How to Bet on the NFL Draft: A Step-by-Step Guide

The NFL draft is a day filled with excitement, anxiety, and a whole lot of money. On one hand, you have been waiting all year for the opportunity to bet on your favorite NFL team; on the other, you have the fear of missing out (FOMO) if you don’t place your wager in time. It’s all very emotional, but don’t worry, we’re here to tell you everything you need to know about betting on the NFL Draft.

Step 1: Place Your Pre-Game Bet

The first and most important step to successfully betting on the NFL draft is to place your pre-game bet. This is the amount of money you are willing to wager on whether your favorite team will win the draft. The majority of wagering businesses block pre-gaming due to regulations which forbid it – but don’t worry, this method is perfectly legal and doesn’t require you to bet on a single team. Before the start of the draft, you can bet on who you think will win, place a wager on the over/under on the draft order, or even on who you think will be the first overall selection.

Step 2: Study The Teams

The second step is to study the teams who you think will be picked in the draft. This is highly important because, as we mentioned before, the majority of wagering businesses don’t want you to pre-game due to regulations. However, you can find a legal bookmaker that does allow pre-gaming and places bets on every NFL game simultaneously. Studying the teams allows you to get an accurate feel for which ones are most likely to be selected and which ones are less likely to be picked. It also allows you to get a good idea of which teams are worth more and which ones are worth less when it comes to drafting. There are many tools available online that can help you study the teams, including but not limited to, mocks drafts, expert forums, and team schedules.

Step 3: Determine Your Strategy

Once you have thoroughly studied all the teams, it’s time to determine your strategy for betting on the NFL draft. Remember, there is no rush to make a decision; this is solely based on what you feel is the best route for you to take. You can choose to go with one of the popular strategies such as “lay betting” (place a bet on an individual team) or “stack betting” (place multiple bets on a few teams). The choice is completely up to you.

Step 4: Place Your Post-Game Bet

The last step is to place your post-game bet. This is the part that many people struggle with. It’s very easy to place a pre-game bet but very difficult to place a post-game bet with pre-existing conditions because most bookmakers don’t accept them. Fortunately for you, we are here to help with six tips on how to place a post-game bet without any problems. It’s important to keep in mind that these tips are only applicable to legal sportsbooks that allow for post-gaming. If you are attempting to place a post-game bet with a bookmaker that doesn’t accept wagers from new accounts, then it’s best to take your business elsewhere. Bookmakers that don’t allow for post-gaming also tend to have very high fees for placing bets, so be sure to book yourself a nice price when you place your pre-game and post-game bets.

Bonus Tips!

To help you become a successful NFL draft wagering enthusiast, here are some additional tips and tricks that you might find helpful. First off, don’t overthink it. We understand the urge to make a decision after every single game, but that is over-engineering it. It’s better to pick a few teams at a time and then move on to the next set of games. Over-engineering it will only cause you to make a rash decision, leading you to lose a lot of money. Also, don’t get too attached to one particular team or strategy. Just because something worked for you in the past doesn’t mean it will continue to work in the future. You need to remain open-minded and willing to try new things. Finally, make sure to deposit money into your account before the end of each week. It is recommended that you deposit at least $300 into your account before making any kind of a wager. This way, you will be able to follow the rules set forth by the bookmakers and ensure that you don’t break the banking laws by gambling with money you aren’t supposed to have access to.

Now that you’re equipped with the basics of how to bet on the NFL draft, it’s time for you to can start making some money! Place your pre-game and post-game bets with confidence, knowing that you’re following the best strategy for you to take. Don’t hesitate to contact us for any additional tips or assistance – we’re always happy to help a friend in need!