2026 NBA Cup Odds: Nuggets Favored, Thunder No. 2 as Season Begins

Jon Metler - Betting Analyst at Covers.com
Jon Metler • Betting Analyst 5+ years betting experience
Updated: Oct 21, 2026 , 02:41 PM ET • 4 min read

The market has made the Nuggets and Thunder the early favorites to win the 2026 NBA Cup.

NBA Cup odds. Nikola Jokic Denver Nuggets NBA
Photo By - Reuters Connect. Custom image of Nikola Jokic of the Denver Nuggets.

The Denver Nuggets have emerged as the leaders in the 2026 NBA Cup odds on Polymarket, one of our top prediction market apps.

Denver tops the board at 41%, just ahead of the Oklahoma City Thunder (38%), while the Detroit Pistons (29%) round out the top three.

With the new NBA season officially underway, we're breaking down the latest Emirates NBA Cup odds, tournament schedule, and group-stage matchups to watch.

2026 NBA Cup odds

For help understanding probabilities, see our odds calculator.

Team Polymarket
Probability
Nuggets Nuggets 41%
Thunder Thunder 38%
Pistons Pistons 29%
Lakers Lakers 14%
Clippers Clippers 15%
76ers 76ers 15%
Spurs Spurs 15%
Knicks Knicks 14%
Celtics Celtics 13%
Warriors Warriors 12%
Raptors Raptors 12%

Odds last updated on 10-21. Odds from Polymarket. Use our Polymarket promo code (COVERS) for a $25 trading bonus when you deposit at least $10 as a new user.

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2026 NBA Cup favorite

Nuggets Denver Nuggets (41%)

Denver leads the NBA Cup market at 41%, edging OKC for the top spot. The Nuggets will compete in West Group A alongside Houston, Phoenix, Dallas, and Utah.

Denver's biggest advantage is Nikola Jokic, whose combination of elite scoring, rebounding, and playmaking makes the Nuggets one of the toughest teams in the NBA to defend. With the former MVP orchestrating the offense and capable of taking over games himself, Denver has the superstar talent to navigate group play and make a deep tournament run.

2026 NBA Cup prediction

Thunder Oklahoma City Thunder (38%)

The Thunder showed why they're among the NBA Cup favorites with a convincing 116-104 victory over the Spurs in their season-opening clash.

With Shai Gilgeous-Alexander leading the offense, Chet Holmgren anchoring the defense, and one of the league's deepest supporting casts, OKC has all the pieces to finally break through and snag an NBA Cup trophy.

NBA Cup groups

The league's 30 teams will all compete in randomly drawn groups for the opening round, divided by conference, as listed below: 

East Group A East Group B East Group C
Pistons DET
(0-0)
Knicks NYK
(0-0)
Celtics BOS
(0-0)
Raptors TOR
(0-0)
Cavaliers CLE
(0-0)
Hawks ATL
(0-0)
Magic ORL
(0-0)
76ers PHI
(0-0)
Hornets CHA
(0-0)
Bucks MIL
(0-0)
Heat MIA
(0-0)
Bulls CHI
(0-0)
Nets BKN
(0-0)
Pacers IND
(0-0)
Wizards WAS
(0-0)

West Group A West Group B West Group C
Nuggets DEN
(0-0)
Thunder OKC
(0-0)
Spurs SAS
(0-0)
Rockets HOU
(0-0)
Timberwolves MIN
(0-0)
Lakers LAL
(0-0)
Suns PHO
(0-0)
Clippers LAC
(0-0)
Blazers POR
(0-0)
Hoffenheim DAL
(0-0)
Pelicans NOP
(0-0)
Warriors GSW
(0-0)
Jazz UTAH
(0-0)
Grizzlies MEM
(0-0)
Kings SAC
(0-0)

🥇: Group winner
🥈: Wild Card

NBA Cup explained

Group Play

Each team will begin the tournament in one of six groups, divided by conference and randomly drawn from tiers based on the previous season's record, to ensure relative competitive balance.

Within each group, all teams will play regular-season games against each other on designated Tournament Nights from October 30 to November 27: Every Friday and also Tuesday, Nov. 24, and Wednesday, Nov. 25.

The records in those games determine who advances to the Knockout Round.

Knockout Round

The Knockout Round is comprised of eight teams, which begins on December 4-5:

  • The winners of each of the six groups
  • A wild-card team from each conference (the second-place team with the best record)

The Knockout Round is a single-elimination bracket. Teams in each conference with the best record will get home-court advantage in these matchups.

The semifinals and finals take place at Hinkle Fieldhouse on December 8 and 11, with the winner of each conference facing off for the NBA Cup.

Teams that make the knockout round will be awarded portions of an as-of-yet undisclosed prize pool, increasing the further they make it. A Tournament MVP and All-Tournament Team will also be awarded after play has concluded.


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Jon Metler
Betting Analyst

Having played, coached, and officiated basketball, Jon naturally turned his focus to the NBA when he entered the sports betting world. With over 15 years of experience, he specializes in spreads, moneylines, and player props—always chasing value through sharp market analysis. A firm believer in analytics, Jon trusts the numbers to guide his bets. He monitors NBA betting markets 365 days a year and uses 10-plus sportsbooks to find the best prices. If there are NBA games on, Jon’s up early, caffeinated, and already placing his favorite bets.

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