2022 NBA Draft gambling chaos as No. 1 pick odds shift wildly

It’s going to be a wild 2022 NBA Draft night.

At the beginning of the week, Duke forward Paolo Banchero could be had at +1000 or higher to be the top draft pick in the NBA Draft.

He steadily climbed down to +250 on Wednesday. On Thursday morning, Banchero was moved from a +250 underdog to a -210 favorite (higher in some areas) on BetMGM Sportsbook.

Up until that, Jabari Smith Jr. was overwhelmingly expected to be the No. 1 overall pick. He opened at -105 and was as high as -600 on some odds boards throughout the last month. Just Wednesday night, he was -550 before dropping to +150 early on Thursday.

While you were sleeping Wednesday night, nearly every sportsbook that offers NBA Draft betting flip-flopped Banchero and Smith as the anticipated top draft pick.

PointsBet, Caesars, FanDuel, and BetRivers all had Banchero as -200 or higher to be the top pick in the 2022 NBA Draft on Thursday morning. That is before any NBA insiders chimed in with their wealth of knowledge when talking to agents and executives from these teams.


Claim a Risk-Free First Bet up to $1,000

New customers only. Must be 21+. AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY only. Full T&C apply.


Caesars Sportsbook Logo Square

Up To $1500 Risk Free First Bet

New users only, 21 or older. NY, CO, DC, IA, IN, IL, MI, NV, NJ, PA, TN, VA, WV only. Full T&Cs apply.


The WynnBet Logo

Bet $50 Get $200 in Free Bets

21+. New customers only. NY, AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. T&C apply


The BetRivers Logo

100% First Deposit Match up to $250 with promo code NYPBONUS

New players only, 21+. NY, NJ, MI, AZ, VA only. In order to participate in this promotion, the player needs to make a first deposit (of at least $10). Full T&C apply.


FanDuel Logo Square

$1000 No Sweat First Bet

21+. New customers only. AZ, CT, IA, IL, LA, MI, NJ, NY, PA, TN, WV, WY only. T&C apply


Bet $20, Get $100 in Free Bets

21+. New customers only. CO & VA Only. T&Cs apply.


Risk Free Bet Up to $1000 + One Free Month of Fubo TV

New users only, 21 or older. Available in IA, AZ only. Full T&C apply.


Bet $1 Get $200 in Bet Credits with NYP365

21+. New customers only. NJ only. Full T&C apply.


Bet $20, Get $100 in Free Bets

21+; New Customers only. NJ &; PA only. Full T&Cs apply.


Get a $250 First Deposit Match

21+, New Customers Only. NJ and CT only. Full T&Cs apply.


SuperBook Sports Logo

100% Deposit Match Up to $500

New users only, 21+. Offer available in CO only. Full T&C apply.

In the midst of all of this chaos, ESPN’s Adrian Wojnarowski tweeted that teams are finalizing their boards and that the expected order for the NBA Draft will be Smith, Holmgren, and Banchero.

Most sportsbooks have since locked betting on the 2022 NBA Draft to reconvene on what exactly is going on here.

Since that tweet by Wojnarowski, FanDuel is the only sportsbook that has odds on the top pick at the time of this writing. The odds have against shifted, making Smith the -6000 favorite to be drafted number one.

Money is still coming in on Banchero, though. He is only +460, suggesting that bettors are pushing back against ESPN’s reporting.

NBA Draft 2022
Paolo Banchero
Getty Images
NBA Draft 2022
Jabari Smith Jr.
Getty Images

For now, bettors and reporters are in an all-out war for supremacy on this fine Thursday morning.