Knicks-Pacers Game 2 Odds: Will New York Even Series After Record-Setting Comeback?

Ahead of the Eastern Conference finals, the New York Knicks and the Indiana Pacers delivered a barrage of comebacks. That continued in Game 1. Entering Wednesday night, teams were 0-970 straight up when facing a deficit of 14 or more points during the final 2:50 of regulation over the last 27 NBA postseasons. They’re now 1-970. Let’s inspect how Indiana’s overtime victory triggered an adjustment for Knicks-Pacers odds in Game 2 and the series.

Click any odds to place a bet at the best sports betting sites. For more offers, we advise checking out the best sportsbook promos.

Best Odds To Win Eastern Conference Finals

Pacers-Knicks Odds: Series Spread

Series Spread Odds
Pacers +1.5-500
Knicks +1.5-115
Pacers -1.5-105
Knicks -1.5+350

Series Total Games

O/U 5.5 Games Odds
Over 5.5-235
Under 5.5+180

Correct Series Score

Team/Series Score Odds
Pacers 4-0+700
Pacers 4-1+500
Pacers 4-2+300
Pacers 4-3+600
Knicks 4-1+950
Knicks 4-2+600
Knicks 4-3+350

Knicks vs. Pacers Game 2 Odds: Spread, Moneyline, Total

Indiana’s Game 1 Win Defies Betting Probability

Tyrese Haliburton and Co. trailed by as many as 17 points in Game 1, with in-game moneyline odds as high as +3000 in the final minutes. By converting that to implied probability, Indiana had a 3.23% chance of taking a 1-0 series lead. It was the Pacers’ fourth victory in these playoffs when facing a deficit of 15 or more points, the most such victories by any team in the postseason over the last 20 years.

Pacers wing Aaron Nesmith went nuclear, becoming the first player in playoff history to make six 3-pointers in the fourth quarter of a single game. His heroics set the stage for Haliburton, who choked the life out of Madison Square Garden with his game-tying buzzer-beater to force overtime, where Indiana’s dribble penetration took over.

This stunning comeback continued the trend of the 2025 NBA postseason. Teams that trail at halftime are 49-23-1 (68.1%) against the second-half spread.

Indiana is favored to advance to the NBA finals () after opening as a +130 series underdog. However, the betting market expects a lengthy battle between these teams. Before Game 1, the odds of this series reaching six or seven games were -190. They’re now -235, which is equivalent to an implied probability of 70.2%.

Is Zig-Zag Theory Worth Betting On?

If you’re unfamiliar with the zig-zag theory during the NBA (or NHL) playoffs, it’s exactly what it sounds like. Bettors will wager against what happened in the previous game of a series, with the notion that the losing team will win (and cover the spread) in the subsequent contest. This strategy has been extremely profitable in the 2025 NBA postseason, with teams in these spots going 35-18-1 ATS (66%).

However, oddsmakers have accounted for the likely influx of spread money on New York. After the Knicks closed as 4.5-point home favorites on Wednesday night, they opened as -5 favorites in Game 2. This line was immediately bet up to as high as -6. It’s currently .

If you prefer to bet on Jalen Brunson and his teammates to just win outright in Friday’s Game 2, their best moneyline odds are .

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Post
Eli Hershkovich is a content editor for Catena Media. He’s been gambling for over a decade. His goal is to provide you with data and market insight to help lead you to winning bets. Eli specializes in college basketball, NFL, MLB, and the sports gambling landscape. He's most well-known for his futures bets on the hardwood. Three seasons ago, he cashed his 50-1 UConn ticket. He still hasn’t forgiven Virginia (and the refs) for ruining his 100-1 Texas Tech futures in the 2019 NCAA Tournament.

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