The Los Angeles Lakers hit rock bottom with a 100-94 loss to the Cleveland Cavaliers Tuesday, dropping them four games below .500 for the first time since 2005. But don’t expect the Lakers’ NBA futures odds to get dragged down with them.
Los Angeles, which made waves by adding Steve Nash and Dwight Howard this summer, has started the NBA season 9-13 SU (9-13 ATS) and has just three wins in its last 10 games but remains among the favorites to win the NBA Championship.
The Lakers opened at +300 to win the title and were bet down to +275 at the start of the season. Since then, oddsmakers have adjusted that price to +650, behind Miami (+190), Oklahoma City (+350) and San Antonio (+600).
“When looking at a 9-13 team, (the price) seems very low. But I do believe they will get better,” Aron Black of bet365.com told Covers. “I do believe that we won’t know what team they are until Nash (out with a leg injury since the second game) returns and everyone needs to be a bit prohibitive still, until we see Nash run the offense there.”
Black says the Lakers were the second-most popular futures bet this offseason, behind the defending champion Heat, but that attraction has dried up. The same is happening with their day-to-day spreads, thanks to their season-opening skid scaring off the betting public.
As for Los Angeles’ Western Conference futures, the emergence of some young teams and the consistency of others has dropped L.A. from +140 to +350 to win the conference crown. Black says the Lakers could be chasing the Thunder, Spurs and possibly the Clippers and Grizzlies all season if things don’t turn around soon.
“Time will tell. But for now, the Lakers project is stuttering to say the least,” says Black. “As we know, it’s a long season and it looks like it will be around Christmas when they get Nash back. Almost four full months to figure it out is quite a long time.”
Los Angeles continues its current four-game road trip with stop No. 2 in Madison Square Garden to play the New York Knicks Thursday.