Latest 2025 NBA Championship Odds: Luka Doncic Traded to Lakers for Anthony Davis

The biggest NBA blockbuster in recent years occurred in the wee hours of Sunday morning as the Dallas Mavericks traded superstar Luka Doncic to the Lakers in a deal that sees Anthony Davis go to the Mavs.

Jared Hochman - Content Manager at Covers.com
Jared Hochman • Content Manager
Feb 2, 2025 • 13:42 ET • 5 min read
NBA Championship odds Luka Doncic
Photo By - Imagn Images. Superstar Luka Doncic was just traded from the Dallas Mavericks to the Los Angeles Lakers.

Sometimes, a trade so big happens that nobody believes it.

It was just a regular Saturday night when Shams Charania tweeted that the Dallas Mavericks traded Luka Doncic to the Los Angeles Lakers in a deal that included Anthony Davis.

The entirety of NBA Twitter thought Shams got hacked... but he doubled down that it was, in fact, real:

Once other reputable NBA reports confirmed it, the entire NBA landscape had changed: The Lakers just acquired arguably the best player in the world in a deal that saw one of its premier big men go back to the Mavs — which also caused quite the shift in the NBA Finals odds landscape.

2025 NBA Championship odds

Team bet365
Celtics Boston Celtics +230
Thunder Oklahoma City Thunder +230
Cavaliers Cleveland Cavaliers +800
Knicks New York Knicks +1200
Lakers Los Angeles Lakers +1200
Nuggets Denver Nuggets +1400
Hoffenheim Dallas Mavericks  +2800
Grizzlies Memphis Grizzlies +2800
Bucks Milwaukee Bucks +2800
Clippers Los Angeles Clippers +3300

Odds as of 2-2.

Luka Doncic trade moves Lakers title odds from 40/1 to +1200

The immediate aftermath of the Luka Doncic/Anthony Davis blockbuster didn't push either team to favorite status, but it did have a massive impact on their NBA odds. The Los Angeles Lakers moved from 40-1 to 16-1 following the news and are now available as low as +1200 at bet365. The Dallas Mavericks, meanwhile, fell from 25-1 to 40-1. Their odds have since stabilized at +2800. 

This trade apparently was so out of left field... that none of the key pieces involved had any idea they could have been dealt:

The trade provides more balance for Dallas, which adds one of the league's premier bigs — on both ends of the court — with a dynamic scoring guard in Kyrie Irving. The Lakers are acquiring a 25-year-old Doncic, perhaps the best player in the NBA, to add true star power alongside LeBron James... but sacrifice size and defense as a result.

The favorites still remain the defending champion Boston Celtics and the Oklahoma City Thunder, but this is a once-in-a-generation trade that has turned the NBA landscape on its head.

Why did the Dallas Mavericks trade Luka Doncic?

It's not immediately known why Dallas suddenly pulled the trigger on dealing one of the faces of the NBA, but ESPN's Tim McMahon speculates that it was due to Luka's questionable conditioning and having to hand him another contract extension next season.

Covers' NBA expert Jon Metler also gave his take on Dallas' reasonings to make a deal now:

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Jared Hochman Content Manager at Covers.com
Content Manager

Before Jared Hochman joined the Covers team in 2020, he worked for newspaper outlets such as the Chronicle Herald and The Coast, worked in marketing for SkipTheDishes and Vivid Seats, and previously ran a magazine. A journalism graduate from the University of King's College in, Halifax, N.S., "Hoch" brings more than a decade of experience in sports betting, having worked as a freelance handicapper, making appearances on Monumental Sports Network and the Sharp 600 podcast, and now also filling in occasionally as host of Covers' NHL Puck Props. 

Awarded Covers' company MVP for 2023, Jared is an avid bettor of MLB, NFL, NHL, and NBA, while also wagering on some soccer and WNBA. His best advice for sports bettors? Price shop — something he does daily across 10 different sportsbook apps.

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