NBA Draft: Banchero jumps to No. 1 favorite overnight

The NBA Draft is tonight (8 p.m. ET, ABC), but the action started around 1:15 a.m. this morning when Paolo Banchero became the favorite to be selected No. 1.

With Orlando having the top pick, Jabari Smith has been a heavy favorite and was at -500 as of Wednesday evening. The huge shift happened within an hour as Banchero, the Duke power forward who was 20-1 on Saturday and 250 earlier Wednesday, steamed toward -200 (at DK Sportsbook) by 2:15 a.m. ET.

Chet Holgren of Gonzaga remains the favorite to go No. 2 at -115 to Oklahoma City.

Auburn's Smith now is the favorite to go No. 3 (Houston) at 125.

What caused the dramatic movement? Did someone spring a leak or is it a early smoke screen?

Stay tuned to VSiN all day for coverage of the NBA Draft markets.