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During the NFL Draft season, you ensure that your phone notifications are set for Adam Schefter’s tweets (as well as other sources).
Suppose that on Thursday, the ESPN information guru reveals that the San Francisco 49ers are narrowing their focus on Mac Jones, Trey Lance, or another quarterback for the third pick in the upcoming night.
You quickly access your favorite Michigan sports betting app with the aim of outsmarting the oddsmaker. You place a bet on a player to be chosen as the third pick before the sportsbook catches up with the information.
There lies a single formidable obstacle: You have exceeded the time limit by a significant margin.
Currently, Michigan sportsbooks are required to adhere to a deadline for NFL Draft betting, which is set for the night before the draft selections occur.
Michigan closing NFL draft markets at 11:59 p.m. Wednesday
Off-field events such as the NFL Draft are subject to varying regulations in states where sports betting is legal.
In the state of Iowa, it is not permitted to place bets on drafts.
In the Guidelines & Comments section of the Michigan Gaming Control Board website, there is a peculiar feature related to sports wagering. (Editor’s note: To access this feature, click on the provided “sports wagering catalog” link and download the accompanying spreadsheet.)
As per the guidelines, betting on the draft must cease by the end of business hours (11:59pm) on the day preceding the draft.
As of Monday, MGCB spokesperson Mary Kay Bean has verified that these rules are indeed in effect.
She further explained that in a multi-day draft such as the NFL’s, each day is regarded as a separate draft day.
For example, wagers for Friday’s second and third rounds can be placed until late Thursday night.
Betting on the NFL Draft for rounds four to seven must be done before Friday night to cover the selections on Saturday.
On Monday, Bean mentioned in an email to Playinmichigan that if an operator or platform provider sends a request, the MGCB might contemplate making a change.
So … get your NFL Draft bets in the night before selections
The NFL Draft odds are now available from all 12 Michigan sports betting operators. Bettors will need to plan ahead in order to place their wagers, considering the existing regulations.
Furthermore, operators will be forfeiting numerous opportunities for late wagers.
This week, we will closely monitor the situation to detect any possible last-minute changes.
Meanwhile, if you’re interested in exploring the potential choices available to the Detroit Lions in the top 10, we have prepared a preview based on odds for your perusal.
If you want to explore the top promotional offers from sportsbooks in preparation for the draft, it would be worth your while to see what DraftKings and FanDuel are offering.
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