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Which player in the NBA draft will elevate a franchise? (0:49)

Greenberg thinks that Smith'sVersatility is the key to him being the first pick. It was 0:49

9:22 AM ET

According to sources, the order of the top three picks is "increasingly firm" with the top pick going to the Magic.

As of Wednesday night, Smith was the consensus betting favorite to be selected first overall. "It's still early in the process, we don't know what we're going to do with the draft," said the Magic president.

Smith said it was fun to get out here and push himself and get through it, even though he was nervous.

In his lone season at auburn, Smith averaged 16.9 points and 7.4 boards, shooting 43% from the field and 42% from 3-point range Smith averaged 20.8 points and 6.4 Rebounds against teams that were ranked in the AP top 25.

The 7-footer met with the Magic last week and said the organization is led by great people.

It will be the fourth time that the team will pick first. In 1992, the Magic took O' Neal. Vince Carter and Mike Miller were both drafted by Vince Carter and Mike Miller were drafted by Vince Carter and Mike Miller. The first pick was taken by the Magic.

The top pick in Thursday's NBA draft will join a young core in the Magic that already includes Markelle Fultz, Cole Anthony, and a pair of top-eight picks from the next two drafts.

The consensus betting favorite for the No. 1 pick was Banchero, who was a member of Duke's Final Four team.

As of Wednesday, Smith's odds had improved to -275, but he was passed by Banchero, who was listed at -200 to be the first overall pick. Smith was the second favorite at +140, while Holmgren was the favorite at +1100.

Fenstermaker, a veteran Nevada bookmaker, told David Purdum that it was the strangest draft market he had ever booked.

There were more bets on Banchero to be the top pick than there had been on any other NBA market. PointsBet reported a surge of betting interest on Banchero.

The AP and David Purdum contributed to the report.