NBA Draft Tracker: Latest News Affecting Odds, Betting Markets

Written By Eli Hershkovich on June 23, 2022 - Last Updated on June 24, 2022
NBA draft odds

As the countdown to Thursday night nears, there are plenty of reports surfacing that are either predictive or a smokescreen. Regardless, the betting markets often shift as a result. Below is the latest news to inform you before placing your final wagers on NBA draft odds.

Free Pick’Em Contests! Compete for prizes every day by entering our free betting games. NBA, MLB, golf and more!

NBA Draft Sports Betting Promos And Bonus Codes

UP TO $1,050 FREE
New User Bonus. T&Cs Apply.
UFC 276 Optin Promo: Bet $5, Get $100
PLUS $50 Free On Deposit
PLUS Up to $1,000 Deposit Bonus
To Claim: Click Bet Now
Risk Free Bet
Up to $1,500 Risk Free Bet
Weekly Odds Boosts
Use Promo Code: LEGAL15
No Sweat First Bet
Up to $1,000 in Free Bets if You Lose Your First Bet
Available on iOS, Android & Desktop
To Claim: Click Bet Now
Risk Free Bet
Exclusive Offer:
$100 Risk Free Bet
Use Promo Code: BETBONUS

Where Can I Bet On The NBA Draft?

NBA Draft Odds: Rumors Around The League

Thursday Afternoon/Evening

No. 1 Pick (Orlando Magic): 

  • 7:45 p.m. EST: After Woj tweeted that Paolo Banchero was “under serious consideration to be the franchise’s No. 1 overall pick,”  he was steamed as low as -5000 at one legal sportsbook before the Magic made the selection.
  • 6:30 p.m. EST: Caesars Sportsbook has Jabari Smith as a -700 favorite to be selected by the Magic. There doesn’t appear to be any Banchero buyback on the way.
  • 5:50 p.m. EST: Smith is a -500 favorite to go first overall at BetMGM Sportsbook. He’s a bit cheaper at Caesars, sitting at -300.
  • 4:30 p.m. EST: BetMGM has reposted a market for this pick. Smith is a -400 favorite, and Banchero sits at +175. As of now, the number has been fairly stagnant.
  • 2:10 p.m. EST: Here is where every online sportsbook, which has No. 1 pick odds available, stands on Smith and Banchero.
    • Caesars: Smith -225; Banchero +175
    • FanDuel: Smith -260; Banchero +190
    • PointsBet: Smith -191; Banchero +135
    • DraftKings: Smith -400; Banchero +250
  • 1:10 p.m. EST: Smith’s odds have jumped to -420, as Banchero’s odds have increased back to +260.
  • 12:50 p.m. EST: Smith is -135 — with Banchero gaining steam again, getting bet down to +100.
  • 11:30 a.m. EST: Smith’s odds were altered to -390 at FanDuel while Banchero sits at +260. But is this movement is in relation to the Rockets possibly trading up to take Banchero?

Thursday Morning

No. 4 Pick (Sacramento Kings): Jaden Ivey went from -155 to -200 to be the fourth overall selection. Even though Ivey never participated in an official workout with the Kings, the same held true for their last two first-round picks (Davion Mitchell, Tyrese Haliburton). The Knicks or Pacers could also move up to draft the Purdue product. But Keegan Murray at +150 (see below) may still be in play.

No. 1 Pick (Magic): After sitting as high as +2000 on Friday, Banchero is -130 to go first overall at Caesars Sportsbook — leapfrogging Smith for the shortest odds for the first time since the market opened. There are no recent reports indicating that GM John Hammond is more likely to nab the former Duke forward, but money has flung towards Banchero after Smith’s NBA draft odds were steamed on Wednesday. Over at DraftKings Sportsbook, Banchero is priced at +100 while Smith is still at -150.

  • Banchero reached as low as -200 at Caesars overnight before the sportsbook pulled the plug. In fact, every legal, online sportsbook initially had the market off the board following a report from ESPN’s Adrian Wojnarowski that Orlando is still set on Smith. He also anticipates Chet Holmgren to go second overall to the Thunder ⁠— followed by Banchero to the Rockets. Smith was as low as -10000 before settling in at -3500 on FanDuel.

Wednesday Evening

No. 1 Pick (Magic): Although the market made a hefty push towards Banchero in recent days, the Magic’s silence has given league executives the inclination that Smith will be the first overall selection. Caesars has those odds all the way to -310 NBA draft odds while BetMGM Sportsbook sits 10 cents lower at -300.

No. 4 Pick (Kings): Kings GM Monte McNair is reportedly still listening to offers for this selection, but the consensus is there isn’t necessarily a package that entices he and owner Vivek Ranadivé enough to trade it. Ranadivé has publicly noted his interest in Murray, which I wrote about on Monday. There isn’t as much value in that number as there was then, yet Caesars is listing Ivey’s draft position over pick No. 4 (+130) as a slightly more intriguing price tag than Murray to be selected at No. 4 (+110).

No. 7 Pick (Portland Trailblazers): Similar to the Sacramento, Portland could trade out of this position. The Trail Blazers are reportedly in pursuit of Toronto Raptors forward OG Anunoby with the No. 7 pick in Thursday’s draft in play.

If they don’t trade, the Trailblazers are rumored to be targeting Shaedon Sharpe, who didn’t play a minute for Kentucky last season. New assistant GM Mike Schmitz (formerly an ESPN draft analyst) was on the “The Woj Pod” before taking the NBA gig, and he highlighted Sharpe to be a fine selection at this juncture as an “upside swing.” Sharpe’s draft position under 7.5 is +155 at Caesars.

More On NBA Draft Odds From Eli:

  1. 2022 NBA Draft Odds, Bonus Code Promos, Implied Probability
  2. Early NBA Draft Rumors
  3. Top 10 College Basketball Players Not Entering The NBA Draft

Continue the discussion in our Discord betting chat, where bettors discuss their favorite NBA draft wagers. You can also follow TheLines on Twitter.

Eli Hershkovich Avatar
Written by
Eli Hershkovich

Eli Hershkovich is a lead sports betting writer with TheLines and Catena Media, formerly with Audacy and The Action Network. His goal is to provide you with data and information to lead you to winning bets. Eli is an avid college basketball gambler — among many other sports — and still hasn't forgiven Virginia for ruining his 2018-2019 Texas Tech futures.

View all posts by Eli Hershkovich