With the regular season now into its third week of action, the WNBA odds to win the championship are starting to take shape behind the two runaway favorites — Las Vegas and New York.
The exposure from Caitlin Clark's arrival and a slew of upsets in the first two weeks are a surefire way to ensure the 2024 WNBA Finals odds get a ton of action.
As bettors see the first real movement of the young season (hello Seattle and Minnesota), let's take a look at the latest WNBA title odds.
2024 WNBA championship odds
| Team |  |
 |
|---|---|---|
 Las Vegas Aces |
+105 | +100 |
 New York Liberty |
+165 | +180 |
 Connecticut Sun |
+1,500 | +1,200 |
 Seattle Storm |
+1,600 | +1,800 |
 Minnesota Lynx |
+2,400 | +3,000 |
 Phoenix Mercury |
+3,000 | +3,500 |
 Dallas Wings |
+3,500 | +3,500 |
 Atlanta Dream |
+4,500 | +5,000 |
 Indiana Fever |
+5,500 | +5,000 |
 Chicago Sky |
+6,000 | +6,000 |
 Washington Mystics |
+10,000 | +15,000 |
 Los Angeles Sparks |
+10,000 | +15,000 |
Odds as of May 27, 2024.
WNBA championship favorites
Las Vegas Aces (+105)
Vegas returned its entire core from 2022's championship squad for the expanded 2023 season and spent the entire season as narrow consensus title favorites over New York.
Despite injuries, Vegas dialed it up a notch in the playoffs, with several All-Stars flanking WNBA MVP odds robbery victim A'ja Wilson, the poise and experience of a defending champ, and the continuity of a roster in sync. They looked sharp in the postseason, rarely letting up.
Wilson eviscerated everything in her path for most of the playoffs, sending a resounding message after her MVP snub, and Vegas', um, "supporting cast" (comprised of multiple MVP candidates) provided plenty of two-way brilliance, especially when reigning Finals MVP Chelsea Gray and defensive stalwart Kiah Stokes went down before Game 4's clincher.
The Aces are the first repeat champs in over two decades and are favored for the three-peat, but will have to do so without legend Candace Parker, who called it a career just before training camp.
An early-season bump in the road hit with Tuesday night's loss to the Mercury, but it should do little to dissuade bettors that this is the league's best team until proven otherwise.
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New York Liberty (+165 to +180)
The Liberty front office sensed they were ready to win a year ago, acquiring 2021 MVP Jonquel Jones for pennies on the dollar from Connecticut, then days later, signing eventual 2023 MVP Breanna Stewart, netting the Liberty two of the league's best players.
It was apparent from the moment Stewart signed that last season's WNBA title odds were a two-team chase, and despite a brief disruption by Connteicut in the semis, that predestined Finals matchup held true, only for the Aces to comfortably prevail, despite key injuries.
The Liberty missed out on rumored free-agency target Nneka Ogwumike, but Stewart's much-assumed re-signing kept New York's core intact for another title run.
They've also hit a bit of a rough patch, dropping two straight after a 4-0 start. A cause for concern is the lack of defensive cohesion, which has seen them give up 90 and 84 points in the losses.
Caitlin Clark WNBA Finals odds
Former Iowa Hawkeyes phenom Caitlin Clark didn't have much downtime after a dramatic loss in the most-hyped women's basketball game ever.
Just a week after the NCAA Tournament's conclusion, Clark was made the No. 1 pick in the WNBA Draft by the Indiana Fever, where she's teaming with 2023 Rookie of the Year Aliyah Boston, among other young talents, to build towards a title chase.
The Fever, who finished last season well off the playoff pace at 13-27, are expected to take a huge leap with Clark now running the show; their WNBA title odds opened in the +2,200 range and had shortened to +2,000 before seeing pushback to the +2,500 range.
But public money ambitiously piling on Clark may have inflated the Fever's prospects, as Indiana's gotten off to a terrible 1-6 start, and while Clark's shown flashes and overall been impressive — especially for a rookie that every team is game-planning for — the Fever certainly haven't come out blazing as many had expected.
Their odds have thus plummeted to the +5,000 to +5,500 range; twice as long as they were before the season tipped off.
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Understanding WNBA championship odds
Sportsbooks will post odds for the WNBA Finals shortly after the previous season's conclusion. These odds are constantly adjusted throughout the offseason as players switch teams or are injured. Once the regular season begins (May), title odds will change daily as teams win and lose games and more roster changes occur. Sportsbooks will also adjust the WNBA odds based on handle and liability to certain teams.
WNBA Championship odds will usually look like this:
- Phoenix Mercury +300
This means that on a $100 bet, you'll stand to win $300 if the Mercury win the WNBA title. If it's close to the end of the season and the WNBA has a particularly dominant team, you might see a minus sign (-) ahead of its odds.
- Chicago Sky -380
This means you have to bet $380 to win $100 on a Sky championship.
Above we have posted the American odds for the WNBA championship. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool. And don't forget to check out our WNBA forum if you're interested in chatting with other basketball bettors about WNBA odds.
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WNBA Championship odds trends
Here are some trends to keep in mind when betting on WNBA championship futures:
- The Western Conference has won eight of the past 10 WNBA championships, and three of the past four.
- The No. 1 overall seed has gone on to win the title in seven of the past 10 seasons.
- The Houston Comets, Seattle Storm, and Minnesota Lynx are tied for most all-time WNBA Championships with four apiece.
- The Aces' 2023 win was the first time a team had repeated as WNBA champs since the Los Angeles Sparks in 2002.
Past WNBA Finals winners
| Season | WNBA Finals winner | Runner up |
|---|---|---|
| 2023 | Las Vegas Aces |
New York Liberty |
| 2022 | Las Vegas Aces |
Connecticut Sun |
| 2021 | Chicago Sky |
Phoenix Mercury |
| 2020 | Seattle Storm |
Las Vegas Aces |
| 2019 | Washington Mystics |
Connecticut Sun |
| 2018 | Seattle Storm |
Minnesota Lynx |
| 2017 | Minnesota Lynx |
Los Angeles Sparks |
| 2016 | Los Angeles Sparks |
Minnesota Lynx |
| 2015 | Minnesota Lynx |
Indiana Fever |
| 2014 | Phoenix Mercury |
Chicago Sky |
Teams with the most WNBA Championships
Minnesota, Houston, and Seattle are tied atop the all-time WNBA Championship tally with four apiece, while three more teams follow closely with three each.
Despite their early dominance, the Comets folded during the 2008 recession and were disbanded when the league was unable to find new ownership.
| Team | WNBA Championships | WNBA Finals appearances |
|---|---|---|
| Minnesota Lynx | 4 | 6 |
| Houston Comets | 4 | 4 |
| Seattle Storm | 4 | 4 |
| Los Angeles Sparks | 3 | 5 |
| Detroit Shock (Dallas Wings) | 3 | 4 |
| Phoenix Mercury | 3 | 4 |
| Las Vegas Aces | 2 | 4 |
WNBA playoff format
The WNBA playoffs feature the top eight teams based on regular season performance. The playoff format consists of three rounds: the first round, the semifinals, and the WNBA Finals.
First Round: In the first round, the No. 1 seed hosts the No. 8 seed, the No. 2 seed hosts the No. 7 seed, the No. 3 seed hosts the No. 6 seed, and the No. 4 seed hosts the No. 5 seed. These matchups are best-of-three series, meaning a team must win two games to advance to the next round. The losing team is eliminated from the playoffs.
Semifinals: The semifinals feature a best-of-five series, with the No. 1 seed facing the lowest remaining seed from the first round (either No. 5, No. 7, or No. 8), and the No. 2 seed playing against the other team remaining (either No. 6 or the higher-seeded team from the first round). The teams compete in a best-of-five series, and the first team to win three games advances to the WNBA Finals.
WNBA Finals: The two remaining teams face each other in the WNBA Finals. This is also a best-of-five series, following a similar format as the semifinals. The team with the better regular season record has home-court advantage, hosting Games 1, 2, and 5 (if necessary), while the other team hosts Games 3 and 4 (if necessary).
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WNBA Championship Odds FAQ
The Las Vegas Aces won the 2023 WNBA championship.
The 2024 WNBA schedule has yet to be released, but the Finals typically begin in early-mid September.
The Houston Comets, Minnesota Lynx and Seattle Storm have all won four titles, most all-time.
