NBA Championship Odds & Favorites 2025-26: Thunder Still Favored After Hot Start

The Oklahoma City Thunder continue to lead the 2025-26 NBA championship odds at +235 after winning their first eight games of the season. Those odds imply the Thunder have a 29.85% probability to win their second straight Larry O'Brien Trophy.

The defending champions are favored ahead of the Denver Nuggets (+650), Cleveland Cavaliers (+800), and New York Knicks (+1200).

📊 Live NBA championship odds 2025-26

Our 2026 NBA championship odds update in real time based on the latest NBA odds.

🔢 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 +235 odds. That implies a 29.85% 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.