What are good strategies for booster drafts?
Evan Erwin has an interesting article about learning to draft on Star City Games.

He uses an acronym BREAD to remember the order you should be picking.


Look for Bombs
Look for Removal
Look for Efficient spells.
Look for Aggro (1-3 mana creatures to get in the early damage)
Take the Dregs. 


I'd modify his acronym and make E also stand for Evasion. It's good to find creatures with flying, or "cannot be blocked" abilities… even if it's Trample, to get through creature stalemates.


Pay attention to your mana curve. You generally don't want to end up with a deck of 4+ mana cost spells and no low mana spells or a bunch of aggro creatures with no finisher.
The 4th - 5th pick is likely the best pack to see what colours seem under-picked. If there's a card you're surprised to see still in the pack, you may want to go that way.