- The Houston Rockets, Detroit Pistons, and Orlando Magic all have +550 odds to get the Number one pick.
- The Oklahoma City Thunder and Cleveland Cavaliers both have +700 odds to get the top pick in the draft.
- There are +900 odds for the Minnesota Timberwolves to get the number one pick.
BROOKLYN — In the midst of the NBA Playoffs, the NBA Draft lottery is set to take place Tuesday at 8:30 p.m. EST.
With the NBA Draft Lottery, there are plenty more betting opportunities for bettors to take advantage of on online sportsbooks in which bettors could maximize their profits using arbitrage betting methods.
Right now, NBA odds have the Houston Rockets, Detroit Pistons, and Orlando Magic with the shortest odds to obtain the number one overall pick in the draft and are followed by the Oklahoma City Thunder, Cleveland Cavaliers, and Minnesota Timberwolves.
Odds To Get The Number 1 Pick
- Houston Rockets +550
- Detroit Pistons +550
- Orlando Magic +550
- Oklahoma City +700
- Cleveland Cavaliers +700
- Minnesota Timberwolves +900
- Toronto Raptors +1100
- Chicago Bulls +2000
- Sacramento Kings +2000
- New Orleans Pelicans +2000
- San Antonio Spurs +4800
- Charlotte Hornets +5000
- Indiana Pacers +8000
- Golden State Warriors +10000
Arbitrage betting on the Houston Rockets, Detroit Pistons, and Orlando Magic will be done as examples using $100 units. This just indicates that a bettor will play multiple lines in an attempt to secure a profit.
Betting on either of these three teams to get the top pick in the draft would cash out $550. However, bettors can reduce their profit for added chances of getting the bet correct.
The chances of one of these teams getting that top pick are at a high 42% being that each of them have a 14% chance of getting it.
With that, if a bettor were to place a $100 bet on all three of these teams, and one of these teams were to get the top pick, bettors would still cash in on a $350 profit, subtracting out their $200 in losses.
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Those looking for more security, they can take it one step further. Betting on the Oklahoma City Thunder and Cleveland Cavaliers, with their 11.5% chance of getting the top pick, brings the total to a 65% chance of the top five teams getting the #1 pick.
Still, a $100 bet on the top five teams with the shortest odds would be profitable, even after removing the $400 in losses.
NBA Bet Payouts After Removing Losses
- Houston Rockets, Detroit Pistons, or Orlando Magic: $150
- Oklahoma City Thunder, Cleveland Cavaliers: $300
Finally, for those that want to make a "sure profit", adding the Minnesota Timberwolves to the pot would greatly reduce the payout but give a cover of 74% from the top six teams' chances. If the Timberwolves were to get the pick, a $400 profit would be won. If either Oklahoma City or Cleveland get it, a $200 profit is there, while the top three teams with the shortest odds would give a $50 return.
All in all, the value comes down to each individual bettor who must analyze their risk vs. payout ratio. There is money to be made betting the Draft Lottery and NBA fans should be taking advantage of this for an easy payout... assuming nothing goes too far off the rails.
Samuel decided to get into writing 6 years ago when he first started his college career at Florida State University. After declaring a major in Editing, Writing and Media, Samuel had found his passion for writing. During his free time, he could be found writing about, watching or playing sports.
