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NBA championship odds: Latest 2023-24 NBA Finals betting

The latest NBA Championship odds according to BetMGM are all here for the 2024 NBA Finals.

Nikola Jokić and the reigning champion Denver Nuggets enter the 2023 season as one of the favorites to win it all again. (Photo by Sarah Stier/Getty Images)
Nikola Jokić and the reigning champion Denver Nuggets enter the 2023 season as one of the favorites to win it all again. (Photo by Sarah Stier/Getty Images)Read moreSarah Stier / Getty Images

With the 2023 NBA Finals in the rear-view, the attention of basketball bettors shifts to the regular season, with BetMGM Sportsbook having the Boston Celtics as the NBA Championship odds-on favorites at +300.

NBA Championship Odds 2024

NBA Championship odds are courtesy of BetMGM. Correct at time of publishing and subject to change.

Team
Boston Celtics
Odds
+300
Team
Denver Nuggets
Odds
+400
Team
Milwaukee Bucks
Odds
+500
Team
Los Angeles Clippers
Odds
+700
Team
Phoenix Suns
Odds
+1200
Team
Philadelphia 76ers
Odds
+1800
Team
Minnesota Timberwolves
Odds
+1800
Team
Oklahoma City Thunder
Odds
+1800
Team
New York Knicks
Odds
+2800
Team
Los Angeles Lakers
Odds
+3000
Team
Cleveland Cavaliers
Odds
+4000
Team
Miami Heat
Odds
+4000
Team
Dallas Mavericks
Odds
+4000
Team
New Orleans Pelicans
Odds
+5000
Team
Sacramento Kings
Odds
+5000
Team
Golden State Warriors
Odds
+6600
Team
Indiana Pacers
Odds
+6600
Team
Orlando Magic
Odds
+12500
Team
Atlanta Hawks
Odds
+20000
Team
Houston Rockets
Odds
+25000
Team
Chicago Bulls
Odds
+30000
Team
Brooklyn Nets
Odds
+50000
Team
Utah Jazz
Odds
+50000
Team
Toronto Raptors
Odds
+75000
Team
Memphis Grizzlies
Odds
+100000
Team
San Antonio Spurs
Odds
N/A
Team
Portland Trail Blazers
Odds
N/A
Team
Charlotte Hornets
Odds
N/A
Team
Detroit Pistons
Odds
N/A
Team
Washington Wizards
Odds
N/A
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NBA Championship Odds: Betting favorites

Boston Celtics +300

Boston made significant changes in the offseason, acquiring Kristaps Porzingis and Jrue Holiday. Those moves saw Marcus Smart, Robert Williams, and Malcolm Brogdon move to other teams but it hasn’t caused any trouble for the Celtics.

As we begin February, they hold the best record in the NBA at 37-12. The Celtics are the only team in the league to rank top six in scoring offense and defense.

Jayson Tatum and Jaylen Brown continue to operate as one of the best tandems in the NBA. Porzingis is having a strong first season in Boston, and Derrick White is a legit All-Star caliber player.

There’s no reason to believe the Celtics will slow down. They should remain atop the Eastern Conference and battle for another NBA Finals appearance.

Denver Nuggets +400

The Denver Nuggets dealt with inconsistent play to start the season, but they fought through to remain in contention for the No. 1 seed in the Western Conference. They’re currently in a tight battle with division foes in Minnesota and Oklahoma City.

Joel Embiid’s injuries have opened the door for Nikola Jokic to claim his third MVP. Jokic had a down month in December but bounced by with 26.6 PPG in January.

There’s a lot to like about the Nuggets’ chances of repeating as NBA Champs. Jamal Murray, Michael Porter Jr., and Aaron Gordon combine with Jokic to form one of the most dangerous lineups in the league.

Denver has room for improvement, yet they’re still one of the league’s best teams. They should be dangerous come playoff time.

Milwaukee Bucks +500

Arguably the biggest move of the offseason was the Milwaukee Bucks acquiring Damian Lillard. Lillard gave them a superstar guard along with Giannis Antetokounmpo, but the trade cost them their best defensive guard in Jrue Holiday.

Lillard has given the Bucks one of the league’s best offenses, but the defense is among the worst. That prompted the Bucks to make a coaching change, replacing Adrian Griffin with Doc Rivers. He aims to keep the Bucks in contention for the top spot in the East.

The motivation remains alive after losing in the first round of the playoffs last season. As long as the Bucks don’t run into the Heat in the first round, they should contend for another Championship.

Phoenix Suns +1200

The Phoenix Suns were another team with a big offseason acquisition, trading for Bradley Beal. That gave the Suns a Big 3 of Kevin Durant, Devin Booker, and Beal. Unfortunately, we haven’t seen many games with all three on the court.

All three players have missed time with injury with Beal missing over 20 games. As we approach the All-Star break, all three players are healthy and ready to push Phoenix into playoff contention.

The odds may not tell it, but the Suns are sixth in the Western Conference with a 28-20 record. There’s a lot of time to move into the top three or four, but it’d be a massive disappointment if they fell into the play-in tournament.

As the Suns get healthy and the stars gel together, they should move up the standings and compete with the league’s elite teams.

NBA Championship Odds: Underdog Picks

Philadelphia 76ers +1800

Many expected the Philadelphia 76ers to take a step back after trading James Harden. However, the move seems to have improved the team, as they’re neck-and-neck with the Celtics and Bucks for the best record in the East.

Joel Embiid has been nothing short of amazing this season, leading the NBA with 35.3 points per game. Unfortunately, a knee injury will keep him out for some time. It also eliminates him from winning MVP.

The Harden trade left a void at guard, but Tyrese Maxey is proving to be an All-Star player. He’s on pace to win Most Improved Player by averaging 26.3 points and 6.4 rebounds.

Philly has had great regular seasons, but they struggle in the postseason. Is this the year they finally advance to the Eastern Conference Finals?

Oklahoma City Thunder +1800

Many expected the Oklahoma City Thunder to take a step forward after a promising 2022-23 season, but they’ve made a full leap to NBA Finals contender. Three months into the season and OKC has the third-best record in the league.

Everyone knows the Thunder’s success revolves around Shai Gilgeous-Alexander. SGA is having an MVP season, averaging 31.3 points, 6.4 assists, 5.6 rebounds, and 2.2 steals. His +400 MVP odds only trail Jokic.

Chet Holmgren is having a big impact in his rookie season. He’s averaging 16.7 points while anchoring the defense with 2.7 blocks per game.

It’ll be interesting to see if the young Thunder can keep it up in the second half and make a potential playoff push. Right now, there’s no denying they’re one of the best underdog picks.

The Inquirer is not an online gambling operator, or a gambling site. We provide this information about sports betting for entertainment purposes only.