NBA Championship Odds & Favorites 2026: Thunder Heavy Favorites Following Trade Deadline
Following a trade deadline that was more about quantity than quality, the Oklahoma City Thunder remain the clear favorites by the NBA championship odds to hoist the Larry O'Brien Trophy for the second straight season.
The Thunder have +140 odds to repeat as winners of the NBA Finals, with the Denver Nuggets being the only other team with shorter than +1000 odds. The Cleveland Cavaliers jumped up the board to +1400 after trading for 11-time All-Star James Harden.
📊 Live NBA championship odds 2026
Our 2026 NBA championship odds update in real time based on the latest NBA odds.
📈 NBA championship betting insights
NBA championship betting insights via BetMGM.
| Highest ticket percentage | Highest handle percentage |
|---|---|
| Denver Nuggets (14%) | Oklahoma City Thunder (21.4%) |
| Oklahoma City Thunder (13%) | Denver Nuggets (14.1%) |
| San Antonio Spurs (8.2%) | San Antonio Spurs (8.8%) |
| New York Knicks (8%) | Los Angeles Lakers (7.7%) |
| Los Angeles Lakers (6.8%) | New York Knicks (7.1%) |
🔢 NBA championship opening odds
Odds via DraftKings.
- Thunder: +230
- Rockets: +750
- Cavaliers: +850
- Knicks: +850
- Timberwolves: +1300
- Lakers: +1400
- Nuggets: +1500
- Celtics: +1900
- Warriors: +2000
- Magic: +2200
- Spurs: +2500
- 76ers: +3500
- Pacers: +3500
- Clippers: +4000
- Mavericks: +4000
- Bucks: +6000
- Pistons: +6000
- Heat: +17000
- Raptors: +18000
- Grizzlies: +20000
- Hawks: +20000
- Pelicans: +25000
- Kings: +30000
- Nets: +40000
- Suns: +50000
- Bulls: +70000
- Trail Blazers: +70000
- Wizards: +100000
- Hornets: +100000
- Jazz: +100000
❓ NBA Championship FAQs
Who is favored to win the 2026 NBA championship?
The Oklahoma City Thunder are the favorite to win the 2026 NBA championship at +140 odds. That implies a 41.67% probability they'll repeat.
Who won the NBA Finals last season?
The Oklahoma City Thunder won the NBA Finals last season by knocking off the Indiana Pacers in seven games.
When will the 2026 NBA Finals be decided?
The 2026 NBA Finals will start sometime in June of 2026.
When's the last time an NBA team won back-to-back titles?
The last time an NBA team went back-to-back was when the Golden State Warriors won the championship in 2017 and 2018.
Who won the NBA Finals MVP last season?
Shai Gilgeous-Alexander won the award last season for the Oklahoma City Thunder.
See our breakdown of the 2025-26 NBA schedule and key dates.
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