NBA Championship Odds 2022-23: Philadelphia Looks To Claim Throne As New Favorite

NBA Championship Odds are available for the 2022-23 season, with the Boston Celtics sitting at to win the title. Milwaukee is also a favorite along with the C’s in the Eastern Conference at , highlighting the two best teams in the top-heavy East.

In the West, Golden State might be fresh off another title but are merely to win the NBA Championship for the second-straight season after a rough start. Check out my favorite teams to win the title (based on my perceived value of them relative to their current odds), with updated NBA Championship odds constantly available in the table below!

NBA Championship Odds 2022-23

NBA Championship odds for the upcoming season are available below and are continually updated after each game. These odds will constantly fluctuate due to recent play, injuries, and roster changes. Keep an eye on this throughout the season, as the Boston Celtics had incredible value halfway through the year and made it all the way to the NBA Finals.

NBA Championship Odds: Current Favorites

Milwaukee Bucks

Hoops fans will likely wonder “what if” for a long time regarding the Milwaukee Bucks in the 2021-22 NBA season. All-Star forward Khris Middleton injured his knee during the playoffs and was unavailable for the entirety of the Celtics series.

Still, Milwaukee took the runner-ups to seven games behind unreal production from Giannis Antetokounmpo. The Bucks shot poorly from deep for most of the seven games, which is usually a strength.

Khris Middleton missed the beginning of the 2022-23 campaign due to a left wrist injury and then briefly returned before being sidelined once again. The Bucks will need him by the playoffs if they want to have a legitimate shot at winning their second championship in the past few years.

Meanwhile, Giannis Antetokounmpo and Brook Lopez have helped anchor the Bucks’ defense. Once Middleton returns to form, this team will continue to climb in a “gettable” Eastern Conference. Take a look at Giannis’ career-high post-game reaction below, with special thanks to NBA on ESPN.

Boston Celtics 

The continued ascension of Jayson Tatum as a superstar in this league has catapulted the Boston Celtics from being a great team to being a title favorite. Speaking of favorites, Tatum has started the 2022-23 season off incredibly strong and is the favorite to win MVP in most sportsbooks.

The C’s boast an elite offense, with an offensive rating of over 117 through the first half of the season, largely due to Tatum’s scoring and playmaking abilities. Boston’s most glaring issue last year during the playoffs was its long, dry streaks on the offensive end of the floor, but those problems have been fixed and then some. 

The addition of Malcolm Brogdon has also made a huge difference for this Boston team that desperately needs more playmaking guards. Brogdon has served the role of a sixth man off the bench perfectly and has stayed healthy for the most part this season.

Memphis Grizzlies

If you look at the Grizzlies and Warriors series in its totality, you could conclude that Memphis was not far off from moving on to the Western Conference Finals over the Warriors. A missed layup as time expired in Game One, a blown road game in Golden State after leading the majority of the game, and an injury to Ja Morant inevitably led to a series loss; however, Memphis was still quite competitive.

Memphis has ascended to the top few spots in a tough Western Conference, despite not having its core starting lineup for most of this season. When Jaren Jackson Jr returned to the lineup a few weeks ago, Desmond Bane, unfortunately, suffered a toe injury that had kept him out for several weeks.

Luckily, Bane and Ziaire Williams are back, forming a complete Memphis squad that will be tough to beat. Further, Jaren Jackson Jr has lifted this team into the top tier of defensive teams in the NBA with his shot-blocking and rim-protecting prowess. If he stays healthy, I will throw down money on the Grizzlies to win it all. Not to mention, they had put together one of the longest winning streaks in the NBA this season.

Denver Nuggets

Denver has been one of the hottest teams in basketball in December and January. The Nuggets had won seven straight and 14 of its past 16 games by mid-January behind insane play from MVP candidate Nikola Jokic. They have one of the league’s best offenses, ranking first in eFG% (effective field goal percentage), 3P% (three-point percentage), and offensive rating.

The Nuggets are first in the Western Conference, with the Memphis Grizzlies being the only team that is within striking distance; they have an incredible starting lineup and two excellent sixth-man-caliber players. Denver’s starting lineup of Jamal Murray, Kentavious Caldwell-Pope, Michael Porter Jr, Aaron Gordon, and Nikola Jokic is not only long, tall, and strong, it also boasts several elite three-point shooters. Bruce Brown and Bones Hyland make up one of the best guard duos off the bench in the league, too.

The big question with Denver is depth outside of those players listed. Can the Nuggets improve the play of their bench by the time the playoffs roll around? Don’t be surprised if Denver brings in one more veteran player to bring off the bench before the trade deadline. A move like that will make the Nuggets nearly unbeatable.

Brooklyn Nets 

Admittedly, I have not been the biggest believer in this Brooklyn Nets team for some time now; they struggled to find help outside of Kevin Durant and Kyrie Irving, couldn’t outrebound anyone, and lacked the necessary depth to compete for an NBA Championship.

However, I may have been wrong. Brooklyn had won 18 of its last 20 games before Kevin Durant went down with a sprained MCL, which will sideline him for a few more weeks. Durant had averaged close to 30 points, seven rebounds, and five assists during that stretch, but what was most impressive was his efficiency; he was shooting 58% from the field and 41% from deep.

Naturally, Durant’s play had helped the Nets achieve a net rating of +8.0 in the month of December; their offense looked elite, as they were posting 120 points per game on 54% shooting from the field and 42% from behind the arc as a team.

My major concern at this point is the knee injury to Kevin Durant. Sure, he’s only projected to miss one month or six weeks at the most, but it may take him some time to retake his MVP form, and there are no guarantees the Nets will still be playing at this level.

Still, as long as Kyrie Irving and Kevin Durant are involved, they have proven winning a championship is a possibility. The Nets’ NBA Championship odds could become more favorable if they continue to drop games during Durant’s absence.

New Orleans Pelicans 

The New Orleans Pelicans were as high as first place in the Western Conference in the first third of the 2022-23 season but have since succumbed to a series of injuries that have resulted in an assortment of struggles. New Orleans has been without Zion Williamson and Brandon Ingram for a large portion of the season, forcing CJ McCollum to carry its offense virtually every night. 

Despite these injuries, there is a silver lining for New Orleans. When everyone is healthy, the Pels are one of the best teams in the NBA. We have seen glimpses of that, even though the sample size is small. Further, the Pelicans will have plenty of guys on the bench that have played valuable minutes heading into the playoffs.

Luckily, both Williamson and Ingram should return at some point this season, giving the Pels plenty of firepower to take into the playoffs. Think about last season: New Orleans was less experienced, had less depth, and was without Zion Williamson; it still put a serious scare into the Phoenix Suns. 

The Pelicans played their best basketball after the All-Star break last season, so expect head coach Willie Green to ensure everyone is on the same page on both ends of the floor heading into the playoffs. There is a ton of value here with New Orleans’ NBA Championship odds, as you can get them at a discount with all the injuries.

Philadelphia 76ers 

Philadelphia is one of the hottest teams in basketball, having won seven straight games and 20 of its past 24. No team has a better record than the Sixers during that stretch of games. The Sixers are finally healthy, and it is showing; they also have made a few recent changes, including bringing Tyrese Maxey off the bench.

This could prove to be a very valuable move, considering James Harden has been playing extremely efficiently but requires a ton of usage when he is on the floor. Maxey’s role will now transition to more of a Sixth Man and microwave scorer off the bench. Philadelphia has been battling its bench production for years, especially in its frontcourt, when it would give up leads the second Joel Embiid had to take a break. Those days seem to be over.

Speaking of Embiid, he has leapfrogged a handful of MVP candidates and is likely the first or second favorite to win the award after a monstrous performance at home against Nikola Jokic and the Denver Nuggets, when he posted 47 points, 18 rebounds, five assists, three steals, and two blocks. It was a truly outrageous outing.

Embiid is averaging close to 34 points, ten rebounds, four assists, and two blocks this season, and he looks the best he ever has in his career. Now, the Sixers are knocking on the Boston Celtics’ door for the title of the best record in the Eastern Conference and could have a legitimate title shot if they keep playing elite defense and with great cohesiveness and selflessness.

NBA Championship Odds: Teams To Avoid

Dallas Mavericks  

I wasn’t a believer in the preseason last year, and despite Dallas making it all the way to Game Six of the Western Conference Finals in 2021-22, I’m still not a believer, especially with where its NBA Championship odds sit. Dallas relies too heavily on MVP-favorite Luka Doncic to be a sustainable and reliable team when the playoffs come around.

Sure, the Mavericks had a fabulous and deep playoff run last year, but so did the Atlanta Hawks during the 2020-21 season. Do you expect anything from the Hawks from this point forward? Exactly.

What made Dallas unique and a tough matchup was its combination of defense and three-point shooting, none of which it has done at a high level so far in the 2022-23 season. Sure, that is subject to change and very well could, but there are just a handful of teams that I don’t see the Mavs being able to beat, no matter the circumstances.

Miami Heat  

As predicted, the Miami Heat have negatively regressed this season, despite bringing back almost their entire roster from last year. The Heat have not played with that same spark that got them all the way to Game Seven of the Eastern Conference Finals a season ago and have also not solved the offensive struggles that plagued them.

Miami relied heavily on its elite, top-tiered defense last year but ranks in the bottom half of several key defensive statistical categories. The bottom line: other teams in the NBA have improved substantially from last season to this season, while Miami decided to stay stagnant.

Boston added Malcolm Brogdon, Cleveland brought in Donovan Mitchell, New Orleans returned Zion Williamson from injury, and Milwaukee has stepped up on the defensive end. Unfortunately, the Heat are on the decline.

Golden State Warriors 

Golden State is another team that appears to be a great buy-low opportunity right now: it has stabilized as a potential play-in team in the Western Conference through roughly half of the 2022-23 regular season. Could the Warriors turn it all around, make the playoffs, upset multiple top-tier teams, and win their second-straight NBA Championship?

In theory, yes, they could. However, they will be fighting an uphill battle that will be incredibly tough. It would take an effort similar to the Boston Celtics in the second half of last season to give themselves a legitimate shot.

Additionally, the Warriors rank outside the top 15 in offensive and defensive rating, and on the road, those numbers plummet. The tanking San Antonio Spurs, Detroit Pistons, and Houston Rockets are the only teams with worse net ratings on the road.

Further, the Dubs have the fewest road wins in the NBA and by far the worst road record. Even if they made the playoffs, they stand little chance with such an inability to get wins away from Chase Center.

Ultimately, the odds are nowhere near long enough for you to bet on the Warriors right now. Golden State is still hovering between +800 and +1000 on most sportsbooks to win the NBA Championship. This is a strong indication that the Dubs are not going to have very favorable odds for a good portion of the season.

If they enter the playoffs as a play-in team, they still might have the fifth or sixth-best odds to win. Avoid Golden State this season, as the value is just not there.

Phoenix Suns 

Phoenix may have rattled off a few wins after returning Cam Johnson and Chris Paul from their respective injuries, but that does not change the fact that it dropped from first place in the Western Conference to be a borderline play-in team. The Suns have been without Devin Booker for a large portion of this season and boast an abysmal record when he’s sidelined.

Even with Booker, things haven’t been incredibly bright since the first few weeks of the season. The Suns’ starting core ranks in the bottom five of defensive rating, putting a ton of pressure on an already thin bench to lock down when they enter the game. Now, with guys like Dario Saric, Bismack Biyombo, Saben Lee, and Ish Wainright forced to play significant minutes, their season’s outlook has gone from bad to worse.

The Western Conference is too challenging this season to make the playoffs as a low seed and climb the playoff ladder from there. Despite all of this, Phoenix still has the eighth-best NBA Championship odds on some sportsbooks to win the title.

The Suns need Cam Payne and Devin Booker back desperately if they want a shot at climbing back into the playoff picture. Additionally, they need to find some trade value for Jae Crowder before the deadline.

NBA Championship Odds: Explained

NBA Championship Odds are very straightforward: they define the quantitative odds placed on a team to win the NBA Championship. It is one of the more straightforward futures bets to understand.

Therefore, it can be a favorite for beginners and experienced bettors. Below, we will discuss more specific examples of NBA Championship odds bets for the 2022-23 season and which teams are currently favored to win it all!

NBA Championship Odds: Changes

NBA Championship odds can be ever-changing until the actual event, series, or game occurs. What that means in the context of title odds is that these odds can change constantly based on injuries or a player or team’s performance.

There are constant changes in the NBA, whether an injury to a key or role player, locker room turmoil, coaching changes, and team chemistry. These changes are quantified and expressed in the change in a team’s title odds.

For instance, if a team is on the verge of being eliminated from the NBA Playoffs, their odds will drastically decrease. Sometimes betting early on a team to win the title can be beneficial (i.e., betting on the Golden State Warriors before the season to win the title in 2022) or can be detrimental (i.e., betting on the Lakers or Nets before the season to win the title.)

That is the risk of the betting type and is also why you can get more favorable odds on teams that you would think would be heavily favored.

NBA Championship Odds: Futures Bettors

NBA Championship Odds bettors are very speculative. These bettors spend a lot of time and money wagering on NBA futures bets and usually have a strong opinion on a specific team. This could be because of an off-season acquisition, free-agent signing, coaching change, or even a gut feeling. Having a bet that lasts so long before you win or lose can be fun, and some bettors enjoy that aspect of it.

Every team has NBA Championship odds, but that does not mean that they are all worth betting on. Some teams are in the midst of a complete rebuild, such as the Oklahoma City Thunder, Detroit Pistons, San Antonio Spurs, Houston Rockets, and Orlando Magic. Despite having very enticing odds at +50000, there is no real reason to bet on these teams, as the odds they even make the playoffs are extraordinarily low.

I love the Memphis Grizzlies, Los Angeles Clippers, and Milwaukee Bucks in terms of NBA Championship odds value right now, while Boston is my obvious favorite after an impressive gauntlet run to the NBA Finals in 2021-22. For more NBA content, check out our Lineups YouTube page for matchup previews and analysis on the direction of specific teams!

NBA Championship Odds FAQ

Which team won the NBA Championship last season?

The Golden State Warriors won the 2021-22 NBA Championship behind incredible play from Steph Curry. Curry and company defeated the Boston Celtics in the NBA Finals last year after running through the Western Conference with relative ease.

Which NBA team has the most championships?

The Los Angeles Lakers and Boston Celtics are tied for the most NBA Championships with 17 apiece. If Boston had won the NBA Finals last year, it would have been in the lead with 18. However, they didn’t, and the Golden State Warriors increased their own championship total to 7. 

What do NBA Championship Odds stand for?

NBA Championship odds for each team are listed out by sportsbooks based on each team’s probability of winning the NBA Finals. These odds fluctuate throughout the season based on every team’s performance, any applicable injuries, and trades or signings that could improve or hurt their chances.

Which team has the best NBA Championship Odds in 2022-23?

Currently, as of December 2022, the Boston Celtics have the best NBA Championship odds, but things can change quickly. Injuries, coaching changes, and trades can alter a team’s outlook heading into the postseason. Keep checking this page constantly for updates.

Where can I bet on NBA Championship odds?

Vegas has always been a popular place to bet on NBA Championship odds; however, it is not always feasible to take a trip to Vegas. The most popular option for betting on NBA Championship odds is via online sportsbooks. See if your state has legalized sports betting on our site.

Drew is one of the NBA Lead Writers at, specializing in betting content such as game predictions and player props. With a deep knowledge of players and prospects, Drew has an extensive edge in covering everything NBA.

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