On June 12th, 2023, the Denver Nuggets defeated the Miami Heat in five games to capture their first-ever NBA Championship. Now that the 2023-24 season has begun, futures odds for NBA betting are taking action now at online sportsbooks for this season’s champion and a number of other outcomes.
The Nuggets are garnering the best betting odds in the Western Conference, implying that they are due for another trip to the NBA Finals. The most likely team to face Denver in the Finals is the Milwaukee Bucks.
The Bucks are typically among the top teams in the East and are often ranked highly in the overall odds for betting on the NBA Finals. This year is different for Milwaukee, as they’ve signed point guard Damian Lillard to bolster their lineup.
Oddsmakers have noticed and have placed them a few points higher than the Boston Celtics in the odds to win the Eastern Conference.
2024 NBA Championship Futures
Milwaukee Bucks +380
Boston Celtics +400
Denver Nuggets +550
Phoenix Suns +600
Golden State Warriors +1200
Los Angeles Lakers +1200
Los Angeles Clippers +1800
Dallas Mavericks +2500
Miami Heat +2500
Philadelphia 76ers +2500
Memphis Grizzlies +3000
Cleveland Cavaliers +3500
Minnesota Timberwolves +5000
New York Knicks +5000
Sacramento Kings +5000
New Orleans Pelicans +6000
Oklahoma City Thunder +6600
Atlanta Hawks +12500
Brooklyn Nets +15000
Toronto Raptors +15000
Chicago Bulls +20000
Indiana Pacers +30000
San Antonio Spurs +30000
Charlotte Hornets +50000
Houston Rockets +50000
Orlando Magic +50000
Portland Trail Blazers +50000
Utah Jazz +50000
Detroit Pistons +75000
Washington Wizards +75000
Online sportsbooks are also taking wagers on NBA prop bets for awards given out at the end of the season. While these betting odds will pay out handsomely for all winners, these awards are not given out until next May, right before the NBA playoffs begin.
The Bucks’ Damian Lillard is the current favorite to win the NBA Clutch Player of the Year. This award debuted last season and is given to the player who most often comes through in the clutch for their team.
Denver’s Nikola Jokic is the favorite in the preseason NBA MVP odds. If Jokic wins, it will be the third year in a row that he has become the league’s Most Valuable Player for the regular season.
NBA Prop Bets For Award Winners
2024 NBA’s 6th Man Of The Year Odds: Immanuel Quickley (NYK) +650, Malcolm Brogdon (POR) +900, Jrue Holiday (BOS) +1000, Norman Powell (LAC) +1000
NBA Clutch Player of the Year Odds: Damian Lillard (MIL) +900, Luka Doncic (DAL) +900, Shai Gilgeous-Alexander (OKC) +900
NBA Coach of the Year Odds: Mark Daigneault +500, Adrian Griffin +900, Quin Snyder+1100
NBA Defensive Player of the Year Odds: Jaren Jackson Jr. (MEM) +500, Evan Mobley (CLE) +700, Giannis Antetokounmpo (MIL) +850
NBA Most Improved Player Odds: Jordan Poole (WAS) +900, Austin Reaves (LAL) +1000, Tyrese Maxey (PHI) +1000
NBA Regular Season MVP Odds: Nikola Jokic (DEN)+400, Luka Doncic (DAL) +500, Giannis Antetokounmpo (MIL) +600
NBA Rookie of the Year Odds: Victor Wembanyama (SAS) -150, Chet Holmgren (OKC) +300, Scoot Henderson (POR) +450
The season is already underway, with active NBA betting lines for games every night. If you’d like to bet on any of the above NBA odds, they are currently being offered at Bovada.lv.