Post Action Betting

2024 NFL Draft odds: Broncos heavy favorite to select Bo Nix

Oddsmakers are connecting the dots between the Denver Broncos and Bo Nix in next week’s NFL Draft. 

The Broncos are heavily favored to draft the Oregon quarterback after months of rumors linking the two sides as a potential fit in the post-Russell Wilson era in the Mile High City. 

In early March, Denver was +325 to select Nix and have only become more likely to bring him in over the ensuing months in the eyes of oddsmakers at BetMGM Sportsbook

They are now -165 to draft him, well ahead of the Las Vegas Raiders, who have the next-best odds to take Nix at +600. 

The Broncos currently hold the No. 12 pick in the first round, although there are questions as to whether Nix would be worth a selection at such a high draft slot. 

The team could opt to trade down and target Nix later in the first or even second round, getting additional assets in the process. 

Team to draft Bo Nix odds

TeamOdds
Denver Broncos-165
Las Vegas Raiders+600
New York Giants+700
Minnesota Vikings+750
New Orleans Saints13/1
New England Patriots14/1
Seattle Seahawks16/1
Odds provided by BetMGM Sportsbook
Bo Nix #QB07 of the Oregon Ducks speaks to the media during the 2024 NFL Draft Combine at Lucas Oil Stadium on March 01, 2024 in Indianapolis, Indiana.
Bo Nix of the Oregon Ducks speaks to the media during the 2024 NFL Draft Combine at Lucas Oil Stadium on March 01, 2024 in Indianapolis. Getty Images

Denver is also in the mix for quarterbacks J.J. McCarthy (+800, fourth-best odds) and Michael Penix Jr. (+500, third-best odds), according to BetMGM. 

It’s no surprise to see the Broncos in the market for a new signal-caller after moving on from Wilson. 

The nine-time Pro Bowler was benched by head coach Sean Payton in late December and later released by the club in March, having since signed with the Pittsburgh Steelers. 

Sean Payton needs a franchise quarterback.
Sean Payton needs a franchise quarterback. Nathan Ray Seebeck-USA TODAY Sports

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The Broncos quarterback room currently consists of Jarett Stidham and Ben DiNucci, neither of whom are considered starting caliber in the NFL. 

Nix has been compared to future Hall-of-Famer Drew Brees by NFL draft expert Mel Kiper Jr.

Brees, of course, spent 14 seasons in New Orleans under now-Broncos head coach Sean Payton, winning the 2010 Super Bowl.