for an enjoyable experience. These include Overall Pick, Player Draft Position, and First X Picks in Order. In addition, they provide an extensive selection of props and special bets.

Bonus & Promotion

We selected sites that provide a good number of promotions to add extra funds to players’ wallets. These sportsbooks feature welcome bonuses, reload offers, free bets, cashbacks, refer-a-friend promos, and a VIP program. We checked that the terms associated with these promotions were all reasonable and easily achievable.

Safety & Security

We value your safety when wagering online. So, we’ve handpicked sites that offer gaming in a safe environment. They provide solid security features like licenses from trusted authorities, secure payments, SSL encryption, 2-factor authentication, and responsible gambling tools.

Live Betting

Our rated sites provide a live betting page, allowing you to wager on different outcomes as the NBA Draft progresses. The odds change constantly as events unfold, and you can take advantage of the shifting lines to win a profit.

Payment Methods

Our recommended NBA Draft betting sites allow you to deposit and withdraw funds using various payment options. These include credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. The sportsbooks also complete transactions quickly, charging low or no processing fees.

Customer Support

We picked sportsbooks that provide multiple channels to reach customer support, including phone, email, and live chat. We verified that customer support is available round-the-clock, providing helpful responses to all queries.

What is the NBA Draft?

The NBA Draft, which dates back to 1947, is an annual event where the 30 NBA teams pick new players. It usually takes place in late June and consists of two rounds.

Most of the players drafted come from US college basketball, but the list also includes international players and those from the G League. To be eligible for the draft, players must be at least 19 years old and, for college players, one year out of high school.

The Draft Lottery decides the order of the first 14 picks, which are given to the teams that failed to reach the NBA playoffs in the previous season. The lottery is weighted, meaning teams with worse records have the best chances of securing a higher pick. That said, there’s still a chance for teams with better records to move up in the order.

The remaining 16 picks are then assigned to the teams that made the previous playoffs in reverse order of their win-loss record during the regular season. This means that the team with the best record picks last.

NBA teams can trade picks and players during the draft. They have five minutes to make their pick in the first round and two minutes in the second round. There are 60 picks in total over the two rounds. However, the 2022, 2023, and 2024 editions had 58 picks overall.

Timeline of Significant Events & Trades

Find out the most memorable events and notable trades in the history of the NBA Draft.

• 2021: Williamson becomes the fourth youngest NBA player selected in an All-Star game.
• 2019: Zion Williamson is the first overall pick by the New Orleans Pelicans.
• 2011: The Cleveland Cavaliers selected Kyrie Irving first overall. The point guard later won the NBA Championship with the Cavaliers in 2016.
• 2003: Cleveland Cavaliers select LeBron James as the year’s first overall pick. Further picks this year included future stars like Dwayne Wade (5th pick), Carmelo Anthony (3rd pick), and Chris Bosh (4th pick).
• 1998: The Milwaukee Bucks select Dirk Nowitzki as the 9th pick and trade him to the Dallas Mavericks. He later becomes one of the greatest power forwards and European players of all time.
• 1996: Another prominent draft in NBA history. It produced stars like Kobe Bryant (13th pick), Allen Iverson (1st pick), Ray Allen (5th pick), and Steve Nash (15th pick).
• 1985: The first NBA Draft Lottery takes place, with the New York Knicks winning and picking the now-legendary Patrick Ewing.
• 1984: One of the most famous drafts involving Hall of Famers Hakeem Olajuwon (1st pick), Michael Jordan (3rd pick), Charles Barkley (5th pick), and John Stockton (16th pick).
• 1947: The inaugural NBA Draft takes place, and Clifton McNeely becomes the first player ever selected.

When is the 2024 NBA Draft Lottery

The 2024 NBA Draft Lottery was held in Chicago on May 12, 2024. The event usually takes place around mid-May each year. So, we expect the 2025 edition to be around the mid-point of May in 2025. The exact date will be announced closer to the NBA Draft.

How Many Rounds are there in the NBA Draft in 2024?

Like in recent years, the 2024 NBA Draft will consist of two rounds over two nights. This is the first time the draft will be held on more than one night since it was reduced to two rounds in 1989.

When is the 2024 NBA Draft?

The 2024 NBA Draft will take place in New York in June. The first round takes place on June 26, 2024, at Barclays Center in Brooklyn, with the second round all set for June 27 at ESPN’s Seaport District Studios in Manhattan.

What time is the 2024 NBA Draft?

The table below details the NBA Draft dates and commencement times in all major US time zones.

Is Betting on the 2024 NBA Draft Legal in the US?

The legality of NBA Draft betting varies from state to state. In 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), giving individual US states the autonomy to legalize sports betting.

As of 2024, more than 30 US states have legalized wagering on sports, including NBA Draft betting. While states like Delaware, New York, and Florida allow residents to bet online and in person on the NBA Draft, others such as Mississippi and Nebraska permit wagering at retail sportsbooks only. Georgia, Hawaii, and 12 other states don’t allow NBA Draft betting in any form.

If your state has yet to regulate sports wagering, you can bet legally and safely online using our featured offshore sportsbooks. These sites are available to all US residents, who can sign up and bet without restrictions or fear of prosecution. The platforms offer bigger bonuses and more betting markets than most state-regulated sites.

The table below shows you if NBA Draft sports betting is legal in your state.

State	NBA Draft Betting	NBA Draft Betting Props
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nevada
Nebraska
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington, D.C.
West Virginia
Wisconsin
Wyoming

Best Sportsbook Bonuses for Betting on the 2024 NBA Draft

The best US sportsbooks provide a range of generous promotions to give you extra funds and enhance your potential winnings when NBA Draft betting. These promos include welcome offers, reload bonuses, no-sweat bets, odds boosts, cash rebates, and NBA Draft specials.

Check out which of these bonuses our NBA Draft betting sites offer below.

Sportsbook	Welcome Bonus	Reload Bonus	No-Sweat Bets	Odds Boosts	Cash Rebates	Crypto Promos
BetOnline	$250 in free bets		$50 risk-free live bet	Parlays, futures, and props	$50 risk-free player prop wager
Bovada	75% up to $750			Parlay booster	% of cashback depends on tier level in the Rewards ladder	75% deposit bonus up to $750
MyBookie	100% up to $1,000 + $10 casino chip	50% up to $1,250		Daily specials
BetUS	100% up to $2,000	100% up to $2,500		Odds booster		150% up to $2,000
Sportsbetting.ag	50% up to $500	25% up to $250	Up to $100 on live wagers	Daily booster	100% risk-free player prop wager	100% crypto welcome bonus up to $1,000
BetWhale	125% up to $1,250	Unlimited 50% match bonus	$50 player prop	Daily booster		250% first deposit bonus
BetNow	100% up to $500	25% up to $500			2% of net loss minus week’s bonus	200% up to $200
XBet	50% up to $200	5% crypto re-up bonus up to $100
BUSR	100% up to $2,500	50% up to $1,250				100% up to $1,000 bonus
Jazz	100% up to $1,000 + risk free bet	20% up to $500	$25 risk-free props builder		$25 risk-free live betting	100% up to $1,000 bonus

How to Read NBA Draft Betting Odds

Before betting on the NBA Draft, you should understand how the odds work. NBA Draft betting odds are a visual representation of the chances of an outcome happening and the potential payout for your bet.

Positive (+) odds indicate that a sportsbook less fancies an outcome and will yield higher payouts if your luck is in. On the other hand, negative lines (-) mean an outcome is more favored and will give lower payouts for a successful bet. Also, the higher the value of the favorable odds for an outcome, the less likely the sportsbook fancies it to happen.

For example, consider BetOnline’s odds for the No. 1 Overall Pick NBA 2024 Draft, as shown above. With -130, Zacharrie Risacher of the LNB Pro A is the sportsbook’s favorite for the first overall pick. If you wager $130 on the 19-year-old and he is the first overall pick, you win a $100 profit.

Meanwhile, Bronny James has +30000 odds, meaning BetOnline doesn’t believe the former USC point guard will be the first overall pick. However, if you bet $100 on LeBron James’s son, and he manages to defy the odds (very unlikely, if not impossible), you’ll receive a whopping $30,000 profit.

Popular NBA Draft Betting Lines

Let’s look at the NBA Draft betting lines you can explore when wagering at our featured sports betting apps.

No. 1 Overall Pick

This is the most popular line at the best NBA Draft betting sites. It simply involves predicting which player will be selected first on draft night.

No. 2 – No. 5 Overall Pick

Similar to the No. 1 Overall Pick, you’re betting on which players will be selected: second, third, fourth, and fifth.

Player Draft Position (Over/Under)

Here, you’re wagering on whether a player will come off the board higher or lower than a specified position.

First Four Picks in Order

This is similar to the superfecta bet in horse racing. It involves picking the exact order of the first four picks in the NBA Draft.

Props/Specials

In NBA Draft betting, props refer to more unique, specific, and exciting betting lines than the regular markets. Here are a few examples:

• Bronny James Drafted
• Total Trades in Top 10 Picks
• Total Trades in Top 5 Picks
• Will the Number 1 Overall Pick be Traded?
• To Be Drafted in Top 5

NBA Draft Betting Odds for the No. 1 Overall Pick in 2024

A helpful tip in NBA Draft betting is shopping around for odds at the best sportsbooks. We’ve compiled the betting odds available at our top 5 featured sites so you can compare and pick the one that offers the best value.

How to Use 2024 NBA Mock Drafts to Aid Your Betting

In the lead-up to the NBA Draft, experts release NBA mock drafts, which predict the order in which they expect players to come off the board. The mocks are usually well-researched, taking key factors like player performance, team needs, and historical trends into account.

Although mock drafts are not always accurate, they can point you in the right direction when making your wagers.

ESPN

ESPN, a leading source for sports analysis, provides some of the most accurate and respected mock drafts. Analysts like Jonathan Givony and Mike Schmitz offer scouting reports, insider information, and updates leading up to the draft.

DraftExpress

Now part of ESPN, DraftExpress offers comprehensive mock drafts informed by in-depth analysis. Experts like Jonathan Givony provide video breakdowns, helping you understand player strengths and weaknesses.

The Ringer

The Ringer provides well-thought-out mock drafts curated by experts like Kevin O’Connor. They also produce articles and podcasts highlighting team needs and player ability.

CBS Sports

On CBS Sports, Gary Parrish and Kyle Boone offer accurate mock drafts and expert commentary. The long-standing news outlet regularly updates its mocks and includes in-depth analysis.

NBADraft.net

NBADraft.net is another top place to find the best NBA mock drafts. The site provides player information, scouring reports, and past draft data to help you make winning bet selections.

Expert NBA Draft Betting Predictions 2024

If you want to wager on the 2024 NBA Draft, consider the following well-thought-out predictions by the SportsTalkPhilly experts.

Zaccharie Risacher to be the No. 1 Overall Pick

Most recently representing JL Bourg in the France LNB Pro A league, Zaccharie Risacher is the favorite to be the No. 1 Overall Pick at the 2024 NBA Draft. The public consensus is that the Atlanta Hawks will add the 19-year-old to the attacking ranks of Trae Young and John Collins.

Risacher enjoyed a stellar 2023-24 season with JL Bourg in the EuroLeague, averaging 11.3 points and 3.3 rebounds per game.

Bronny James Drafted Below 41.5 Draft Position

Bronny James, son of legendary NBA superstar LeBron James, has plenty of eyes on him ahead of the 2024 NBA Draft. The Lakers (17th and 55th picks) and the Sun (22nd pick) are favorites to select the shooting guard.

Meanwhile, the Minnesota Timberwolves (27th and 37th picks) and Toronto Raptors (19th and 31st picks) are potential destinations for the 6 ft 2 in player. Considering these interested parties and their pick numbers, we expect Bronny James to go off the board below the 41.5 position.

Ronald Holland in the Top 10

Ronald Holland was a top performer in the 2023-24 G League season, averaging 20.6 points, 3.2 assists, 6.6 rebounds, 2.5 steals, and almost a block per game. These numbers have made him an attractive option for NBA teams looking for a small forward or power forward.

As one of the better players in the 2024 NBA Draft, we expect the 6 ft 8-inch player to go in the top 10.

NBA Draft Betting Terminology

Familiarize yourself with the following NBA Draft betting terms to improve your skills when wagering at the best sportsbooks.

• Big Board: A ranking of draft prospects based on their potential in the NBA.
• Combine: An event where prospects showcase their skills to NBA scouts and executives.
• Draft Order: The order in which teams select players, as determined by the lottery and team record.
• Draft Position: The particular position where a player is selected in the draft.
• Draft-and-Stash: When a team drafts a player and takes them overseas to develop in another league before bringing them to the NBA.
• First Round: The initial round of the NBA Draft, consisting of the first 30 picks.
• G-League: The NBA’s development league, where some draft prospects play before joining an NBA team.
• International Prospect: A player from a league outside the United States who is eligible for the NBA Draft.
• Lottery: A system used to determine the order of the first 14 teams in the draft.
• Mock Draft: Expert analysts predict the positions each player comes off the board at the draft.
• NCAA: Short for the National Collegiate Athletic Association. It’s the body that governs college basketball in the US.
• No. 1 Pick: The first overall selection in the NBA draft.
• Sleeper: A player considered unlikely to be drafted high but with a potential for an upset.
• Trade: An agreement between teams to exchange draft picks or players.
• Upside: The potential for a player to improve significantly with time and become much better in the NBA.

The Best NBA Draft Betting Site Overall for 2024

NBA Draft betting provides numerous opportunities to place bets and earn a profit wagering on the NBA Draft. Before making your wagers, ensure you research player performance, team needs, and past draft history. Also, check ESPN, the Ringer, and CBS Sports for well-analyzed mock drafts.

Afterward, you can join one of our featured sportsbooks to place your bet. BetOnline is our top choice for NBA Draft betting, thanks to the range of betting markets and generous bonuses. The site also offers some of the most competitive odds of all betting platforms in the US.

2024 NBA Draft FAQs

Problem Gambling

NBA Draft betting should be fun, not a burden. If you or someone you know is struggling with problem gambling, the following resources can provide some support and assistance.

• National Council on Problem Gambling
• Gamblers Anonymous
• GamTalk
• Gam-Anon

Page Resources

• ESPN
• Euroleague Basketball
• NBA G League
• Wikipedia