As the NFL draft approaches, betting action at sportsbooks sees a surge, even with anonymous posts on social media. On Tuesday morning, multiple sportsbooks reported receiving a significant amount of bets on Will Levis to go No. 1, causing the former Kentucky quarterback’s odds to move wildly. Bryce Young remains the consensus favorite to be the top pick, listed at -1400 at Caesars Sportsbook. However, Levis’ odds to be the top pick jumped from 40-1 to 4-1 on Tuesday at DraftKings. This type of odds movement is monumental, but the betting market for the draft is known for its volatility. A tweet or new mock draft can move the odds quickly and significantly. The rush of action on Levis is believed to have been triggered by a post on Reddit that claimed he was “telling friends and family Carolina will in fact take him on Thursday.”
Small Bets Trickle Through at the Current Price
FanDuel and Caesars Sportsbook also reported an increase in bets on Levis on Tuesday morning. “There’s definitely been an uptick in the number of bets on Will Levis this morning, but no huge bets,” a Caesars spokesperson told ESPN. Caesars reported taking a pair of $500 bets on Levis from a bettor in Illinois at 16-1 and an $825 bet on Levis at 12-1 from a bettor in Colorado. All three bets were placed Tuesday morning, after the Reddit post went up around 8 a.m. The rush of action on Levis has slowed down, but small bets continue to trickle through at the current price. Last week, BetMGM took Levis off the board in its odds for the No. 1 pick, but with the buzz building, the sportsbook put Levis back up Tuesday morning at 5-1 to be the top pick.
The NFL draft begins Thursday in Kansas City, and it is expected that the draft betting market will continue to experience volatility. The betting market for the draft is known for its perplexity and burstiness, and a tweet or new mock draft can move the odds quickly and significantly.
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