NBA Finals odds for 2023-2024 NBA season: Bucks and Celtics the early favorites

With the 2023-2024 about to kick off, many basketball fans are wondering about the NBA Finals odds for the upcoming season. Well, look no further because this space will have you covered with the latest championship betting odds for all 30 teams.

Trying to figure out which team is worth placing bets on can be challenging but some are easy to eliminate from the potential options because they have the proverbial snowball’s chance in Hell. But there are quite a few worth risking your hard-earned money on.

Related: NBA playoff predictions – Bracket picks & 2024 Finals champion

Without further ado, let’s take a look at the latest NBA Finals odds from DraftKings and analyze three worthwhile bets and one that will be a sure loser.

2023-2024 NBA Finals odds

NBA Finals odds for 2023-2024 NBA season: Bucks and Celtics the early favorites
Credit: Isaiah J. Downing-USA TODAY Sports
Team NBA Finals odds
Milwaukee Bucks +400
Boston Celtics +400
Denver Nuggets +550
Phoenix Suns +650
Los Angeles Lakers +1200
Golden State Warriors +1300
Philadelphia 76ers +1800
Los Angeles Clippers +1800
Dallas Mavericks +2200
Miami Heat +2800
Memphis Grizzlies +3000
Cleveland Cavaliers +3000
New Orleans Pelicans +5000
New York Knicks +5000
Sacramento Kings +5500
Minnesota Timberwolves +7000
Atlanta Hawks +7500
Oklahoma City Thunder +8000
Brooklyn Nets +13000
Toronto Raptors +15000
Chicago Bulls +20000
Indiana Pacers +30000
Orlando Magic +40000
Houston Rockets +40000
San Antonio Spurs +50000
Portland Trail Blazers +50000
Utah Jazz +50000
Charlotte Hornets +50000
Detroit Pistons +60000
Washington Wizards +100000

Also Read: Who is the oldest NBA player? (All-time and active)

The current favorite: Milwaukee Bucks (+400)

nba finals odds
Credit: Benny Sieu-USA TODAY Sports

The Milwaukee Bucks were shockingly, and embarrassingly eliminated from the 2023 NBA playoffs by the Miami Heat in the first round. After being the top seed in the sport, they were on the wrong end of history by being the second one-seed to fall to an eight. However, fans should expect the Bucks to come back with a vengeance next season.

The main reason is their bold decisions to switch coaches and make a pre-training camp blockbuster trade for superstar point guard Damian Lillard. It is no surprise that the combo of Lillard and incumbent superstar Giannis Antetokounmpo led to a major jump in the odds for Milwaukee.

NBA Championship odds smart risk: Denver Nuggets (+550)

At the end of the 2022-2023 season, two-time NBA MVP Nikola Jokic and his Denver Nuggets teammates delivered on the promise they have long shown and brought the franchise its first NBA title. They were a dominant force throughout the postseason and seemed to only get better in the later rounds.

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It is no surprise they are the favorites to repeat in 2024 since all of the key elements for the roster will be back next season. Furthermore, they all now know what it takes to be a world champion and there is a strong chance they are an even better team due to that experience and an even higher level of confidence.

The Darkhorse: Los Angeles Lakers (+1200)

nba finals odds
Credit: Jonathan Hui-USA TODAY Sports

One of the interesting darkhorse options among the NBA Finals odds is the Los Angeles Lakers at +1200. The team made it all the way to the Western Conference Finals in 2023 and is likely to be even better in year two for head coach Darvin Ham. Plus, with Lebron James’ title window as small as ever he will be motivated to get one more championship.

Also Read: 20 Worst NBA players of all-time

Furthermore, if they can make some roster tweaks and retain young talents like Austin Reaves and Rui Hachimura, they can definitely take another step forward to the NBA Finals in 2024 and are strong dark horse contenders.

Pick to avoid: Golden State Warriors (+1300)

nba finals odds
Credit: Kyle Terada-USA TODAY Sports

It is always hard to bet against the Golden State Warriors, but in 2024 it is probably safe to say they won’t win a championship. Sure, many of the same pieces from the team that won it all in 2022 will be there again, but they are all a year older and the team has very limited means to make major changes to the roster.

Related: 25 highest paid NBA players – Milwaukee Bucks now have two of the richest

While they did make one notable switch this summer in shipping out Jordan Poole and adding future Hall-of-Famer Chris Paul, it is a move that strengthens them just on paper. But won’t really bear the sort of long-term fruit come spring that some Warriors fans are hoping for.

This article was originally published on and is republished here with permission.

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