It has been a month since WynnBET first released its 2023 NBA Championship odds, but we have already seen plenty of movement in this market over that span. Such is life when betting on this league.
No offseason can compare to the NBA, where stars frequently change teams and alter the landscape of the league. This summer, Kevin Durant is shaking things up by requesting a trade from the Brooklyn Nets. Where will he end up? What will happen to Kyrie Irving? The answers to these questions will have a drastic impact on the betting odds.
But we have already seen plenty of movement around the league following a wild start to free agency. As a result, it seems like a good time to see where things stand in the NBA championship market as of Friday, July 15.
Remember to view our sportsbook promotions for more details on new offers when betting online.
2022-23 NBA Championship Odds
Odds as of Friday, July 15:
Phoenix Suns +550
Boston Celtics +600
Golden State Warriors +650
Los Angeles Clippers +650
Milwaukee Bucks +700
Los Angeles Lakers +1200
Miami Heat +1200
Philadelphia 76ers +1400
Denver Nuggets +2000
Memphis Grizzlies +2000
Brooklyn Nets +2200
Dallas Mavericks +2200
Toronto Raptors +2500
Minnesota Timberwolves +3000
New Orleans Pelicans +4000
Atlanta Hawks +5000
Chicago Bulls +5000
New York Knicks +7500
Portland Trail Blazers +7500
Charlotte Hornets +10000
Cleveland Cavaliers +10000
Utah Jazz +10000
Detroit Pistons +25000
Oklahoma City Thunder +25000
Washington Wizards +25000
Houston Rockets +50000
Indiana Pacers +50000
Orlando Magic +50000
Sacramento Kings +50000
San Antonio Spurs +50000
Phoenix Suns Become New Title Favorites
When WynnBET opened this market, the Golden State Warriors were the betting favorites with a price of +550. The Warriors have won four titles over the last eight years, and always figure to be in the mix as long as Stephen Curry is leading the way.
But the Phoenix Suns have since taken their throne, at least from a betting perspective. Phoenix, which opened at +1000 to win the title, is now priced at +550 to capture the first championship in franchise history.
The Suns ascended to contender status during the 2020-21 postseason, when they made it all the way to the NBA Finals before losing to the Milwaukee Bucks. Phoenix answered that postseason run by going 64-18 last year and claiming the No. 1 seed in the Western Conference.
Big man Deandre Ayton will be starting the 2022-23 campaign with the Suns after they matched his four-year, $133 million max offer sheet from the Indiana Pacers on Thursday. Ayton, Devin Booker and Chris Paul make up the core that has been responsible for this recent stretch by the Suns.
Ayton had been linked to potential trade packages for Kevin Durant, who reportedly put the Suns as a preferred destination. Phoenix won't be able to move Ayton until at least Jan. 15 after matching this offer, however. But the potential trade, along with the amount of action pouring in on this team, was more than enough to put Phoenix atop the betting board.
“Obviously the Kevin Durant trade news at the time played a factor in us moving Suns to begin with, after playing musical chairs with a few teams at the top of the list (Warriors and Celtics specifically). We took a majority of action on the Suns already that got us to move them to the favorite.”
— WynnBET Sr. Trader Motoi Pearson
Recent NBA Champions
2022: Golden State Warriors
2021: Milwaukee Bucks
2020: Los Angeles Lakers
2019: Toronto Raptors
2018: Golden State Warriors
2017: Golden State Warriors
2016: Cleveland Cavaliers
2015: Golden State Warriors
2014: San Antonio Spurs
2013: Miami Heat
2012: Miami Heat
2011: Dallas Mavericks
2010: Los Angeles Lakers