2025 NFL Draft first-round betting report: 'The customers had a small win'

Day 2 of the NFL Draft has arrived, and Shedeur Sanders is still on the board. That’s undoubtedly the biggest surprise so far in NFL Draft odds.

And not necessarily a welcome one for some bookmakers.

"We were small losers on the Sanders side. The sharps win again," Circa Sports director of operations Jeff Benson said.

Oddsmakers for sportsbooks in Vegas and across the country chimed in on how NFL Draft prop bets fared in Thursday night’s first round.

Shedeur Slides

A month ago, Sanders was anticipated to be a top-five pick, with an Over/Under on draft position of 3.5. And even a week ago, the Colorado quarterback’s Over/Under at practically every sportsbook was 8.5, with the expectation that he’d go to the New Orleans Saints at No. 9.

But the ground started shifting Monday into Tuesday, and by Wednesday afternoon, Sanders’ Over/Under plunged to 21.5 in NFL Draft odds at multiple sportsbooks. As it turned out, that wasn’t far enough.

"As we have seen the past couple weeks, Shedeur’s draft stock was not trending in a positive direction," Caesars Sports head of football trading Joey Feazel said. "It feels as if in this draft class, NFL teams thought there was more value in the trenches."

Seventeen first-round picks were either offensive or defensive linemen or edge rushers. And only two quarterbacks were drafted: Cam Ward at No. 1 by the Tennessee Titans, as expected, and Jaxson Dart at No. 25 by the New York Giants, which was unexpected.

Many thought that, in the worst-case scenario, Sanders would go No. 21 to Pittsburgh. But the Steelers — to Feazel’s point — opted for Oregon defensive tackle Derrick Harmon.

What’s Next?

Sanders was easily the most talked-about player in NFL Draft odds for Round 1. That’ll be the case