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NBA Championship Odds: NBA Finals Odds Favor Bucks

Giannis Antetokounmpo's Bucks are favored in the NBA Finals odds.

The NBA playoffs have finally reached the pinnacle as the Phoenix Suns and Milwaukee Bucks are the last two teams bidding for the right to be NBA champions. While the Bucks were down 2-0 in the series, they have stormed back for a 3-2 lead, heading back to Milwaukee for a chance to close it out on home court on Tuesday.

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According to the best basketball betting sites, the Bucks sit at -400 odds to win the NBA championship, with the Suns now at +300 after being favored for most of the series.

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

For now, here are the full 2021 NBA championship odds for the two teams vying for the title:

Who is Favored to Win the 2021 NBA Championship?

Bucks lead 3-2

2021 NBA Championship Odds
TeamCurrent OddsOpening Odds
Phoenix Suns+300-170
Milwaukee Bucks-400+150

Odds as of July 20 at Bovada

What are the Bucks’ Chances of Winning the 2021 NBA Championship?

The Milwaukee Bucks took down the heavy favorites to win the NBA title, the Brooklyn Nets, and now find themselves in the NBA Finals for the first time since the 1973-74 season. The Nets were dealing with injuries to Kyrie Irving and James Harden, but Giannis Antetokounmpo and the Bucks outdueled Kevin Durant’s squad to advance to the Eastern Conference final. They then took down the Atlanta Hawks in six games, winning Games 5 and 6 in impressive fashion without their best player.

Giannis returned for Game 1 of the Finals and did not appear to be hampered by his injured knee, posting 20 points with 17 rebounds in the loss. He was even better in Game 2, putting up 42 points and 12 rebounds, and followed that up with a 41-point performance in Game 3. In Game 4, it was Khris Middleton’s turn to carry the load. Middleton put up 40 points to lead the team and even up the series. In their crucial Game 5 win, Giannis again led the team in scoring with 32 points.

The Bucks have several top-level defenders in Giannis, Middleton, Brook Lopez, Jrue Holiday and P.J. Tucker. How those players play against Chris Paul, Deandre Ayton and Devin Booker will likely determine the outcome of the series.

Can the Suns Get it Done?

The case for the Phoenix Suns in NBA championship odds is an easy one to make now that we’ve reached the final. Putting aside the fact that the Suns were well-rested heading into the series and the Bucks had a major question mark around their best player, the Suns have simply been better than the Bucks in these playoffs.

Going into the NBA Finals, Phoenix ranked second in field-goal percentage among all playoff teams, is much better at shooting the 3-ball than the Bucks, and ranked better in the playoffs in free-throw percentage, offensive rating, net rating, assists percentage and turnover percentage. The Bucks had the edge in rebounding and defensive rating.

It won’t be easy for the Suns to score on the defensive stalwarts on the Bucks, and Milwaukee is easily the best defensive team the Suns have faced in these playoffs, but it’s not hard to imagine Chris Paul and Devin Booker finding their scoring touch and getting the job done.


How to Read 2021 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 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 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.