2023 NBA championship odds: Updated title odds as NBA playoffs begin

2023 NBA championship odds: Updated title odds as NBA playoffs begin

As the NBA playoffs are underway, here is a look at the updated NBA championship odds. 

The Milwaukee Bucks remain the betting favorites to bring home the trophy, but a couple of teams are not far behind. The Bucks ended the regular season holding on to their lead in the Eastern Conference to stay as the No. 1 seed. The Boston Celtics, the preseason title favorites, had a rocky stretch in March, causing them to lose their grip on the top seed. They ended up finishing the season one game behind the Bucks as the No. 2 seed. 

In the Western Conference, the Phoenix Suns had gone under the radar all season but went all out at the deadline, trading for star Kevin Durant and seeing their odds shorten significantly.

Let’s dive into the updated championship futures for all teams, with odds via FOX Bet.

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2022-23 NBA title odds (via FOX Bet)*

Milwaukee Bucks +230 (bet $10 to win $33 total)
Boston Celtics +333 (bet $10 to win $43.33 total)
Phoenix Suns +450 (bet $10 to win $55 total)
Golden State Warriors +850 (bet $10 to win $95 total)
Philadelphia 76ers +900 (bet $10 to win $100 total)
Denver Nuggets +1000 (bet $10 to win $110 total)
Los Angeles Lakers +1400 (bet $10 to win $150 total)
Memphis Grizzlies +1700 (bet $10 to win $180 total)
Cleveland Cavaliers +4000 (bet $10 to win $410 total)
LA Clippers  +4500 (bet $10 to win $460 total)
Sacramento Kings +4500 (bet $10 to win $460 total)
New York Knicks +9000 (bet $10 to win $910 total)
Miami Heat +10000 (bet $10 to win $1,010 total)
Atlanta Hawks +15000 (bet $10 to win $1,510 total)
Minnesota Timberwolves +15000 (bet $10 to win $1,510 total)
Brooklyn Nets +30000 (bet $10 to win $3,010 total)

Odds to win first-round series


Hawks +650 (bet $10 to win $75 total)
Celtics -1250 (bet $10 to win $10.80 total)


Kings +230 (bet $10 to win $33 total)
Warriors -303 (bet $10 to win $13.30 total)


Lakers +110 (bet $10 to win $21 total)
Grizzlies -138 (bet $10 to win $17.25 total)


Clippers +330 (bet $10 to win $43 total)
Suns -500 (bet $10 to win $12 total)


Knicks +170 (bet $10 to win $27 total)
Cavaliers -227 (bet $10 to win $14.41 total)

*odds as of 4/15/2023

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The Bucks claiming the top seed in the East is significant. They will have home-court advantage throughout the postseason, which has proven to be crucial in the past. Do the Celtics or Sixers have what it takes to take down the 2021 NBA champions? At +900, the Sixers and MVP favorite Joel Embiid are certainly an intriguing title bet.

The Kings ended the longest postseason drought in NBA history (16 seasons). Does the No. 3 seed in the West have what it takes to make a run? Sacramento’s odds have shortened all the way to +4500 after starting the season at +50000. Although they are young and untested, they offer great value as they’ve played consistent ball all season, and Domantas Sabonis and De’Aaron Fox have proven to be a great tandem. 

With LeBron James back from injury, nobody wants to see this hot Laker team. Their odds have shortened to +1400 after being at +2200 heading into the play-in round.

So, who are you throwing some money on to win it all? The NBA postseason is here, so it’s time to get your bets in at FOX Bet!

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