2024 NFL Draft Betting: Who Will Be Selected With the First Overall Pick?

Gabriel Santiago
Gabriel Santiago@gps_onthemic
2024 NFL Draft Betting: Who Will Be Selected With the First Overall Pick?

Transparently, there does not seem to be much debate on the topic of this year's first overall draft selection.

With April's 2024 NFL Draft already looming in the distance, Southern California Trojans quarterback Caleb Williams is widely viewed as the likeliest candidate to have his name called first. At FanDuel Sportsbook, Williams is listed with -650 odds to be taken with the No. 1 pick.

Being that the NFL regular season is all wrapped up, we know the Chicago Bears -- a team that has young playmaker Justin Fields at signal-caller -- currently hold the initial selection (via the Carolina Panthers). Still, if Chicago trusts Fields' abilities, there is an outside chance that "Da Bears" deal the pick in hopes of returning more value.

For reference, the Bears have not picked first since 1947.

The draft is just over three months away from authorship. With the NFL Combine and other showcase events still ahead of us, let's dive into the first overall pick odds at FanDuel Sportsbook.

All NFL odds via FanDuel Sportsbook.

Odds Rank
Odds To Be Drafted No. 1 Overall
1Caleb WilliamsQBUSC-650
2Drake MayeQBNorth Carolina+500
3Marvin Harrison Jr.WROhio State+1500
4Jayden DanielsQBLSU+3400
5Michael Penix Jr.QBWashington+6000
T6Bo NixQBOregon+10000
T6J.C. LathaOLAlabama+10000
View Full Table

2024 NFL Draft: Number 1 Overall Pick Odds

Caleb Williams, QB, USC

FanDuel Sportsbook Odds: -650

Williams may have fallen short on the Herculean task of winning back-to-back Heisman Trophies, but the future NFL star boasts some of the most jaw-dropping film you'll see at the FBS level. Drawing playing comparisons to Patrick Mahomes, Williams has the arm strength to make every throw on the field.

As a freshman, the 6-foot-1 signal-caller overtook the Oklahoma Sooners starting quarterback job from Spencer Rattler. Since then, Williams and head coach Lincoln Riley have gone to Hollywood. In two seasons at Southern Cal, the duo produced 8,170 passing yards (on 10.3 adjusted YPA) along with a whopping 72 touchdowns through the air. Through that same span, Williams committed just 10 total interceptions.

Along with Baker Mayfield and Kyler Murray, Caleb has a the opportunity to be Riley's third pupil in the past seven years to both win the Heisman and be drafted first overall. Riley, who is a disciple of Mike Leach's air-raid offense, also has ties to Jalen Hurts. Still, Williams is anticipated to be the best QB prospect since Andrew Luck.

Drake Maye, QB, North Carolina

FanDuel Sportsbook Odds: +500

Built like your prototypical NFL quarterback, the 6-foot-4 Drake Maye just wrapped up his second season as starter for the North Carolina Tar Heels. Like Williams, Maye amassed over 8,000 passing yards in the past two campaigns. The 2022 ACC Player of the Year is a high-volume thrower, and draws comparisons to former Heisman winner Carson Palmer.

At 79.3, Maye managed to produce a top-15 QBR in 2023. Still, his rating from 2022 was even more prolific (82.7). Maye has proven he can handle the fundamentals of the position. Additionally, like fellow Tar Heel alum Sam Howell, he has received quality guidance from UNC head coach Mack Brown.

When all eyes turn to Indianapolis for the combine, be sure to check out Maye's game; he might just surprise you.

Marvin Harrison Jr., WR, Ohio State

FanDuel Sportsbook Odds: +1500

It has been 15 years since a man with this same name was carving up NFL defenses, and I'd say the league is ready for it again. As the son of Hall-of-Famer (and Peyton Manning's first favorite target) Marvin Harrison, the younger Harrison was just awarded Big Ten Offensive Player of the Year.

Standing at 6-foot-4, Harrison Jr. offers a bit more height than his father. Still, the Ohio State Buckeyes receiver does not let his longer strides affect his route running, showcasing crafty agility in and out of breaks. From there, Harrison has sticky hands; he has hauled in a total of 28 touchdown passes over the past two seasons. Of course, former NFL wideout Brian Hartline has done a fantastic job with OSU receivers in recent years.

Labeled with 15-to-1 odds at FanDuel Sportsbook to be selected first overall, Harrison does present some value here. If the Bears stand pat with Fields and the first pick, that could indicate that they intend to draft a player to assist the current quarterback. Even though they missed each other in school by one year, Fields to Harrison would be an intriguing Buckeye-on-Buckeye connection.

Jayden Daniels, QB, LSU

FanDuel Sportsbook Odds: +3400

Your 2023 Heisman Trophy winner, Jayden Daniels had quite the campaign for the Louisiana State Tigers. As the second player in the past five seasons to earn the coveted award while playing at LSU, Daniels masterfully executed his dual-threat role. Overall, the Arizona State Sun Devils transfer accounted for 50 total touchdowns this past year.

Garnering player comparisons between Tyrod Taylor and Lamar Jackson, Daniels has pure speed as a ball-carrier and quality accuracy on his deep ball. However, his slight frame will require him to bulk up while better learning to avoid contact; Daniels certainly runs with competitive spirit.

Daniels has superior mobility compared to either previous quarterback on this list, but his system and rhythm passing can be improved some. Either way, he's a great bet to go in the first round, but can he be drafted first overall?

Michael Penix Jr., QB, Washington

FanDuel Sportsbook Odds: +6000

Unfortunately, Michael Penix Jr. of the Washington Huskies is headed into the 2024 NFL Draft on the heels of his worst game of the season. After dazzling all year, Penix paced FBS in total passing yardage (4,903). Still, majority of his efforts were thwarted in last Monday's CFP National Championship. There, the Michigan Wolverines held the southpaw quarterback to just 52.9% passing and forced two costly interceptions.

All recency bias aside, Penix is still an incredible signal-caller. As a transfer from the Indiana Hoosiers, he spent the past two years at UDub, making just about every throw on the field.

Penix has the necessary size (6-foot-3, 220 pounds), accuracy, arm strength and athleticism to thrive on Sundays. He shows lengthy 60-to-1 odds at FanDuel Sportsbook to go No. 1 in the draft this April, but Penix absolutely should be a fun player to watch at the pro level so long as he can stay healthy. He'll be a 24-year-old rookie with a few notable prior injuries.

Looking for the latest NFL odds? Head over to FanDuel Sportsbook and check out all of the NFL betting options.

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The above author is a FanDuel employee and is not eligible to compete in public daily fantasy contests or place sports betting wagers on FanDuel. The advice provided by the author does not necessarily represent the views of FanDuel. Taking the author's advice will not guarantee a successful outcome. You should use your own judgment when participating in daily fantasy contests or placing sports wagers.