Odds to win the NBA Finals: Jokic's Nuggets making a push
Nikola Jokic leads a balanced Nuggets team that looks like a serious NBA Finals contender. Photo by David Zalubowski/AP.

The longtime NBA Finals frontrunners are still at the top, but now a rising challenger in the Western Conference is making things interesting.

The latest: As the Boston Celtics hold their favoured status, the Denver Nuggets move into a tie for the second-shortest odds. Further down the list, the Sacramento Kings are interesting outsiders.

Check out the latest NBA Finals odds.

NBA Finals odds

Check out the latest odds to win the NBA Finals. Click linked odds to add selection to your betslip.

TeamOdds (Jan. 30)Odds (Jan. 22)
Boston Celtics+400+400
Milwaukee Bucks+600+600
Denver Nuggets+600+600
Brooklyn Nets+800+800
Golden State Warriors+800+800
Memphis Grizzlies+1,000+1,000
Philadelphia 76ers+1,000+1,600
Los Angeles Clippers+1,200+1,400
Cleveland Cavaliers+2,000+1,800
Phoenix Suns+2,000+2,000
New Orleans Pelicans+3,000+2,500
Dallas Mavericks+3,000+3,000
Miami Heat+3,000+3,000
Los Angeles Lakers+6,000+6,000

NBA odds as of 10:15 p.m. on 01/30/2023.

Best odds to win the NBA Finals

The favourite: Boston Celtics (+400)

Unsurprisingly, the team with the most wins at this juncture is also the team with the shortest NBA Finals odds.

The Celtics (36-15) were the favourites in the summer and nothing about their efforts since then warrants a change.

Boston's odds have held firm in recent weeks during an active nine-game winning streak, and they've held firm during a less-than-stellar stretch of late. The Celtics are 3-3 in their past six games, and those three wins came by a combined nine points.

Backing Boston means backing the No. 1 team in net rating (5.7) and the East's top team in offensive rating (116.6). And the tandem of Jayson Tatum and Jaylen Brown is comparable with any dynamic duo across the NBA.

The Celtics won their first three matchups against the Nets and Bucks, and they'll face those teams four more times collectively. Those matchups should go a long way in determining the conference's top dog.

Other NBA Finals choices

TeamOdds (Jan. 30)
Sacramento Kings+8,000
Atlanta Hawks+10,000
Toronto Raptors+10,000
Portland Trail Blazers+15,000
Minnesota Timberwolves+25,000
New York Knicks+25,000
Utah Jazz+25,000
Chicago Bulls+25,000
Indiana Pacers+50,000
Washington Wizards+50,000
Oklahoma City Thunder+50,000
Charlotte Hornets+100,000
Detroit Pistons+100,000
Houston Rockets+100,000
Orlando Magic+100,000
San Antonio Spurs+100,000

Best value: Denver Nuggets (+600)

In making a case for the Nuggets as our top value pick during the offseason โ€” when their odds were more than three times this number โ€” we pointed out the intrigue of two-time reigning MVP Nikola Jokic flanked by a pair of recently-injured game-changers (Jamal Murray and Michael Porter Jr.).

Jokic is playing at an MVP level once again and he has a stellar supporting cast behind him.

Murray and Porter are two of Denver's seven players averaging double-digit points (Jokic is obviously in that group as well). That explains why the Nuggets have the second-best offensive rating in the league (117.4) and the fourth-best net rating (4.0).

A recent nine-game winning streak helped vault the Nuggets (34-16) into first in the West. But they did recently lose a pair of road games to the Bucks and 76ers, who they could see down the road if they reach the NBA Finals.

It's a little early for that kind of talk, as Denver has only made it to the conference finals once with this core. But we could see another deep push this year.

Team to watch: Sacramento Kings (+8,000)

Even if you don't understand the Kings' success, it hardly makes sense at this point to ignore it.

Sacramento (27-21) is third in the Western Conference standings, with impressive wins over the Warriors (when they were at full strength), Nets, Nuggets, Clippers and Cavaliers.

Like the Nuggets, the Kings have exceptional scoring depth. Six players average 12-plus points, and the team has the best offensive rating (117.5) as a whole.

Raptors NBA Finals odds

The Raptors have better odds to trade either Fred VanVleet or Gary Trent Jr. than they do of making the playoffs.

That should give you an indication of the vibes right now. Barring a wild turnaround, the ceiling for the Raptors is probably the play-in tournament โ€” and the floor is a winning ticket in the Victor Wembanyama sweepstakes.

From +6,000 on Dec. 27 to +15,000 on Jan. 15, and now at +10,000, Toronto has been on a long-shot rollercoaster for a while. We see no value in sprinkling on the Raptors' current futures market.

FiveThirtyEight's current NBA projections give the Raptors a 34% chance to make the playoffs.

NorthStar Bets editorial Insiders have no influence, direct or otherwise, over the setting of odds advertised on our platforms.