2026-27 NBA Finals Futures Odds: Giannis to the Heat Shakes Things Up
NBA futures odds for 2026-27 are now on the board, now that the 2025-26 has come to a climactic end. The New York Knicks just ended a 53-year title drought in stunning fashion vs. the San Antonio Spurs.
And the first big trade has come to shake up 2026-27 NBA Finals futures odds. Giannis Antetokounmpo was sent to the Miami Heat, leading to a significant improvement for Miami. But the San Antonio Spurs and Oklahoma City Thunder remain co-favorites.
Here's everything you need to know about NBA odds for 2027 futures: action, line movement and betting trends.
Also, be sure to utilize our prediction market apps and Polymarket promo code by clicking on the module below, or our BetMGM bonus code to get the most out of your action on 2027 NBA futures odds.
(Feature image: Benny Sieu/Imagn Images)
Below are current 2026-27 NBA Finals odds from an array of sportsbooks, including bet365, followed by oddsmaker insights. Check back for updates.
(Feature image credit: Brad Penner/Imagn Images)
Nba Champion Odds
| Time | BetMGM | DraftKings | Caesars | FanDuel | HardRock | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
| +260 | +250 | +260 | +260 | +260 | +250 | ||
| +260 | +260 | +250 | +260 | +250 | +250 | ||
| +650 | +650 | +700 | +600 | +650 | +700 | ||
| +750 | +700 | +600 | +800 | +700 | +700 | ||
| +1800 | +1800 | +1600 | +2000 | +1750 | +1600 | ||
| +2200 | +2200 | +1800 | +2200 | +2250 | +2500 | ||
| +2500 | +2500 | +2500 | +2200 | +2500 | +2500 | ||
| +2500 | +2500 | +2800 | +2500 | +2500 | +2500 | ||
| +2500 | +3000 | +3500 | +3000 | +3000 | +3000 | ||
| +4000 | +4000 | +2800 | +4000 | +4000 | +4000 | ||
|
| |||||||
2027 NBA Finals Odds
Heat Check
LATEST UPDATE: On the evening of June 22, news broke that the Miami Heat reached a deal to acquire superstar Giannis Antetokounmpo from the Milwaukee Bucks. Bobby Portis is also going to Miami as part of the deal.
In exchange, Tyler Herro, Kel'el Ware, Jaime Jaquez Jr. and Kasparas Jakucionis are headed to Milwaukee. Additionally, the Heat are sending three first-round picks to the Bucks – including in the June 23, 2027, draft – along with other considerations.
Obviously, the deal significantly impacted NBA Finals odds. BetMGM moved the Heat from +3000 into the +1800 fifth choice.
"The Heat are still a positive result for us. But to no surprise, since the trade was confirmed, we've taken the most bets on the Heat," BetMGM trading manager Hal Egeland said. "I personally don't think they're the eighth-best team in the league.
"But that's more of a statement on the East vs. West."
Egeland also noted Miami's offensively strategy – particularly with Bam Adebayo – will have to significantly change.
"Having said that, Giannis and Bam is a tough matchup on the other side of the ball, for just about any team," Egeland said.
In the wake of the deal, Miami has now taken the fifth-most tickets in BetMGM's NBA Finals futures. However, the Heat are just 11th in money, at less than 1.5% of all cash.
Knicks of Time
LATEST UPDATE: When the 2026 playoffs began, the New York Knicks were +2200 in BetMGM's NBA Finals futures odds. That put New York fourth just among Eastern Conference teams, behind the Celtics, Pistons and Cavaliers.
But aided by the Celtics' first-round exit vs. Philadelphia, the Knicks ran all the way to the championship. In the Finals, New York opened as a +185 underdog to the San Antonio Spurs, then trailed by double digits in all five games.
Yet the Knicks won the series 4-1 to lift the championship trophy.
On the day of Game 1, June 3, BetMGM got body-slammed with Knicks series money. So much that it literally flipped the book's NBA futures odds need to the Spurs.
That action included a $200,000 Knicks +155 bet, which bagged $310,000 profit. Further, before the playoffs opened, a BetMGM customer put $2,000 on Knicks +2200 to win it all. So that bet banked $440,000 profit.
And surely more money showed after upsets in Games 1 and 2. The only hiccup in New York's shocking run through the NBA Finals was a 115-111 Game 3 loss. The Knicks finished the season on a 15-1 SU/14-2 ATS tear.
Money flowed toward all that success.
"We held a good position on the Knicks most of the year. But as the playoffs progressed, with the Knicks winning in dominant fashion, the Knicks money came in droves," BetMGM trading manager Hal Egeland said.
"It was a tough result for us. But we have to tip our cap to Knicks bettors. That was a hell of a run."
Spurs, Thunder 2026-27 Favorites
Despite the Knicks' comeback heroics in all four of their Finals wins over the Spurs, it's San Antonio that's atop 2026-27 NBA championship odds. At BetMGM, the Spurs are +260 co-favorites, joined by the Western Conference rival Oklahoma City Thunder.
In this just-completed season, the Spurs beat the Thunder in seven games in the Western Conference finals. After the NBA Finals, BetMGM opened the Thunder at +260 and the Spurs at +270.
Sitting third in 2027 NBA Finals futures odds are the Boston Celtics at +650, after opening +700. Before the 2026 playoffs opened, the Celtics were favored to represent the East in the NBA Finals. But Boston was unceremoniously dumped by Philadelphia in a seven-game Round 1 series.
Defending champion New York opened +700 and is now the +750 fourth choice in odds to win the 2027 NBA Finals. After that come the Heat at +1800, then a substantial drop-off to the Denver Nuggets, Detroit Pistons and Los Angeles Lakers, all at +2800.
The top five in tickets in BetMGM's 2027 NBA futures odds:
- Celtics
- Knicks
- Indiana Pacers (+4000)
- Pistons
- Heat
And the top five in money in BetMGM's 2026-27 NBA championship odds:
- Thunder
- Celtics
- Lakers
- Golden State Warriors (+6000)
- Knicks
The Thunder are absolutely lapping the field in money, taking 53.5% of cash on just 4.3% of bets (ninth).
Opening Odds to win 2026-27 NBA Finals
The San Antonio Spurs just finished as runner-up in the NBA Finals, then opened as the +250 co-favorite in 2026-27 NBA Finals odds. The Oklahoma City Thunder are also at +250.
Below are DraftKings' opening odds to win the 2027 NBA Finals.
- San Antonio Spurs +250
- Oklahoma City Thunder +250
- Boston Celtics +550
- New York Knicks +700
- Indiana Pacers +2800
- Denver Nuggets +2800
- Minnesota Timberwolves +3000
- Los Angeles Lakers +3000
- Detroit Pistons +3000
- Cleveland Cavaliers +3000
- Miami Heat +4000
- Golden State Warriors +4500
- Philadelphia 76ers +5500
- Houston Rockets +6000
- Los Angeles Clippers +7500
- Orlando Magic +8000
- Portland Trail Blazers +9000
- Charlotte Hornets +9000
- Toronto Raptors +10000
- Atlanta Hawks +10000
- Washington Wizards +12000
- Phoenix Suns +12000
- Dallas Mavericks +12000
- Utah Jazz +20000
- New Orleans Pelicans +25000
- Milwaukee Bucks +25000
- Brooklyn Nets +25000
- Memphis Grizzlies +50000
- Chicago Bulls +70000
- Sacramento Kings +100000
Try our DraftKings promo code to bet on the NBA!
Popular NBA Futures Markets
- NBA Vegas Odds
- NBA MVP
- NBA Rookie of The Year
- NBA Defensive Player of The Year
- NBA Most Improved Player
- NBA Sixth Man of The Year
- Win Totals (Over-Under)
NBA Conference Winner Markets
NBA Division Winner Markets
- Atlantic Division Winner Odds
- Central Division Winner Odds
- Northwest Division Winner Odds
- Pacific Division Winner Odds
- Southeast Division Winner Odds
- Southwest Division Winner Odds
NBA Series Odds
NBA Playoffs Betting Resources
- NBA Finals Odds
- NBA East Odds
- NBA West Odds
- NBA Expert Picks
- NBA Playoffs Free Picks
- NBA Consensus Picks
- NBA Player Prop Picks
- NBA Finals MVP Odds
- NBA ATS Rankings
- NBA Finals Betting History
- NBA Playoffs Best Sportsbooks
Best Bets
How To Bet On NBA Futures
Betting on the NBA is widely popular in the United States and the NBA Futures Odds market continues to cater to both novice and professional bettors. The NBA championship is decided very June with a best-of-seven matchup known as the NBA Finals.
This Future Odds market is open year-round and the oddsmakers will adjust their numbers when trades, injuries, free agent signings, or other changes affect the NBA championship odds. The opening odds come out at the end of the current season or just after it ends, with NBA Future Odds posted on all 30 teams in the league.
For extra value betting on NBA games, use our BetMGM bonus code and get bonus bets as a new user welcome.
Betting on NBA Futures may not always provide big payouts due to the nature of the league, where dynasties are often created by player movement in free agency. However, betting on the right team early can provide better results, as seen in 2019 when the Toronto Raptors won with +1850 odds to win the NBA championship in August 2018. Compare that to the +750 odds the Raptors had in December 2018 and you can see how the NBA Futures odds could offer less value as the season progresses and the player talent is on display.
The NBA championship futures betting market takes in the most volume of wagers and money at sportsbooks. But there are other wagering opportunities in the NBA Futures market, including conference and division winners.
Sportsbooks also offer up NBA futures odds on specific player awards, usually just for Most Valuable Player and Rookie of the Year. These wagers are a little tricky since those bets and their results are based off subjectivity. Both awards are determined by votes from sports writers and we all know that everybody has an opinion.
Where Can I Bet On The 2025 NBA Championship?
There are several legal sportsbook options in the United States. One sportsbook that we are particularly excited about is Fanatics Sportsbook. Be sure to check out our review and take a look at their NBA betting options!
What Types Of Bets Can I Make ON The NBA?
In addition to betting on how teams will finish in the NBA playoffs, there are multiple angles you can bet on individual games. Check out our NBA Las Vegas odds page for the standard betting odds on each game.
Where Can I Learn How To Bet On Basketball?
To learn more about betting on basketball, check out our basketball betting tutorial.
Remember, you can also bet the NBA finals with the bet365 bonus code!
