2025 NBA Finals Odds: Thunder Still Favorites After Pacers Take 2-1 Series Lead
The Indiana Pacers are two wins away from their first NBA championship in franchise history, but the Oklahoma City Thunder remain the favorites by the latest NBA Finals odds across our best sports betting sites.
The Thunder, who entered this series with the shortest odds (-750) of any finalist since 2018 and one of the biggest favorites in NBA Finals history, remain the front-runners even after losing Game 3. The Pacers will carry a 2-1 series lead into Friday's Game 4 rematch at Gainbridge Fieldhouse (8:30 p.m. ET).
We're breaking down the latest NBA Finals odds, the favorites to win NBA Finals MVP, and our best bet and NBA picks to win the title entering Game 4:
đ 2025 NBA Finals odds: Who will win Thunder vs. Pacers?
Live 2025 NBA Finals odds update in real time via our best sports betting apps.
The Thunder entered this series as historic favorites, and they were still favored by the NBA championship odds after dropping Game 1. So it shouldn't surprise anyone to see OKC priced as the team to beat even after losing in Game 3 to face a 2-1 series deficit.
It's the way Oklahoma City lost, though, that should provide confidence for Indiana bettors heading into Game 4. The Thunder's defense flashed moments of brilliance but still surrendered 116 points on 51.8% shooting, and Tyrese Haliburton nearly posted a triple-double while adding two steals and a block.
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Gilgeous-Alexander, who cashed his NBA MVP odds in the regular season, has been the prohibitive favorite to win this award throughout the series. But he finally has company atop the NBA Finals MVP odds.
Haliburton, who was dealing at +700 odds entering Game 3, posted his best game yet with 22 points, 11 assists, and 9 rebounds on 52.9% shooting from the floor and 4-for-8 from long range. He also drilled the game-winning shot in Game 1, which will likely be this series' signature moment if the Pacers win.
The only player with shorter than 100/1 odds across all our best sportsbooks is Pascal Siakam, who is trading around 10/1 at most shops following a bounce-back effort in Game 3. He scored 21 points in that win and currently leads Indiana in scoring (18.3 PPG) and rebounding (7.7 RPG) in this series.
đ¤ NBA Finals prediction & best bet to win series
Look, I picked Oklahoma City to win this series entering Game 1, as I'm sure most of you reading did, too. And I was inclined to stick with that pick before these teams headed back to Indiana.
But you can't tell me the team we saw on the court Wednesday night is the same one that oddsmakers priced as seemingly invincible favorites entering this series. The stars shone bright for OKC, but Indiana's role players stepped up to seize a critical 2-1 lead with two more home games guaranteed.
Only 13 of 63 teams (20.6%) have erased a 2-1 series deficit in the NBA Finals, and not all of those teams faced the uphill climb of already losing a home game. Meanwhile, the Thunder's odds imply a roughly 70% chance that they will wake up and win three of the next four games.
The math simply doesn't add up. That's why I bet on the Pacers during Game 3 at +390 odds, and I'd still be aggressively targeting them at +200 odds via BetMGM after that critical win - a better price than their shortest odds of +185 via Caesars, which is still worth a look if it's your best option.
â Best bet: Pacers to win the NBA Finals (+200 via BetMGM)
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đĩ Best NBA betting sites
Want to bet on the 2025 NBA Finals? Check out the best NBA betting sites and best sportsbook promos for Thunder vs. Pacers:
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