The Indiana Pacers may have run out of magic. As it appeared like they may have been on the verge of another stunning comeback in Game 5, the Oklahoma City Thunder slammed the door in the fourth quarter to win 120-109.
With OKC one win away from its first title since moving from Seattle, the Thunder are -1600 in the latest NBA Championship odds.
Let's take a closer look at the latest NBA odds.
🏆 NBA Championship odds
Who will win the NBA Championship?
Oklahoma City Thunder (-1600)
The Thunder’s 68 wins put them in good company throughout their run in the NBA playoffs. Only five other NBA teams have boasted a higher win percentage than OKC’s .829 win rate, and four of those clubs went on to claim the NBA Championship. Oklahoma City’s +12.8 net rating is second all-time behind only the 1995-96 Chicago Bulls.
After falling behind 2-1, the Thunder rallied to win Games 4 and 5 and now need one more victory to win the title. Jalen Williams scored 40 and Shai Gilgeous-Alexander added 31 of his own as OKC fended off Pascal Siakam and a hobbled Tyrese Haliburton. Game 6 goes on Thursday, June 19.
Indiana Pacers (+900)
The Pacers entered the playoffs as long shots after finishing fourth in the Eastern Conference, a full 14 games behind the top-seeded Cavaliers. They've since dispatched the Bucks and Cavs in five games apiece and then bounced the Knicks in six.
Their run has been characterized by a number of historically improbable comebacks, with the latest occurring in Game 1 of the Finals. Indy rallied from 15 down in the fourth quarter. They looked like they might pull off another in Game 5, but Haliburton's calf injury prevented him from being his best self and the rally came up short.
Still, Haliburton plans to play through the pain with the season on the line, telling reporters, "If I can walk, then I want to play."
📈 2025 NBA Finals odds over time
Here's a visual representation of how the NBA championship odds have evolved over the course of this season.
⚡My NBA Finals pick: Thunder win series, 4-2
The Thunder will win the NBA title, but not after the Pacers push back with two wins.
Indiana can match OKC’s depth and speed and don’t make too many mistakes, which is something Oklahoma City thrives on for offense. But in the end, the Thunder’s talent takes over, with Shai Gilgeous-Alexander leading the way.
Oklahoma City wins this series in six games, which is paying +375 at bet365.
Pick made before Game 1.
💰 Sportsbook betting splits and insights
Highest ticket percentage:
• Celtics 11.4%
• Lakers 11.3%
• Nuggets 10.8%
Highest handle percentage:
• Thunder 19.8%
• Celtics 13.5%
• Lakers 9.7%
"Before the NBA Finals began, the Thunder winning was the ideal outcome for the sportsbook," said Christian Cipollini, Trading Manager, BetMGM. "After Game 1, action is more balanced and now the Pacers lifting the Larry O’Brien Trophy is the best result for BetMGM."
All data courtesy of BetMGM.
👑 2025 NBA Finals MVP odds
The 2024-25 season was a coming-out party for Shai Gilgeous-Alexander, whose prolific scoring and prodigious playmaking powered the Thunder to the best record in the NBA. The three-time All-Star led the league with 32.7 points per game and scored 50 points or more three times over a seven-game stretch. His ability to score any time against anyone has OKC favored to be the last team standing in June.
Visit our NBA Finals MVP Odds page for more detailed analysis.
Line movement (Game 5 to Game 6)
• Shai Gilgeous-Alexander -600 to -600
• Jalen Williams +3000 to +700
• Pascal Siakam +850 to +1200
Highest ticket percentage
• Tyrese Haliburton 22.1%
• Pascal Siakam 15.4%
• Anthony Edwards 5.7%
Highest handle percentage
• Tyrese Haliburton 25.3%
• Shai Gilgeous-Alexander 16.6%
• Pascal Siakam 13.1%
All data courtesy of BetMGM.
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NBA Finals series correct score odds
NBA Championship Odds FAQs
The Oklahoma City Thunder are the favorites for the 2025 NBA title.
The Boston Celtics won the 2024 NBA title, defeating the Dallas Mavericks 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 available at around +1400 to win the 2025 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.
