The NBA Championship odds are front-and-center yet again after the NBA released the schedule for the restart of the 2019-20 season.
The league previously rolled out a 22-team plan to resume play at Disney’s ESPN Wild World of Sports complex in Orlando, Florida, prompting sportsbooks to trim their NBA title odds to those qualifying teams: 13 from the Western Conference and nine from the East.
The league has been on hiatus since pulling players off the floor on March 11 due to the COVID-19 pandemic, but now that the completion of the season is in sight, let's revisit some NBA futures odds.
Who is the favorite to win the NBA championship?
Since details of the restart plan were released, the 2020 NBA Championship odds set the Milwaukee Bucks as +240 favorites to win the NBA Finals. That hasn't changed, as Milwaukee still holds the same top spot and odds as before. Prior to the restart plan, the Bucks were the second overall favorite at +275.
The Los Angeles Lakers, who were as low as +190 to win the NBA title in mid-May, remain the second choice at the sportsbook, priced at +260 odds to win the 2020 NBA Finals.
The Los Angeles Clippers are the only other team with NBA Finals odds below 10/1, set at +320 in the NBA futures.
The only major shift in the updated odds was the Jazz dropping from +3,300 to +3,800, likely due to the fact that they will now be without second-leading scorer Bojan Bogdanovic, who underwent wrist surgery in late May.
2020 NBA championship odds
|Team||Odds to win NBA Championship|
|Los Angeles Lakers||+260|
|Los Angeles Clippers||+320|
|Oklahoma City Thunder||+10,000|
|New Orleans Pelicans||+12,000|
|Portland Trail Blazers||+16,000|
|San Antonio Spurs||+21,000|
Odds courtesy of FanDuel
Understanding NBA Championship odds
Sportsbooks will post NBA finals odds as early as the summer before the season starts. These NBA futures are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the regular season begins, NBA finals odds will change daily as teams win and lose games and as more players get hurt, suspended or traded. Sportsbooks will also adjust the NBA title odds based on handle and liability to certain teams.
NBA Championship odds will usually look like this:
- Milwaukee Bucks +240
This means that on a $100 bet, you'll stand to win $240 if the Bucks win the NBA title. If it's close to the end of the regular season or even during the playoffs and the NBA has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds.
- Golden State Warriors -150
This means that if you bet on the Golden State Warriors during the 2018-2019 NBA season you would have needed to bet $150 to profit $100 if the Warriors won the championship.
Above we have posted the American odds for the NBA championship. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
How to bet NBA Finals Odds
There are many strategies to consider when making a NBA futures bet on which team will win the championship. Obviously, you're looking to bet on who you think can navigate through the NBA playoffs and come out on top. So just because a team is in first place at the NBA All-Star break, it doesn't mean that's the best roster to win in May and June.
One thing to consider is the conference the teams play in because a team needs to win its conference before it can win the NBA title. Looking at the 2019-20 odds above, it is clear that oddsmakers believe the Western Conference is the more difficult conference to win.
Also, consider how an injury may affect a futures bet. The Milwaukee Bucks are a heavy favorite to win the Eastern Conference and a short favorite to win the NBA title. But what happens if Giannis gets hurt? If that happens, a futures bet on teams like the Raptors, 76ers and Celtics all have tremendous value.
Another thing to consider is strength of schedule and even load management. Maybe a team is undervalued in the futures market because it has played the more difficult portion of its schedule early on. Or perhaps a team has more losses than it should because it has been sitting its best player on the second half of back-to-back games all season.
Where can I bet on NBA championship odds?
With the 2019-2020 season still officially on hiatus, not every online sportsbook and casino has NBA Title odds posted. Check out the top sportsbooks in your region and see what they are offering for NBA futures odds.