The 2021 NBA Draft is scheduled to go ahead in November, and the NBA Draft odds are already out as to who will be the number one draft pick. This season was affected by the coronavirus pandemic which halted all NBA basketball play in March 2020. The draft is usually held in late June each year, but because the season was postponed instead of cancelled, it was held in November in 2020.

The odds are already out, despite the season on hiatus but that doesn’t change the rankings of the top college basketball and international prospects coming to the big leagues in 2021. Each top draft position has odds on which player will be selected, and there are some great players available for the taking. The odds for the NBA Draft were last updated on April 23, 2021: 

2021 NBA Draft First Overall Pick  bovada MyBookie gtbets

2021 NBA Draft Lottery Odds

Six teams are still uncertain in the Draft lottery since the play was paused. The Draft Lottery allows for players who didn’t make the playoffs in the previous year to enter a lottery-style process to determine their pick selection slots. 

The eight teams who have already been confirmed for the draft lottery include the Golden State Warriors, Minnesota Timberwolves from the Western Conference and the Cleveland Cavaliers, Atlanta Hawks, Detroit Pistons, New York Knicks, Chicago Bulls and Charlotte Hornets from the Eastern Conference. 

The league uses fourteen ping pong balls and assigns over 1,000 four-digit number combinations to each team. The three worst teams of the previous season receive 140 combinations each, the fourth-worst receives 125, and so on.

2021 Projected Draft Lottery

  1. Detroit Pistons
  2. Washington Wizards
  3. Minnesota Timberwolves
  4. New Orleans Pelicans
  5. Oklahoma City Thunder

NBA Draft Betting Odds

How to bet on the 2021 NBA Draft

There will be odds released on the draft lottery and the NBA Draft itself in the months and weeks leading up to the event. Once the season starts up after the hiatus, each game will give us an idea of the remaining six teams to enter the draft lottery, and where the teams will stand on a selection level.

2021 First Overall Pick at the NBA Draft

The first overall pick will undoubtedly be the most popular bet we’ll see in months to come, and it’s important to understand this betting type and how to predict the outcome.

The first overall pick at the 2021 NBA Draft will be a prop bet, which if you aren’t familiar with proposition bets, is just a ‘for fun’ bet that you can place. There will be a list of the top contenders, and they will be ranked by their probability of winning, with odds that represent how likely it is that they’ll be selected first overall.

nba draft odds

2020 NBA Draft: First Overall Pick Odds

  • Anthony Edwards -110
  • James Wiseman +175
  • LaMelo Ball +250
  • Obi Toppin +1000
  • Deni Avdija +1500
  • Killian Hayes +1500
  • RJ Hampton +2000
  • Cole Anthony +5000

The question is, does Anthony Edwards deserve to be selected first? This draft is unique in that there isn’t a favorite that really stands out this year. The teams have a tough choice where the top prospects are all fairly skilled, but there isn’t a standout Lebron James or Kyrie Irving as an obvious first overall pick.

If Anthony Edwards has -110 odds, that’s fairly standard as a favorite this far out from the event, and you think he will be selected first, you can place a wager on him. A $100 wager would pay out approximately $90 and change, plus your initial stake. If you like someone a little lower on the odds board like LaMelo Ball at +250, you could place a $100 wager on him that would pay out $250 plus your initial wager if he’s chosen first overall.

A good tip to remember when it comes to NBA odds:

When you have positive odds, you will win that much for every $100 you wager. When you have negative odds, you will need to wager that much to win $100.

Past Ten First Overall Draft Picks

  • 2020 - Anthony Edwards (Minnesota Timberwolves)
  • 2019 - Zion Williamson (New Orleans Pelicans)
  • 2018 - Deandre Ayton (Phoenix Suns)
  • 2017 - Markelle Fultz (Philadelphia 76ers)
  • 2016 - Ben Simmons (Philadelphia 76ers)
  • 2015 - Karl-Anthony Towns (Minnesota Timberwolves)
  • 2014 - Andrew Wiggins (Cleveland Cavaliers)
  • 2013 - Anthony Bennett (Cleveland Cavaliers)
  • 2012 - Anthony Davis (New Orleans Hornets)
  • 2011 - Kyrie Irving (Cleveland Cavaliers)
  • 2010 - John Wall (Washington Wizards)

You’re able to bet on the top five spots in the NBA Draft, so you could correctly predict the top five draft picks and have a great little payday if you have your finger on the pulse. If you really want to make some money, you can parlay your draft order and make a killing if you’re correct.

Sometimes, a team will throw an absolute curveball and draft a player out of the left field, and that can seriously throw off the order of things - bumping players down the list. It’s important to know the kinds of players that drafting teams need and the styles of play that would appeal to the coaches and General Managers.

NBA Draft

Top Online Sportsbooks for NBA Draft Betting

When it comes to selecting a sportsbook for betting on the NBA Draft, you will need to do your research. Not all sportsbooks provide NBA Draft odds, and many don’t provide a slew of options like we discussed above. You will want to find a sportsbook that offers the best NBA odds possible, as well as a sportsbook with a great selection of proposition bets and futures as well.

Any online sportsbook listed on OnlineSportsBetting in our reviews section is thoroughly vetted by our experts, is safe and secure, and offers exceptional odds selection. We ensure to promote sportsbooks that we use ourselves, especially for betting on the NBA Draft.

Get ready for your 2021 NBA Draft betting, November 18th will be here before you know it!

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