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Jabari Smith leads the way in NBA Draft odds.

With the NBA draft coming up fast, there are just a few hours left to look ahead at betting on where the next wave of rookies will land.

It has been a wild ride for the latest NBA draft odds after Paolo Banchero briefly became the favorite to be picked by the Orlando Magic the night before the draft. Banchero was at -200 at many books before ESPN insider Adrian Wojnarowski tweeted that the first three picks of the draft were becoming “increasingly firm” with Jabari Smith at No. 1, Chet Holmgren at 2 and Banchero at 3.

The latest NBA draft odds at BetOnline Sportsbook clearly trust that Woj bomb and have Smith as the favorite now at -500 (83.33 percent implied probability according to our odds calculator).

If you’re new to betting basketball or NBA props, don’t sweat it. Check out our How to Bet on Basketball GuideNBA futures page or NBA championship odds

Also be sure to check out Odds Shark’s NBA Mock Draft ahead of Thursday night for predictions and betting tips on the entire first round.

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Below is a look at the top contenders in 2022 NBA Draft odds to go first overall as well as the rest of the top five:

2022 NBA Draft Odds: First Overall

Who Will be Selected First in 2022 NBA Draft?
Player Odds
Jabari Smith -500
Paolo Banchero +200
Chet Holmgren +1800

Odds as of June 23 at BetOnline Sportsbook

Who Will Be The 1st Overall Pick?

Jabari Smith (-500)

Now the presumptive first overall pick, Smith was quite a bit further down this list for almost the entirety of the NCAA basketball season. 

But what a difference a couple of weeks makes in NBA draft odds. After not being on the radar during the season, Smith became a huge favorite to be picked first and is now down to -500 after Woj’s tweet, and it’s hard not to take the best NBA insider’s information seriously.

Smith, a six-foot-10 forward, just turned 19 in May and averaged 16.9 points, 7.4 rebounds and 2.0 assists in his lone season with Auburn, leading the Tigers to a No. 2 seed in the NCAA Tournament.

He is known for his shot-making and ability to hit off-balance and difficult shots from all areas of the floor. But it is his intensity, drive and competitiveness that seems to have captivated NBA teams the most. Reportedly considered a perfect fit for Orlando’s culture, it doesn’t take much dot-connecting to see why Smith is the big favorite in NBA draft odds.

That being said, the value just isn’t there right now to bet on Smith to go first. There is still too much smoke around the other top players to pay this price. The night before the draft, you could have had Smith first at plus money – that was the window you needed to take advantage of.

Paolo Banchero (+200)

Banchero was the leader in NBA draft odds for much of the season and it’s not hard to see why. Probably the most pro-ready scorer of the basketball in this class, his combination of height, length and ability to create is tantalizing. 

But the former Duke Blue Devil was down to around +1400 to go first overall less than two weeks ago and seemed to be a lock to go either second or third. Banchero has flown up the oddsboard over the last week or so, passing Chet Holmgren to move into a not-too-distant second spot. Sportsbooks obviously believe there’s a chance Banchero ends up being Orlando’s (or another team’s) pick at No. 1.

At six-foot-10 and 250 pounds, Banchero has the size and athletic ability to be the next do-it-all forward who can not only score from anywhere but defend at all levels. We like his value at +200 after he was the favorite for a few hours before Woj’s tweet. He’s still in play at 1.

Chet Holmgren (+1800)

Holmgren was the top-rated player in the 2021 freshman class and landed on one of the top teams in college basketball with Gonzaga. 

At seven feet and 195 pounds, Holmgren may need to add some weight and muscle to his slight frame to hold up at the next level, but his upside is incredibly tantalizing as a rangy rim-protecting center who has a great handle and can even shoot from outside.

Holmgren would be the locked-in top pick for a lot of teams in the league, but he wont be everyones favorite and we wont be surprised if the Magic decide to go with a pure shooter in Smith over the big man. 

We like the value on Holmgren to be the first pick with Orlando reportedly having still been undecided just days before draft night. John Hollinger, a former league executive and current columnist for The Athletic, also had Holmgren at No. 1 in his final mock posted the day before the draft.

It just seems more and more likely that the first pick is either Smith or Banchero now.

2022 NBA Draft Odds: Second Overall

Who Will be Selected Second in 2022 NBA Draft?
Player Odds
Chet Holmgren -1000
Jabari Smith +350
Paolo Banchero +1000
Jaden Ivey +3300

Odds as of June 23 at BetOnline Sportsbook

The most likely scenario based on most mocks done by NBA writers and insiders seems to be Smith at No. 1, Holmgren at 2 and Banchero at 3. That’s how most people see it.

The Oklahoma City Thunder pick second overall and while there are reports that they love Jaden Ivey, we see it as more likely they try to trade up to pick fourth or fifth to get Ivey rather than select him at No. 2. If Smith is the pick at 1, Holmgren would seem like a lock for a Thunder front office that prioritizes upside and loves to swing for the fences. Holmgren is that player. 

However, if we’re subscribing to the theory that Banchero could still go first overall, then Smith could be the pick at 2. We like the value on that scenario here with Smith at +350, but Holmgren is the safe bet.

2022 NBA Draft Odds: Third Overall

Who Will be Selected Third in 2022 NBA Draft?
Player Odds
Paolo Banchero -1200
Jabari Smith +500
Chet Holmgren +900
Jaden Ivey +2500
Keegan Murray +2400
Shaedon Sharpe +4000

Odds as of June 23 at BetOnline Sportsbook

We’ve established that sportsbooks now seem to believe the most likely scenario is Banchero going third. 

And while books clearly believe there’s an outside chance he goes first, it seems unlikely he would go second no matter who goes first.

So the play here if you believe Woj and it’s Smith at No. 1 is to bet Banchero at 3. He is reportedly comfortable going to Houston and the Rockets must love the idea of pairing the long, position-versatile Banchero with last year’s second overall pick, Jalen Green. 

But if you think Banchero goes first, this pick becomes whoever OKC doesn’t pick, and it seems like books are thinking that would be Jabari Smith.

It’s worth pointing out that there is likely to be a ton of movement with picks in the first round, so we could see a scenario where Houston gets its guy in Banchero, but it’s not with the third pick. Keep that in mind when betting.

2022 NBA Draft Odds: Fourth Overall

Who Will be Selected fourth in 2022 NBA Draft?
Player Odds
Jaden Ivey -225
Keegan Murray +145
Shaedon Sharpe +1800
Dyson Daniels +1800
Chet Holmgren +2000

Odds as of June 23 at BetOnline Sportsbook

Here’s where things get really interesting.

The Sacramento Kings hold the fourth overall pick and have been pretty open that they are willing to trade it. Despite how many people might view the Kings, they seem to want to try to win now, or least make the playoffs.

That philosophy was made pretty clear when they traded Tyrese Haliburton for Domantas Sabonis last season, and we think a trade here for an established NBA player or two is pretty likely. 

If the Kings keep the pick, most people have Ivey mocked to them as the “clear-cut” fourth-best player in the draft. But we aren’t sure there’s a big gap between Ivey and some of the other players on the board and we could see any number of players landing at this spot, no matter who makes the pick.

Ivey is not an ideal fit for the Kings with De’Aaron Fox already on the roster, and ownership reportedly loves Iowa’s Keegan Murray. So, we like the value on Murray here at +145. Murray also reportedly worked out for the Kings (Ivey did not) and is more of a win-now pick than Ivey.

Keep in mind that which team actually makes this pick is up in the air. While we like Murray as the pick if the Kings make it, Ivey is more likely to be the guy if a team trades up to this spot.

We’re likely avoiding betting on the fourth pick altogether.

2022 NBA Draft Odds: Fifth Overall

Who Will be Selected fifth in 2022 NBA Draft?
Player Odds
Keegan Murray +140
Bennedict Mathurin +190
Jaden Ivey +275
Dyson Daniels +600
Shaedon Sharpe +1400
Chet Holmgren +6600

Odds as of June 23 at BetOnline Sportsbook

The Detroit Pistons reportedly covet Jaden Ivey and would love for him to fall here to No. 5. However, there is also a ton of buzz growing around the Canadian, Bennedict Mathurin, to go in the top five as his OVER/UNDER pick prop number moved from 8.5 to 6.5 in the last week.

Mathurin just turned 20 a few days before the draft, reportedly crushed his private workouts with teams and would fit well with Detroit’s top pick last year, Cade Cunningham. Mathurin is very interesting here at +190 given the uncertainty of the pick directly before it. Mathurin was listed at +300 to go fifth the day before the draft. His stock is rising quickly.

How To Understand 1st Overall Pick NBA Odds

At your favorite basketball sportsbook, you’ll see odds for this prop bet displayed like this:

  • Jabari Smith -300
  • Chet Holmgren +550
  • Paolo Banchero +550

In this case, there is a clear favorite like betting on a moneyline or spread bet. If there isn’t an option with a minus sign (-) beside them, then the player with the lowest odds is the fave. The rest are considered underdogs.

If you think Chet Holmgren will be selected first overall in the 2022 NBA Draft and you bet $100 on him, you’d get a payout of $650 – you get your $100 back along with your winnings of $550.

Our Odds Calculator will show you how much you’d win based on the odds and amount bet.

What Is A Prop Bet On The NBA Draft?

A prop is a wager on the occurrence or non-occurrence of specific team or player milestones that don’t always relate to the results of a particular game. In this case, the prop is a prospect’s chances of being picked first in the next NBA draft.

The betting lines will move as players show what they can do on the court. If you see odds you like, we suggest taking them sooner rather than later to get the maximum betting value should you win.

NBA Draft Odds FAQ

Who is the favorite to be picked first in the 2022 NBA Draft?

The favorite to be taken with the first pick in the 2022 NBA Draft is Jabari Smith, who played in the NCAA last season at Auburn. His odds are -275 as of June 22.

How can I bet on 2022 NBA draft props?

To bet on the 2022 NBA Draft, you need a betting account set up with an online sportsbook that offers draft odds. Sign up and deposit money to bet with and you can start to wager on NBA draft props.

When is the 2022 NBA Draft?

The 2022 NBA Draft is set for June 23 at the Barclays Center in Brooklyn, New York. The Orlando Magic have the first overall pick.