Updated 2022 NBA Championship Odds: Title Chances for All 30 Teams

Updated 2022 NBA Championship Odds: Title Chances for All 30 Teams article feature image
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Getty Images. Pictured (L-R): LeBron James, Joel Embiid and Kevin Durant.

  • Who is favored to win the 2022 NBA championship? BetMGM and most other sportsbooks list the Nets and Lakers a cut above everyone else, with the Bucks and Warriors next.
  • Get updated NBA title odds ahead of the first full slate of the season on Wednesday.

2022 NBA Title Odds

Odds via BetMGM, updated Oct. 20. Click the links to jump to each team, or learn more about American odds.

Team Championship Odds Probability
Brooklyn Nets +240 24.10%
Los Angeles Lakers +400 16.39%
Milwaukee Bucks +900 8.19%
Golden State Warriors +900 8.19%
Phoenix Suns +1500 5.12%
Utah Jazz +1600 4.82%
Philadelphia 76ers +1600 4.82%
Los Angeles Clippers +1600 4.82%
Denver Nuggets +2200 3.56%
Miami Heat +2500 3.15%
Dallas Mavericks +3000 2.64%
Atlanta Hawks +3500 2.28%
Boston Celtics +4000 2.0%
Portland Trail Blazers +5000 1.61%
Chicago Bulls +6600 1.22%
New York Knicks +8000 1.01%
New Orleans Pelicans +10000 0.81%
Memphis Grizzlies +10000 0.81%
Indiana Pacers +10000 0.81%
Charlotte Hornets +10000 0.81%
Washington Wizards +15000 0.54%
Toronto Raptors +15000 0.54%
Sacramento Kings +25000 0.33%
Minnesota Timberwolves +25000 0.33%
San Antonio Spurs +30000 0.27%
Houston Rockets +50000 0.16%
Detroit Pistons +50000 0.16%
Orlando Magic +50000 0.16%
OKC Thunder +50000 0.16%
Cleveland Cavaliers +50000 0.16%

There are only a handful of teams that have a chance to win an NBA title in a given year. And the NBA championship odds board will reflect that.

BetMGM (and most other shops like DraftKings Sportsbook) give just five teams a greater than 5% chance to win the Larry O’Brien Trophy. This year it’s the Nets, Bucks, Lakers, Warriors and Jazz. This chart represents the disparity between the NBA’s best teams and its mid-tier.

The Nets are +240 ($10 wins $24) to bring home the title, with the Lakers at +400 ($10 wins $40).

The Raptors were the first longshot NBA champion in the last two decades. They opened 66-1 and closed closer to 20-1, per SportsOddsHistory.

So we know that the champion will most likely come from the top of the board, but who will it be? We’ll be tracking odds all season below.

Check our NBA homepage for our favorite futures, daily betting content and more.

Who Will Win the NBA Title?

1. Brooklyn Nets (+240)

At their best, the Nets are probably the best team in the league thanks to a trio of superstars in Kevin Durant, James Harden and Kyrie Irving. They could have won the NBA championship last year but lost to the eventual winner Milwaukee in seven games, and the seventh came down to the final shot.

The Eastern Conference isn’t as deep as the West, so the Nets could have an easier time getting through the earlier stages of the postseason than the Lakers or Warriors, for instance.

2. L.A. Lakers (+400)

The Lakers had a down year by their standards thanks to injuries to Anthony Davis and LeBron James but the betting market is expecting a big bounceback in 2021-2022.

They added Russell Westbrook, who may not be a playoff difference-maker but will raise their floor in the regular season when AD and LeBron are out.

3. Milwaukee Bucks (+900)

The defending NBA champions didn’t open as the favorite. You can get them at a better price than you could have over the last two seasons.

4. Golden State Warriors (+900)

The Warriors might be the highest variance team at the top of the board. Klay Thompson is out until at least December as he recovers from a torn Achilles. James Wiseman will miss time as well.

If you really believe in the Warriors, you can take a prop bet like 40-1 for Golden State to lead the NBA in regular-season wins.

5. Phoenix Suns (+1500)

The Suns will look to avenge last year’s loss in the NBA Final to the Bucks, but it won’t be easy in a loaded Western Conference. Like the Jazz, the Suns have a higher win total than the Warriors but worse title odds.

6. Utah Jazz (+1600)

The Jazz finished with the best regular-season record in the NBA last year but fell to the Clippers in six games. This is another team with a pretty high floor and should slot into the NBA playoff bracket easily, but might not have the finals-winning upside.

7. Philadelphia 76ers (+1600)

If the Sixers do breakthrough for their first title since 1983, they’ll likely do it without Ben Simmons. Their NBA futures odds haven’t changed much amidst the Simmons drama.

8. Los Angeles Clippers (+1600)

Paul George will have to carry this team again with Kawhi Leonard set to miss half the season, at least. The market might be baking in Kawhi’s return, but you can probably find a better number than 16-1 at some point this winter if the Clips start slow.

9. Denver Nuggets (+2200)

The Nuggets will miss star guard Jamal Murray in the early part of the season but have a great core that will keep their floor high.

10. Miami Heat (+2500)

The 2020 NBA runner-up saw some regression in 2021, then got swept by the Bucks in the first round. They added Kyle Lowry in the offseason in hopes of making another title push with this group.

11. Dallas Mavericks (+3000)

The Mavericks will be a popular play at 27-1 because of Luka Doncic. He’s the MVP favorite. And while the rest of the roster might not be title-worthy, basketball championships tend to go to teams with the best top-end talent.

12. Atlanta Hawks (+3500)

The Hawks broke through with an Eastern Conference Finals appearance last season, but the betting market sees that result as a bit fluky. They’re the fifth or sixth-best team in the East, based on these NBA championship odds.

13. Boston Celtics (+4000)

The Celtics may draw some betting interest because of the price and the perceived upside. Though the team looks much different now, Boston has made the Eastern Conference Finals in three of the last five years.

14. Portland Trail Blazers (+5000)

Damian Lillard will always keep Portland’s floor high, but the Blazers just don’t have the horses on defense to even slow down the league’s best offenses.

15. Chicago Bulls (+6600)

The Bulls are on a trajectory that a lot of NBA championship futures bettors love:

  • Stockpile talent and assets
  • Young player takes a major step forward
  • Put veteran pieces around him the next offseason
  • ….Profit?

The Bulls are still a massive longshot to win an NBA championship this year, but an NBA playoff appearance is very much in the cards.

16. New York Knicks (+8000)

The regression monster is coming for Julius Randle. It began in the playoffs last season. The Knicks should be a league-average team and fight for a playoff spot, though. This might be a better team to bet on a game basis.

17. New Orleans Pelicans (+10000)

The Pelicans might be in the 50-1 range if they played in the Eastern Conference. But a playoff appearance will be an uphill battle as it is because the West is so deep. FanDuel Sportsbook’s NBA odds have New Orleans at -194 to miss the postseason, a greater than 60% chance.

18. Memphis Grizzlies (+10000)

Like the Pelicans, the Grizzlies will need to take a big step forward to guarantee an NBA playoff spot. And then go win four series against the league’s best teams. As fun as Ja Morant is, this team is still a little bit away from being a title contender.

19. Indiana Pacers (+10000)

The Pacers started strong last season but sputtered down the stretch and don’t factor into the title hunt much.

20. Charlotte Hornets (+10000)

The Hornets have gotten some buzz as a team that can take another step forward after making the playoffs for the first time since 2015-16 last year. But they’re still a ways away from an NBA championship.

21. Washington Wizards (+15000)

Westbrook helped will Washington to the postseason last year, but he’s gone, and Bradley Beal is the only star in town.

22. Toronto Raptors (+15000)

The Raptors shipped Lowry to Miami and much of their core from the 2019 title team is gone. The rebuild is on here, too.

23. Sacramento Kings (+25000)

The Kings might be better than teams listed above them on this list, but remember, we’re trying to win an NBA title here, not finish above a win total or make the postseason. Sacramento plays in a division with the Lakers, Clippers, Warriors and Suns.

24. Minnesota Timberwolves (+25000)

The T’Wolves are under new ownership. That’s good news.

25. San Antonio Spurs (+30000)

The Spurs’ first rebuild in decades appears to be underway, with DeMar DeRozan off to Chicago. The Spurs have loads of cap space and will likely wait until one of the next two summers to make a free agent splash, or stockpile assets and build from within.

26. Houston Rockets (+50000)

The Rockets entered last season 25-1 to win the title, then dropped, and dropped, and dropped. Now they’re in full rebuild mode at 250-1 to win the title.

27. Detroit Pistons (+50000)

The Pistons have the No. 1 pick, Cade Cunningham, to look forward to, but not much hope for a postseason berth or title this year.

28. Orlando Magic (+50000)

The Magic shipped everyone out at the trade deadline and will attempt to build around a young core that includes Jalen Suggs, Markelle Fultz, Cole Anthony and Wendell Carter Jr.

29. Oklahoma City Thunder (+50000)

The Thunder hope that their stockpile of assets turns into an NBA title one day, but it won’t be this season.

30. Cleveland Cavaliers (+50000)

We’re done here.

NBA Title Odds FAQ

Who has the best odds to win the NBA Finals 2022?

The Nets, followed by the Lakers, have the best chance to win the NBA Finals this year.

How do NBA odds work?

If you’re confused about all this, read up on a few of these educational pieces:

How can you bet on the NBA Finals?

If you’re in a legal betting state, it’s easy to get started betting on the NBA. See where your state stands with betting legalization.

Previous NBA Title Winners

Year Champion
2021 Milwaukee Bucks
2020 Los Angeles Lakers
2019 Toronto Raptors
2018 Golden State Warriors
2017 Golden State Warriors
2016 Cleveland Cavaliers
2015 Golden State Warriors
2014 San Antonio Spurs
2013 Miami Heat
2012 Miami Heat
2011 Dallas Mavericks
2010 Los Angeles Lakers
2009 Los Angeles Lakers
2008 Boston Celtics
2007 San Antonio Spurs
2006 Miami Heat
2005 San Antonio Spurs
2004 Detroit Pistons
2003 San Antonio Spurs
2002 Los Angeles Lakers
2001 Los Angeles Lakers
2000 Los Angeles Lakers

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