2023/24 NBA Championship Betting Odds
There isn’t much of an offseason in the NBA these days as plenty of attention has been paid to the NBA Draft, NBA Summer League, and free agency since the Denver Nuggets claimed their first NBA title a couple months ago. Teams have been signing players to extensions and rounding out their rosters ahead of the 2023-24 NBA season which is set to start on Tuesday, October 24, 2023. There are two things to watch before the season opener as James Harden and Damian Lillard have both stated that they want out of their current situations, but both Philadelphia and Portland have made it clear that their players will not be traded away for pennies on the dollar.
NBA Betting Lines
NBA Championship Betting Odds
ODDS TO WIN NBA CHAMPIONSHIP 2023/24 |
Atlanta Hawks +7553 |
Boston Celtics +545 |
Brooklyn Nets +10091 |
Charlotte Hornets +40172 |
Chicago Bulls +16567 |
Cleveland Cavaliers +2558 |
Dallas Mavericks +2045 |
Denver Nuggets +520 |
Detroit Pistons +37727 |
Golden State Warriors +1261 |
Houston Rockets +31658 |
Indiana Pacers +28964 |
Los Angeles Clippers +1966 |
Los Angeles Lakers +1168 |
Memphis Grizzlies +2154 |
Miami Heat +1009 |
Milwaukee Bucks +773 |
Minnesota Timberwolves +7145 |
New Orleans Pelicans +3881 |
New York Knicks +5606 |
Oklahoma City Thunder +5613 |
Orlando Magic +24379 |
Philadelphia 76ers +1892 |
Phoenix Suns +677 |
Portland Trail Blazers +23277 |
Sacramento Kings +4322 |
San Antonio Spurs +15641 |
Toronto Raptors +12041 |
Utah Jazz +22191 |
Washington Wizards +43785 |
*Odds as of Monday, September 18, 9:00 AM ET
After winning the 2022-23 NBA Championship, the Denver Nuggets have been installed as slight favorites over the Boston Celtics to repeat as champions per the NBA futures odds. Denver will essentially be running it back with the same squad from last year, and the pick-and-roll combination of Nikola Jokic and Jamal Murray is deadly due to Jokic’s vision. This is the perfect situation for Aaron Gordon as he gets to thrive as the third or fourth option, and this team could be even better if Michael Porter Jr. and Christian Braun step up their games.
Boston was in a tough situation with Jaylen Brown. The Celtics could either make him the highest paid player in the game or likely see him leave Beantown. They chose to sign him to a five-year supermax extension that could see him make over $60 million annually, and that will make them one of the overall favorites in the league for the time being. However, the question remains over whether or not Boston can win with this core. They have yet to win an NBA Championship with Jayson Tatum and Brown leading the vanguard, but the Celtics did add Kristaps Porzingis in the offseason.
We have never seen a team go all in to the effect that Phoenix did with its starters this offseason. The Suns will be paying Kevin Durant, Bradley Beal, Devin Booker, and Deandre Ayton a combined $163 million this season. Every other player on the roster will be making the veteran minimum, so it’s very important that the Suns avoid injury. In particular, Durant has struggled to remain healthy recently, and that would be a major issue considering the lack of depth.
The Milwaukee Bucks are just three years removed from their NBA Championship. Milwaukee was stunned by Miami in the first round of last year’s NBA Playoffs despite being the No. 1 seed in the Eastern Conference as Jimmy Butler turned it on in the postseason once again. That led to the team firing Mike Budenholzer this offseason, and he will be replaced by long-time NBA assistant coach Adrian Griffin. The Bucks didn’t change up their roster this offseason, so it will be interesting to see what tweaks Griffin makes with the team.
Finally, we have the Miami Heat. Although the Heat stumbled into the postseason after a dismal regular season campaign, they were able to catch fire in the playoffs as Erik Spoelstra showed why he is considered the best coach in the league. This team didn’t really get better in the offseason, but they are rumored to be the leading candidates for Damian Lillard. A backcourt of Jimmy Butler and Lillard would make Miami a formidable foe once more.
NBA Teams
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