This also means booking the draft is mostly a losing proposition for sportsbooks, as the markets tend to be very one-sided and it’s nearly impossible to stay ahead of the news cycle. Oddsmakers have protected themselves recently by lowering the limits allowed on draft bets and not opening certain markets until more information becomes available closer to draft night. However, if the last 2 NFL Drafts have taught us anything, it’s that enough money can still be made to make it worth your while.
How to read the tea leaves
An example of this hyper-reactivity to NBA Draft news took place on June 20, when Orlando Magic president Jeff Weltman made some confusing public remarks about the team's interest in Paolo Banchero for the first overall pick. Instead of admitting to reporters they brought Banchero in for a workout, Weltman dodged the question entirely and instead gave a cryptic response about how his organization prefers to be “buttoned up” when it comes to visits and workouts.
.@OrlandoMagic Jeff Weltman's full answer to my question about if Orlando brought in Paolo Banchero for a workout.
I've thought a lot about why a franchise and player(or player's agent) wouldn't want the public to know about a workout, & I still can't come up with a good reason. pic.twitter.com/xTfYVYEK4J— Adam Shadoff FOX 35 (@FOX35Adam) June 20, 2022