NBA Finals odds for 2023-2024 NBA season: Denver Nuggets early favorite to repeat

With the 2022-2023 season in the books, many basketball fans are now wondering about the NBA Finals odds for next season. Well, look no further because this space will have you covered with the betting odds for all 30 teams heading into the NBA Draft and NBA free agency this summer. Bookmark the page to stay up to date with the late odds for the 2023-2024 NBA Finals.

Related: Top 2023 NBA free agents – Best 100 available with positional breakdowns

The idea of picking the correct champion out of 30 teams can be challenging but some teams should be cleared out of your mind as they have the proverbial snowball’s chance in Hell. But there are quite a few worth risking your money for.

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.

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2023-2024 NBA Finals odds

NBA Finals odds for 2023-2024 NBA season: Denver Nuggets early favorite to repeat
Credit: Ron Chenoy-USA TODAY Sports
Team NBA Finals odds
Denver Nuggets +475
Boston Celtics +550
Phoenix Suns +650
Milwaukee Bucks +700
Los Angeles Lakers +1200
Philadelphia 76ers +1300
Golden State Warriors +1300
Miami Heat +1400
Los Angeles Clippers +1800
Dallas Mavericks +2000
Memphis Grizzlies +2500
Cleveland Cavaliers +2800
New Orleans Pelicans +4000
New York Knicks +5000
Sacramento Kings +5500
Atlanta Hawks +6000
Minnesota Timberwolves +7500
Toronto Raptors +9000
Brooklyn Nets +9000
Oklahoma City Thunder +10000
Portland Trail Blazers +120000
Chicago Bulls +150000
San Antonio Spurs +200000
Orlando Magic +300000
Utah Jazz +300000
Houston Rockets +350000
Indiana Pacers +500000
Washington Wizards +600000
Charlotte Hornets +600000
Detroit Pistons +600000

The current favorite: Denver Nuggets (+475)

NBA Finals odds for 2023-2024 NBA season: Who are the favorites to start the new season?
Credit: Isaiah J. Downing-USA TODAY Sports

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.

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 smart risk: Milwaukee Bucks (+700)

nba finals odds
Credit: Michael McLoone-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.

One-time league MVP Giannis Antetokounmpo will not be happy with that disappointment and will surely do all he can to perform far better in the 2024 playoffs. They have been a top contender the last few years and will likely be again and are a smart risk among the NBA Finals odds next season.

The Darkhorse: Los Angeles Lakers (+1200)

nba finals odds
Credit: Gary A. Vasquez-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.

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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 darkhorse 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 change the roster.

While much of the championship roster from two years ago is there, it is also the same group that fell to the Lakers in the semis last season. While the Warriors are the league’s current dynasty team, all dynasties come to an end and we are in the midst of Golden State’s decline.

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

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