Updated NBA Championship Betting Odds

Updated NBA Championship Betting Odds

Amazingly, the 2020-21 NBA season is already nearing the halfway point as the season has been shortened due to COVID-19. The NBA is now the major betting focus in the United States, at least until March Madness takes over for a three-week stretch next month.

Playoff races are already taking shape throughout the NBA, and the top teams have started to emerge. Now is a great time to make an NBA Championship Futures bet, and the current betting odds are listed below.

The Favorites

  • Los Angeles Lakers +220
  • Brooklyn Nets +400
  • LA Clippers +550
  • Milwaukee Bucks +750

There are clearly four favorites to win the NBA Championship this season, with two coming from each conference. These odds have shifted slightly since the season began, but it’s been the same four teams at the top of the list.

The Los Angeles Lakers (+220) are the defending NBA champions, and they are off to another great start this season. With LeBron James and Anthony Davis leading the way, the Lakers will be a tough team to overcome.

Brooklyn now has Kyrie Irving, Kevin Durant, and James Harden, but that group has hardly played together this season. The Nets are still looking for depth, but they have the stars to get it done.

The LA Clippers are having another terrific regular season, but they must prove that they can win games in the postseason. Milwaukee is always going to have a chance in the East, but the Bucks are another team that seems to fall short in the postseason.

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Ready to Make a Run

  • Utah Jazz +1200
  • Philadelphia 76ers +1400
  • Boston Celtics +2000
  • Denver Nuggets +3000
  • Miami Heat +4000

This is an intriguing group of five teams, and any one of them could make a run at the NBA Championship. The Utah Jazz currently have the best record in the NBA, and they have beaten some great teams along the way.

The Philadelphia 76ers, Boston Celtics, and Miami Heat will all factor into the Eastern Conference race, but they still have some work to do if they want to win it all.

Denver was in the Western Conference Finals a season ago, and it is led by center Nikola Jokic, who is one of the top players in the league.

There is some betting value with this group of teams, but it’s unclear if any team has what it takes to win it all.

A Potential Upset Pick

  • Phoenix Suns +4000
  • Dallas Mavericks +5000
  • Golden State Warriors +6000
  • Portland Trail Blazers +6600
  • Indiana Pacers +7000
  • Toronto Raptors +7000
  • San Antonio Spurs +10000
  • Atlanta Hawks +15000
  • Memphis Grizzlies +15000
  • New Orleans Pelicans +15000
  • Houston Rockets +17500

If you are looking to bet on an underdog to win the NBA Championship, then look no further than this group. Some of these teams have recent postseason success, while other teams look to be building for the future.

Out of this group, look at the Phoenix Suns (+4000), Indiana Pacers (+7000), or Toronto Raptors (+7000) as potential picks to win the NBA title. These teams need some help, but that could come at the NBA Trade Deadline.

Better Luck Next Year

  • Charlotte Hornets +25000
  • Cleveland Cavaliers +25000
  • New York Knicks +25000
  • Orlando Magic +25000
  • Washington Wizards +25000
  • Sacramento Kings +25000
  • Oklahoma City Thunder +40000
  • Chicago Bulls +40000
  • Detroit Pistons +60000
  • Minnesota Timberwolves +60000

Every season, there are always going to be teams with little to no shot to win the NBA Championship. Making the NBA Playoffs will be a stretch for each team on this list, and they don’t have what it takes to win it all.

If you are a fan of these teams, it is time to start focusing on the 2021 NBA Draft.