NBA 2023 Championship Odds

Stephen Curry Klay THompson Golden State Warriors
Stephen Curry #30 and Klay Thompson #11 of the Golden State Warriors celebrate after defeating the Boston Celtics in the 2022 NBA Finals. Elsa/Getty Images/AFP

Editor’s note: This article was updated on December 28, 2022.

This is our fifth installment of the 2023 NBA Championship Odds update, and as the season nears the midway point, we can now begin to separate the contenders from the pretenders. We have also updated the NBA championship odds on all 30 teams below.

OddsTrader wants to keep our readers current and be your go-to resource for NBA Power Rankings and everything else you need to handicap your NBA picks.

Make sure to check back for our updated NBA odds as well as previews on nightly NBA matchups and on every other major sport as well.


OddsTrader’s Betting Edge

It was only when the Celtics lost five of six that it became clear this group was at least somewhat mortal. Ironically three of those five losses occurred when big man, Robert Williams, returned to the lineup after rehabbing from offseason knee surgery to repair a torn meniscus.

And while Durant and Irving will steal much of the spotlight, we shouldn’t underestimate what Brooklyn center Nic Claxton has done in the paint and around the rim. The 6’11” Georgia product, selected late in the second round of the 2019 draft, is second in blocks, averaging 2.3 stuffs per game, and second in scoring from inside the paint with a whopping 75.5 scoring percentage from in close.

LeBron’s Lakers are even more of a mess than they were last year at this time. After 33 games, the Lakers were 16-17 last season but this year they check in with a 13-20 mark and are in the midst of a four-game losing streak.


2023 Championship Odds as of December 28th, 2022 Courtesy of FanDuel

Contenders PretendersLongshots
Celtics +350 Pelicans +2100  Bulls +16,000  
Bucks +500 Mavericks +4200 Jazz +24,000  
Nets +800  Heat +4200  Pacers +49,000 
Suns +850  Raptors +4600 Wizards +49,000 
Clippers +1000 Hawks +6500 Pistons +50,000 
Warriors +1300 Trail Blazers +8000 Thunder +50,000 
Nuggets +1300  Lakers +10,000 Hornets +50,000 
Grizzlies +1300 Timberwolves +10,000  Spurs +50,000 
76ers +1700 Kings +16,000 Rockets +50,000 
Cavaliers +2000 Knicks +16,000 Magic +50,000 

Updates From Around the League


Marcus Smart Jayson Tatum Boston Celtics
Marcus Smart #36 and Jayson Tatum #0 of the Boston Celtics celebrate a basket against the Golden State Warriors. Elsa/Getty Images/AFP.

Celtics Are for Real

We can’t say it is a big surprise that the Celtics sit atop the NBA championship odds board at the midpoint of the season, considering they started there, but they have played well enough that Boston’s odds have tumbled from +450 to +350 as of this writing.

It was only when the Celtics lost five of six that it became clear this group was at least somewhat mortal. Ironically, three of those five losses occurred when big man, Robert Williams, returned to the lineup after rehabbing from off-season knee surgery to repair a torn meniscus.

But the Green is now back on the winning track and the only question mark is, can Williams withstand the rigors of an NBA regular season and be fresh enough in the playoffs to maintain his status as Boston’s defensive anchor?


Ben Simmons Kevin Durant Brooklyn Nets
Ben Simmons #10 and Kevin Durant #7 of the Brooklyn Nets look on against the Miami Heat. Sarah Stier/Getty Images/AFP.

Big Bets on Nets

As anyone with even the slightest knowledge of sports betting knows, money moves the line and the odds. And if we take a gander at where the Nets began before the season, we can see that our first edition in July reveals the oddsmakers had installed Brooklyn as +1500 to win the NBA championship. Yet, it wasn’t long before those odds spiked when the Nets lost five of their first six contests.

But what appeared to be a rudderless ship with two cantankerous superstars, Kyrie Irving and Kevin Durant, has drifted into much calmer waters as the money has flowed back on Brooklyn to where they are sailing along at odds of +800, making them the third choice to win the title.

The Nets are the hottest club in the league, having mowed down 13 of their last 14 opponents including consecutive wins over Eastern Conference powerhouses Milwaukee and Cleveland as their most recent victims.

And while Durant and Irving will steal much of the spotlight, we shouldn’t underestimate what Brooklyn center Nic Claxton has done in the paint and around the rim. The 6’11” Georgia product, selected late in the second round of the 2019 draft, is second in blocks, averaging 2.3 stuffs per game, and second in scoring from inside the paint with a whopping 75.5 scoring percentage from in close.


LeBron James Los Angeles Lakers Cleveland Cavaliers
LeBron James #6 of the Los Angeles Lakers celebrates against the Cleveland Cavaliers. Jason Miller/Getty Images/AFP.

Lakers Reeling

Many believed last season was an aberration. How could an alleged Dream Team of LeBron James, Anthony Davis, and Russell Westbrook possibly fail again? As we all know, the Lakers’ season was a spectacular disappointment as they ended with a 33-49 record and didn’t even qualify for the play-in round.

However, this year was supposed to be different, and LA’s preseason odds of +1800 to regain the title reflected as much. But if we are to indulge in a bit of schadenfreude, we would be remiss in not pointing out that LeBron’s Lakers are even more of a mess than they were last year at this time.

After 33 games, the Lakers were 16-17 last season, but this year they check in with a 13-20 mark and are in the midst of a four-game losing streak.

LeBron remains an elite player but he is no longer the unicorn of his youth. Meanwhile, Anthony Davis has been hobbled by injuries, while Russell Westbrook has elevated his game from a hellacious 2021 campaign. But it is still worth noting he is the league’s first-ever $47 million per year role player.

Maybe the Lakers will figure it out and make a strong bid entering the second half of the season, but the oddsmakers tend to disagree, as evidenced by LA’s odds shifting from +1800 before the season began to where they now stand at +10,000.


Props & Bonuses

You can find a list of prop bets at all of the best U.S. Licensed online sportsbooks found right here at OddsTrader.

Online sportsbooks like BetMGM, Caesars, FanDuel, PointsBet, Bet365, Unibet, SugarHouse, BetRivers, SBK, MaximBet, and DraftKings all offer props like “Who Will Win the NBA Playoff MVP Award” and futures to win the NBA title as well as generous signup bonuses.

Shop for Odds

If you want to compare the various NBA odds then click on the link and you will see the point spreads, moneylines, and totals at all of the best books in the industry. 


NBA Power Rankings 

Getting keen insight into how each of the playoff teams stacks up is easy when you check out the OddsTrader NBA Power Rankings page. Here you will see the average line, the power line suggested by OddsTrader’s AI algorithms, and the Bettor’s Edge which is the difference between the two. 

NBA Computer Picks 

If you go to the OddsTrader NBA Computer Picks section you can see what the OT algorithms project and how the results compare to those predictions. 


NBA Betting FAQs


Question: Where can I go to make a bet on the NBA playoffs?

Answer: The best online sportsbooks are the safest online sportsbooks, which are those licensed in jurisdictions where online sports betting is legal in the United States. The top-rated books are BetMGM, Caesars, FanDuel, PointsBet, Bet365, Unibet, SugarHouse, BetRivers, SBK, MaximBet, and DraftKings.

Question: What types of bets are popular with NBA basketball?

Answer: The most popular bet is the point spread bet where the underdog is getting points or the favorite is giving points. However, moneylines, where no point spread is involved have grown increasingly popular, as have over/under or total bets where bettors can wager over or under on the combined total of the two teams in that game. 

Question: Do I have to bet a lot?

Answer: No, the minimum bet is as low as $1 and accounts can be funded with as little as $10 at many of the books across the nation.

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