It's NFL draft week, a time when even an anonymous post on social media can trigger rushes of betting action at sportsbooks. It happened again Tuesday morning.
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Bryce Young remains the consensus favorite to be the top pick, listed at -1400 at Caesars Sportsbook, but Tuesday, multiple sportsbooks reported receiving a surge of bets on Will Levis to go No. 1, causing the former Kentucky quarterback's odds to move wildly. Levis' odds to be the top pick moved from 40-1 to 4-1 on Tuesday at DraftKings.
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Normally that type of odds movement would be monumental, but the draft betting market is known for its volatility. A tweet or new mock draft can move the odds quickly and significantly. The rush of action on Levis is believed to have been triggered by a post on Reddit that claimed he was "telling friends and family Carolina will in fact take him on Thursday."
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"Given the nature of the draft, we drastically cut the price based on this action and eventually came to a price where the bets stopped," a DraftKings spokesperson told ESPN. "We are still seeing some small bets trickle through at the current price, but the speculation is all the action was off the back of a Reddit post."
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FanDuel and Caesars Sportsbook also reported an increase in bets on Levis on Tuesday morning.
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"There's definitely been an uptick in the number of bets on Will Levis this morning, but no huge bets," a Caesars spokesperson told ESPN.
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Caesars reported taking a pair of $500 bets on Levis from a bettor in Illinois at 16-1 and an $825 bet on Levis at 12-1 from a bettor in Colorado. All three bets were placed Tuesday morning, after the Reddit post went up around 8 a.m.
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A 26-year-old bettor who goes by Mike Gwiz said he saw the Reddit post early Tuesday and quickly put $10 on Levis to be the top pick at 35-1. Gwiz said Levis' odds moved to 4-1 roughly 20 minutes later.
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"I believe it was worth a shot for fun, like $10," Gwiz told ESPN in a direct message on Twitter. "It kind of reminds me of the Baker [Mayfield] rumors the day of the draft. He wasn't supposed to be going No. 1 most of the leadup to the draft. This gives me those vibes. I would say it's most likely not real, but I won't be shocked either way."
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Last week, BetMGM took Levis off the board in its odds for the No. 1 pick. He had been as long as 14-1. With the buzz building, the sportsbook put Levis back up Tuesday morning at 5-1 to be the top pick.
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The NFL draft begins Thursday in Kansas City.
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