NBA Teams Odds
NBA team odds are what you’ll be looking for when you are betting on futures and moneylines, mainly. Though they are also key in many other types of bets that we will detail below. Understanding these odds is key to NBA betting in general.
In this guide, we will cover the odds of NBA teams making the playoffs, where you can place the best bets, and the different favorites to win the NBA Championship. To start, it is a good idea to sign up at at least two of the following sportsbooks, so you can compare the different odds for the NBA teams and make sure you are getting the best deal:
Odds of NBA Teams Winning the Championship
The odds of NBA teams winning the Championship are the most common type of bet in this category you will see. This is a type of futures type, because it is for a big game, normally quite some time in the future. If it is for a normal or exhibition game, it is a moneyline bet.
These lines are likely to shift as the tournament gets closer and then progresses. Expect injuries, big upsets, or surprising eliminations to have big effects on these lines.
This is the first tip when making this futures bet. The NBA teams’ odds of winning the Championship will change so much and so often, that it is important to check back in often. You can also set an internal alert. So that whenever a team’s odds drop below a certain threshold, that is when you place your bet.
The long trajectory of betting on the NBA Championship odds opens up plenty of betting opportunities throughout the year.
Another important tip is to look beyond your favorite team. So often sports fans have their eyes set with a laser focus on their favorite team. It can be a lot of fun to bet on our favorite team. The layers of excitement are what we are looking for, after all.
However, it also comes with its own set of challenges. We can sometimes see our teams’ odds through rose-tinted glasses. So we can overestimate their chances of winning. We start, then, to make bets with our hearts, not with our heads. This is always a danger.
The odds for the 2024 NBA Championship are already available. The odds were last updated on October 3, 2023.
| Event |  |
| Boston Celtics | - |
| Milwaukee Bucks | - |
| Denver Nuggets | - |
| Phoenix Suns | - |
| Golden State Warriors | - |
| Los Angeles Lakers | - |
| Philadelphia 76ers | - |
| Los Angeles Clippers | - |
| Cleveland Cavaliers | - |
| Miami Heat | - |
| Dallas Mavericks | - |
| Memphis Grizzlies | - |
| New Orleans Pelicans | - |
| Sacramento Kings | - |
| New York Knicks | - |
Favorites to Win the NBA Championship
It is a good idea to bet on and follow especially closely the odds for the NBA teams that are the favorites to win the NBA Championship. While you are free to bet on any team, and sometimes betting on the underdogs can have its strategic advantage. However, when you are betting on the sixth most likely team to win, you might be throwing money down the drain before the game gets even close.
Los Angeles Lakers
The Los Angeles Lakers always have great odds to win the NBA Championship. This team’s odds are always some of the best. This year is no exception. Keep an eye out for these perennial champions. Along with the Boston Celtics, the Lakers have won more championships than any other NBA team. Read more about the legendary LA Lakers odds.
Utah Jazz
The Utah Jazz is a favorite for bettors. They have many passionate fans and many successful streaks in the past. While they are within the top-tier, their odds are quite long this year for winning the Finals. This team used to be in New Orleans, where their name made a lot more sense to the local culture. Read more about the Utah Jazz betting odds here.
Milwaukee Bucks
This NBA team is in the Eastern Conference and the Central Division. Their odds are at the very top, due to bringing in Damian Lillard this summer. This is exactly the NBA team’s odds you should keep an eye on because they offer really good value. Read about the Bucks betting odds.
Boston Celtics
The Boston Celtic compete in the NBA’s Eastern Conference Atlantic Division. They have been one of the most successful NBA teams ever. They have won 17 Championships, but their current odds reflect their current roster, more than their history.
Miami Heat
The Miami Heat competes in Eastern Conference Southeast Division. They are not within the favorites, but they are well-loved by bettors. Perhaps it makes more sense to bet that the Miami Heat will or won’t make the playoffs based on their odds.
Types of Odds for NBA Team Bets
In addition to betting on odds for NBA teams to win the Championship, there are plenty of NBA team bets. You can also bet on an NBA teams’ odds to make the playoffs. Conversely, you can take a more negative bet and wager that a team will not make the playoffs. Of course, the closer the call, the bigger the reward.
NBA teams’ odds are also relevant for simple moneyline bets. There are plenty of betting opportunities that are based on team odds. In fact, almost every bet besides props will be based on NBA teams’ odds to win or to win by a certain amount of points.
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