We’ve been tracking the NBA championship odds for all 30 teams since they became available and have included the info below. The graphs on this page are generated by calculating the average futures odds to win NBA Finals from many of our most trusted sportsbooks.
2023 NBA Championship Odds
|Golden State Warriors||+550|
|New Orleans Pelicans||+4000|
|Portland Trail Blazers||+8000|
|New York Knicks||+20000|
|San Antonio Spurs||+30000|
Odds as of June 28 at Caesars Sportsbook.
NBA Championship Favorites
With the Warriors current best odds to win the NBA Championship as short as -175 at online sportsbooks, they are far and away the title favorite. Boston’s odds sit at +140 on Caesars Sportsbook while the Heat’s odds have faded from the favorites’ position they once were in the East as they face elimination in Game 6 of the Eastern Conference Finals on May 27th.
After taking down the Boston Celtics in last year’s NBA Finals, the Warriors have opened as +500 favorites to win their fifth title of the Curry-Thompson-Green era.
While last year was a major disappointment for Brooklyn, oddsmakers are chalking it up mostly to bad injury luck. The Nets still feature two huge names – Kevin Durant and Kyrie Irving – and that’s enough to have them tied for second-favorite.
Oddsmakers clearly see Boston’s run to the 2022 Finals as a stepping stone for the franchise. With Jayson Tatum emerging as a top-five player in the NBA, the Celtics are set up to be Eastern Conference contenders for the foreseeable future.
How to Bet on the NBA Finals
If you’re new to betting on the NBA, all the same types of ways to bet on basketball are available for the NBA Finals. There’s also usually a robust market of props and special wagers available for each NBA Finals game. Continue scrolling for all the ways to bet on the NBA Championship odds.
The easiest NBA bet available is the moneyline, and it’s also the most common. When you bet the moneyline, you’re betting on who will win the game straight up. The margin of victory does not matter.
Reading moneyline odds is straightforward. Whichever team has a “+” number next to it is the underdog, while the team with a “-” next to it is the favorite. The associated numbers indicate the implied probability that the sports betting site has assigned to each team’s chances of winning the game. The best odds can also be used to calculate your prospective winnings.
If you place a spread bet on the favorite, they have to win by a specified number of points. Conversely, if you bet on the underdog, they have to not lose by the specified number of points.
For example, if the Warriors are -3.5 favorites in Game 1 of the NBA Finals, they would have to win by at least four points for you to win your bet on Golden State. If you took the opponent +3.5, they would have to lose by three points or less for you to cash your ticket.
You can also bet point spreads in live betting, and watch for them to change before the games begin due to injury news or an influx of money being bet on one side or the other.
Totals betting (also known as over/under betting) is also relatively straightforward. Simply put, you are placing a bet on the total points scored in a game. Calculate the total score by adding the points each team scored together.
In our example, the total is set at 210.5. If you bet on the over, you’re betting that Golden State and Boston’s combined final scores will be more than 210.5 points. Just like placing a bet against the spread, half-points are used to avoid the possibility of a push, or tie.
With fantasy sports exploding, player prop betting has seen an equal rise in popularity amongst NBA bettors. This includes wagering on specific players or events within games.
You can bet on player points, rebounds, assists, three-pointers made and defensive stats – as well as combos of all put together for most of the top player in any NBA Finals game.
There’s also team props available on winning margins, race to X number of points, first team and first basket scored among many others.
Many sports betting sites offer live NBA betting markets, allowing you to place bets on games that are already underway.
Just like a regular pre-game bet, you’re able to bet on the moneyline, spread, total, and several interesting props. That said, the spread and odds will be adjusted in real-time, based on the progression of the game and the number of incoming bets.
Best NBA Sports Betting Promos
In order to maximize the value on your wagers, especially as you start out sports betting, it is imperative to use all the NBA sports-betting promos at your disposal. While not many of these are focused on futures bets – like NBA Championship markets – the championship futures can still give you a good gauge of the relative balance of power in the Association.
The links in the list below will take you directly to a page with all the available promos from the country’s top-five sportsbooks.
- Caesars Sportsbook promos
- Barstool Sportsbook promos
- BetMGM Sportsbook promos
- FanDuel Sportsbook promos
- DraftKings Sportsbook promos
Five Past NBA Championship Winners
|2022||Golden State Warriors|
|2020||Los Angeles Lakers|
|2018||Golden State Warriors|
With their win in 2021, the Milwaukee Bucks broke a 49 season title drought – with Giannis Antetokounmpo now immortalized alongside Oscar Robertson and Kareem Abdul-Jabbar in Bucks lore.
The Warriors have another chance to add to their dynastic run of the Stephen Curry- Klay Thompson-Draymond Green era having secured their ticket in the 2022 NBA Finals. With -160 odds to win the NBA Championship, the markets have them as a great bet to win their third title in a five year span.
NBA Teams That Have Never Won a Championship
|Los Angeles Clippers||14|
|Oklahoma City Thunder||8|
|New Orleans Pelicans||7|
After coming oh-so-close in the 2021 Finals by going up 2-0, the Phoenix Suns title drought remains the longest in the league. After their embarrassing second round loss in Game 7 to the Dallas Mavericks, that dry period will now reach 31 years without an NBA Championship.
Utah and Denver both have extended droughts of 25+ seasons, and both could be set for offseason roster shakeups as they each failed to get out of the first round.
NBA Championship FAQ
Looking for more answers to your questions about the NBA championship? We’ve got you covered.
Who won the NBA Finals in 2022?
The Golden State Warriors won the NBA Finals in 2022 by defeating the Boston Celtics in six games.
Who is favored to win the NBA Finals 2023?
The Golden State Warriors have opened as favorites to repeat as champions next season.
What NBA teams have never won a championship?
The Suns, Jazz, Pacers, Nuggets, Magic, Clippers, Grizzlies, Timberwolves, Thunder, Pelicans and Hornets have never won an NBA Championship.
Who has the most NBA championship rings?
The Boston Celtics and Los Angeles Lakers each own 17 NBA Championships.
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