Well, the moves start comin and they don't stop comin, Shams hits send and we hit the ground runnin...
NBA Championship odds once again saw a huge movement, with the Minnesota Timberwolves landing LaMelo Ball just two days after Miami traded for Giannis.
Still sitting atop the NBA odds board are the San Antonio Spurs and the Oklahoma City Thunder. Check out the full list of odds below.
🏆 Latest 2027 NBA Championship odds
| Team |  |
|---|---|
 Spurs |
+250 |
 Thunder |
+260 |
 Celtics |
+625 |
 Knicks |
+700 |
 Heat |
+1800 |
 Timberwolves |
+2200 |
 Pistons |
+2500 |
 Nuggets |
+2500 |
 Lakers |
+3300 |
 Pacers |
+4000 |
Odds updated as of 6-25, courtesy of bet365, one of our best betting sites. Sign up with our bet365 promo code, or get one of our other sportsbook promos.
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Blockbuster trade No. 2 of the NBA offseason went down today, with the Minnesota Timberwolves trading for LaMelo Ball just days after parting with Julius Randle. This move shortens Minnesota's odds from +3300 to +2200, moving them into sixth on the odds board.
Worth the risk for the TWolves who needed a shakeup. https://t.co/jdrQY6v9jQ pic.twitter.com/2SoMjGNvfI
— Joe Osborne (@JTFOz) June 25, 2026
NBA Championship trends
- Since the Warriors' 2018 repeat, the NBA has seen eight different champions in eight years. This is the longest such streak since the late 1970s.
- 23 of the last 26 champions ranked in the Top 10 in Defensive Rating during the regular season.
- 24 of the last 26 champions were Top 5 in either Offensive or Defensive efficiency.
- Since 2019, nearly every champion has been led by a non-U.S. superstar or a team built on international depth.
🏀 NBA Finals winners since 2000
| Year | Team | Opening Odds |
| 2026 | New York Knicks |
+700 |
| 2025 |  Oklahoma City Thunder |
+950 |
| 2024 |  Boston Celtics |
+550 |
| 2023 |  Denver Nuggets |
+1400 |
| 2022 |  Golden State Warriors |
+1200 |
| 2021 |  Milwaukee Bucks |
+500 |
| 2020 |  Los Angeles Lakers |
+1800 |
| 2019 |  Toronto Raptors |
+6600 |
| 2018 | Golden State Warriors |
-168 |
| 2017 | Golden State Warriors |
+215 |
| 2016 |  Cleveland Cavaliers |
+300 |
| 2015 | Golden State Warriors |
+2500 |
| 2014 | San Antonio Spurs |
+1000 |
| 2013 | Miami Heat |
+250 |
| 2012 | Miami Heat |
+225 |
| 2011 |  Dallas Mavericks |
+3000 |
| 2010 | Los Angeles Lakers |
+250 |
| 2009 | Los Angeles Lakers |
+350 |
| 2008 | Boston Celtics |
+1000 |
| 2007 | San Antonio Spurs |
+450 |
| 2006 | Miami Heat |
+350 |
| 2005 | San Antonio Spurs |
+400 |
| 2004 |  Detroit Pistons |
+1500 |
| 2003 | San Antonio Spurs |
+1100 |
| 2002 | Los Angeles Lakers |
+200 |
| 2001 | Los Angeles Lakers |
+180 |
| 2000 | Los Angeles Lakers |
+400 |
Odds courtesy of Sports Odds History.
NBA Championship Odds FAQs
The San Antonio Spurs (+250) are the favorites to win the 2027 NBA Championship.
The New York Knicks won the 2026 NBA title, defeating the Spurs 4-1 in the NBA Finals.
NBA Championship odds above are in American format, meaning a $100 bet at odds of +250 would profit $250 if it wins.
Oddsmakers at sportsbooks create odds to win the NBA Championship based on the team's implied probability to win the title. The team with the lowest odds has the best chance to win the NBA Championship.
The Los Angeles Lakers are currently +3000 to win the 2027 NBA title.
Odds typically update in real time based on playoff outcomes, injuries, and market movement.
Most legal sportsbooks offer NBA Finals futures, including bet365, FanDuel, BetMGM, Caesars, and DraftKings.
