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2023 NBA Championship Odds
Updated June 13, 2023 | Author: Sascha Paruk
- This page tracked the odds to win the 2023 NBA title
- The Denver Nuggets beat the Miami Heat 4-1 in the 2023 NBA finals
- Looking for this year’s NBA championship odds?
This page tracked the NBA championship odds during the 2023 NBA regular season and postseason. The first graph on the page displays the average odds. The table under the graph shows the current NBA championship odds from one of the major online sportsbooks in North America.
2023 NBA Championship Odds
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NBA Title Odds Movement Timeline
- June 8, 2023: After taking a 2-1 lead with a dominant road win in Miami, the Denver Nuggets moved to -900 in the updated 2023 NBA title odds. Miami is now a +600 underdog.
- June 5, 2023: The Miami Heat improved from +550 to +210 on average after a huge upset win in Game 2 in Denver. The Nuggets faded from -750 to -275, but remain heavily favored to win their first-even NBA championship.
- June 4, 2023: The Nuggets’ 2023 NBA championship odds improved to -750 on average after dominating Game 1. The Heat faded to +525, now needing to win four of the next six.
- May 29, 2023: The Denver Nuggets have opened as -350 favorites over the Miami Heat after Jimmy Butler’s team finally managed to finish off the Boston Celtics in Game 7.
- May 26, 2023: The Boston Celtics have improved from +1600 to +290 over the past four days after winnings Games 4 and 5 of the Eastern Conference final against the Miami Heat to avoid elimination.
- May 23, 2023: After knocking out the LA Lakers and advancing to their first NBA finals ever, the Denver Nuggets shortened to -268 on average.
- May 19, 2023: The Boston Celtics have faded to +300 after dropping Games 1 and 2 at home to the Miami Heat (+500). The Denver Nuggets improved to -115 after taking a 2-0 lead on the LA Lakers (+700).
- May 17, 2023: The Denver Nuggets (+140) are the new NBA title favorites after they beat the LA Lakers in Game 1 of the West finals and the Miami Heat upset the Boston Celtics in Game 1 on the East.
- May 14, 2023: After demolishing the 76ers in Game 7, the Celtics moved to +105 favorites in the 2023 NBA championship odds heading into the conference finals. The Nuggets (+230) are second-favorite, followed by the Lakers (+330) and the longshot Heat (+1400).
- May 10, 2023: Big movement today as the Philadelphia 76ers took a 3-2 lead in their matchup with the Boston Celtics. The Sixers are now +290 co-favorites in the NBA title odds alongside the Denver Nuggets, who lead the Phoenix Suns 3-2.
- May 9, 2023: After falling in a 3-1 hole to the Miami Heat, the New York Knicks now have by far the longest odds of any team remaining in the NBA playoffs at +8500.
- April 30, 2023: The Denver Nuggets (+508) moved to second-favorite after dominating Game 1 (125-107) against in their best-of-seven matchup with the Phoenix Suns, who fell to third at +575.
- April 25, 2023: Trailing the Miami Heat 3-1 and just one loss away from being eliminated, the Milwaukee Bucks (+517) remain the third-favorite, on average, behind the Boston Celtics (+220) and Phoenix Suns (+396).
- April 23, 2023: The Boston Celtics (+266) remain favorites, while the Phoenix Suns (+404) are creeping up on the Milwaukee Bucks (+358) for second-favorite.
- April 17, 2023: After dropping Game 1 in lethargic fashion to the underdog Heat, the Bucks (+300) have ceded their position as favorite to the Celtics (+270), who routed the Hawks in their own Game 1.
- April 15, 2023: The Heat and T-Wolves will round out the eight-team postseason field in each conference after winning their respective play-in games last night. Miami sits at +13000 while Minnesota is +18000.
- April 10, 2023: The Bucks will head into the postseason as NBA title favorites over the Celtics with the Suns, Warriors, and 76ers rounding out the top five.
- March 6, 2023: The Suns (+419) have overtaken the Bucks (+442) as the second-favorite behind the Celtics (+294) thanks to a strong start in the Kevin Durant era.
- Feb. 6, 2023: With the Golden State Warriors and Phoenix Suns continuing to struggle, the Nuggets have finally taken over as the favorites out of the Western Conference at +693.
- Jan. 24, 2023: As has been the case for the past month, the top-three favorites all reside in the East: Boston, Milwaukee, and Brooklyn.
2023 NBA Championship Favorites
| Team | Odds |
|---|---|
| Denver Nuggets | -5000 |
| Miami Heat | +2000 |
Odds as of June 12, 2023, at DraftKings. Claim the DraftKings promo code to bet on the NBA.
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Boston Celtics (+165)
The Boston Celtics have re-emerged as NBA Championship favorites after staving off elimination in Game 6 at the Philadelphia 76ers and forcing a Game 7 of their second-round series back in Boston. The 76ers faded from +290 to +750 after failing to close out the series at home.
Denver Nuggets (+230)
The Denver Nuggets earned the top seed in the Western Conference thanks in large part to a dominant 34-7 home record. They have carried over that impeccable home record to the NBA playoffs, where they are a perfect 6-0 in Denver heading into the Western Conference finals, where they will either face the Los Angeles Lakers or Golden State Warriors.
Los Angeles Lakers (+500)
The Los Angeles Lakers are living up to the potential they showed in the abbreviated 2020 season, when LeBron James and Anthony Davis took them to the title. With a supporting cast spearheaded by D’Angelo Russell, Austin Reaves, and Rui Hachimura, the Lakers set aside a lethargic regular-season performance while taking down the No. 2-seed Memphis Grizzlies in round one and how have the defending-champion Golden State Warriors on the ropes, holding a 3-2 series lead in the second round.
