NBA Championship Odds
Table Of Contents:
Anytime, is the perfect time to consider making future bets. Betting on the NBA Finals winner is one of the most popular markets all year round and therefore our article will focus on the NBA Championship odds. We will also provide you with our NBA Finals predictions and give you some of the welcome bonuses that you can claim from a number of different sportsbooks.
NBA Championship odds 2024-2025
The table below will provide you with the current NBA odds to win the championship including the opening NBA Championship odds per the top NBA betting sites out there.
| Rank 🎯 | Team 🏈 | Current Odds 🔢 | Opening Odds 🔢 |
|---|---|---|---|
| #1 | Celtics | +295 | +300 |
| #2 | Thunder | +700 | +800 |
| #3 | 76ers | +850 | +800 |
| #4 | Knicks | +900 | +825 |
| #5 | Nuggets | +950 | +875 |
🏀 Betting on the 2024-2025 NBA Finals
With the table below, we have listed five of the best welcome bonuses across different sportsbooks. All of these sportsbooks offer the NBA odds to win the championship. Note that these NBA champion odds can be different based on the sportsbook you choose to bet with.
| Rank 🎯 | Sportsbook 🏠 | Welcome Offer 🔥 | Promo Code 🔓 |
|---|---|---|---|
| #1 | Caesars | $1,000 First Bet on Caesars 🥇🥇🥇 | EVGEDC1000 |
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| #3 | BetMGM | $1,500 in First-Bet Protection 🦁🦁🦁 | EVGEDC |
| #4 | FanDuel | Bet $5, Get $150 in Bonus Bets If Your Bet Wins + 3 Free Months of NBA League Pass 🔥🔥🔥 | Claim Now |
| #5 | DraftKings | Bet $5, Get $150 in Bonus Bets Instantly 👑👑👑 | Claim Now |
🏟️ Favorites to win NBA Championship for 2024-2025
Below we have provided the five most teams likely to win the NBA Finals for the 2024-2025 season. Here we will provide each team’s NBA Championship odds and where they rank compared to the rest of the NBA.
Boston Celtics (+295)
As last years dominant champions, the Boston Celtics are top choice in NBA odds for winning the championship at +295 from Caesars Sportsbook. Boston’s chances to win this season are increased by the rising experience of Jason Tatum, . On top of him, the Celtics also continue another season with Jrue Holiday and still have Jaylen Brown and Derrick White at the helm. With that core of players plus several solid role players, the Celtics could be an easy back-back NBA Championship winner this season.
Oakland City Thunder (+700)
The Oakland City Thunder are the second outright favorite to win the NBA Finals this season behind the Celtics. Their NBA odds for the Championship are +700 at BetMGM Sportsbook. The biggest reason why the Thunder looks to be the most likely candidates to win the title is because of young returning core and players like Jalen Williams. They also acquired Caruso and Hartenstein as sizable centers, giving the Thunder a solid roster this season.
Philadelphia 76ers (+850)
The Philadelphia 76ers have NBA title odds of +850 from Bet365 Sportsbook. These odds are third on the betting board out of the 30 teams in the league. The 76ers still have bigtime players Joel Embiid, Paul George and Tyrese Maxey. Embiid ended last season with around 33 PPG and Philadelphia finished 7th in the Eastern Conference. This season with a fully healthy squad, the 76ers could be tough contenders to win the NBA Finals this season.
New York Knicks (+900)
The New York Knicks have odds of +900 to win the Finals at DraftKings Sportsbook. These odds are fourth on the betting board compared to the rest of the league. Last season the Knicks unfortunately managed to place second in Eastern Conference, and were knocked out of the Conference Semifinals by the Indiana Pacers. This year, with returning players like OG Anunboy, Julius Randle, Jalen Brunson, Mikal Bridges and even more, you shouldn’t count out the possibility that the Knicks make the NBA finals this year.
Denver Nuggets (+950)
The Denver Nuggets’ NBA odds for the Championship are +950 at FanDuel Sportsbook. Their odds to win the NBA Finals are fifth on the betting board compared to the rest of the NBA. The Nuggets dominated last season yet only finished second in the Western Conference. Alongside Nikola Jokic is Russell Westbrook, Jamal Murray, Aaron Gordon, Michael Porter Jr and Christian Braun giving the Nuggets a strong six to make up the core of their roster, making them serious contenders to follow through to the finals this NBA post-season.
NBA Finals Predictions for 2024-2025
Our NBA Finals predictions will focus on the Boston Celtics. Their odds to win the NBA Championship are +295, the best on the betting board. After crushing most competitive and winning their first NBA Championship over a decade, the Boston Celtics return this season with relatively the same squad. Throw in added experience and the hunger for a repeat, and the Celtics are by far the best choice for winning the 2024-2025 NBA Finals.
👀 NBA Championship Picks: Longshot Candidates to Watch
One of the NBA Finals predictions involving a longshot would be on the LA Lakers. Their odds to win the NBA championship are +3000. The Lakers still have basketball legend LeBron James and Anthony Davis and while they finished 3rd in the West last year and failed to make the playoffs, they still managed an impressive 47-35 record. Don’t count out the Los Angeles Lakers in a longshot run to the finals this year, as you never know what the experienced legends can bring to the table.
📊 NBA Finals trends & statistics
One of the trends to consider when looking to bet on a team to win the NBA Finals is the fact that there have not been many back-to-back champions in recent seasons. The last team to go back-to-back was the Golden State Warriors. This happened for the 2017 and 2018 NBA Finals. However, with so many teams improving every season, the Denver Nuggets might be a team worth avoiding this season (they are currently the defending NBA Champions).
🙂 Teams with most NBA Title wins
| Team | NBA Finals wins |
| Boston Celtics | 18 times |
| Los Angeles Lakers | 17 times |
| Golden State Warriors | 7 times |
| Chicago Bulls | 6 times |
| San Antonio Spurs | 5 times |
| Philadelphia 76ers, Detroit Pistons, Miami Heat | 3 times |
| New York Knicks, Houston Rockets, Milwaukee Bucks | 2 times |
| Cleveland Cavaliers, Atlanta Hawks, Washington Wizards, Oklahoma City Thunder, Portland Trail Blazers, Dallas Mavericks, Sacramento Kings, Toronto Raptors, Denver Nuggets, Phoenix Suns, Utah Jazz, Brooklyn Nets, Orlando Magic | 1 time |
| Indiana Pacers, Charlotte Hornets, Los Angeles Clippers, Memphis Grizzlies, Minnesota Timberwolves, New Orleans Pelicans | 0 times |
🏆 Past 10 NBA Finals winners
| Year | Team | Runners-up | Series Score | Odds at beginning of season |
| 2024 | Boston Celtics | Dallas Mavericks | 4-1 | +450 |
| 2023 | Denver Nuggets | Miami Heat | 4-1 | +1800 |
| 2022 | Golden State Warriors | Boston Celtics | 4-2 | +900 |
| 2021 | Milwaukee Bucks | Phoenix Suns | 4-2 | +550 |
| 2020 | Los Angeles Lakers | Miami Heat | 4-2 | +450 |
| 2019 | Toronto Raptors | Golden State Warriors | 4-2 | +1850 |
| 2018 | Golden State Warriors | Cleveland Cavaliers | 4-0 | -187 |
| 2017 | Golden State Warriors | Cleveland Cavaliers | 4-1 | -128 |
| 2016 | Cleveland Cavaliers | Golden State Warriors | 4-3 | +280 |
| 2015 | Golden State Warriors | Cleveland Cavaliers | 4-2 | +2800 |
Given the table above, the NBA Finals winner over the last 10 years had preseason odds shorter than +1000 six times. Because of that, it might be worth targeting teams that have NBA Championship odds 2023-2024 of shorter than +1000.
🎉 What happened in last year’s NBA Finals?
Throughout most of last season, the Boston Celtics were one of the favorites to win the NBA Championship. Throughout the playoffs, they looked to be very strong, shutting out the Pacers 4-0 in the Semifinals. The finals was a little bit closer, with Dallas winning one of the five series games, although the Celtics ultimately ran through every team they came up against including the Mavericks in the final, winning the first NBA championship for the Celtics in over a decade.
🤔 How do sportsbooks calculate NBA Championship betting odds?
There are many factors that go into how sportsbooks calculate their NBA Championship odds. One of the main factors in this regard is how each team performed the previous season. Teams that made the playoffs in the previous season will have shorter NBA Championship odds, while the teams who missed the playoffs will likely have much longer NBA Championship odds.
However, another factor that could influence the NBA title odds are the offseason moves made by each team in the NBA Draft and free agency. Results in the inaugural NBA In-Season Tournament, starting in November, could also affect NBA Championship odds as we’ll get a glimpse at each team’s performances in big knockout games.
📖 How to read NBA Championship betting odds
Before you decide to bet on the odds to win the NBA Championship, you will first need to understand how to read these NBA winner odds. Below we have provided a few examples to explain how reading the NBA Championship odds 2023-2024 works (odds are example odds):
+375 (Milwaukee Bucks)
The first example will highlight the favorite to win the NBA championship. The NBA title odds of +375 are held by the Milwaukee Bucks. These NBA Finals odds would result in a profit of $37.50 following a successful $10 bet..
+8000 (Atlanta Hawks)
The Atlanta Hawks are much more of a longshot to win the NBA Finals. Their odds to win the NBA Finals are +8000 at BetMGM. This means that betting $10 on their NBA Championship odds 2023-2024 would return $80.
📱 How to calculate NBA Championship betting odds
The easiest way to calculate the implied probability for the NBA Championship odds is by using an odds calculator. However, if you want calculate the NBA Finals odds yourself, you can use the following formulas
- 100/(odds +100) x 100
Since the NBA winner odds are almost in plus money (and that is the case again heading into 2023-24), you can use the above formula to determine the win probability. So if you take the odds to win the NBA Finals for the Boston Celtics and Milwaukee Bucks at +375, you can determine that both of these teams have a 20% chance to win the NBA Finals.
