For the first time in 53 years, the New York Knicks are NBA Champions.
And with the confetti still hitting Jalen Brunson's shoulders after a 45-point effort in Game 5, our attention is already shifting to next year's NBA championship odds, where the Knicks are listed at +650 to defend this year's title.
Above them on the NBA odds board are the San Antonio Spurs and Oklahoma City Thunder at shorter than 3/1 and the Boston Celtics at +550. Check out the full list of odds below.
🏆 Latest 2027 NBA Championship odds
| Team |  |
|---|---|
 Spurs |
+250 |
 Thunder |
+260 |
 Celtics |
+550 |
 Knicks |
+650 |
 Pacers |
+2800 |
 Nuggets |
+2800 |
 Cavaliers |
+3000 |
 Pistons |
+3000 |
 Lakers |
+3000 |
 Timberwolves |
+3000 |
 Heat |
+4000 |
 Warriors |
+4500 |
Odds updated as of 6-14, courtesy of bet365, one of our best betting sites. Sign up with our bet365 promo code, or get one of our other sportsbook promos.
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Despite falling short in dramatic fashion in the NBA Finals, the Spurs had double-digit leads in four of the five games and looked dominant for large stretches of the series. With Victor Wembanyama and the rest of the young core taking another step, it's not that shocking to see San Antonio atop the 2026/27 odds board at +250.
Right behind them are the OKC Thunder (+260), who fell to the Spurs in the Western Conference Finals. The East is expected to run through the Celtics (+550) and Knicks (+650) in 2026, with the Pacers fifth on the board at 28/1 thanks to a returning healthy Tyrese Haliburton.
The Nuggets are the last team shorter than 30/1 before a flurry of dark-horse contenders such as the Pistons, Lakers, Cavaliers, and Timberwolves.
NBA Championship trends
- Since the Warriors' 2018 repeat, the NBA has seen eight different champions in eight years. This is the longest such streak since the late 1970s.
- 23 of the last 26 champions ranked in the Top 10 in Defensive Rating during the regular season.
- 24 of the last 26 champions were Top 5 in either Offensive or Defensive efficiency.
- Since 2019, nearly every champion has been led by a non-U.S. superstar or a team built on international depth.
🏀 NBA Finals winners since 2000
| Year | Team | Opening Odds |
| 2026 | New York Knicks |
+700 |
| 2025 |  Oklahoma City Thunder |
+950 |
| 2024 |  Boston Celtics |
+550 |
| 2023 |  Denver Nuggets |
+1400 |
| 2022 | Golden State Warriors |
+1200 |
| 2021 |  Milwaukee Bucks |
+500 |
| 2020 |  Los Angeles Lakers |
+1800 |
| 2019 |  Toronto Raptors |
+6600 |
| 2018 | Golden State Warriors |
-168 |
| 2017 | Golden State Warriors |
+215 |
| 2016 | Cleveland Cavaliers |
+300 |
| 2015 | Golden State Warriors |
+2500 |
| 2014 | San Antonio Spurs |
+1000 |
| 2013 | Miami Heat |
+250 |
| 2012 | Miami Heat |
+225 |
| 2011 |  Dallas Mavericks |
+3000 |
| 2010 | Los Angeles Lakers |
+250 |
| 2009 | Los Angeles Lakers |
+350 |
| 2008 | Boston Celtics |
+1000 |
| 2007 | San Antonio Spurs |
+450 |
| 2006 | Miami Heat |
+350 |
| 2005 | San Antonio Spurs |
+400 |
| 2004 |  Detroit Pistons |
+1500 |
| 2003 | San Antonio Spurs |
+1100 |
| 2002 | Los Angeles Lakers |
+200 |
| 2001 | Los Angeles Lakers |
+180 |
| 2000 | Los Angeles Lakers |
+400 |
Odds courtesy of Sports Odds History.
NBA Championship Odds FAQs
The San Antonio Spurs (+250) are the favorites to win the 2027 NBA Championship.
The New York Knicks won the 2026 NBA title, defeating the Spurs 4-1 in the NBA Finals.
NBA Championship odds above are in American format, meaning a $100 bet at odds of +250 would profit $250 if it wins.
Oddsmakers at sportsbooks create odds to win the NBA Championship based on the team's implied probability to win the title. The team with the lowest odds has the best chance to win the NBA Championship.
The Los Angeles Lakers are currently +3000 to win the 2027 NBA title.
Odds typically update in real time based on playoff outcomes, injuries, and market movement.
Most legal sportsbooks offer NBA Finals futures, including bet365, FanDuel, BetMGM, Caesars, and DraftKings.
