2026 NBA Championship Odds: Thunder Heavily Favored Following Hot Start

Plenty of headlines were made during NBA free agency, and while we saw some roster shakeups, it's still the Thunder who top the NBA Championship odds board.

Ryan Murphy - Managing Editor at Covers.com
Ryan Murphy • Managing Editor
Oct 27, 2025 • 17:58 ET • 5 min read
Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) dribbles as Memphis Grizzlies guard Vince Williams Jr. (5) defends.
Photo By - Imagn Images. Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) dribbles as Memphis Grizzlies guard Vince Williams Jr. (5) defends.

No Jalen Williams? No problem.

The Oklahoma City Thunder have raced out to a 3-0 start to begin the 2025-26 NBA season despite playing without their All-NBA forward. Much of the credit goes to reigning MVP Shai Gilgeous-Alexander, who has kept OKC afloat by averaging 40 points in his team's first three wins. His otherworldly performance has shortened the Thunder's NBA odds from +250 when the season began to as low as +200 at many sportsbooks.

Let's dive into the latest NBA Championship odds as early season action unfolds.

🏆 2026 NBA Championship odds

📈 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

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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