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The Golden State Warriors were just crowned the latest NBA champions but there’s a new favorite in town for the 2022-23 NBA championship odds. 

In an interesting twist, Bodog has the Boston Celtics, the defending Eastern Conference champions, as the favorites in the NBA Finals odds for this upcoming season. The C’s currently sit as the +550 chalk, while the Warriors — who were favored immediately after their recent title win — come in at +600. 

While you’re here, check out some of our other NBA betting sites, plus Kyrie Irving trade odds, and some traditional NBA free agency odds for the latest news on all the craziness happening in basketball right now.

If you’re a first-time NBA bettor, don’t sweat it. Our How to Bet on the NBA page has everything you need to know so you can feel comfortable making wagers on pro basketball. 

You can find the full 2022-23 NBA championship odds below.

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Who Is Favored To Win The 2022-23 NBA Championship?

Latest 2022-23 NBA Championship Odds
Team Current Odds
Boston Celtics +550
Golden State Warriors +600
Los Angeles Clippers +600
Phoenix Suns +650
Milwaukee Bucks +700
Los Angeles Lakers +1100
Miami Heat +1200
Philadelphia 76ers +1400
Dallas Mavericks +1800
Denver Nuggets +1800
Brooklyn Nets +2200
Memphis Grizzlies +2200
Toronto Raptors +2500
Minnesota Timberwolves +3500
Atlanta Hawks +4500
New Orleans Pelicans +4500
Chicago Bulls +5000
New York Knicks +7000
Cleveland Cavaliers +10000
Portland Trail Blazers +10000
Charlotte Hornets +12500
Utah Jazz +12500
Sacramento Kings +35000
Washington Wizards +35000
Indiana Pacers +50000
San Antonio Spurs +50000
Detroit Pistons +70000
Oklahoma City Thunder +100000
Houston Rockets +200000
Orlando Magic +200000

Odds as of July 19 at Bodog

Why Are The Celtics Favored In the NBA Title Odds?

The Celtics (+550) recently leapfrogged the Dubs (+600) for the top odds to win the NBA championship, which is a clear result of their two differing strategies in NBA free agency.

Boston has been far more aggressive adding pieces to its roster this summer. During the 2021-22 NBA Finals, the Celtics got exposed for their lack of depth, but they’ve very promptly addressed that issue by trading for guard Malcolm Brogdon (19.1 points per game last season) and signing veteran forward Danilo Gallinari (11.7 PPG). 

The moves to acquire those players didn’t cost anything more than a handful of depth pieces, which capped off a glorious swindling of talent by Boston’s front office.

The Warriors, however, have been much more idle on the open market. Golden State lost a couple of rotation pieces this offseason in Otto Porter Jr. and Gary Payton II, replacing them only with their two draft picks and Donte DiVincenzo, a respectable role player. Given the stark contrast in roster upgrades, it’s easy to see why the sportsbooks favor the Celtics heading into 2022-23. 

NBA Championship Odds: Best Value Bets

Los Angeles Lakers (+1100)

One of the most exciting aspects of the current NBA is that superstars swap teams all the time, leaving plenty of room for bettors to steal value before the season begins. That’s why we like the Lakers as an excellent bargain at +1100.

Right now, Los Angeles is favored in the odds to land star point guard Kyrie Irving. If the Lakers can pull off a blockbuster deal to reel in Irving, who’d form a big three with Anthony Davis and LeBron James, their NBA championship odds would skyrocket. It’s best to invest in these current odds now before it’s too late. 

Dallas Mavericks (+1800)

As we’ve already established, superstars win championships in the NBA, which must be thrilling for the Mavericks, who have NBA MVP co-favorite Luka Doncic leading their squad. 

The 23-year-old led the Mavs all the way to the Western Conference final this past season. As one of the NBA’s elite young stars, “Cool Hand Luka” is expected to continue his development in his fifth NBA season, when he’ll be led by head coach Jason Kidd, who’s a sneaky candidate for NBA Coach of the Year.

NBA Championship Odds: Best Bet

Milwaukee Bucks (+700)

Don’t forget the Bucks won the ‘ship in 2020-21, when they started the season at +550 in NBA championship odds, and took the Celtics all the way to Game 7 in the 2021-22 Eastern Conference final. With bench boss Mike Budenholzer in charge and Giannis Antetokounmpo a perennial NBA MVP candidate, Milwaukee is clearly capable enough to win a title this season.

Last year, health was the X factor for the Bucks, as superstar sidekick Khris Middleton missed parts of the regular season and then nearly all of the playoffs due to injury. 

The 30-year-old is expected to be fully recovered for the start of the 2022-23 NBA regular season, meaning Milwaukee’s power forward and three-point ace duo will be back and ready to terrorize opposing defenses once more. 

At +700, the Bucks are the best pick on the board. 

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How To Read 2022-23 NBA Championship Odds

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

  • Boston Celtics +550
  • GS Warriors +600

LA Clippers +600

Let’s pretend you believe that the Celtics are the team to beat based on the odds listed above. If you were to lay down $100, you’d see a payout of $650 – you get your $100 back, plus your earnings of $550. At +550, the Celtics’ implied probability to win with these odds is 15.38 percent. Or maybe you’re set on the Warriors. If you were to bet $100 on the Warriors to win the 2022-23 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 are 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 2022-23 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.

NBA Championship Odds FAQ

Who is the favorite to win the NBA championship?

The current betting favorites to win the 2022-23 NBA championship are the Boston Celtics at +550 odds. They are followed by the Golden State Warriors, the Los Angeles Clippers and the Milwaukee Bucks to round out the top four on the oddsboard. Things can change fast so keep track of the latest NBA Futures before you bet.

Who won the NBA championship last season?

The reigning 2022 NBA champions are the Golden State Warriors, who knocked off the Boston Celtics in six games to win their fourth NBA championship in the last eight seasons.

How do I bet on the NBA championship odds?

In order to bet on the 2021-22 NBA championship, you need to set up a betting account with an online sportsbook. The first step for betting on NBA Finals odds is figuring out what sportsbook is right for you and registering today. Once you’ve deposited money into a new account, you can start betting.