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NBA Championship Odds 2023-24

The Boston Celtics have established themselves as the class of the NBA in 2023-24, and until proven otherwise, oddsmakers will continue to lean heavily in their favor as it pertains to the race for Larry O'Brien. 

Who Is Favored To Win The 2023-24 NBA Championship?

*updated as of January 29, 2024

TeamOdds
Boston Celtics+310
Denver Nuggets+440
Milwaukee Bucks+500
Los Angeles Clippers+700
Philadelphia 76ers+1100
Phoenix Suns+1200
Minnesota Timberwolves+1800
Oklahoma City Thunder+1900
Los Angeles Lakers+3000
Miami Heat+3400
New York Knicks+3400
Dallas Mavericks +4200
Sacramento Kings+4600
New Orleans Pelicans+5000
Cleveland Cavaliers+6000
Golden State Warriors+6000
Indiana Pacers+6000
Atlanta Hawks+13000
Orlando Magic+13000
Houston Rockets+21000
Chicago Bulls+24000
Utah Jazz+40000
Brooklyn Nets+60000
Toronto Raptors+60000
Memphis Grizzlies+100000

Who is favored to win the 2023-24 nBA Championship??

Best Odds: Los Angeles Clippers, +700

Staying healthy was a bold strategy for the Los Angeles Clippers and we're seeing it pay off in the win-loss column. 

Injuries to Kawhi Leonard and Paul George during pivotal stretches have consistently set the Clippers back, but both superstar wings have only missed a grand total of six games and the team is reaping the benefits of their availability. 

James Harden has also acclimated admirably, finding the perfect balance between scorer and facilitator to compliment Leonard and George as opposed to hindering their play. 

It's the Clippers, of course, and their lack of postseason success will always be in the back of bettor's minds, yet they've never been better equipped to compete for a championship than they are right now. Knock on wood so the injury bug doesn't strike when they least expect it. 

Proceed With Caution: Milwaukee Bucks, +500

A 32-15 record isn't anything to scoff at, yet the road to getting the second seed in the Eastern Conference at this point and time has been littered with potholes and defensive concerns.

Once one of the most feared squads in basketball on the defensive end is now a mere shell. Milwaukee allows 116.3 points per 100 possessions, which is 19th overall in the NBA and a decent slide from the 110.9 points (4th) the team allowed just a season ago. Firing head coach Adrian Griffin to bring aboard Doc Rivers may raise that defensive ceiling once again, but Rivers comes with his own red flags based on his past postseason failures.

Acquiring Damian Lillard at the cost of Jrue Holiday was always going to hurt the Bucks defensively, with the hope being that the offensive prowess Lillard brings to the table would overcome his own defensive shortcomings. That rings true on some occasions, but in the playoffs, defense is the name of the game. Until Milwaukee proves they can stop someone, they'll be a risky play as a true title contender.

Last 10 NBA Championship Winners

NBA Champions (2014-2023)
YearWinning TeamPreseason Odds To Win TitleOpponent In FinalsSeries
2023Denver Nuggets+1800Miami Heat4-1
2022Golden State Warriors+900Boston Celtics4-2
2021Milwaukee Bucks+550Phoenix Suns4-2
2020Los Angeles Lakers+450Miami Heat4-2
2019Toronto Raptors+1850Golden State Warriors4-2
2018Golden State Warriors-187Cleveland Cavaliers4-0
2017Golden State Warriors-128Cleveland Cavaliers4-1
2016Cleveland Cavaliers+280Golden State Warriors4-3
2015Golden State Warriors+2800Cleveland Cavaliers4-2
2014San Antonio Spurs+1200Miami Heat4-1

The Nuggets' first-ever win in 2023 marked the fifth-different champion in as many years, a feat which hadn't been accomplished by the league since 1977-81.

The last team to win consecutive championships was the Golden State Warriors in 2017 and 2018. That capped off a 10-year run in which only five different teams (Warriors, Lakers, Mavericks, Cavaliers, and Spurs) won a title.

NBA Teams With The Most Championships

Franchises with the most NBA Titles
TeamNBA TitlesNBA Finals AppearancesMost Recent NBA Title
Los Angeles Lakers17322020
Boston Celtics17222008
Golden State Warriors7122022
Chicago Bulls661998
San Antonio Spurs562014
Philadelphia 76ers391983
Detroit Pistons372004
Miami Heat362013
New York Knicks281973
Milwaukee Bucks232021

The Lakers and Celtics are tied for most titles, though Boston is far more efficient, winning 17 of 22 Finals appearances – both teams are in an excellent position to compete for the next NBA title, so keep an eye on this rivalry race. The Bulls are the most efficient, sweeping six titles during the 1990s, and the Warriors have the most recent title wins, with four in the last ten years.

NBA Teams That Have Never Appeared In A Finals

Franchises That Have never made it to the finals
TeamNumber Of SeasonsFurthest Finish
Los Angeles Clippers49Western Conference Final (2021)
Charlotte Hornets/Bobcats30Eastern Conference Semifinals (1993, 1998, 2001, 2002)
Minnesota Timberwolves29Western Conference Final (2004)
Vancouver/Memphis Grizzlies23Western Conference Final (2013)
New Orleans Hornets/Pelicans17Western Conference Semifinals (2008, 2018)

What a sad, sad list of teams. If you’re a fan of these squads, apologies in advance — your team (probably) isn’t breaking the curse this year. Never say never though! The Clippers and Pelicans have made exciting runs recently, we’re all rooting for them to make it eventually.

NBA Championship Odds Trends

  • Four of the last five NBA Finals have been decided in six games.
  • In the last 20 years, the Western Conference is 12-8 in NBA Finals.
  • Also over the past 20 years, the #1 seed has won the championship 12 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 1991, the UNDER is 100-79 in championship games.
  • The Warriors are 14-2-2 ATS in NBA Finals games since the start of 2014-15.
  • Since 2010, the top team in the regular season has won the championship four times.

What are NBA Futures?

Futures are long-term bets on an outcome that usually occurs at the end of the regular season, or within the playoffs. Examples include betting on the NBA Finals, the Eastern and Western Conference champions, who will win Most Valuable Player, and the win total of a team during the regular season. In a nutshell, NBA futures betting focuses on the biggest individual and team achievements every year.

Timing is everything with successful futures bets. The sooner you pounce on the action, the bigger the payouts will be if you win the bet. However, you’ll have updated NBA betting lines and relevant news to analyze the longer you wait on a futures wager -- it's ultimately up to you to decide whether or not a futures option has enough potential at its current value!

How to read NBA Championship Odds 

As explained above, the odds for the NBA Championship will fluctuate over the course of the season. The highest odds for any favorites will usually be at the start of the season, dropping as successful performances are shown – even the highest-ranked teams can have odds of 3x or higher before the regular season!

Like any other bet, the higher the odds, the greater your eventual payout will be. You’ll see these odds change after almost every single game, so it’s important to understand how to bet with the goal of grabbing the best value selections. Keep in mind that championship bets will tie up your bankroll until the end of the season, so be sure you have the cash flow to back up these predictions if you want to continue making regular-season wagers.

NBA Division Winner Markets

If betting on the NBA finals is too risky for you, get granular with individual division betting — with a smaller number of teams to concentrate on, it's a great way to dip your toe into futures betting.

Best Bets

If nothing else, we're committed to finding you the best bets for value, week over week. You can review our best bets for the upcoming year below and visit our computer picks to learn how the model is evaluating every matchup.

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