Trade $25, Get Up To $500

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

CODE: SBR
Earn up to $500

🏀 NBA Championship Odds & Favorites 2027: Thunder, Spurs Among Favorites to Win

The Thunder (+250) and Spurs (+270) are favored to win outright in the 2027 NBA championship odds.
Miami Heat forward Giannis Antetokounmpo looks on during warmups.
Pictured: Miami Heat forward Giannis Antetokounmpo looks on during warmups. Photo by: Jeff Hanisch-Imagn Images
Enjoying SBR content? Add us as a preferred source on your Google account Add as a preferred source on Google

The Oklahoma City Thunder (+280) and the San Antonio Spurs (+260) are favored to win outright next season in the 2027 NBA championship odds.

The defending champion New York Knicks are tied with the Boston Celtics for the third-shortest odds at +750. Meanwhile, the Miami Heat have shot up to +1800 after acquiring Giannis Antetokounmpo from the Milwaukee Bucks in a blockbuster deal.

After them, the market has much less confidence in the Denver Nuggets (+2500), Minnesota Timberwolves (+3000), and Los Angeles Lakers (+3000).


📊 NBA championship odds 2027

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


🔢 NBA championship opening odds

Odds via DraftKings as of June 14, 2026.

  • Spurs: +250
  • Thunder: +260
  • Celtics: +550
  • Knicks: +650
  • Pacers: +2800
  • Nuggets: +2800
  • Timberwolves: +3000
  • Lakers: +3000
  • Pistons: +3000
  • Cavaliers: +3000
  • Heat: +4000
  • Warriors: +4500
  • 76ers: +5500
  • Rockets: +6000
  • Clippers: +7500
  • Magic: +8000
  • Trail Blazers: +9000
  • Hornets: +9000
  • Raptors: +10000
  • Hawks: +10000
  • Wizards: 12000
  • Suns: +12000
  • Mavericks: +12000
  • Jazz: +20000
  • Pelicans: +25000
  • Bucks: +25000
  • Nets: +25000
  • Grizzlies: +50000
  • Bulls: +70000
  • Kings: +100000

❓ NBA Championship FAQs

Who is favored to win the 2027 NBA championship?

The Oklahoma City Thunder and San Antonio Spurs are the favorites to win the 2027 NBA championship, with odds of +250 and +270, respectively.

Who won the NBA Finals in 2026?

The New York Knicks won the NBA Finals in 2026 by eliminating the San Antonio Spurs in five games.

When will the 2027 NBA Finals be decided?

The 2027 NBA Finals will likely be decided by mid-to-late June next year.

Who won NBA Finals MVP in 2026?

New York Knicks guard Jalen Brunson won NBA Finals MVP in 2026.


📃 Affiliate disclosure

Sportsbook Review may receive a commission if you sign up through our links. Not intended for use in MA. Bonuses not applicable in Ontario. 21+ only. (Gambling problem? Call 1-800-GAMBLER)