2025-26 NBA Finals Odds: Thunder the Favorite, Spurs Gain Ground
NBA championship odds for the 2025-26 season are getting more attention as March arrives. Still, the Oklahoma City Thunder, coming off their first title, remain a solid favorite to repeat.
Prediction markets are all the craze, and prediction market apps such as Kalshi offer users a way to trade contracts on who will win the NBA Finals. We have included the latest NBA Finals odds below at traditional sportsbooks, as well as Kalshi. Use our Kalshi promo code to get started by clicking on the module below.
Below are current 2025-26 NBA Finals odds from an array of sportsbooks, including bet365, followed by oddsmaker insights. Check back regularly for updates and use our BetMGM bonus code to get the most out of your action on 2026 NBA futures odds.
(Feature image credit: Kyle Terada/Imagn Images)
Nba Champion Odds
| Time | Bet365 | BetMGM | DraftKings | FanDuel | HardRock | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
| +125 | +140 | +135 | +125 | +125 | +125 | ||
| +600 | +600 | +550 | +650 | +650 | +600 | ||
| +650 | +600 | +700 | +600 | +600 | +600 | ||
| +900 | +900 | +750 | +1000 | +1100 | +800 | ||
| +1100 | +1200 | +1300 | +950 | +1000 | +1200 | ||
| +1600 | +1700 | +1700 | +1700 | +1600 | +1600 | ||
| +1800 | +1600 | +1800 | +1800 | +1750 | +2000 | ||
| +3000 | +3000 | +3000 | +4500 | +3000 | +2500 | ||
| +3500 | +3500 | +3500 | +3500 | +3000 | +3000 | ||
| +8000 | +8000 | +6500 | +8000 | +7500 | +10000 | ||
| +15000 | +12500 | +15000 | +12500 | +15000 | +10000 | ||
| +15000 | +15000 | +15000 | +15000 | +15000 | +15000 | ||
|
| |||||||
2026 NBA Finals Odds
Thunder Rumbling
LATEST UPDATE: The Oklahoma City Thunder went a ridiculous 24-1 through 25 games this season. Shai Gilgeous-Alexander & Co. opened the season on an 8-0 run before their first loss, then went on a 16-game winning streak.
Finally, in their 26th game, the Thunder suffered loss No. 2 in a 111-109 setback vs. the Spurs. Since then, OKC has let off the gas. Still, through games of March 5, Oklahoma City is an NBA-leading 49-15, winning at a 76.6% clip.
BetMGM opened OKC as the +240 favorite in 2025-26 NBA Finals odds, a rather short price. As the season began, the Thunder were out a touch to +260. As of Dec. 3, with the win streak at 13, the Thunder were +240 again, and just before Christmas, OKC was all the way into +110.
The Thunder are now at +150, still lapping the field in NBA futures odds. For the season, Oklahoma City is No. 2 in ticket count, and in money, the Thunder are No. 1 by a significant margin at BetMGM.
But action has receded a bit lately.
"Over the past [few] weeks, the Thunder are the fifth-most-bet team in terms of total bets and sixth in terms of handle," BetMGM trading manager Hal Egeland said. "The action has slowed down a bit after their ridiculous start.
"But I think they'll be toward the top of the list at just about every point of the season, unless there are some significant injuries."
And BetMGM wouldn't mind a repeat title, at the moment.
"Overall, they're a decent result for us. But that's completely due to the price," Egeland said, alluding to OKC's short odds all season.
The Denver Nuggets (39-24) held it together while superstar Nikola Jokic was out with a knee injury, from Dec. 29-Jan. 30. Denver is the +700 co-second choice in BetMGM's NBA championship futures.
"The Nuggets being able to compete without Jokic on the floor [was] a positive sign," Egeland said. "We've been high on them all year, and this only reinforces that belief."
But the San Antonio Spurs are the big news of late, joining Denver at +700. San Antonio (45-17) has the second-best record in the West, behind only OKC. In fact, the Spurs didn't lose a game in February, going 11-0.
"The Spurs have blossomed into one of the best teams in the league, with one of the best players leading the way," Egeland said, alluding of course to Victor Wembanyama. "I think everyone expected Wemby to be a star. But the roster outside of him is ahead of schedule.
"Pair that with the Spurs' success against the Thunder, and it's no surprise bettors are interested in San Antonio."
Indeed, the Spurs are 4-1 vs. the Thunder this season, including back-to-back double-digit wins in a home-and-home Dec. 23 and 25. Most recently, San Antonio beat visiting OKC 116-106 on Feb. 4.
The Detroit Pistons, who were the +1300 third choice in early February, are are now the +1400 sixth choice. The New York Knicks follow at +1700.
The top five in ticket count in BetMGM's NBA championship odds:
- Nuggets
- Thunder
- Spurs
- Pistons
- Knicks
And the top five in money in BetMGM's NBA Finals futures odds:
- Thunder
- Nuggets
- Spurs
- Knicks
- Los Angeles Lakers
Los Angeles (35-24) was into +1400 in mid-December, but is now a +8000 longer shot.
Another team of note: The Cleveland Cavaliers, who acquired James Harden from the Los Angeles Clippers ahead of the Feb. 5 trade deadline. That led to a notable move in NBA Finals futures odds, with the Cavs going from +1800 to the +1300 third choice.
A month later, Cleveland (39-24) is the +1000 fifth choice to win it all, through games of March 5.
"Harden obviously has had his postseason struggles. But [adding Harden] increases the Cavs' chances of winning this year," Egeland said. "Evan Mobley and Harden could work very well together. It'll be interesting to see how that works with Donovan Mitchell."
Drawing Dollars
Egeland noted three teams getting bettors' attention over the past couple weeks: Detroit, San Antonio and the Boston Celtics.
The Celtics (41-21) have been without Jayson Tatum all season, after the perennial All-Star tore an Achilles in last season's Eastern Conference semifinals. But Tatum returns March 6 vs. Dallas.
Boston was already on the move in NBA Finals odds. But ahead of Tatum's return, the Celtics improved from the +1200 fifth choice to the +900 fourth choice.
"The Celtics are intriguing for some obvious reasons," Egeland said. "Joe Mazzulla is a legitimate contender for Coach of the Year. The Celtics have optimized their offense with their style of play.
"If Tatum is near his normal production, the Celtics are a legitimate contender."
Through games of Feb. 28, Detroit is 45-16, the best record in the Eastern Conference, though behind NBA-leading OKC.
"The Pistons are playing incredible basketball, and we have a strong customer base in Michigan that loves to bet their hometown teams," Egeland said. "I don't believe the Pistons belong with the upper echelon of teams in the NBA, talent-wise.
"But since they're in the East, they have to be taken seriously as a contender."
BetMGM has a handful of teams it's rooting against in NBA championship futures odds:
- Phoenix Suns
- Spurs
- Lakers
- Pistons
- Celtics
With a 34-26 mark so far, Phoenix is still a distant +20000 (200/1) in odds to win the NBA Finals.
Among BetMGM's best outcomes in NBA Finals futures:
- Cavaliers
- Toronto Raptors (+20000)
- Timberwolves
- Rockets
- Knicks
"The Rockets and Timberwolves are both pretty decent results for us, despite being solid overall teams," Egeland said. "Both teams have their flaws, but now have some legitimate playoff experience.
"I think either would be a tough matchup for the top teams in the West, once we get to the playoffs."
Opening Odds to win 2025-26 NBA Finals
The Oklahoma City Thunder are the defending champions and opened as the +240 betting choice to repeat as champions. Below are BetMGM's opening odds to win the 2026 NBA Finals.
- Oklahoma City Thunder +240
- New York Knicks +900
- Cleveland Cavaliers +1000
- Indiana Pacers +1300
- Houston Rockets +1300
- Orlando Magic +1400
- Minnesota Timberwolves +1400
- Los Angeles Lakers +1500
- Denver Nuggets +1600
- Boston Celtics +1800
- San Antonio Spurs +1800
- Golden State Warriors +2500
- Philadelphia 76ers +3500
- Dallas Mavericks +3500
- Los Angeles Clippers +3500
- Detroit Pistons +5000
- Milwaukee Bucks +8000
- Miami Heat +10000
- Memphis Grizzlies +15000
- Toronto Raptors +20000
- Atlanta Hawks +25000
- New Orleans Pelicans +25000
- Phoenix Suns +30000
- Sacramento Kings +30000
- Brooklyn Nets +50000
- Chicago Bulls +50000
- Portland Trail Blazers +50000
- Charlotte Hornets +100000
- Washington Wizards +100000
- Utah Jazz +100000
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Best Bets
How To Bet On NBA Futures
Betting on the NBA is widely popular in the United States and the NBA Futures Odds market continues to cater to both novice and professional bettors. The NBA championship is decided very June with a best-of-seven matchup known as the NBA Finals.
This Future Odds market is open year-round and the oddsmakers will adjust their numbers when trades, injuries, free agent signings, or other changes affect the NBA championship odds. The opening odds come out at the end of the current season or just after it ends, with NBA Future Odds posted on all 30 teams in the league.
For extra value betting on NBA games, use our BetMGM bonus code and get bonus bets as a new user welcome.
Betting on NBA Futures may not always provide big payouts due to the nature of the league, where dynasties are often created by player movement in free agency. However, betting on the right team early can provide better results, as seen in 2019 when the Toronto Raptors won with +1850 odds to win the NBA championship in August 2018. Compare that to the +750 odds the Raptors had in December 2018 and you can see how the NBA Futures odds could offer less value as the season progresses and the player talent is on display.
The NBA championship futures betting market takes in the most volume of wagers and money at sportsbooks. But there are other wagering opportunities in the NBA Futures market, including conference and division winners.
Sportsbooks also offer up NBA futures odds on specific player awards, usually just for Most Valuable Player and Rookie of the Year. These wagers are a little tricky since those bets and their results are based off subjectivity. Both awards are determined by votes from sports writers and we all know that everybody has an opinion.
Where Can I Bet On The 2025 NBA Championship?
There are several legal sportsbook options in the United States. One sportsbook that we are particularly excited about is Fanatics Sportsbook. Be sure to check out our review and take a look at their NBA betting options!
What Types Of Bets Can I Make ON The NBA?
In addition to betting on how teams will finish in the NBA playoffs, there are multiple angles you can bet on individual games. Check out our NBA Las Vegas odds page for the standard betting odds on each game.
Where Can I Learn How To Bet On Basketball?
To learn more about betting on basketball, check out our basketball betting tutorial.
Remember, you can also bet the NBA finals with the bet365 bonus code!
