The word “dynasty” gets tossed around a lot in the NBA, but after the Golden State Warriors won the 2022 NBA Championship, oddsmakers have already placed them as the betting favorite for 2023.

According to online sportsbook BetMGM, the Warriors have +500 odds (16.7% implied probability) for NBA Championship odds and to repeat as champions for the second time in franchise history. The Warriors fended off the Boston Celtics in six games to win their fourth title in eight seasons.

 

Following the Dubs for odds to win the NBA Championship are the reigning Eastern Conference Champions, the Boston Celtics at +650. The Celtics are expected to bring the band back together for another run to the NBA Finals, and with the majority of Boston’s roster under 30 years old along with a stout defense, the C’s could be in a great spot heading into next season.

The biggest hurdle for the Celtics’ NBA title odds isn’t in the NBA Finals but likely in their own conference with the Brooklyn Nets (+700) and Milwaukee Bucks (+750). The Nets still have an all-star duo in Kevin Durant and Kyrie Irving, while the Bucks pushed the Celtics to seven games and have arguably the best two-way player in the world in Giannis Antetokounmpo

In the Western Conference, the next team behind the Warriors for odds to win the NBA Championship isn’t the Phoenix Suns (+900) or the Dallas Mavericks (+1400). It’s the Los Angeles Clippers at +750. The Clip-Show should have a healthy Kawhi Leonard back in the fold to complement Paul George, and when healthy, they could be argued as the best one-two punch in the NBA.

Let’s take a look at why oddsmakers have the Warriors as the NBA Championship favorites heading into the NBA Draft and if there’s a longshot team worth consideration to win the title:

 

Who Will Win The NBA Championship? 

TeamOdds (BetMGM)
Golden State Warriors+500
Boston Celtics+650
Brooklyn Nets+700
Los Angeles Clippers+750
Milwaukee Bucks+750
Phoenix Suns+900
Dallas Mavericks+1400
Denver Nuggets+1400
Memphis Grizzlies+1400
Miami Heat+1400
Philadelphia 76ers+1400
Los Angeles Lakers+2200
New Orleans Pelicans+3500
Utah Jazz+4000
Chicago Bulls+6600
Minnesota Timberwolves+6600
Toronto Raptors+6600
Atlanta Hawks+8000
Charlotte Hornets+10000
Cleveland Cavaliers+10000
Portland Trail Blazers+10000
Indiana Pacers+25000
New York Knicks+25000
San Antonio Spurs+25000
Washington Wizards+25000
Detroit Pistons+75000
Sacramento Kings+75000
Houston Rockets+100000
Oklahoma City Thunder+100000
Orlando Magic+100000

Why are the Golden State Warriors Favored For NBA Championship Odds?

It’s easy for oddsmakers to want to put the reigning NBA Champion as the betting favorite once the NBA Finals have concluded, but the Golden State Warriors actually have room to grow. The Warriors knocked off the Celtics in six games with a wealth of playoff experience and savvy led by Stephen Curry, Draymond Green and Klay Thompson, but it’s the next generation where the Dubs may be set up for success.

The trio of James Wiseman, Jonathan Kuminga and Moses Moody have a combined four NBA seasons together and have shown glimpses in their brief time in the league. The next generation on this roster could be the element that pushes the Warriors into dynasty territory, because they can complement the veterans on this squad. 

At +500, the Warriors are certainly worthy of a bet if you think they can repeat with the roster as currently constructed. As long as Curry is healthy and the defensive principles from head coach Steve Kerr are intact (105.5 points per game allowed, ranked third in NBA), Golden State will be in the thick of the NBA Championship hunt for years to come.

Can the Celtics Make Another Run To NBA Finals?

Despite knocking off the Nets, Bucks and Heat en route to the NBA Finals, it was a disappointing end for the Boston Celtics. The Celtics were looking to win the NBA title for the first time since 2008, and after falling short in 2022, sportsbooks are still high on Boston for odds to win the NBA Championship; specifically because of the Celtics defense.

The C’s bread-and-butter has been their defensive flexibility along with having a roster that can defend almost any style (except for the Warriors). Boston ranked first in opponent scoring (104.5 PPG per game) along with opponent field-goal percentage and three-point shooting percentage. This carried over all the way to the NBA Finals, but it wasn’t defense that limited the potential, it was the offense. 

Although the Warriors played the Celtics tight and limited opportunities, all-stars like Jayson Tatum and Jaylen Brown didn’t shoot the ball well when it mattered. Tatum, in particular, was horrendous in the fourth quarters of the NBA Finals, shooting 24% from the field. If the primary scoring option can’t close, the team won’t win games. It’s pretty simple.

These are small corrective things the duo can work on in the offseason, but at +650, bettors should be cautious of banking on a team that shrinks offensively in the biggest games.

Longshot Bet To Consider For Odds To Win NBA Championship

Although the NBA is consistently driven by a lack of parity, certain teams could make a huge impact for the 2022-2023 season and potentially win the NBA Championship. Like any longshot bet, it's not probable until it is. Here is one team worth considering for NBA Championship odds:

New Orleans Pelicans +3500 Odds To Win NBA Championship

I’ve already been laughed off Twitter for even implying the Pelicans have a shot to win the NBA Championship, but there’s few teams in the Western Conference that have this much upside for improvement. The Pelicans had a remarkable turnaround this past season after one of the worst starts imaginable. 

After starting the season with a woeful 3-16 record and superstar Zion Williamson suffering a foot injury, it was hard to envision how this team could compete with anyone. While they still finished the season 36-46, it was the trade for CJ McCollum before the trade deadline that gave this team a push. The duo of McCollum and Brandon Ingram righted the ship and snuck in the playoffs to push the Suns to six games in the first round. Now, they’re getting a player back who made an All-NBA team as a 20-year-old while shooting 60% from the field? The upside on this team is hard for any other to match if the Pelicans play to their potential. The big IF, and 300-pound elephant in the room, is Zion. 

Reports of his practice habits (or lack thereof), weight issues and overall durability make this bet a longshot for a reason. If Williamson isn’t in attack mode and one of the best scorers in the NBA like in his second season, this bet has no shot. Not to mention, if Zion ingratiates on the Pelicans roster with Ingram’s style. Both players, along with McCollum, need at least 15-20 shots to be successful, which means one of this trio is going to need to make sacrifices.

At +3500, I’d much rather bank on head coach Willie Green to get this roster aligned and ready to compete as opposed to the Los Angeles Lakers (+2200) or Utah Jazz (+4000). If the Pelicans come out strong and get at least a top-three record in the West before the playoffs, these odds will drop dramatically. 

(Sign up for FTN Bets today for $49.99 a month!)

Understanding 2023 NBA Championship odds 

The time has come for you to bet on the 2023 NBA Championship odds but you don’t know where to start or what the numbers beside the teams mean. No problem because FTNBets will explain it below. The first thing a new bettor needs to do is set up a sportsbook account that is available in your state and then deposit money to bet with. Once that’s complete, you’re ready to bet on odds to win the NBA Championship.

When you go to your sportsbook of choice, you’ll notice the odds for each team are listed like this:

Golden State Warriors +500
Boston Celtics +650
Brooklyn Nets +700
Milwaukee Bucks +750

The numbers beside each team represent American odds, which means it’s what your potential payout would be if you were to bet $100 on that option. The team with the lowest number beside them is considered the betting favorite for this market. In this case, that’s the Warriors at +500.

If you think the Golden State Warriors will win the 2022-2023 NBA Championship and you bet $100 on them, you’d win $600 from your sportsbook — your $100 is returned and you’re rewarded with $500 in profit. On the flip side, let’s say you think the Milwaukee Bucks will return to championship glory and you bet on them for NBA title odds, you’d win $750 in profit for a $100 bet from your sportsbook.

Check out the FTNBets Parlay Calculator to see how much you’d win based on the odds and amount wagered.

What are NBA Futures?

NBA Futures bets are on events in an upcoming season that have yet to take place. These include markets like NBA MVP, NBA Rookie of the Year, Conference winners and much more. Part of the reason why futures bets such as NBA Championship odds have such high value compared to betting on individual games is you have to make a bet like this far in advance. This, in turn, ties up potential bankroll.

To make an NBA Futures bet on NBA title odds, you would first read the FTNBets article above and compile enough statistics and information to handicap your potential bet. Once you’ve made your decision on which team you think has what it takes to win it all, you’re ready to go. 

For more info on how to bet on NBA games, be sure to check out the latest NBA Odds.