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2022 NBA Draft Odds: Chet Holmgren Now Favored To Be Top Pick

Gonzaga's Chet Holmgren is the favorite to go first overall in NBA Draft odds.

With the NCAA and NBA seasons now a few weeks in, there is still plenty of time to determine who the top prospects will be, and which teams will be picking them, in the 2022 NBA Draft.

According to the latest NBA draft odds at Bovada, Gonzaga’s Chet Holmgren is the early favorite at -105 (51.22 percent implied probability according to our Odds Calculator) to be taken first overall in the 2022 NBA Draft on July 29.

The next three players listed in NBA draft odds to go first overall are Duke freshman Paolo Banchero (+105), Jaden Hardy of the NBA G League Ignite (+700) and Michigan freshman Caleb Houstan (+1100).

If you’re new to betting basketball or NBA props, don’t sweat it. Here are all the key resources from Odds Shark that can get you up to speed:

NBA NewsNBA Championship OddsHow to Bet on Basketball Guide | NBA Futures

Below is a look at the top contenders in 2022 NBA Draft odds to go first overall as well as second, third and fourth overall:

Who Will Be The 1st Overall Pick In The 2022 NBA Draft?

Who Will be Selected First in 2022 NBA Draft?
Chet Holmgren-105
Paolo Banchero+105
Jaden Hardy+700
Caleb Houstan+1100
Peyton Watson+1600
Jabari Smith+1800
Patrick Baldwin Jr.+2000
AJ Griffin+2000
Jaden Ivey+2000
Nikola Jovic+2200

Odds as of December 3 at Bovada

Why Is Chet Holmgren Favored To Go 1st Overall In 2022 NBA Draft Odds?

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 as well.

Whether its Detroit, Orlando or some other team picking first in July, Holmgren will be in consideration as a future cornerstone big.

Who Are The Other Top Contenders For The 1st Overall Pick?

Paolo Banchero +105

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 create and defend at all levels.

The fact that the young forward also plays for Duke is frankly a pretty big boost for his draft stock. 

This player is a future matchup nightmare in the NBA and has already shown flashes of dominance in just a handful of games in college. 

Jaden Hardy +700

Hardy chose to forgo the college ranks for the NBA G League. An elite scorer from all parts of the floor, Hardy should be able to step into an NBA backcourt and produce offensively right away. 

If he can follow in the footsteps of Jalen Green before him, Hardy could sneak into the top two of this draft based on his offensive upside.

Best Bet: Paolo Banchero +105

This best bet was Holmgren just a couple of weeks ago, but he and Banchero flipped on the oddsboard and now it is Banchero who is the better value.

The 19-year-old Blue Devil is averaging 17.8 points, 7.3 rebounds, 1.9 assists and 1.4 steals through the first eight games of his collegiate career while shooting 50 percent from the field and 33.3 percent from beyond the arc.

This kid is a future star. We’ll gladly buy the dip in his 2022 NBA Draft odds. 

Second Overall Pick In 2022 NBA Draft Odds

Who Will be Selected Second in 2022 NBA Draft?
Paolo Banchero-105
Chet Holmgren+105
Jaden Hardy+800
Caleb Houstan+1000
Peyton Watson+1500
Jabari Smith+1800
Patrick Baldwin Jr.+1800
AJ Griffin+2000
Jaden Ivey+2000
Nikola Jovic+2200

Odds as of December 3 at Bovada

Third Overall Pick In 2022 NBA Draft Odds

Who Will be Selected Third in 2022 NBA Draft?
Paolo Banchero+350
Chet Holmgren+375
Jaden Hardy+500
AJ Griffin+550
Jabari Smith+600
Patrick Baldwin Jr.+650
Caleb Houstan+700
Jaden Ivey+700
Nikola Jovic+800
Peyton Watson+800

Odds as of December 3 at Bovada

How To Understand 1st Overall Pick NBA Odds

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

  • Paolo Banchero -300
  • Chet Holmgren +550
  • Jaden Hardy +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 Jaden Hardy 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.