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Heat Vault from 25/1 to 2/1 Overnight

They only have four players under contract, but three of them are pretty good. Still, does the signing of LeBron James and Chris Bosh in Miami justify 25/1 odds of winning the NBA title becoming 2/1 odds overnight?

And what about the Miami Heat Season Win Total prop set at Bovada today?

At 65.5 wins, is that guaranteed money on the UNDER bet? While the Heat was rising, odds for all the other teams in the East were cooling off fast. Boston from 5/1 to 12/1, Cleveland from 6/1 to 60/1 and Orlando from 5/1 to 10/1 (all odds as per Bovada lines on Friday. )

The Bulls had climbed all the way to 15/1 on hopes of achieving what Miami did. Expect their odds to tumble bigtime as Carlos Boozer won't have the impact of a Bosh-James tag-team.

Odds to win 2011 NBA Championship:

Atlanta Hawks 25/1 Boston Celtics 12/1 Charlotte Bobcats 50/1 Chicago Bulls 15/1 Cleveland Cavaliers 60/1 Dallas Mavericks 18/1 Denver Nuggets 18/1 Detroit Pistons 100/1 Golden State Warriors 100/1 Houston Rockets 40/1 Indiana Pacers 100/1 Los Angeles Clippers 100/1 Los Angeles Lakers 11/4 Memphis Grizzlies 50/1 Miami Heat 7/4

[ * Editor note: Miami win total of 65.5 is crazy high at Bovada ]

Milwaukee Bucks 50/1 Minnesota Timberwolves 150/1 New Jersey Nets 150/1 New Orleans Hornets 35/1 New York Knicks 35/1 Oklahoma City Thunder 25/1 Orlando Magic 10/1 Philadelphia 76ers 100/1 Phoenix Suns 35/1 Portland Trailblazers 35/1 Sacramento Kings 150/1 San Antonio Spurs 28/1 Toronto Raptors 150/1 Utah Jazz 30/1 Washington Wizards 50/1