2023 NBA championship odds: Updated title odds as NBA playoffs begin

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As the NBA playoffs tip off on Tuesday, here’s a look at updated NBA championship odds. The Milwaukee Bucks remain the favorites to take home the trophy, but a couple of teams aren’t far behind.

The Bucks finished the regular season holding onto their lead in the Eastern Conference to remain the No. 1 seed. The Boston Celtics, the preseason title favorites, had a rocky stretch in March, which to lose control of the first sowing. They ended up finishing the season opener game behind the Bucks as the #2 seed.

In the Western Conference, the Phoenix Suns had flown under the radar all season, but they did their best at the deadline, trading for star Kevin Durant. Their odds have shortened significantly since the switch, going 8-0 in the games KD has played this season.

Let’s look at updated championship futures for all teams, with odds through FOX Bet.

2022-23 NBA Title Odds (via FOX Bet)*

Milwaukee Bucks +230 (bet $10 to win $33 total)
Boston Celtics +360 (bet $10 to win $46 total)
Phoenix Suns +450 (bet $10 to win $55 total)
Golden State Warriors +750 (bet $10 to win $85 total)
Philadelphia 76ers +850 (bet $10 to win $95 total)
Denver Nuggets +1000 (bet $10 to win $110 total)
Los Angeles Lakers +2200 (bet $10 to win $230 total)
Memphis Grizzlies +2500 (bet $10 to win $260 total)
LA Clippers +4000 (bet $10 to win $410 total)
Cleveland Cavaliers +4000 (bet $10 to win $410 total)
Sacramento Kings +5000 (bet $10 to win $510 total)
New York Knicks +12500 (bet $10 to win $1,260 total)
Miami Heat +20000 (bet $10 to win $2,010 total)
Toronto Raptors +25,000 (bet $10 to win $2,510 total)
The Minnesota Timberwolves +25,000 (bet $10 to win $2,510 total)
Atlanta Hawks +25,000 (bet $10 to win $2,510 total)
Brooklyn Nets +30,000 (bet $10 to win $3,010 total)
New Orleans Pelicans +45,000 (bet $10 to win $4,510 total)
Chicago Bulls +50,000 (bet $10 to win $5,010 total)
Oklahoma City Thunder +50,000 (bet $10 to win $5,010 total)

* odds as of 10/4/2023

The Bucks claiming the top seed in the East is important. They will have home field advantage throughout the postseason, which has proven to be crucial. Do the Celtics or Sixers have what it takes to take down the 2021 NBA champions? At +850, the Sixers and MVP favorite Joel Embiid are certainly an intriguing bet.

The Kings ended the longest postseason drought in NBA history (16 seasons). Does the No. 3 seed in the West have what it takes to make a run? Sacramento’s odds have been shortened to +5000 after starting the season at +50000. While young and unproven, they offer great value as they have played consistent ball all season, and Domantas Sabonis and De’Aaron Fox have proven to be a great tandem.

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The Lakers’ odds have remained steady over the past two months. With Lebron James back from injury, no one wants to see this hot Lakers team. The Lakers will face the Timberwolves in the play-in game. Expect their odds to drop if they can make it past the first round: The Lakers are at +2200, the best among playoff teams.

So who are you throwing some money at to win it all? The NBA postseason is here, so it’s time to bet on FOX Bet!

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