NBA Championship Odds & Favorites 2026: Thunder Heavily Favored to Repeat

The Oklahoma City Thunder are the heavy favorite to lift the Larry O'Brien Trophy in 2026, per the latest NBA championship odds.

Their +105 odds imply a 48.78% probability they'll repeat as champions. Rounding out the top five behind Oklahoma City are the Denver Nuggets (+1000), New York Knicks (+1200), San Antonio Spurs (+1200), and Houston Rockets (+1400).

📊 Live NBA championship odds 2026

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 +105 odds. That implies a 48.78% 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.