Each season, the betting odds to win the 2024 NBA championship vary throughout the season for all 30 NBA teams. The odds to win the NBA championship offer high value when it comes to determining the correct team to win the championship. With NBA futures bets, you have the chance to see the recent history of odds and who is the current favorite. 

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Latest 2023-24 NBA championship odds

Favorites to Win NBA Finals

• Boston Celtics -155
• Denver Nuggets +350
• Dallas Mavericks +800
• Minnesota Timberwolves +850

NBA Finals Underdogs

• Dallas Mavericks +800
• Minnesota Timberwolves +850

Opening Odds for the 2023-24 NBA Season

Popular NBA Futures Odds & Bets

NBA Playoff Odds 

The introduction of the new playoff format completely changed the dynamics of the playoffs and the entire NBA betting landscape. Instead of the automatic qualification of the top 8 teams in each conference, teams now have to battle it out in a play-in tournament for the 7th and 8th seed. 

The new format presents wagers with an opportunity to choose which teams are going to make it into the playoffs and which teams are expected to make it out of the play-in tourney. 

NBA Eastern Conference Odds

While the Eastern Conference has not been as competitive as the Western conferences, it still has managed to live to expectations. Unlike previous years, many written off teams have risen to the occasion and caused some of the biggest upsets in the history of the league. 

Throughout the previous years, the Boston Celtics have continued to rule the Eastern conference with an iron fist, decimating every team along the way. As things stand, the Boston Celtics remain the favorites to clinch the Eastern Conference at -800.

NBA Western Conference Odds

Ever since time in memorial, the Western Conference has always been one of the most competitive conferences in the league. As a matter of fact, it was so competitive that the NBA was forced to scrape off the traditional Western vs Eastern conference format at the NBA All-Star games until this year. 

Even though the Golden State Warriors reigned supreme in the Western Conference for the last few years, a new kid on the block rose from the ashes of oblivion and is now the favorite to clinch the west. Despite struggling against an agile Minnesota Timberwolves, the Denver Nuggets still have one more chance to redeem themselves at home heading into Game 7 of the Western Conference semifinals. 

They currently have the highest odds in the Western Conference and the 2nd highest odds to win the NBA finals, heading into their highly anticipated Game 7 clash against the Minnesota Timberwolves today. 

NBA MVP Odds

The regular season MVP trophy is arguably one of the most coveted trophies in the league and throughout the world. Named after the greatest player of all time, the Michael Jordan NBA MVP trophy is decided by a panel that consists of veteran broadcasters and sports writers throughout the United States and Canada.

During the 2023/2024 season, Nikola Jokic was pitted by many betting sites as the most favorite to win the award at -250. And true to the 2024 NBA MVP Odds and projections, Nikola Jokic managed to win his 3rd NBA MVP award in an impressive fashion. 

NBA Rookie of the Year Odds

The NBA Rookie of the year award, is the only award in the history of the NBA that's guaranteed to go to a new player every single year. While some players who won this highly coveted award went ahead to become all-time greats, there are those who scooped the award and still struggled to make the most of their NBA careers.

That being, even though it's possible to have a few surprises every now and then, history has shown that candidates who led the NBA ROY futures market often won the award. That being said, despite facing stiff competition from Chet Holmgren, the 2024 NBA Rookie of the Year, Victor Wembanyama was miles ahead in terms of individual stats and overall impact on the floor. 

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Past NBA Championship Winners and Opening Odds

How To Make Informed Bets on the 2024 NBA Championship?

Making informed bets on the NBA championship often boils down to your overall strategy and approach. Before betting on the 2024 NBA Championship winner, it’s important to first put various factors into consideration.

These factors include;

• Regular season performance
• Playoff match-ups
• Historical Trends
• Player match-ups
• And many others

Strategizing Your Bets Based On Regular Season Performance and Playoff Matchups

Regular Season Performance

Before placing a wager on the 2024 NBA finals, the first thing that you may want to consider is historical performance. You will first want to analyze a team’s record as well as the team’s defensive and offensive statistics. In addition, you will also want to look at the team’s performance against key opposition during the regular season. How did the team fare against these significant teams? Was the team dominant or did it struggle finding its offensive rhythm?

Player Health and Statistics

In addition to assessing a team’s regular season performance, you will also want to monitor the health and overall well-being of key players during the regular season and off-season. Many times, injuries to various key players may end up having a great impact on how a team performs in the postseason and its overall chances of winning the Larry O’Brien trophy.

Playoff Match-Ups

Many at times, play-off match-ups will often tell you all you need to know about how a given series is going to end. In certain instances, there are teams that may end up receiving more favorable match-ups in comparison to other teams. This can be mainly due to their playing style or their overall line-ups/roaster make-up.

Historical Performance

Apart from the play-off match-ups, you will also want to look at the historical trends and data. This can include a team’s overall performance in previous play-off match-ups, specifically in similar situations. In addition, you will also want to look at the previous NBA champions, how they fared against the opposition from the first play-off match and the things that made these teams stand out. 

Current Form

On many occasions, teams that often end the regular season with an incredible form or run, will undoubtedly continue with their form into the post-season. Thus, it’s extremely important to always look at how certain teams performed during the final stretch of the regular season. If a team was on a winning streak or on an incredible run, then chances are the team will continue to perform exceptionally well heading into the play-off.

In addition, you may also want to consider the changes made to the team dynamics, strategic shifts which may impact a team’s overall performance or general roster adjustments. 

Coaching and Experience

Finally, before placing an NBA championship future bet, you will also want to do a thorough evaluation of the coaching staff and their overall playoff experience. Highly experienced coaches, especially those who have made several playoff appearances may end up becoming the determinant factor in close games or those tricky match-ups. 

Utilizing Sportsbooks Like DraftKings for NBA Title Odds and Wagering Options

If you are planning on getting a better ROI or simply getting the best NBA odds in the market, then it’s important to always work with a reliable sportsbook. Furthermore, you will also want a sportsbook that provides bettors access to a wide range of markets and competitive odds. That’s where DraftKings comes in. That being said, how exactly can one leverage DraftKings for NBA title odds and wagering options?

Explore the Betting Markets

The first thing that you may want to do is explore the NBA betting markets. To do this, begin by first visiting DraftKings either via the mobile app or through their official website. You will then navigate to the NBA section and then begin to explore the various betting markets.

Review the Odds and Options

Once you have access to the betting markets, you will then want to review the NBA title odds for each team. Since DraftKings caters for a northern American market, the odds will be presented in American, fractional and decimal formats. You will then want to compare these odds with those offered by other sportsbooks to identify value betting opportunities. 

Consider Wagering Options

Like many other well-established sportsbooks, DraftKings offers numerous wagering options, well beyond the usual NBA championship bets. With DraftKings, players can place different types of bets including 

• moneyline bets
• Prop Bets
• Over/Under bets
• Point Spread
• Parlays
• And so much more

Take Advantage of Bonuses and Promotions

In addition to different types of wagering options, punters should also keep an eye on bonuses and promotions offered by some of the best sports betting sites in the world such as  DraftKings during the playoffs and even during the regular season. Some of the bonuses and promotions offered by DraftKings includes;

• Deposit Bonuses
• Free Bets
• Special offers for NBA betting

Tips for Successful NBA Championship Betting and Maximizing Your Winnings

Unlike other types of bets such as prop bets, NBA championship bets not only offer bettors a great return on investment, but they also do come with a significantly great amount of risk as anything can happen between the commencement of the season and the postseason. That’s why it’s extremely important to always have a proven strategy that’s guaranteed to get you the best results. 

The key to getting a winning formula is to properly analyze each team. Look at both their strengths and weaknesses as well as their match-ups along the way. Get to know much more about each team. Are they an offensive team or do they rely heavily on their defensive prowess?

In addition, you will also want to look at home court advantage especially in a best of 7 series. According to research, teams with the home court advantage often end up winning more than 65% of these games especially during the postseason. 

During the NBA playoffs in a game of 7 series, the higher seeded team will end up playing at home first. This type of approach often ends up giving the stronger or better team the upper hand. This often results in much better odds for the stronger team, due to the home court advantage at the start of the series. 

In addition to the home court advantage, you may also want to look at which of the two teams is likely to go the distance. Many times, teams that have been together for long, are able to easily adapt or have a more experienced coaching staff, are more likely to find that extra gear when it matters the most. 

Winning the playoffs, specifically the NBA championships is all about learning the strengths and weaknesses of your opponent and then implementing a series of strategies to off-set any imbalance. This is one of the main reasons why some teams often bounce back especially after being written off by pundits and sports analysts. 

Thus, it’s extremely important to carefully analyze each team as well as the coaching staff to get a clear picture of how a team will perform during a playoff series or the NBA finals. 

Finally, it’s also important to point out that more than 98% of teams in the NBA to win a championship managed to do so, with either a current or former NBA MVP. 

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