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2027 NBA Championship Odds: Spurs Open as Favorites Over Thunder, Celtics, Knicks
By Sascha Paruk
Updated:
- This page displays the odds to win the 2027 NBA Championship
- The Spurs have opened as favorites to win the 2027 NBA title
- See the NBA Championship odds for all 30 teams
This page tracks the odds to win the 2027 Larry O’Brien Trophy, also known as the NBA Championship. Below, readers will find a comprehensive, data-driven look at NBA Championship odds sourced directly from major sportsbooks and prediction markets.
Whether you are hunting for value on the latest title favorites, analyzing ATS trends and moneyline shifts, or tracking the biggest risers and fallers on the board, this tool has you covered. We dissect the market with essential historical context, highlighting past NBA champions alongside the franchises still chasing their first-ever title.
The table below details the current odds for all 30 teams, while the graph under the table will track the odds movement throughout the 2026-27 season, which is scheduled to start in October.
2027 NBA Championship Odds
At prediction site Kalshi, the Oklahoma City Thunder (27¢) narrowly edge out the San Antonio Spurs (26¢) as the 2027 NBA title favorites. The Boston Celtics (17¢.) are a distant third-favorite, with the reigning-champion Knicks (14¢) and Miami Heat (12¢) rounding out the top-five favorites. Miami’s price is fuelled by an expectation that the Heat will be busy in free agency.
2027 NBA Championship Favorites
Odds last collected on July 24th at DraftKings Sportsbook.
The opening 2027 NBA Championship slightly favor the Spurs over the Thunder, Celtics, and reigning-champion Knicks.
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NBA Title Odds Movement Timeline
- July 24 – Following LeBron James’ decision to sign in Philadelphia, the 76ers have made a big jump up the odds table, going from last month’s +5500 to +900.
- June 14 – San Antonio (+250) has opened as a slight betting favorite over Oklahoma City (+260) in the 2027 NBA Championship odds.
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Looking for the latest NBA odds? – Get current spreads, totals, and moneyline odds for tonight’s games here.
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.
Moneyline
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.
Point Spread
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.
Total Points
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.
Prop Bets
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.
Live Betting
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.
Past Ten NBA Finals Winners
Over the last decade of NBA Finals action, the Golden State Warriors emerge as the era’s definitive dynasty, capturing three championships (2017, 2018, and 2022) and drawing massive public betting handle.
Aside from Golden State’s dominance, recent history is defined by parity and breakthrough market value. The Cleveland Cavaliers (2016), Toronto Raptors (2019), and Denver Nuggets (2023) all cashed historic futures tickets to secure their first-ever franchise titles. Capped off by the Oklahoma City Thunder in 2025, eight different franchises have successfully hoisted the Larry O’Brien Trophy over the past ten seasons.
NBA Championships by Team: All-Time Title Count for Every Franchise
Looking at the all-time championship leaderboard, the Boston Celtics stand alone at the summit with 18 total titles following their victory in 2024. The Los Angeles Lakers trail closely behind with 17 championships. Together, these two historic powerhouses have combined for a staggering 35 titles, establishing a massive gap over the rest of the league. The next closest franchise is the Golden State Warriors with seven.
However, modern contenders have begun aggressively chipping away at that gap, with teams like the Denver Nuggets (2023) and Milwaukee Bucks (2021) proving that championship parity offers consistent value in the futures market. The Oklahoma City Thunder—currently the -129 implied favorites—secured their second franchise title in 2025, adding to their 1979 victory. Their flawless current postseason run positions them beautifully to climb the historic ranks and break further away from the bottom tier of the league.
NBA Teams That Have Never Won a Championship
After coming oh-so-close in the 2021 finals by going up 2-0, the Phoenix Suns title drought is the longest in the league.
Looking at the active postseason field, the Minnesota Timberwolves are uniquely positioned to emerge from this group. Coming off a massive 4-2 series victory over the defending champion Denver Nuggets, Minnesota offers an intriguing profile to finally cash a championship futures ticket and exit this historic drought.
NBA Championship FAQ
Who won the NBA Finals in 2026?
The New York Knicks won the NBA Finals in 2026 by defeating the San Antonio Spurs in five games.
Who is favored to win the NBA Finals 2027?
The Spurs have opened as slight favorites over the Oklahoma City Thunder, who won the title in 2025.
What NBA teams have never won a championship?
The Suns, Jazz, Pacers, Nets, Magic, Clippers, Grizzlies, Timberwolves, Pelicans and Hornets have never won an NBA Championship.
Who has the most NBA championship rings?
The Boston Celtics won their 18th NBA Championship in 2024, surpassing the Los Angeles Lakers, who remain on 17.
Archived NBA Championship Odds:
Sascha Paruk
Managing Editor
Sascha has been working in the sports-betting industry since 2014, and quickly paired his strong writing skills with a burgeoning knowledge of probability and statistics. He holds an undergraduate degree in linguistics and a Juris Doctor from the University of British Columbia.
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