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
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.
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.
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.
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?
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.
Covers WNBA betting tools
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 |  New York Liberty |
 Minnesota Lynx |
| 2023 |  Las Vegas Aces |
New York Liberty |
| 2022 | Las Vegas Aces |
 Connecticut Sun |
| 2021 |  Chicago Sky |
 Phoenix Mercury |
| 2020 |  Seattle Storm |
Las Vegas Aces |
| 2019 |  Washington Mystics |
Connecticut Sun |
| 2018 | Seattle Storm |
Minnesota Lynx |
| 2017 | Minnesota Lynx |
 Los Angeles Sparks |
| 2016 | Los Angeles Sparks |
Minnesota Lynx |
| 2015 | Minnesota Lynx |
 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
The New York Liberty won the 2024 WNBA championship.
The WNBA playoffs typically begin in early-mid September.
The Houston Comets, Minnesota Lynx and Seattle Storm have all won four titles, most all-time.
