2026 NBA Championship Odds: Thunder Favored to Run it Back

The NBA news cycle was humming on Sunday. The Thunder won the NBA Championship over the Pacers and are drawing the shortest odds in 2026. Meanwhile, the Suns traded Kevin Durant to the Rockets, as those teams move in opposite trajectories.

Jason Logan: Senior Betting Analyst at Covers
Jason Logan • Senior Betting Analyst
Jun 23, 2025 • 09:21 ET • 5 min read
OKC Thunder NBA SGA
Photo By - Imagn Images. Oklahoma City Thunder guard Shai Gilgeous-Alexander makes a heart gesture after winning the NBA Championship vs. the Pacers.

The Oklahoma City Thunder prevailed over the Indiana Pacers in Game 7 of the NBA Finals to win their first championship since the franchise relocated from Seattle.

Shai Gilgeous-Alexander & Co. are immediately expected to run it back next year with the shortest NBA odds on the board.

🏆 2026 NBA Championship odds

NBA Championship odds analysis

The Oklahoma City Thunder faced a greater challenge than some expected as the Indiana Pacers pushed them to a full seven games. We'll never know if Tyrese Haliburton could have willed the Pacers to a magical win, though, as the star PG was unfortunately forced to leave the game with a torn Achilles in the first quarter after scoring nine points.

Haliburton was playing hobbled throughout the series, but gutted it out until the worst happened.

While bet365 has the Pacers listed at +1100, likely on the back of their magical run, books like DraftKings (+3500) and FanDuel (+4500) are far more conservative with Haliburton's immediate future up in the air.

Game 7 wasn't the only NBA buzz in the air on Sunday, though, as the Phoenix Suns traded star forward Kevin Durant to the Houston Rockets hours before tip.

The Rockets are now listed second among Western Conference teams between +750 and +1000. Meanwhile, the Suns — fresh off a disappointing campaign as the KD-Devin Booker-Bradley Beal experiment went awry — are listed as high as +50000, among the least likely teams to win the title.

📈 2025 NBA Finals odds over time

Here's a visual representation of how the NBA championship odds evolved over the course of the 2024-25 season until Game 7 of the NBA Finals.

💰 Sportsbook betting splits and insights

Highest ticket percentage:
•    Thunder 13.8%
•    Pacers 13.3%
•    Lakers 11.1%
 
Highest handle percentage:
•    Lakers 19.8%
•    Warriors 14.8%
•    Knicks 12.7%

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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

NBA Championship Odds FAQs

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Jason Logan Senior Industry Analyst Covers.com
Senior Betting Analyst

In his 20 years with Covers, lead NFL betting analyst; has seen it all and bet it all. Through the wild west of early Internet gambling to lobbying for legalized sports betting to our brave new wagering world, Jason has been a consistent source of actionable info and entertainment for squares and sharps alike. Since joining the Covers team back in 2005, he honed his handicapping skills to provide audiences with the most thorough insights, blending traditional capping methods with advanced modelling and predictive analysis. Jason has studied the ins and outs of the sports betting business, learning from some of the most successful gamblers in the industry and the biggest sportsbook operators on the planet. He is under center for Covers during NFL season as our top NFL expert, taking the points in his infamous NFL Underdogs column and representing the Covers Community at the Super Bowl. While he lives for football season, Jasons first love is basketball and that shows in his in-depth NBA, NCAA, and WNBA betting breakdowns. On top of being a mainstay in media from coast to coast; WPIX, PHL17, Fox 5 San Diego, WGNO, TSN, SportsNet, ESPN Radio; he had his analysis featured in USA Today, MSNBC, ESPN, the Wall Street Journal, CBS, Bloomberg, the L.A. Times, the New York Times and other major publications. You can also find JLo stuffing all the top picks and predictions he can into 10 minutes as the host of Covers; flagship podcast, The Sharp 600. His best advice for bettors new and old is; Handicapping isn't a one size fits all process. The impact and importance of information varies from bet to bet. Treat each wager different than the last.

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