The knockout stage of the 2025 NBA Cup is underway, and after the two nights of quarter-finals action, only four teams remain. The Oklahoma City Thunder continue to hold the shortest odds to win the NBA Cup, currently listed at -220.
Here’s an updated look at where the Thunder and the rest of the remaining contenders stand on the odds board.
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2025 NBA Cup Betting Odds
| Team | Odds |
|---|---|
| Oklahoma City Thunder | -220 |
| New York Knicks | +380 |
| San Antonio Spurs | +700 |
| Orlando Magic | +950 |
Odds as of December 11, 2025 at FanDuel
2025 NBA Cup Semi-Final Matchups
New York Knicks vs. Orlando Magic
| Team | Spread | Money | Total |
|---|---|---|---|
| New York Knicks | -4 (-112) | -180 | O 223.5 (-108) |
| Orlando Magic | +4 (-110) | +152 | U 223.5 (-112) |
Odds as of December 11, 2025 at FanDuel
San Antonio Spurs vs. Los Angeles Lakers
| Team | Spread | Money | Total |
|---|---|---|---|
| San Antonio Spurs | +10 (-110) | +350 | O 225.5 (-110) |
| Oklahoma City Thunder | -10 (-110) | -450 | U 225.5 (-110) |
Odds as of December 11, 2025 at FanDuel
2025 NBA Cup Most Valuable Player Betting Odds
| Team | Team | Odds |
|---|---|---|
| Shai Gilgeous-Alexander | Oklahoma City Thunder | -210 |
| Jalen Brunson | New York Knicks | +500 |
| Desmond Bane | Orlando Magic | +1200 |
| De'Aaron Fox | San Antonio Spurs | +1000 |
| Stephon Castle | San Antonio Spurs | +2000 |
| Karl-Anthony Towns | New York Knicks | +2500 |
| Victor Wembanyama | San Antonio Spurs | +4000 |
| Paolo Banchero | Orlando Magic | +4000 |
Odds as of December 11, 2025 at FanDuel
How does the NBA In-Season Tournament work?
All 30 teams were split into six equal groups — three from the East and three from the West.
Following four group games for each team, eight of the 30 teams advanced to the knockout rounds. The round-robin format now transitions over into a single-elimination tournament with the top seeds battling the lower "wild-card" teams. The knockout-round slate will begin with the quarterfinals played in team markets on Dec. 9 and 10, followed by the semifinals and finals played in Las Vegas on Dec. 13 and Dec. 16, respectively.
All 67 games across both stages of the in-season tournament will count toward the regular-season standings sans the championship game.
What is the prize for winning the NBA in-season tournament?
Players on the champion team will each receive $500,000; runners-up will get $200,000. The players on the two losing teams in the semifinals will each get $100,000, and the players on the four losing teams in the quarterfinals will each get $50,000.
The NBA will also name the Most Valuable Player of the competition and the All-Tournament Team. Selection will be based on the players’ performance in group play and the knockout rounds.
For more information, check out our the complete guide to how the NBA Cup works
