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NBA Championship Odds: Lakers Are HUGE Odds-On Faves

LeBron James and the Los Angeles Lakers lead NBA championship odds.

After a convincing wire-to-wire win in Game 4 of the NBA’s Western Conference final, the Los Angeles Lakers have a 3-1 NBA playoff series lead over the Denver Nuggets and remain huge odds-on favorites to win the 2019-20 NBA championship.

The best basketball betting sites have placed the Lakers at -425 to win their 17th title in franchise history and LeBron James’ fourth championship in his career.

Following the Lakers on the oddsboard are the Miami Heat (+525), who have a 3-2 series lead over the Boston Celtics in the Eastern final. The Celtics are back to +750 after going as high as +1800 following their Game 4 loss. The Nuggets, coming off two historic 3-1 series comebacks in this postseason, are in a familiar spot down 3-1 to the Lakers but sit at +3300 to defy the odds a third time and go on to win the championship.

If you’re new to betting and want to know how to bet on basketball, what NBA futures are, or even how betting works without fans in attendance, click on any of these links to get you up to speed.

For now, here are the 2019-20 NBA championship odds for the four teams still in contention in Orlando:

Who Is Favored To Win The NBA Championship?

2019-20 NBA Championship Odds
TeamOdds
Los Angeles Lakers-425
Miami Heat+525
Boston Celtics+750
Denver Nuggets+3300

Odds as of September 26 at Bovada

Lakers In Driver’s Seat To Win NBA Championship

We didn’t get to see the dream series everyone was hoping for in the Western Conference final and that’s likely fine by the Los Angeles Lakers. The Lake Show may have dropped Game 3 but re-established their dominance in Game 4 with a six-point win and now have a 3-1 series lead in the conference final vs the Nuggets. While they may not state this publicly, they have to be ecstatic to be facing Denver instead of the Clippers because the Lakers had difficulty containing Kawhi Leonard and Paul George in their matchups this season.

Since LeBron arrived in Los Angeles, the Lakers have been at or near the top of the oddsboard to win the NBA championship and 2019-20 is shaping up to be a title-or-bust situation, especially if oddsmakers are tabbing them as -425 faves.

The Lakers are now 11-3 SU in the postseason bubble and don’t look to be slowing down any time soon, but the Nuggets can’t be counted out until they’re officially eliminated. To be fair, Denver has earned that right and some would argue the Nuggets should be tied with LA at two games apiece in this series had they not allowed a buzzer-beating three-pointer in Game 2 to Anthony Davis.

The Heat Is On In The East 

At this point in the NBA playoffs, it’s hard to write off any team facing a series deficit but when it comes to the Eastern Conference final between the Miami Heat and Boston Celtics, the Celtics are in trouble.

Sure, they won Game 5 by a comfortable margin after a dominant second half but the Celtics have been lackadaisical for huge portions of this series and have yet to put together a full wire-to-wire dominant performance through five games. They're lucky at this stage to be only trailing by one game because if you had just watched the first half of Game 5, it looked like another blowout was coming.

Game 6 is on tap for Sunday night and the Heat are currently three-point underdogs for the sixth straight game.


How to Read NBA Finals 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
  • Miami Heat +425
  • Boston Celtics +550
  • Denver Nuggets +850

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. Or maybe you’re set on the Denver Nuggets. That same $100 on a winning Nuggets bet would get you $950 – your original $100 is returned along with your prize of $850.

Check out our Odds Calculator to see how much you’d win based on the odds and amount wagered.

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 NBA Finals, you’re ready to go.