2025 WNBA Championship Odds: Liberty Leading the Pack

The New York Liberty remain the favorites to run it back for the 2025 WNBA Championship, but the Minnesota Lynx aren't far behind to give them a rematch in the Finals.

Aisha Quiñones - Betting Analyst at Covers
Aisha Quiñones • Betting Analyst
Jul 9, 2025 • 16:15 ET • 3 min read
Sabrina Ionescu New York Liberty WNBA
Photo By - Imagn Images. New York Liberty guard Sabrina Ionescu (20) celebrates after scoring.

The 2025 WNBA season inches closer to the halfway mark to the season with All-Star weekend right around the corner as the championship picture takes into shape as the season progresses.

The New York Liberty and Minnesota Lynx are already in midseason form as they pick up right where they left off in hopes of stamping another ticket to the Finals. But it's the Phoenix Mercury that are also making noise around the league with their top-notch record to show for it.

With the hype building up, let's take a look at the latest WNBA odds to win the 2025 championship.

🏆 2025 WNBA championship odds

2025 WNBA title odds favorites

Suns New York Liberty (+175 to +180)

The New York Liberty went all-in back in 2023 when they lured Breanna Stewart, Jonquel Jones, and Courtney Vandersloot to put alongside Sabrina Ionescu, and while they were unable to dethrone the Las Vegas Aces that year, it all came together in 2024.

The Liberty knocked the Aces out in the semifinals before vanquishing a stubborn Minnesota Lynx squad in the finals. With the team's core expected to remain intact for at least one more year, it makes sense that the Liberty would open as favorites to repeat.

But with their defense taking a hit with Jones out due to an ankle injury, the Liberty have looked a bit shaky and are trying to find their footing in the absence of their WNBA Finals MVP.

Suns Las Vegas Aces (+230 to +2000)

Despite A'ja Wilson playing out of her mind for the vast majority of the season, the Las Vegas Aces took a step backward in 2024 as they entered the playoffs as the No. 4 seed. They drew the Liberty in the semis and were knocked out in four games. 

The Aces decided to shake things up by trading Kelsey Plum to the Los Angeles Sparks in a three-team deal that brings six-time All-Star Jewell Loyd to Vegas from the Seattle Storm. The Aces were trading at +350 after the playoffs wrapped and have now jumped to +250 at most books following the blockbuster trade.

With every intent to dump the narrative from last season that they're losing steam, the Aces are having a hard time proving that they're still title contenders. With questionable losses and a record that hasn't quite shown tenacity, this Aces squad has their work cut out for them for the remainder of the season.

Suns Indiana Fever (+300 to +700)

The sky's the limit for the Indiana Fever and Year 2 of the Caitlin Clark experience. They've taken over the third spot in the odds after making notable changes to their roster.

Clark and Co. will now have a heavy veteran presence on their squad with the additions of Natasha Howard and Sophie Cunningham in free agency. They added some more help with drafting Makayla Timpson out of Florida State and Bree Hall from South Carolina.

The Fever are making it known that they aren't here to waste time with notable wins including their first WNBA Commissioner's Cup title throughout the absence of Clark thus far this season due to injuries, the Fever are making it known that they are the real deal.

Suns Minnesota Lynx (+350 to +220)

The whole proved to be greater than the sum of the parts for the 2024 Minnesota Lynx as Courtney Williams, Alanna Smith, and Bridget Carleton had the best seasons of their respective careers while Lynx veterans Napheesa Collier and Kayla McBride also shined.

The Lynx didn't have any significant departures to worry about in free agency, but will they be content to simply run it back or will they go for the jugular?

Suns Phoenix Mercury (+1000 to +700)

After significant departures from Diana Taurasi (retirement), Brittney Griner (signed with the Dream in free agency), and Natasha Cloud (traded to the New York Liberty), expectations were starting to hit a new low for the Phoenix Mercury. That quickly took a turn in their favor after racking in key additions to revitalize their roster.

From gaining Alyssa Thomas, Satou Sabally, and Sami Whitcomb during the offseason, the Mercury have created a team that not only looks good on paper, but has enough power to make themselves a title contender once again.

So far, the Mercury are walking the walk and after bringing back DeWanna Bonner to the franchise, Phoenix is loading up their squad to make a push for the championship in the fall.

Jason Logan's WNBA Championship prediction

Indiana Fever +400 (Boosted to +450 at bet365)

I’m very bullish on the Fever this season. Not only do I have futures action down on Indiana to win it all, but my early projections call for more than 30 wins from the Fever in 2025.

Indiana not only has the best player in the league in Caitlin Clark (let’s not argue over this – she is) but has built a championship-caliber roster around her as well as hired a competent coach in Stephanie White.

The trio of Clark, Aliyah Boston and Kelsey Mitchell wrapped last season averaging a combined 60 points per game over the final 15 contests (Fever went 9-6 SU). That’s as elite a “Big Three” as any other in the WNBA.

The Fever signed veteran pillars DeWanna Bonner and Natasha Howard (five titles between them) and acquired gritty guard Sophie Cunningham, who bolsters the backcourt with Lexie Hull, who played her way into the starting lineup to finish last year.

WNBA betting splits

Highest ticket percentage
•    Indiana Fever 56.4%
•    New York Liberty 5.8%
•    Minnesota Lynx 5.7%
 
Highest handle percentage
•    Indiana Fever 78.6%
•    New York Liberty 5.2%
•    Las Vegas Aces 3.4%
 
Biggest liability
•    Indiana Fever
•    Golden State Valkyries
•    Chicago Sky

Data courtesy of BetMGM.

Understanding WNBA championship odds

Sportsbooks will post odds for the WNBA Finals shortly after the previous season's conclusion. These odds are constantly adjusted throughout the offseason as players switch teams or are injured. Once the regular season begins (May), title odds will change daily as teams win and lose games and more roster changes occur. Sportsbooks will also adjust the WNBA odds based on handle and liability to certain teams.

WNBA Championship odds will usually look like this:

  • New York Liberty +300

This means that on a $100 bet, you'll stand to profit $300 if the Liberty win the WNBA title. If it's close to the end of the season and the WNBA has a particularly dominant team, you might see a minus sign (-) ahead of its odds. 

  • Las Vegas Aces -380

This means you have to bet $380 to win $100 on an Aces championship.

Above we have posted the American odds for the WNBA championship. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool. And don't forget to check out our WNBA forum if you're interested in chatting with other basketball bettors about WNBA odds. 

More popular basketball futures markets

WNBA Championship odds trends

Here are some trends to keep in mind when betting on WNBA championship futures: 

  • The No. 1 overall seed has gone on to win the title in eight of the past 10 seasons.

  • The Houston Comets, Seattle Storm, and Minnesota Lynx are tied for most all-time WNBA Championships with four apiece.

  • The Aces' 2023 win was the first time a team had repeated as WNBA champs since the Los Angeles Sparks in 2002.

Past WNBA Finals winners

Season WNBA Finals winner Runner up
2024 Liberty New York Liberty Lynx Minnesota Lynx
2023 Aces Las Vegas Aces Liberty New York Liberty
2022 Aces Las Vegas Aces SunConnecticut Sun
2021 Sky Chicago Sky Mercury Phoenix Mercury
2020 Storm Seattle Storm Aces Las Vegas Aces
2019 Mystics Washington Mystics Sun Connecticut Sun
2018 Storm Seattle Storm Lynx Minnesota Lynx
2017 Lynx Minnesota Lynx Sparks Los Angeles Sparks
2016 Sparks Los Angeles Sparks Lynx Minnesota Lynx
2015 Lynx Minnesota Lynx Fever Indiana Fever

Teams with the most WNBA Championships

Minnesota, Houston, and Seattle are tied atop the all-time WNBA Championship tally with four apiece, while three more teams follow closely with three each.

Despite their early dominance, the Comets folded during the 2008 recession and were disbanded when the league was unable to find new ownership. 

Team WNBA Championships WNBA Finals appearances
Minnesota Lynx 4 6
Houston Comets 4 4
Seattle Storm 4 4
Los Angeles Sparks 3 5
Detroit Shock (Dallas Wings) 3 4
Phoenix Mercury 3 4
Las Vegas Aces 2 4

WNBA Championship Odds FAQ

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Aisha Quiñones - Covers
Betting Analyst

Hailing from Harlem, New York, Aisha Quiñones joined Covers in 2024 after an illustrious career with several other major media outlets. A proud Johnnie, after graduating from the Big East basketball powerhouse St. John's University, Quiñones earned her bachelor's degree in sport management and journalism, then obtained her master's degree in media studies from The New School.

Over a span of 12+ years, Quiñones has built her portfolio as a writer, dipped her toe into on-camera work, and also been behind the scenes in producing sports content.

Despite being a New Yorker, Quiñones has always been a lifelong Los Angeles Lakers fan thanks to her mom's joy of watching Kobe Bryant play — so much of a fan to the point that Quiñones named her toy poodle after the late-great legend.

Her hometown roots stay true to her MLB and WNBA choice in teams, as a Yankees and Liberty fan, due to her uncle and grandmother's love for the sports throughout her childhood.

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