2024-25 NBA Championship Odds and Favorites to Win NBA Finals

The Oklahoma City Thunder emerge as the new favorite to put the Boston Celtics and the rest of the league on notice in the chase for the 2024-25 NBA Championship.

Aisha Quiñones - Senior Publishing Editor at Covers
Aisha Quiñones • Senior Publishing Editor
Apr 9, 2025 • 17:51 ET • 5 min read
Shai Gilgeous-Alexander Oklahoma City Thunder NBA
Photo By - Imagn Images. Oklahoma City Thunder forward Jalen Williams (8), guard Luguentz Dort (5) celebrate with guard Cason Wallace (22) after he made a basket.

Here comes the Thunder! The Boston Celtics are receiving a wake-up call as Oklahoma City takes over as the new favorite to win the 2024-25 NBA Championship. As the OKC Thunder roar across the league with taking over with the best record, the Cleveland Cavaliers keep themselves steady in the conversation to continue hang with the best of them.

Meanwhile, the Denver Nuggets delivered shockwaves after letting go their head coach and general manager which has prompted a change to their NBA odds with the Los Angeles Lakers taking full advantage by moving up the Western Conference standings.. Let's take a look at where the rest of the league stands.

NBA Championship odds

Odds as of 4-9.

2025 NBA title odds favorites

Oklahoma City Thunder: Locked Down the Wild, Wild West

The best record in the league is owned by the Oklahoma City Thunder.

The rest of the league's worst fear is this team getting stronger, and that's exactly what they are doing with the long awaited return of center Chet Holmgren. Even in the absence of their versatile big man, OKC star Shai Gilgeous-Alexander has been untouchable in solidifying his case for MVP and emerging star Jalen Williams is his right-hand man to get the Thunder to not only stay atop the Western Conference, but the league standings.

Granted, OKC has the youngest roster in the league, but Mark Daigneault's squad should not be slept on due to their lack of experience. With the landscape of the NBA changing, the Thunder are setting themselves up to have a prosperous postseason.

Boston Celtics: Time to reclaim what's theirs

After a few questionable games throughout the first half of the season, the C's remain in the No. 3 spot in the NBA league standings (and No. 2 in the Eastern Conference) and haven't lost any ground.

With their depth and their ability to have contributions to come from numerous players on any given night, the defending champions are showing that they aren't going anywhere.

Cleveland Cavaliers: Eastern Conference clinched

It's official. The Cleveland Cavaliers have clinched the Eastern Conference. The Cavs have shown time and again that they're the real deal.

Cleveland has been getting an All-NBA type performance from Donovan Mitchell, who is currently nursing an ankle sprain, but the big story this season has been the undeniable maturation of Evan Mobley. The USC product is averaging a career-high 18.8 points per game through increased usage and a nifty new arsenal of moves. Mobley is creating more offense off the dribble than at any other point in his career, and it's consistently leading to high percentage baskets for the Cavs early in the season.

The Cavaliers hope to have a somewhat healthy Mitchell as they gear up their loaded roster for further exclamation points to be made into the playoffs.

Denver Nuggets: Front office shakeup

The Nuggets shook up the league after firing head coach Michael Malone and general manager Calvin Booth with just less than a handful of games left in the regular season. A move that left many wondering why and especially right before the NBA playoffs. 

The Nuggets spent most of the first half of the season outside the final playoff spot in the Western Conference, but they've done a complete 180 in the second half. Much of this is due to the power of Nikola Jokic, who is averaging a career-highs 31.5 points per game. Now his future is in question with the shakeup in Denver's front office of whether he remains with the Nuggets or will his career take a turn with another team?

That question will answer itself with time but as of now, the three-time MVP has already posted 31 triple-doubles and has the Nuggets looking the like the contenders that we are used to seeing from prior season despite offseason defections and nagging injuries to Aaron Gordon that have cost him significant time.

With injuries and rest coming into play for the end of the regular season, the Nuggets have found themselves falling to No. 5 in the Western Conference and now they have to compartmentalize the coaching change that has transpired to focus on the bigger picture at hand with the playoffs right around the corner.

Los Angeles Lakers: Moving on up

The Lakers have undoubtedly been better with Luka in the lineup, as the All-NBA guard has been the perfect compliment to 40-year LeBron James, who hit the 50,000-point mark earlier this season. The Lakers have finally gotten James back after returning from a groin injury, but the road has been rocky with a uncharacteristic losses handed to them by the Chicago Bulls and Orlando Magic. It could be late-season fatigue hitting the Lakers, but the energy has to be shifted if they want to head into the playoffs on high, energetic note.

With that said, the middle of the Western Conference standings is quite a sight that remains tight between the Clippers, Nuggets, Lakers, and Warriors. L.A. has made their way up to the No. 3 spot and they'll look to maintain that as they close out the regular season.


Popular NBA futures odds


2024 NBA Finals odds over time

Here's a visual representation of how the NBA championship odds have evolved over the course of this season. Stay tuned — we'll be updating this graphic regularly as the chase for the Larry O continues to develop!  


Sportsbook betting splits and insights

  • The Lakers (16.2%), Celtics (13.6%), and Cavaliers (12.0%) have the highest NBA Championship ticket percentage.
  • The Cavaliers (17.3%), Lakers (14.8%), and Celtics (14.7%) have the highest NBA Championship ticket handle percentage.
  • The sportsbook considers the Warriors, Lakers, and Pistons its biggest liabilities. 

All data courtesy of BetMGM.

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Aisha Quiñones - Covers
Senior Publishing Editor

Hailing from Harlem, New York, Aisha Quiñones joined Covers in 2024 after an illustrious career with several other major media outlets. A proud Johnnie, after graduating from the Big East basketball powerhouse St. John's University, Quiñones earned her bachelor's degree in sport management and journalism, then obtained her master's degree in media studies from The New School.

Over a span of 12+ years, Quiñones has built her portfolio as a writer, dipped her toe into on-camera work, and also been behind the scenes in producing sports content.

Despite being a New Yorker, Quiñones has always been a lifelong Los Angeles Lakers fan thanks to her mom's joy of watching Kobe Bryant play — so much of a fan to the point that Quiñones named her toy poodle after the late-great legend.

Her hometown roots stay true to her MLB and WNBA choice in teams, as a Yankees and Liberty fan, due to her uncle and grandmother's love for the sports throughout her childhood.

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