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2021-22 NBA Championship Odds: Nets, Lakers Early Favorites

James Harden's Brooklyn Nets are favored in the latest 2021-22 NBA Championship odds.

The Milwaukee Bucks’ title run is in the rear-view mirror and it’s time to look at new NBA championship odds with the 2021-22 season underway. 

As usual, there was a ton of player movement in free agency with several top talents joining new teams, and oddsmakers are all over the latest NBA championship odds as a result. 

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After a disappointing Game 7 loss to the Bucks in the second round of the playoffs and despite recent controversy around the availability of star point guard Kyrie Irving, the Brooklyn Nets (+260) sit atop the oddsboard at Bovada

Next up are the new-look Los Angeles Lakers (+450), followed by the defending champion Bucks (+900) and the Golden State Warriors (+900) rounding out the clear top four teams. 

A lot can change overnight in the NBA news world, so stay up to date with the latest NBA futures and make sure to check out NBA Series Prices odds when the playoffs roll around.

For now, here are the full 2021-22 NBA championship odds for every team in the NBA.

Who Is Favored To Win The 2021-22 NBA Championship?

Latest 2021-22 NBA Championship Odds
TeamCurrent Odds
Brooklyn Nets+260
Los Angeles Lakers+450
Milwaukee Bucks+900
Golden State Warriors+900
Phoenix Suns+1300
Utah Jazz+1600
Los Angeles Clippers+1600
Denver Nuggets+1800
Miami Heat+2000
Philadelphia 76ers+2000
Dallas Mavericks+3000
Atlanta Hawks+3500
Boston Celtics+4000
Chicago Bulls+5000
Portland Trail Blazers+6600
New York Knicks+8000
New Orleans Pelicans+10000
Indiana Pacers+10000
Memphis Grizzlies+10000
Charlotte Hornets+10000
Toronto Raptors+15000
Washington Wizards+15000
Sacramento Kings+25000
San Antonio Spurs+30000
Minnesota Timberwolves+30000
Cleveland Cavaliers+50000
Detroit Pistons+50000
Orlando Magic+50000
Houston Rockets+50000
Oklahoma City Thunder+50000

Odds as of October 25 at Bovada

What Are The Bucks’ Chances Of Repeating?

While teams passed them in NBA championship odds, the Milwaukee Bucks enter the 2021-22 season with a very similar roster.

Finals MVP Giannis Antetokounmpo, Khris Middleton, Brook Lopez and Jrue Holiday all return for the Bucks to form one of the undisputed top teams in the league and certainly one of the top two or three on paper in the Eastern Conference. 

While it makes sense that a healthy Nets team be ranked over Milwaukee, any questions about Giannis’ ability to perform come playoff time have been more than answered and it will be hard to bet against them in a seven-game series next spring. 

That said, the team still has the third-best odds and we think there are other teams that present better value at this time.

Brooklyn Nets (+260)

At +260 you aren’t getting much meat on the bone for your bet considering the other options available. But it’s hard to take a realistic look at the landscape of the NBA and say the Nets won’t be in the NBA Finals this season if they get a healthy playoff from Kevin Durant, James Harden and Kyrie Irving. 

Last season, the trio played just eight regular-season games together and still locked down the No. 2 seed in the East. However, the team was in shambles come the end of their series with Milwaukee as both Harden and Irving missed time with injuries.

It’s not a bet that will win you much money, but these might literally be the best odds we will get on the Nets all season long if they dominate the East the way we think they might.  

Other NBA Championship Best Bets

Los Angeles Lakers (+450)

Like the Nets, the odds aren’t great if we’re betting on the Lakers. But it’s hard to ignore the superteam that has been assembled on the West Coast with Russell Westbrook joining LeBron James, Anthony Davis and company.

The big question for this team will be health down the stretch. They shouldn’t have much of a problem making it to the playoffs. And if they get there with anything resembling a healthy roster, it will be very hard to bet against the 2020 champs.

Phoenix Suns (+1300)

The case for the Phoenix Suns in NBA championship odds is an easy one to make now that they’ve reached a final.

With Chris Paul back in the mix, a trio of Paul, Devin Booker and Deandre Ayton is a very attractive bet at +1300 considering the success they had in the 2020-21 NBA playoffs. 

Atlanta Hawks (+3500)

A team that was in the Eastern Conference final is 12th in NBA championship odds? Seems like a pretty good bet. 

Sure, there were a ton of injuries in the East (Brooklyn) that cleared a path for the Hawks to finish in the league’s top four. But there is no denying this is still one of the best up-and-coming young teams in the league, and their best player wasn’t playing at 100 percent at the end of their playoff run either.

It wasn’t a very active free-agency period for the Hawks, but they were able to retain the services of star centre John Collins and veteran guard Lou Williams while re-signing superstar guard Trae Young to a rookie-scale extension. The Hawks also brought in underrated point guard Delon Wright to strengthen the backcourt. 

The pieces are in place in Atlanta for the Hawks to be one of the top few teams in the East, and they could be right near the top if we see progression from the young core. At +3500, the price is right for a long-shot bet in NBA championship odds.

Best Bet: Miami Heat (+2000)

The acquisition of Kyle Lowry is a major boost to a Heat roster that now includes Lowry, Jimmy Butler, Tyler Herro, Bam Adebayo, Victor Oladipo and Duncan Robinson. Adding P.J. Tucker from the Bucks was an under-the-radar move that helps on the defensive end as well.

This is all of a sudden a much better roster than the one that was in the NBA Finals in the bubble in 2019-20. 

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The East is tough, and the Heat would be rightful underdogs in a series against either Milwaukee or Brooklyn, but injuries can derail a top team in an instant.

Betting on the Heat at +2000 is one of the best bets on the board at the moment as one of the most improved rosters in the league. However, the Heat’s odds were at +2500 just last week, so the value on this bet might be vanishing quickly.

How To Read 2021-22 NBA Championship Odds

At the sportsbook – a fancy way to say NBA betting site – you’ll notice that the odds are listed like this:

  • LA Lakers +210
  • LA Clippers +600

Milwaukee Bucks +600

Let’s pretend you believe that the Lakers are the team to beat based on the odds listed above. If you were to lay down $100, you’d see a payout of $310 – you get your $100 back, plus your earnings of $210. At +210, the Lakers’ implied probability to win with these odds is 32.26 percent. Or maybe you’re set on the Milwaukee Bucks. If you were to bet $100 on the Bucks to win the 2021-22 NBA championship and it hits, you’d get $700 – your $100 is returned and you’d get $600 in profit.

Check out our Odds Calculator to see how much you’d win based on the odds and amount wagered, as well as the implied probability of all odds.

What Are NBA Futures?

Futures bets made on events that have yet to take place. You make a bet like this far off in advance of the event, in this case the team to win the championship. To make a bet like this, you would first use the info contained in this article to handicap your wager. Once you’ve made your decision on which team you think has the chops to win the 2021-22 NBA championship, you’re ready to go. For further information on how to bet on NBA games, be sure to check out Odds Shark’s guide to basketball betting.