2026 NBA Championship Odds: Thunder Separating from the Pack Heading into New Year

No team has been better to start the season than the defending champion Thunder, who sit atop the standings with an astounding +16.1 point differential.

Ryan Murphy - Managing Editor at Covers.com
Ryan Murphy • Managing Editor
Dec 22, 2025 • 13:18 ET • 5 min read
Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) goes up for a basket beside Los Angeles Clippers forward Kawhi Leonard (2).
Photo By - Imagn Images. Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) goes up for a basket beside Los Angeles Clippers forward Kawhi Leonard (2).

It's amazing what a 25-3 start can do for the perception of a team.

The conversation around the Oklahoma City Thunder has shifted over the past few weeks from whether OKC is the best team in the NBA to whether they may just be the best team of all time.

There's no arguing the fact that the Thunder's 16.1 net rating is the best in league history, and the defending champs have as much skill, depth, and defensive grit as any dynastic team in recent memory. It's no wonder then that their +135 odds to win the NBA Championship are far and away the shortest in the Association.

Let's dive into the latest odds as the Thunder continue to separate themselves from the rest of the pack.

🏆 2026 NBA Championship odds

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📈 2026 NBA Finals odds over time

Here's a visual representation of how the NBA championship has odds evolved since June 2025.

💰 Sportsbook betting splits and insights

Highest ticket percentage
•    Nuggets 8.8%
•    Thunder 8.7%
•    Mavericks 8.2%
 
Highest handle percentage
•    Thunder 17.9%
•    Mavericks 16.3%
•    Lakers 13.3%
 
Biggest liability
•    Mavericks 
•    Lakers
•    Warriors 

Data courtesy of BetMGM.

2026 NBA Championship opening odds

  • Thunder +230
  • Knicks +900
  • Pacers +900
  • Timberwolves +1000
  • Cavaliers +1100
  • Rockets +1200
  • Lakers +1600
  • Spurs +1600
  • Nuggets +1700
  • Celtics +2000
  • Warriors +2300
  • Magic +2500
  • Mavericks +4000
  • Clippers +4000
  • 76ers +4500
  • Heat +5000
  • Pistons +7000
  • Bucks +7500
  • Grizzlies +10000
  • Raptors +15000
  • Suns +17000
  • Kings +20000
  • Pelicans +20000
  • Nets +25000
  • Hawks +30000
  • Bulls +40000
  • Trail Blazers +40000
  • Wizards +60000
  • Hornets +60000
  • Jazz +60000

🤖 AI NBA Championship prediction

We turned to the enormous computing power of ChatGPT to find out who the large language model believes will be the last team standing this season. Not surprisingly, it stuck with the defending champs.

Oklahoma City has the cleanest runway to be the best team in 2026: an MVP-caliber engine in Shai Gilgeous-Alexander entering the heart of his prime, a two-way star wing in Jalen Williams, and a 7-footer in Chet Holmgren whose blend of rim protection, spacing, and feel supercharges modern schemes. That trio already drives elite half-court efficiency and a top-tier defense, and it’s backed by organizational continuity that reliably turns role players into playoff-useful pieces. By 2026, Holmgren’s strength and timing should be fully NBA-hardened, unlocking more switching and fewer help-and-recover compromises, while SGA’s mid-range and foul-drawing remain matchup-proof in May and June.

Depth and optionality push the Thunder over the top. They can win big or small, play five-out without sacrificing rim protection, and toggle between pressure defense and conservative coverages depending on opponent. Crucially, they still have surplus picks and cap flexibility to plug the inevitable holes that show up in a long postseason, whether that’s a second unit scorer, another stretch big, or a specialist wing.

Expect a rotation stacked with plus length, shooting, and decision-making around the core; enough to outlast the West’s heavyweights and finish the job in the Finals.

NBA Championship Odds FAQs

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Ryan Murphy Managing Editor at Covers
Managing Editor

Ryan Murphy began his love affair with sports journalism at the age of nine when he wrote his first article about his little league baseball team. He has since authored his own weekly column for Fox Sports and has been a trusted voice within the sports betting industry for the past eight years with stops at XL Media and Churchill Downs. He’s been proud to serve as Managing Editor at Covers since 2022.

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