How NBA Championship Odds Shifted After Early Free Agency

Based on the latest reports (as of early July 2025), here are the Vegas odds for the 2026 NBA Title and how some have moved in the past week. All odds are from DraftKings and subject to change.


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Top Contenders & Recent Movement:

Jun 16, 2025; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) shoots against Indiana Pacers forward Aaron Nesmith (23) during the fourth quarter of game five of the 2025 NBA Finals at Paycom Center. Mandatory Credit: Kyle Terada-Imagn Images
  • Oklahoma City Thunder: Still the favorites, holding odds of around +250, aiming to repeat as champions.
  • Denver Nuggets: Made a significant leap, moving from +1,600 to +800 after trades for Cam Johnson and Bruce Brown. This places them as the second favorite.
  • New York Knicks: Currently stand at +900 with some sources reporting them at +700.
  • Houston Rockets: Improved their odds significantly after acquiring Kevin Durant. They went from +1800 to +800 and are now listed at +900 or +950 on some sites.
  • Cleveland Cavaliers: Their odds are around +950 or +650 depending on the sportsbook. 

Other Notable Movements:

Jun 27, 2025; Dallas, TX, USA; (from left) Dallas Mavericks general manager Nico Harrison and Mavericks first overall pick Cooper Flagg and head coach Jason Kidd pose for a photo at the Dallas Mavericks Practice Facility. Mandatory Credit: Jerome Miron-Imagn Images
  • Atlanta Hawks: Their odds have climbed to +3100 after acquiring Kristaps Porzingis.
  • Dallas Mavericks: Seen support from bettors, moving from 30-1 to 25-1. They also jumped from +4500 to +3000 after drafting Cooper Flagg.
  • Boston Celtics: Experienced a drop in odds, going from +1800 to +3500 after trading Jrue Holiday and Kristaps Porziņģis. It is speculated they are “punting” on next season.
  • Indiana Pacers: Had a significant drop in odds, from +1800 to +8000, due to Tyrese Haliburton’s injury and losing Myles Turner. 

Here’s a link to a full list of NBA teams ranked by their Championship odds from DraftKings.

May 31, 2025; Indianapolis, Indiana, USA; New York Knicks guard Jalen Brunson (11) shoots the ball against Indiana Pacers forward Obi Toppin (1) in the second quarter during game six of the eastern conference finals for the 2025 NBA Playoffs at Gainbridge Fieldhouse. Mandatory Credit: Trevor Ruszkowski-Imagn Images

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