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Raiders News: Raiders betting favorite to draft Michael Penix Jr.

A lot of speculation is going on about who the Las Vegas Raiders will take in the 2024 NFL Draft and who the Raiders’ next quarterback will be, but a lot of signs are pointing toward the University of Washington’s Michael Penix Jr. will be heading to Las Vegas soon.

With four quarterbacks expected to go within the first five to six selections, Penix has been a popular pick for the Silver and Black in mock drafts. Adding more fuel to the fire, our friends at DraftKings Sportsbook recently updated their odds on which team will select the former Husky, and the Raiders are now the favorite at a +260 bet. Previously, the Minnesota Vikings had the best odds but the Vikings are now at +350.

What it’s interesting though is Penix’s odds of being a first-round selection are almost even an even bet at +105 but the favorites for what position the Raiders will draft first are offensive line and cornerback at +150. So, DraftKings must think Las Vegas is going to address another need at 13 and then trade back into the first round to get the quarterback.

This also speaks to the volatility of Penix’s draft stock right now as it seems to change by the day where Las Vegas could get him in the second round or might have to trade up to ensure he stays out of Denver.

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