2023-24 NBA Championship Odds: Nuggets Favored To Repeat Per Post-Draft Prices

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The NBA offseason is well underway, as the draft has wrapped up, the summer league is over, and big trades have started to go down. With each offseason move, depending on the magnitude, oddsmakers adjust NBA championship odds for the 2023-24 season, giving bettors a chance to place some action before opening night.

Big moves have shifted the odds, including the Boston Celtics trading for Kristaps Porzingis and saying goodbye to Marcus Smart. Prior to that trade, Boston was +550 to win the NBA Finals at BetMGM. As of July 24, 2023, the Celtics (+500) are slightly behind the Denver Nuggets (+475) in odds to win the NBA Finals 

At the top US sports betting apps, you can already place wagers on 2024 NBA Finals odds, win totals, player awards, and conference championship odds, amongst other things. Here, we look at the NBA futures odds for the upcoming season.

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Odds to Win 2023-24 NBA Championship

The Nuggets won their first NBA title in franchise history, knocking off the Miami Heat in five games. Denver took it to another level once the playoffs began and was practically unbeatable.

2024 NBA Championship odds

While Denver is the favorite to win the NBA Finals, the Celtics are not too far behind, with FanDuel listing them as a slight +470 favorite. The Suns also got a bump in NBA futures odds after acquiring Bradley Beal, as BetMGM and Caesars Sportsbook have odds set at 6/1.

The Miami Heat have also seen a jump in NBA Finals odds with rumors of an impending Damian Lillard trade. You can get the Heat’s odds to win the Finals as low as 9/1 at DraftKings. 

Below, we list the NBA championship odds from some of our favorite mobile sportsbooks to ensure you get the best price for your NBA Futures wager.

TeamDraftKingsFanDuelBetMGM (Code TODAY)Caesars (Code 'TODAYFULL')
Denver Nuggets+475+480+475+450
Boston Celtics+500+470+500+500
Phoenix Suns+650+650+600+600
Milwaukee Bucks
+850+600+700+700
Miami Heat+900+1000+1000+1000
Los Angeles Lakers+1200+1500+1200+1300
Golden State Warriors+1300+1400+1200+1300
Philadelphia 76ers+1500+1700+1600+1400
Los Angeles Clippers+1800+2000+1800+1800
Dallas Mavericks+2200+2400+2000+2000
Memphis Grizzlies+2800+3000+2500+2000
Cleveland Cavaliers+3000+2000+2500+2500
New Orleans Pelicans+4500+4700+4000+3300
New York Knicks+5000+5500+5000+4000
Sacramento Kings+5500+5000+5000+3300
Atlanta Hawks+6500+7500+8000+7500
Brooklyn Nets+7000+10000+8000+10000
Minnesota T'Wolves+7500+8500+6600+7500
Toronto Raptors+10000+10000+10000+10000
OKC Thunder+10000+8500+8000+7500
Chicago Bulls+17000+13000+15000+12500
San Antonio Spurs+20000+25000+25000+15000
Portland Trail Blazers+25000+25000+25000+20000
Utah Jazz+25000+25000+25000+20000
Indiana Pacers+30000+25000+25000+25000
Orlando Magic+30000+35000+25000+17500
Charlotte Hornets+50000+50000+50000+50000
Houston Rockets+50000+35000+25000+25000
Detroit Pistons+60000+50000+50000+50000
Washington Wizards+100000+50000+50000+60000

NBA Conference Championship Odds

Last year, the Miami Heat opened at +800 to win the East and were 60/1 at the start of the playoffs. This does not mean you should go crazy betting on the long shots to win the conference, but it shows that sometimes taking a deeper look at the value is well worth it. 

With the Celtics among the favorites to win the NBA Finals, they have the shortest odds to win the East, with Milwaukee right behind them.

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In the West, Denver is favored to return to the Finals, but the new-look Phoenix Suns are close behind them, and the Golden State Warriors and Los Angeles Lakers are also given realistic chances by the betting market.

Eastern Conference Champion Odds

Here are the odds to win the Eastern Conference Championship as of Monday, July 24.

TeamDraftKingsFanDuelBetMGM (Code TODAY)Caesars (Code 'TODAYFULL')
Boston Celtics+215+210+190+200
Milwaukee Bucks+320+290+280+275
Miami Heat+400+450+425+400
Philadelphia 76ers+650+650+700+650
Cleveland Cavaliers+1000+950+900+900
New York Knicks+1800+1800+2200+1600
Atlanta Hawks+2200+3000+3000+2500
Brooklyn Nets+2200+4500+3000+2500
Toronto Raptors+3500+4500+4000+5000
Chicago Bulls+6000+6500+6600+7500
Orlando Magic+10000+15000+10000+7500
Indiana Pacers+11000+12000+10000+10000
Charlotte Hornets+25000+25000+25000+25000
Detroit Pistons+30000+25000+25000+20000
Washington Wizards+50000+35000+25000+30000

Western Conference Championship

Here are the odds to win the Western Conference Championship.

TeamDraftKingsFanDuelBetMGM (Code TODAY)Caesars (Code 'TODAYFULL')
Denver Nuggets+250+240+240+230
Phoenix Suns+350+310+325+290
Golden State Warriors+650+600+650+650
Los Angeles Lakers+750+900+650+900
Los Angeles Clippers+1000+1000+1000+900
Dallas Mavericks+1200+1200+1100+1200
Memphis Grizzlies+1300+1200+1400+1000
New Orleans Pelicans+2000+2300+2200+2500
Sacramento Kings+2500+2900+2500+1800
Minnesota Timberwolves+3500+4200+3500+3500
OKC Thunder+5000+4200+4000+3500
Portland Trail Blazers+10000+10000+15000+8000
Utah Jazz+10000+12000+12500+10000
San Antonio Spurs+10000+12000+12500+7500
Houston Rockets+20000+13000+15000+7500

NBA Player Awards Odds

One of the most popular forms of betting on the NBA is player awards. This includes NBA MVP odds, Rookie of the Year odds, and much more. As we get closer to the season, more and more player award odds will come available.

For now, most sportsbooks have odds only for MVP and ROY. According to some of our favorite sportsbooks, Nikola Jokic is favored to win his third MVP, while San Antonio Spurs No. 1 overall pick, Victor Wembenyama, is the odds-on favorite to win Rookie of the Year.

NBA MVP Odds

The top names in the game headline the odds of winning NBA MVP, starting with Jokic. After an incredible playoff run that ended with an NBA title, Jokic proved that he is the best player on the planet and should have received his third-straight MVP. Instead, this past season’s award when to Joel Embiid, who is the early fourth betting choice to win MVP again next season, just behind Luka Doncic and Giannis Antetokounmpo.

There are many big names on the MVP odds board, and there is value to be found. Here, we will list the top five favorites to win NBA MVP next season.

NameDraftKingsFanDuelBetMGM (Code TODAY)Caesars (Code 'TODAYFULL')
Nikola Jokic+450+430+400+375
Luka Doncic+500+650+500+500
Giannis Antetokounmpo+550+500+550+550
Joel Embiid+650+700+600+850
Jayson Tatum+900+800+900+900

Rookie of the Year 

Wembanyama is officially a San Antonio Spur, which means we can start projecting how each rookie will perform with their team.

It does not matter which sportsbook you use to bet on Rookie of the Year: Wembanyama is heavily favored to win. However, this is a very talented class, and in addition to Portland’s Scoot Henderson and Charlotte’s Brandon Miller as top draft selections, last year’s No. 2 pick, Chet Holmgren, will be making his debut this season.

With Wembanyama listed as such a big favorite, there is a lot of value on other rookies to win ROY. If you really like the fit a player has on a team that just drafted them, you can get a nice chunk back. Henderson, for example, has the third-best odds to win the award, with FanDuel offering a +460 price.

Here are the odds to win NBA Rookie of the Year.

PlayerDraftKingsFanDuelBetMGM (Code TODAY)Caesars (Code 'TODAYFULL')
Victor Wembanyama-130-140-135-120
Chet Holmgren+350+400+350+250
Scoot Henderson+400+460+450+350
Brandon Miller+1200+1500+1300+1600
Amen Thompson+2500+4000+2500+2000

NBA Betting Bonuses

The season is still a few months away, but free agency is fast approaching. With each sports betting app having its own bonus offers for new customers, bettors can claim thousands in promotional offers for NBA futures bets. 

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photo contributor: lev radin

NBA Futures FAQs

Who is favored to win the NBA Finals?

The Denver Nuggets are favored to win the 2023-2024 NBA Finals, with DraftKings offering a +475 price.

Who is favored to win MVP in NBA?

Nikola Jokic is favored at most of the top sports betting apps to win NBA MVP, with BetMGM listing him at 4/1. 

Can I Bet On the NBA MVP? 

Yes, if you are in a state with online sports betting, you may bet on the NBA MVP odds. 

About the Author
DJ Corrigan

DJ Corrigan

Writer
DJ Corrigan is a sports betting writer for Gaming Today and has been covering the world of wagering since his days at Ohio State University. Corrigan's love of betting the Over and chasing the hungry dogs has led him to a career crunching numbers with an emphasis on NCAAF, NCAAB, NFL, and MLB betting.

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