Ranking every NBA team by 2025-26 championship odds
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Jokić opened as the strong favorite after the close of the 2024-25 season with +250 odds, with SGA in second behind him at +450. By last week, SGA had jumped Jokić and shortened his odds to +250, with the three-time MVP dropping slightly to +300. At +275 now, they both have an implied probability of a little over 26 percent.
Here's a look at each team's win total and some best bets in the futures market ahead of the 2025-26 NBA season
Denver added Cam Johnson, Tim Hardaway Jr, and Jonas Valanciunas, so the Nuggets improved. Jokic is the favorite at DraftKings to start the year, but second in terms of odds behind SGA at other bookmakers. There is a strong case for Jokic to win his fourth MVP.
Oklahoma City opened as +240 back in June at BetMGM and enters the season at that same price.
The NBA is back with Opening Night 2025 on Tuesday. The latest NBA odds show the Oklahoma City Thunder as 7.5-point favorites against the Houston Rockets, while the Golden State Warriors are 1.5-point road favorites against the Lakers at 10 p.m. ET. LeBron James (sciatica) will miss the opener as he aims for a return in a few weeks.
It is worth noting too that backers of those teams towards the top of the market have been rewarded in recent seasons. Of the last 10 NBA Finals winners, eight started the season with NBA winner odds of 16/1 or shorter, while only two had double digit odds.
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Austin Reaves averaged a career-best 20.2 points per game last season, and he ramped it up to 22.8 points per game from February 1 through the end of the regular season. In three games played with Luka and without LeBron, he posted totals of 28, 30, and 22.
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