Check out the 2025 NBA Championship Betting Odds this Week on MyBookie: Who is the favorite?

We are now just a little over a month away from the start of the 2025 NBA playoffs, which means it’s time to really start thinking about whom to wager on to win the NBA Championship Betting Odds. While there are sure to be some of you who have already made your pick, there will be plenty more who are playing a waiting game to get an idea of what the final bracket might look like.

If there is a downside to waiting a little longer to wager, it’s that the odds of the team you like could shorten between now and when you decide to pull the trigger. If you are legitimately still on the fence, then let’s see if we can talk you through the process of picking the eventual NBA champion.

What are the current NBA Championship Betting Odds?

One thing that you need to be aware of when it comes to championship odds is that they will change on a pretty regular basis.

A team that looks like a hot favorite can suddenly see their odds go in the opposite direction as they get on a cold streak, and vice versa.

The odds listed below are as they are now, but they can, and likely will, change:

• Boston Celtics +185
• Oklahoma City Thunder +190
• Cleveland Cavaliers +525
• Denver Nuggets +1400
• LA Lakers +1400

Given the current standings, as well as the winning streak that the Cleveland Cavaliers are currently experiencing, these odds are a little surprising.

That said, let’s not forget that the Celtics are the reigning champions and have proven that they know how to handle the pressure of the playoffs.

How do I read and understand NBA futures odds?

If you are new to sports betting, you might well be looking at the odds listed above and wondering what they actually mean. It’s not as complicated as you might imagine, so let’s try and break it down as simply as possible.

Now, let’s imagine that you have $100 to wager on the winner of the NBA Finals, and you want to go all in on the Cleveland Cavaliers, which would not be a bad bet at all given their current odds.

If you played that $100 on the Cavaliers at odds of +525, you would win $525, plus you would also get your original stake back, which means you would cash a total of $625.

Now, if the Cavaliers continue their hot streak and cruise through the opening round, their odds might drop to something like -150.

In that situation, your $100 bet would give you a total return of $166.67. That’s a massive difference when compared to their current odds, which is why you need to constantly monitor the changing odds to decide when to strike.

How do injuries affect NBA Championship odds?

In a perfect world, teams would cruise through the season without any kind of hiccups, but we are all well aware that we do not live in a perfect world.

There are all kinds of different factors that go into the odds that the bookies set, but I think it’s fair to suggest that injuries are the one thing that can have the biggest impact on the overall odds.

For example, the Boston Celtics are the favorites to win it all and repeat as champions this season, but what if Jayson Tatum, who leads the team in points and assists per game, was to go down with a season-ending injury tomorrow?

It would not be long before the odds changed dramatically for the favorites, as the chances of them repeating without their star player would take a serious hit. That said, you also need to look to their bench to see if they could potentially ride it out with their reserves.

Who are the favorites to win the NBA Championship Odds?

This question seems simple enough to answer by simply looking at the current odds, but the bookies favorite to win might not be the same as the public consensus. That said, sportsbooks tend to be on the ball when it comes to this type of thing.

Yes, they can and do get it wrong sometimes, plus there are so many factors that go into a team making a championship winning run that it becomes tough to actually predict who will win it all, so let’s try and dig a little deeper.

Which NBA teams have the best chance to win the championship?

If you asked this question to a number of different NBA fans, you might well get several different answers. There are some factors that come into play when trying to deliver the answer, so let’s take a look at a few of them:

The Final Seedings

The regular season is all about figuring out which teams will make the playoffs and where they will be placed in the bracket. You can have a clear idea of how you think things will go now, but the final bracket could show a more difficult path for one team when compared to another.

End of Season Form

If you follow sports at all, you probably already know that a team heading into the playoffs on a hot run of form is likely to make a deep run when compared to a team that essentially backs into the postseason.

For example, it would be tough to bet against the Cleveland Cavaliers right now given that they have won 15 straight games. Will they still be that hot when the playoffs arrive, though?

Team Strength

Every team likes to have a solid starting 5, but the reality is that those guys cannot play every minute of every game.

The team that has the strongest bench is often more dangerous than a team that relies heavily on their starters, so keep that in mind when it comes time to place that championship wager.

How do I analyze team matchups for the NBA Playoffs?

Generally speaking, you can count on the top 2 or 3 teams cruising through the opening round of the playoffs, as there tends to be some serious mismatches in Round 1.

Things get a little trickier as the season progresses, though, so how do you evaluate those matchups in hopes of picking the winner? Let’s take a look at some factors to consider:

Regular Season Head-to-Head

One of the first things to consider is how the meetings between the teams went earlier in the season. If one team had a clear edge over the other, you are looking at the potential for a short playoff series, while a split in the regular season could mean a series that goes all the way.

Player Matchup Analysis

Another thing you can do is look at the stats for each player in each position and compare them against the other team’s stats. Again, if you have a clear edge across the board, you have a likely series winner.

Current Health and Form

Are teams carrying injuries to key players heading into the postseason, and are they in hot form or cold? All of this can be factors in how a series might play out, especially if it’s a matchup that promises to be tight.

What Are the Best Strategies for Betting on the NBA Championship?

It all begins with employing the tips we have already outlined in this piece. Break down every single detail to arrive at as clear a pick as possible.

A couple of things that you shouldn’t do are to bet with your heart instead of your head, and not to simply pick the team with the best record at the end of the regular season.

Yes, there are situations where the best team in the regular season goes on to win it all, but there are just as many occasions, and probably more, where that does not happen.

When is the Best Time to Place a Bet on the NBA Championship?

There really is no right or wrong answer here, as it all depends on your comfort level with your pick and the current odds.

One thing to consider here, though, is that as the season progresses, there is a lesser likelihood that the odds will start to shift in your favor.

For example, if you have your eye on the Cleveland Cavaliers, you need to consider that they have the best record in the league and that they are on a hot winning streak.

Their NBA Championship Betting Odds are more likely to shorten than head in the other direction, so now might be the best time to bet on them.

How do I manage my bankroll when betting on NBA futures?

Most regular bettors have a bankroll that they work with throughout the course of the season. How much you wager on a specific bet will likely depend on the size of your bankroll.

Future bets are a much higher risk proposition than wagering on a single regular season game, so you don’t want to throw a lot of money at a risky bet.

How much you wager is, of course, up to you, but a fair amount is between 2 and 5% of your bankroll, although I would lean toward the smaller number.

Whatever you decide, it should always be an amount you can reasonably afford to lose.