Bovada released odds and ends for the 2012 NFL Draft. The first thing I thought was, "I'm going to bet the farm on Robert Griffin III going to the Redskins." I should have known better, though, because the Colts and the Redskins were left out of the equation. There is no such thing as free money.

Let's take a look at two of the bets you can place involving the Cleveland Browns after the jump. You might be surprised at how enticing it might be to place a bet on Justin Blackmon.

Who will make the 4th overall pick in the NFL Draft?

Cleveland Browns -300 (1/3)

Any Other Team +200 (2/1)

2012 NFL Draft - Who will be the 4th overall pick in the NFL Draft?

Justin Blackmon (WR Oklahoma State) 17/4

Morris Claiborne (DB LSU) 6/1

Ryan Tannehill (QB Texas A&M) 3/2

Trent Richardson (RB Alabama) 1/2

Correct me if I am wrong, but here is the way I believe betting works. First, convert the odds for who the fourth overall pick is to decimals. Then, let's assume a bet of $100 is placed. Whatever the result of multiplying these two figures is will be the profit you make if they are the selection. In that case...

• Trent Richardson = 0.5 * 100 = $50 profit
• Ryan Tannehill = 1.5 * 100 = $150 profit
• Justin Blackmon = 4.25 * 100 = $425 profit
• Morris Claiborne = 6 * 100 = $600 profit

I ranked them in order of who Bovada believes is the favorite to go at No. 4 overall; Richardson is the most likely option, followed by Tannehill, Blackmon, and finally Claiborne. My eyes are fixated on the massive amount regarding Blackmon, and the fact that Tannehill is considered a much more likely pick. I'm definitely not one to take betting advice from (since I've never done it), but waging on Blackmon doesn't seem like a terrible risk.

For a full list of draft odds, click here.