In the first-ever seven-game series in WNBA Finals history, the Las Vegas Aces may not need all seven after seizing a dominant 3-0 lead over the Phoenix Mercury.
Phoenix entered as underdogs — and a key injury to Satou Sabally didn’t help their cause — while A'ja Wilson ensured they stayed behind, delivering a clutch bucket in Game 3 to put Las Vegas on the brink of their third franchise championship.
Let’s dive into the latest 2025 WNBA odds before Game 4 tips off on Friday, October 10.
🏆 2025 WNBA championship odds
2025 WNBA title odds favorites
Las Vegas Aces (-140)
The Las Vegas Aces have once again shown their championship mettle, edging past the Seattle Storm in a nail-biting first-round series and outlasting the Indiana Fever in a grueling five-game battle.
Despite Indiana’s injury-plagued roster, the Fever refused to fold, pushing the Aces to the limit at every turn.
Led by four-time WNBA MVP and co-Defensive Player of the Year A'ja Wilson, the Aces are back in the WNBA Finals after falling short in 2024.
With momentum firmly on their side, they now prepare for a high-stakes semifinal showdown against a determined Phoenix Mercury squad hungry for another upset.
Phoenix Mercury (+1600)
Don’t overlook the Phoenix Mercury. Their star trio is locked in — veteran Alyssa Thomas is doing it all, leading the team in points, rebounds, and assists. Satou Sabally brings relentless defensive pressure, topping the squad in steals, while Kahleah Copper adds a fearless edge, ready to protect the rim and deliver in the clutch.
This Mercury team has already made noise, knocking out the defending champion New York Liberty in the first round and eliminating the powerhouse Minnesota Lynx, who were hampered by ill-timed injuries.
Phoenix thrives on upsets — and as they head into the WNBA Finals, they’ll be looking to pull off one more.
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.
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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.
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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.
