Here Are The NBA Draft Lottery Betting Odds at NJ Sportsbooks

nab draft lottery betting odds
Photo credit: Patrick Gorski-USA TODAY Sports

The 2019 NBA Draft Lottery is set to kick off Tuesday night in Chicago. Fourteen teams will be vying for the chance to win the Zion Williamson sweepstakes– he is the clear consensus number one overall pick in this year’s draft. And this year, NJ sports betting sites are offering NBA Draft Lottery betting odds.

This is also the first year under the new draft lottery system in which the three teams with the three worst records in the NBA will all have an equal chance to earn the number one pick. The New York Knicks, Phoenix Suns, and Cleveland Cavaliers hold that dubious honor this year.

Here’s where the NBA Draft Lottery odds currently stand at PointsBet, where you can get any lottery bet matched up to $25 for the NBA Draft and $1,000 in risk-free bets :

NBA Lottery Winner Odds

  • New York Knicks (+600)
  • Phoenix Suns (+600)
  • Cleveland Cavaliers (+600)
  • Chicago Bulls (+650)
  • Atlanta Hawks (+725)
  • Washington Wizards (+800)
  • Memphis Grizzlies (+1200)
  • New Orleans Pelicans (+1400)
  • Dallas Mavericks (+1400)
  • Minnesota Timberwolves (+2800)
  • Los Angeles Lakers (+4000)
  • Miami Heat (+8000)
  • Charlotte Hornets (+8000)
  • Philadelphia 76ers (via Sacramento) (+8000)

When converted to implied probabilities, these odds, for the most part, check out when compared to those provided by mainstream media outlets such as ESPN and Tankathon.

Yet, we’ve highlighted three picks that evidently appear to have slight discrepancies between their implied probability and actual probability (Tankathon is in bold).

Lottery Winner %

New York Knicks (14.3%)

Phoenix Suns (14.3%)

Cleveland Cavaliers (14.3%)

Chicago Bulls (13.3%)

Atlanta Hawks (12.1%) (10.5%)

Washington Wizards (11.1%) (9.0%)

Memphis Grizzlies (7.7%) (6.0%)

New Orleans Pelicans (6.7%)

Dallas Mavericks (6.7%)

Minnesota Timberwolves (3.4%)

Los Angeles Lakers (2.4%)

Miami Heat (1.2%)

Charlotte Hornets (1.2%)

Philadelphia 76ers (via Sacramento) (1.2%)

In essence, PointsBet is charging more for bets on the Hawks, Wizards, and Grizzlies compared to what their actual chance of winning the lottery is.

 

How we got here

New York Knicks

The Knicks finished their 2018-19 campaign at 17-65, the worst mark in the league, and are currently tied for the best odds to win the lottery with the Suns and Cavaliers. They also are set to have roughly $74 million in cap space this upcoming summer, and look to be major players this summer at the start of free-agency.

Phoenix Suns

The Suns finished at 19-63, 2nd-worst in the league, and are tied with the Knicks and Cavaliers for the best odds to win the lottery. This year marked their fourth-straight season of losing at least 58 games, and is also the ninth-straight year they find themselves in the draft lottery.

Cleveland Cavaliers

The first season of the second post-LeBron era in Cleveland saw the Cavaliers finish 19-63, tied for the 2nd-worst record in the league, and has them tied with the Knicks and Suns for the best lottery odds. They finished the season on a 10-game losing streak, although Collin Sexton showed promise as a first-year point guard.

Chicago Bulls

The Bulls ended up at 22-60, fourth-worst in the league, earning them the fourth-best odds to win the lottery. This is their second straight year they find themselves in the lottery after posting a .500 or better record in seven-straight seasons.

Atlanta Hawks

The Hawks finished this season at 29-53, fifth-worst in the NBA, therefore giving them the fifth best lottery odds. Despite this also being their second-straight year in the lottery, Trae Young had a standout rookie season, making a strong case for Rookie of the Year the second half of the season. The Hawks also own the Dallas Mavericks’ top-five-protected pick this year.

 

Where to bet

Both DraftKings Sportsbook and PointsBet are offering odds closely aligned with actual winning percentage chances. FanDuel Sportsbook and FOX Bet are offering slightly marked up odds (for instance, the Knicks are +500 to win, which represents a 16% chance of winning, not the 14% chance they actually have).

So you’re best bet is literally at DraftKings or PointsBet for the lottery.

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