The reigning NBA champion Oklahoma City Thunder continue to be the heavy betting favorites to hoist the Larry O'Brien trophy once again in 2026, with the Denver Nuggets the only other team with greater than 10-to-1 odds as of writing.
Here's an updated look at where all teams currently sit in the title odds race.
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2026 NBA Finals odds
| Teams | Odds |
|---|---|
| Oklahoma City Thunder | +105 |
| Denver Nuggets | +600 |
| Detroit Pistons | +1400 |
| San Antonio Spurs | +1500 |
| New York Knicks | +1600 |
| Boston Celtics | +1700 |
| Houston Rockets | +1700 |
| Cleveland Cavaliers | +2000 |
| LA Lakers | +4000 |
| Minnesota Timberwolves | +4000 |
Odds as of January 29th, 2026 14:51pm EST. |
2026 NBA Finals Odds Favorites: Oklahoma City Thunder
Capturing consecutive championships isn't guaranteed in this era of parity. Seven unique champions in seven years has never been done before in the history of the league, but Oklahoma City's win carries forth that miraculous streak. With an average age of 25.33 prior to the start of the campaign, the Thunder are the second-youngest champions ever, but as we've seen with past winners, going back-to-back is easier said than done. No team to have won a title since 2018 managed to advance beyond the second round the following year. Oklahoma City has all of the pieces in place to buck the trend, at the very least. Whether or not it can remains to be seen.
They're currently 37-8 through 45 games, with a sizeable lead over the San Antonio Spurs for the top seed in the Western Conference. No one on the roster has played every single game, and regular starters Jalen Williams and Isaiah Hartenstein have both missed more than 20.
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What Impacts NBA Finals Odds?
- Winning and losing streaks
- Injuries to key players
- Seeding in the standings
- Win-loss records against specific opponents
- Postseason success
How To Bet On NBA Futures
An NBA futures bet tends to revolve around the outcomes of both the regular season and playoffs as opposed to specific games the day of.
Here are some examples of some of the more popular futures bets:
- Which team will win the NBA Championship?
- Which player will win the Most Valuable Player award?
- Will Team X qualify for the NBA playoffs?
Last 10 NBA Finals Winners
| Year | Winning Team | Preseason Odds To Win Title | Opponent In Finals | Series |
|---|---|---|---|---|
| 2025 | Oklahoma City Thunder | +500 | Indiana Pacers | 4-3 |
| 2024 | Boston Celtics | +350 | Dallas Mavericks | 4-1 |
| 2023 | Denver Nuggets | +1800 | Miami Heat | 4-1 |
| 2022 | Golden State Warriors | +900 | Boston Celtics | 4-2 |
| 2021 | Milwaukee Bucks | +550 | Phoenix Suns | 4-2 |
| 2020 | Los Angeles Lakers | +450 | Miami Heat | 4-2 |
| 2019 | Toronto Raptors | +1850 | Golden State Warriors | 4-2 |
| 2018 | Golden State Warriors | -187 | Cleveland Cavaliers | 4-0 |
| 2017 | Golden State Warriors | -128 | Cleveland Cavaliers | 4-1 |
| 2016 | Cleveland Cavaliers | +280 | Golden State Warriors | 4-3 |
NBA Teams With The Most Championships
| Team | NBA Titles | NBA Finals Appearances | Most Recent NBA Title |
|---|---|---|---|
| Boston Celtics | 18 | 23 | 2024 |
| Los Angeles Lakers | 17 | 32 | 2020 |
| Golden State Warriors | 7 | 12 | 2022 |
| Chicago Bulls | 6 | 6 | 1998 |
| San Antonio Spurs | 5 | 6 | 2014 |
| Philadelphia 76ers | 3 | 9 | 1983 |
| Detroit Pistons | 3 | 7 | 2004 |
| Miami Heat | 3 | 6 | 2013 |
| New York Knicks | 2 | 8 | 1973 |
| Milwaukee Bucks | 2 | 3 | 2021 |
NBA Teams That Have Never Appeared In A Finals
| Team | Number Of Seasons | Furthest Finish |
|---|---|---|
| Los Angeles Clippers | 49 | Western Conference Final (2021) |
| Charlotte Hornets/Bobcats | 30 | Eastern Conference Semifinals (1993, 1998, 2001, 2002) |
| Minnesota Timberwolves | 29 | Western Conference Final (2004) |
| Vancouver/Memphis Grizzlies | 23 | Western Conference Final (2013) |
| New Orleans Hornets/Pelicans | 17 | Western Conference Semifinals (2008, 2018) |
NBA Finals Odds Trends
- Four of the last seven NBA Finals have been decided in six games.
- In the last 22 years, the Western Conference is 13-9 in NBA Finals.
- Also over the past 21 years, the No. 1 seed has won the championship 14 times. Those are solid odds.
- The lowest-seeded team to win the NBA Finals in recent history was the sixth-seed 1995 Houston Rockets.
- Since 2010, the top team in the regular season has won the championship six times.
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Gambling Problem? Call 1-800-GAMBLER.
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