Latest NBA Championship Odds: Pacers Odds Shorten After Taking 2-0 Series Lead

The latest NBA Championship odds are on the move after the Pacers and Warriors pulled off upsets on Tuesday.

Chris Vasile - Publishing Editor at Covers.com
Chris Vasile • Publishing Editor
May 7, 2025 • 13:16 ET • 4 min read
Indiana Pacers guard Tyrese Haliburton (0) drives to the basket.
Photo By - Imagn Images. Indiana Pacers guard Tyrese Haliburton (0) drives to the basket.

They say there's no place like home, but that hasn't been true to start the second round of the NBA Playoffs. 

Road teams — and underdogs — have won each of the first five second-round contests, and because of that, the NBA Championship odds have been bouncing around like a fresh Wilson. 

Join me as I break down the latest NBA odds ahead of Wednesday's two-game slate. 

Latest NBA Championship odds

Team Opening Odds bet365
Celtics Thunder +950 +165
Celtics Celtics +310 +185
Knicks Cavaliers +5000 +1000
Nuggets Nuggets +2000 +1400
Timberwolves Timberwolves +1000 +1600
Warriors Warriors +2500 +1800
Pacers Pacers +1000 +1800
Knicks Knicks +1600 +2500

Odds as of 5-7.

Latest NBA Championship odds movement

Pacers Indiana Pacers (+3300 to +1800)

I don't think I talked to one person who believed in the Indiana Pacers ahead of their Round 2 series vs. the Cavaliers. 

While some would call them "lucky" to win both games on the road, I say they showed resistance and a willingness to compete right to the very end. 

Because of the 2-0 series lead, the Pacers' NBA title odds have shortened quite a bit, moving them from +3300 to +1800. 

With the Celtics and Knicks likely in for a long, gruelling series, Indiana could be the team to watch in the Eastern Conference. 

Knicks Cleveland Cavaliers (+500 to +1000)

The Cleveland Cavaliers are now in full-blown panic mode. 

After dropping Game 1 to the Pacers, the Cavaliers were without three key players in Game 2 — and it showed. They blew a seven-point lead with under a minute left, suffering a brutal loss at home.

While the Cavs have the talent to fight back in this series, their odds of winning the NBA Title have drifted from +500 to +1000 as they hit the road for two games in Indianapolis. 

Timberwolves Minnesota Timberwolves (+1100 to +1400)

The Minnesota Timberwolves looked shaky in their opener against Golden State, but they remain -180 favorites to win the series — a number that could shorten if Steph Curry is limited or misses time.

As for their title odds, a slight drift out to +1400 could present value if you are of the Douglas Farmer tree of believing in your team. 

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Chris Vasile Covers.com
Publishing Editor

Chris Vasile has been in the betting industry for well over a decade honing his craft as a writer, editor and handicapper. A journalism graduate from Conestoga College in Kitchener, Ontario, Chris has contributed betting and non-betting content for online publications such as ProSportsDaily and The Hockey Writers, in addition to Covers. With a keen interest in soccer, Chris has been featured on Covers' 'Before You Bet' and runs his own YouTube channel — Game Day Wagers.

When it comes to daily sports betting, his sportsbook of choice is bet365 for the plethora of markets and great UX. Chris' top sports betting advice is to stick to what you know. Being a jack of all trades and master of none is a quick way to bust the bankroll. Find one or two sports you can devote your time to and trust the process.

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