The NFL Draft is quickly approaching and there's a clear option at No. 1 by the betting odds.

The latest: The road to the draft is nearing its end and Bryce Young is the clear choice to go first overall. C.J. Stroud quickly went from a massive favourite to a distant second within in a short period of time while Anthony Richardson is long shot.

Check out our NFL No. 1 pick odds for the first night of the draft on April 27.

NFL No. 1 pick odds

Check out the latest odds for the NFL's No. 1 draft pick. Click linked odds to add selection to betslip.

NFL odds as of 3:27 p.m. ET on 04/22/2023.

NFL No. 1 pick odds and analysis

The favourite: Bryce Young (-1,430)

Young's odds have shortened significantly since the last look at the odds, returning to his status as a minus-odds favourite.

ESPN's Chris Mortensen recently reported that Carolina's front office “[...] all love Bryce Young,” and that "[...] Young is the Pick," causing a seismic shift in the odds. The Young to the Panthers train has been gaining steam ever since.

It was also leaked that Young posted an incredible score on the S2 cognition test, an excellent indicator of his ability to quickly process information.

Many eyes around the NFL began looking toward the ex-Alabama quarterback in the winter of 2021 when he edged out Stroud and others to win the Heisman Trophy.

His numbers were similarly strong this past year as a junior, and now Young enters the draft as a highly decorated quarterback from a blue-chip program (and conference). His accuracy is exceptional and he makes very few mistakes, evidenced by his 12 interceptions in 27 collegiate starts.

Young's size is a question mark, as he officially came in at 5-foot-10 and weighed 204 pounds. According to ESPN, that would make him the lightest first-round quarterback taken since at least 2006 and only the third first-round QB under six feet (Kyler Murray, Johnny Manziel).

Those measurements haven't knocked Young down, though, nor did his choice to opt out of the drills portion at the combine.

Other top draft pick candidates

Best value: C.J. Stroud (+700)

Shortly after Carolina's trade with Chicago was announced, Stroud rocketed up draft boards.

Part of it was due to the timing as the deal was made shortly after the NFL combine concluded. The common belief was that Stroud's strong performance at the event spurred the Panthers into action. That, and ensuing reports that Stroud was the team's preferred option at QB.

Update: The "sense around the league" is that the #Panthers will be drafting Ohio State QB C.J. Stroud, according to league insiders.

(via @josephperson) pic.twitter.com/aDHi92Pq66

— Dov Kleiman (@NFL_DovKleiman) March 10, 2023

But recent reports have dampened his outlook at going No. 1, even falling outside the top 10 of some mock drafts.

It's clear that Stroud is on Carolina's shortlist. This isn't a bad price to take a stab at.

Player to watch: Anthony Richardson (+1,600)

Every draft has some swing-for-the-fences players and Richardson is definitely one of those.

After holding +8,000 odds on Feb. 14, Richardson is soaring up the board ahead of the combine. He hit +275 at our last update, and now he's up to +1,600.

Richardson's athleticism was on display in Indianapolis, as he led all quarterbacks in the 40-yard dash (4.43 seconds) and vertical leap (40.5 inches).

Richardson is reportedly one of the QBs Carolina's interested in, according to Pro Football Network's Tony Pauline. Coach Reich also reportedly "loves" the QB, a report that came out after the Panthers met with him at the combine.

The ex-Florida quarterback is far less proven than a guy like Young, as he was only a starter for one season. But in that one season, he led FBS QBs in yards per rush (6.4, which is really impressive when you consider sacks count against QB rushing yards).

Richardson and his arm strength also drew a comparison to Josh Allen from one NFL general manager.

The pre-combine post-combine hype has warn off and it seems unlikely that Richardson will go first.

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