Golden State Warriors guard Stephen Curry (30) celebrates after beating the Boston Celtics in game six of the 2022 NBA Finals to win the NBA Championship at TD Garden. Mandatory Credit: Kyle Terada-USA TODAY Sports.
Golden State Warriors guard Stephen Curry (30) celebrates after beating the Boston Celtics in game six of the 2022 NBA Finals to win the NBA Championship at TD Garden. Mandatory Credit: Kyle Terada-USA TODAY Sports.

2023 NBA Championship Odds: Golden State Warriors Open as Betting Favorite

The 2021-22 NBA season just ended, but that doesn’t mean we can’t start looking ahead to next year.

Days after the Golden State Warriors secured their fourth title in the last eight years, WynnBET released its championship odds for the upcoming season. The Warriors obviously lead the way, but the rest of the board is rather interesting.

Let’s take a look at these opening prices at WynnBET’s online sportsbook and see what stands out.

2022-23 NBA Championship Odds

Opening prices as of Monday, June 20.

  • Golden State Warriors +550

  • Boston Celtics +750

  • Brooklyn Nets +750

  • Milwaukee Bucks +750

  • Los Angeles Clippers +800

  • Phoenix Suns +1000

  • Miami Heat +1200

  • Dallas Mavericks +1500

  • Memphis Grizzlies +1500

  • Philadelphia 76ers +1500

  • Denver Nuggets +1800

  • Los Angeles Lakers +1800

  • Minnesota Timberwolves +4000

  • New Orleans Pelicans +4000

  • Chicago Bulls +5000

  • Toronto Raptors +5000

  • Utah Jazz +6000

  • Atlanta Hawks +7500

  • Charlotte Hornets +7500

  • New York Knicks +7500

  • Cleveland Cavaliers +10000

  • Portland Trail Blazers +10000

  • Detroit Pistons +20000

  • San Antonio Spurs +25000

  • Houston Rockets +50000

  • Indiana Pacers +50000

  • Oklahoma City Thunder +50000

  • Orlando Magic +50000

  • Sacramento Kings +50000

  • Washington Wizards +50000

Remember to view our sportsbook promotions for more details on new offers and bonuses.

Defending Champs Lead The Way

The defending champs will have time to celebrate this title, but expectations are now even higher for this talented squad. 

Golden State has won four titles in the last eight years, making a total of six trips to the NBA Finals over that span. The Warriors’ latest title run snapped a two-year skid of not reaching the championship round, but also coincided with injuries to key players such as Klay Thompson.

And that's what made everything so special for the Warriors this summer. They were finally healthy. Stephen Curry finally won his Finals MVP trophy to add to his legacy. But now the Warriors have a target on their back once again.

The Warriors went 53-29 in the regular season before winning each of their four postseason series by six or fewer games, capped by a 4-2 victory over the Boston Celtics in the NBA Finals.

"It was not a tough decision to give the Warriors the top spot for the champ next year, but we think plenty can happen for them to be challenged going into next year. Plenty of these teams we have above them Nets/Bucks/Celtics/Clippers/Suns — within 10/1 or less — can give the Warriors issues if healthy and playing their best basketball."

— WynnBET Sr. Trader Motoi Pearson

Per SportsOddsHistory, Golden State had a preseason price of +1200 to win it all this time last summer. 

Watch Out For The Clippers

A team that didn’t technically make the postseason has the fifth-best odds to win next year’s title, and there is a good reason for that.

Kawhi Leonard is slated to return this year after not playing all of last season due his ACL rehab. It has been a full year since we’ve seen Leonard on the court, but he was one of the best players in the league when we last saw him. 

The Clippers were a spunky team without him, making the Play-In Tournament before falling just shy of being one of the eight teams in the Western Conference Playoffs. They acquired forwards Norman Powell and Robert Convington at the deadline last year to a squad led by Paul George, so suddenly this team has all the pieces in place after Leonard returns.

"We were somewhat surprised to see the Clippers so low in the markets we analyzed before we threw up 8/1, but we understood if the Clippers can bring back a healthy Kawhi, it's hard to deny what that team can do going forward. (That) seems like it was more if's than anything stable we can find on how much we liked Clips, which led us to throwing up the best price in the market on them."

— WynnBET Sr. Trader Motoi Pearson

According to SportsOddsHistory, the Clippers never had a better value than 16/1 to win the NBA title last year. They were priced at +650 in the preseason leading up to the 2020-21 campaign, however.

Market Report

While these NBA Championship odds have only been up for a few days, WynnBET has already seen some action on this futures market.

It looks like bettors are eying a Western Conference team to win the championship yet again, because Golden State, Denver, Memphis and Phoenix have received the most bets thus far. The Warriors are WynnBET’s biggest liability in the early going, with most of the handle coming in on the defending champs.

"We've already seen some bets on Warriors right out the gate, which is no surprise. I'd say a few teams that could see some action early are Mavericks and Grizzlies out of the West. Seeing these teams flourish late in the season can leave a lasting memory on bettors, especially if those teams have Luka Doncic and Ja Morant."

— WynnBET Sr. Trader Motoi Pearson

But don’t be surprised if bets start coming in on teams further down the board. The 2022 NBA Draft is in a few days, while many teams will look to revamp their rosters through free agency and trading after that.

"Out of the East, I'd expect to see Heat and Bucks bets early. I think the Heat have cemented themselves in bettors' minds that they can be successful and are on the doorstep of winning a championship, especially if they can get 10/1 or better. The Bucks were probably an injury away (Middleton) from making it back to the Finals, so look for the public to get back on the Bucks' train in year 2022-2023."

— WynnBET Sr. Trader Motoi Pearson