2026 NBA Finals Odds

The reigning NBA champion Oklahoma City Thunder continue to be the heavy betting favorites to hoist the Larry O'Brien trophy once again in 2026, with the Denver Nuggets and Cleveland Cavaliers the only other teams with greater than 10-to-1 odds.

Here's an updated look at where all teams currently sit in the title odds race.

2026 NBA Finals odds

Odds To Win NBA - Championship 2026
Teams	Odds
Oklahoma City Thunder	-105
Denver Nuggets	+750
Houston Rockets	+1200
New York Knicks	+1300
Cleveland Cavaliers	+1900
LA Lakers	+2200
San Antonio Spurs	+2500
Detroit Pistons	+2700
Boston Celtics	+3300
Golden State Warriors	+3300
Minnesota Timberwolves	+3500
Orlando Magic	+3500
Atlanta Hawks	+5500
Miami Heat	+6500
Philadelphia 76ers	+7500
LA Clippers	+12500
Toronto Raptors	+12500
Dallas Mavericks	+40000
Chicago Bulls	+70000
Brooklyn Nets	+100000
Charlotte Hornets	+100000
Memphis Grizzlies	+100000
Milwaukee Bucks	+100000
New Orleans Pelicans	+100000
Phoenix Suns	+100000
Portland Trail Blazers	+100000
Sacramento Kings	+100000
Utah Jazz	+100000
Washington Wizards	+100000
Odds as of December 16th, 2025 01:42am EST.

2026 NBA Finals Odds Favorites: Oklahoma City Thunder

Capturing consecutive championships isn't guaranteed in this era of parity. Seven unique champions in seven years has never been done before in the history of the league, but Oklahoma City's win carries forth that miraculous streak. With an average age of 25.33, the Thunder are the second-youngest champions ever, but as we've seen with past winners, going back-to-back is easier said than done. No team to have won a title since 2018 managed to advance beyond the second round the following year. Oklahoma City has all of the pieces in place to buck the trend, at the very least. Whether or not it can remains to be seen.

Not having Jalen Williams (wrist) in the starting lineup for the team's first 19 games did little to halt the progress of the Thunder. They've lost just a single game as of December 5, and their defense is 6.5 points allowed per 100 possessions better than every other team in the league. Shai Gilgeous-Alexander is once again is at the forefront of Most Valuable Player conversations, and Chet Holmgren is the only real threat to Victor Wembanyama's Defensive Player of the Year bid just like he was a year ago. A 70-win campaign is very much on the table with the pace they've set, as Oklahoma City has set a tone that it's them against the world, and that no one is truly on its level.

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What Impacts NBA Finals Odds?

Winning and losing streaks
Injuries to key players
Seeding in the standings
Win-loss records against specific opponents
Postseason success

How To Bet On NBA Futures

An NBA futures bet tends to revolve around the outcomes of both the regular season and playoffs as opposed to specific games the day of.

Here are some examples of some of the more popular futures bets:

Which team will win the NBA Championship?
Which player will win the Most Valuable Player award?
Will Team X qualify for the NBA playoffs?

Last 10 NBA Finals Winners

NBA Champions (2015-2025)
Year	Winning Team	Preseason Odds To Win Title	Opponent In Finals	Series
2025	Oklahoma City Thunder	+500	Indiana Pacers	4-3
2024	Boston Celtics	+350	Dallas Mavericks	4-1
2023	Denver Nuggets	+1800	Miami Heat	4-1
2022	Golden State Warriors	+900	Boston Celtics	4-2
2021	Milwaukee Bucks	+550	Phoenix Suns	4-2
2020	Los Angeles Lakers	+450	Miami Heat	4-2
2019	Toronto Raptors	+1850	Golden State Warriors	4-2
2018	Golden State Warriors	-187	Cleveland Cavaliers	4-0
2017	Golden State Warriors	-128	Cleveland Cavaliers	4-1
2016	Cleveland Cavaliers	+280	Golden State Warriors	4-3

NBA Teams With The Most Championships

Team	NBA Titles	NBA Finals Appearances	Most Recent NBA Title
Boston Celtics	18	23	2024
Los Angeles Lakers	17	32	2020
Golden State Warriors	7	12	2022
Chicago Bulls	6	6	1998
San Antonio Spurs	5	6	2014
Philadelphia 76ers	3	9	1983
Detroit Pistons	3	7	2004
Miami Heat	3	6	2013
New York Knicks	2	8	1973
Milwaukee Bucks	2	3	2021

NBA Teams That Have Never Appeared In A Finals

Team	Number Of Seasons	Furthest Finish
Los Angeles Clippers	49	Western Conference Final (2021)
Charlotte Hornets/Bobcats	30	Eastern Conference Semifinals (1993, 1998, 2001, 2002)
Minnesota Timberwolves	29	Western Conference Final (2004)
Vancouver/Memphis Grizzlies	23	Western Conference Final (2013)
New Orleans Hornets/Pelicans	17	Western Conference Semifinals (2008, 2018)

NBA Finals Odds Trends

Four of the last seven NBA Finals have been decided in six games.
In the last 22 years, the Western Conference is 13-9 in NBA Finals.
Also over the past 21 years, the No. 1 seed has won the championship 14 times. Those are solid odds.
The lowest-seeded team to win the NBA Finals in recent history was the sixth-seed 1995 Houston Rockets.
Since 2010, the top team in the regular season has won the championship six times.