Quarterback Mac Jones now favorite to be selected third overall by San Francisco 49ers

While the first two picks in next week's NFL draft seem settled, the odds on who will go third overall have fluctuated wildly at sportsbooks.

In a week, Alabama quarterback Mac Jones went from favorite to underdog and back to favorite.

Clemson quarterback Trevor Lawrence is an overwhelming favorite to go No. 1 to the Jacksonville Jaguars, listed at -10,000 at Caesars Sportsbook by William Hill, and BYU quarterback Zach Wilson is a big favorite to go No. 2 to the New York Jets. Wilson is -3,000 to be the second overall pick.

The odds on the third pick, currently owned by the San Francisco 49ers, are much tighter, however. As of Friday afternoon, Jones was a small favorite to go No. 3 at -160 at William Hill, with Ohio State quarterback Justin Fields right behind at +150.

In early April, Jones opened as around a -175 favorite be the third pick. His odds quickly improved, shortening to -300 within days after William Hill opened betting on the draft. The sportsbook at The Borgata in Atlantic City, New Jersey, reported taking a $10,000 bet on Jones to go No. 3 when his odds were -200.

Last week, however, the odds flipped. Fields went from a +170 underdog to a -150 favorite in one 24-hour spurt that saw the entire betting market shift.

The move on Fields didn't hold, though, and by Thursday, Jones was once again the favorite go No. 3, but the betting action is split. Entering the weekend, 57% of the bets and 56% of the money wagered on the odds to go No. 3 were on Jones as of Friday.

Volatile odds movement is common for the draft and not always caused by a rush of bets. One tweet or the release of an updated mock draft can move the entire market. For example, a William Hill spokesman said last week's move on Fields was driven more by speculation than caused by any surge of bets on the Ohio State quarterback.

Oddsmakers haven't written off North Dakota State quarterback Trey Lance going third overall, either. Lance is +450 at William Hill. Florida tight end Kyle Pitts is 80-1, followed by LSU wide receiver Ja'Marr Chase at 100-1.