2025-26 NBA Finals Odds: Thunder the Favorite, Spurs Climbing Fast
NBA championship odds for the 2025-26 season are getting more attention as March departs and April arrives. Still, the Oklahoma City Thunder, coming off their first title, remain a solid favorite to repeat.
Prediction markets are also getting involved, with prediction market apps such as Kalshi offering 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 | Caesars | FanDuel | HardRock | RiversCasino | |
|---|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › |  › | |
| +135 | +135 | +130 | +150 | +135 | +130 | +125 | ||
| +550 | +600 | +550 | +550 | +600 | +550 | +600 | ||
| +550 | +600 | +600 | +450 | +550 | +600 | +500 | ||
| +900 | +1100 | +800 | +950 | +1100 | +800 | +800 | ||
| +1100 | +1000 | +1300 | +1500 | +950 | +1300 | +1000 | ||
| +1600 | +1600 | +1600 | +1500 | +1600 | +1600 | +1600 | ||
| +2500 | +2500 | +2500 | +2000 | +2700 | +2500 | +2500 | ||
| +3000 | +2500 | +3000 | +2500 | +3000 | +3000 | +3000 | ||
| +4500 | +5000 | +4500 | +4000 | +4500 | +4000 | +4000 | ||
| +7500 | +10000 | +7500 | +8000 | +7000 | +7500 | +8000 | ||
| +8000 | +6600 | +8000 | +9000 | +8000 | +7500 | +10000 | ||
| +7500 | +10000 | +12000 | +9000 | +6500 | +10000 | +10000 | ||
|
| ||||||||
2026 NBA Finals Odds
Thunder Rumbling
LATEST UPDATE: The San Antonio Spurs are the flavor of the past month in BetMGM's NBA Finals odds. As of March 31, Victor Wembanyama & Co. are on a nine-game win streak that's actually part of a massive 24-1 tear dating to Feb. 1.
That's got the Spurs at 57-18 on the season, the second-best record in the NBA, behind only the Oklahoma City Thunder.
In the past month, that's gotten the attention of oddsmakers and bettors alike. San Antonio is all the way up to the second choice in NBA futures odds, at +450. That's after starting out at +2500 last summer.
On March 1, the Spurs were No. 3 in tickets and money at BetMGM. Now, they're No. 1 in both. And recently, San Antonio took a $50,000 bet at +650 to win the title, for a potential profit of $325,000.
Further, it's worth noting that the Spurs are 4-1 against the Thunder this season.
"The Spurs are an intriguing team for a multitude of reasons, the most obvious being Wemby," BetMGM trading manager Hal Egeland said. "He's clearly ascended to being one of the best players in the league and is tremendously popular.
"Pair that with the Spurs' success against the Thunder, and it's no surprise bettors are interested in San Antonio."
Still, defending champion Oklahoma City (60-16) remains the favorite, now at +145. In fact, the Thunder are running hot again, going 15-1 in their last 16 games. You might recall that the Thunder began the season 24-1.
Last summer, OKC opened as the +240 favorite in 2025-26 NBA Finals odds. Just before Christmas, the Thunder were all the way into a tidy +110. They've been in the +140/+150 range the past couple months.
Oklahoma City is No. 2 in tickets, and after spending much of the season with a sizable lead in money, the Thunder are now No. 2, trailing San Antonio by a fair margin.
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 top five in ticket count in BetMGM's NBA championship odds:
- Spurs
- Thunder
- Nuggets
- Pistons
- Celtics
And the top five in money in BetMGM's NBA Finals futures odds:
- Spurs
- Thunder
- Nuggets
- Pistons
- Celtics
The Boston Celtics weren't in BetMGM's top five in tickets or money on March 1, so they've surged, as well. Jayson Tatum returned March 6 from a torn Achilles suffered in last season's playoffs, and the Celtics (50-25) are now the +700 third choice in odds to win the NBA Finals.
Rounding out the top five in NBA championship odds are the Cleveland Cavaliers (47-29) at +1000 and Denver Nuggets at +1100. The Nuggets (48-28) have slid out a bit since March 1, when they were the +700 co-second choice.
Drawing Dollars
Egeland noted three teams getting bettors' attention over the past couple weeks: Obviously San Antonio, but also Boston and Detroit.
"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.
"When there's a big favorite, as the Thunder have been all season, it pushes out prices for other teams. So the Spurs and Celtics have had some pretty decent prices for customers to bet into."
Through games of March 30, Detroit is 55-21, the best record in the Eastern Conference. The Pistons are +2500 in NBA championship odds.
"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, most notably:
- Los Angeles Lakers
- Los Angeles Clippers
- Spurs
The Lakers looked as if they were out of it a month ago, but are now on a notable upswing. On March 1, Los Angeles was a distant +8000 in NBA Finals futures odds, with a 35-24 record. Since then, the Lakers have gone a stout 15-2, improving to 50-26.
BetMGM responded by shortening L.A. all the way to +2500, the co-seventh choice with the Pistons. On the flip side, the Clippers are +15000 long shots (150/1).
Among BetMGM's best outcomes in NBA Finals futures:
- Cavaliers
- Timberwolves (+5000)
- Rockets (+10000)
- New York Knicks (+1600)
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!
