NBA Championship Odds: Latest NBA Finals Odds and Predictions [5/7/2024]

The latest NBA championship odds have been updated as of May 7, 2024, which covers every team's up-to-date NBA title chances as we advance through the postseason.

Thanks to our powerful predictive analytics model, this article will provide an analysis of the following:

• Each team's likelihood of winning the 2023/24 NBA championship
• The latest odds for teams winning their respective conference
• The sportsbooks offering you the best odds for NBA futures betting

According to Dimers' in-house NBA Championship Odds, the team with the most favorable outlook of winning the NBA title is the Boston Celtics, followed by the Minnesota Timberwolves. Additionally, by taking advantage of the sportsbook offers listed below, you can maximize the value of your NBA futures bets through the power of sign-up deals.

Dimers provides NBA lovers with NBA picks every day, including insights into the likelihood of each team becoming this season's champion. Below, you'll find detailed information on the top five most likely contenders for the championship.

Current Odds to Win NBA Championship [5/7/2024]

After simulating the remainder of the postseason, our supercomputer has identified the Celtics as the team most likely to become NBA champions, with a probability of 47.9%.

The top five contenders for the NBA championship also include the Timberwolves, Thunder, Knicks, and Nuggets.

1. Boston Celtics

• Dimers Probability: 47.9%
• Championship Odds: +110

The Celtics are currently projected to have a 47.9% chance of winning the 2023/24 NBA title, with the most favorable odds of +110 available at BetMGM Sportsbook.

Additionally, Boston is rated with a 69.8% chance of winning the Eastern Conference, and DraftKings Sportsbook offers the best odds of -105 for this outcome.

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By signing up to Dimers Pro you can find our NBA Best Bets for every single game of the season.

2. Minnesota Timberwolves

• Dimers Probability: 21.7%
• Championship Odds: +320

The Timberwolves have a 21.7% chance of clinching the 2023/24 NBA title, and the most favorable odds of +320 can be found at DraftKings Sportsbook.

Furthermore, Minnesota is rated with a 48.5% chance of winning the Western Conference, and BetMGM offers the best odds of -320 for this scenario.

As well as presenting these odds and probabilities on the Timberwolves to win the title, Dimers produces NBA player props throughout the season, including points, rebounds and assists projections for Anthony Edwards.

3. Oklahoma City Thunder

• Dimers Probability: 11.2%
• Championship Odds: +850

The Thunder are projected to have a 11.2% chance of securing the 2023/24 NBA title, and you can find the most favorable odds of +850 at DraftKings Sportsbook.

Oklahoma City, lead by Shai Gilgeous-Alexander, is rated with a 25.2% chance of winning the Western Conference, and DraftKings Sportsbook offers the best odds of +300 for this outcome.

Speaking of Shai Gilgeous-Alexander, make sure you check out our NBA betting trends, where you can find just how often players such as the Thunder star are hitting their prop lines.

4. New York Knicks

• Dimers Probability: 6.8%
• Championship Odds: +950

The Knicks are projected to have a 6.8% chance of winning the 2023/24 NBA title, and the most favorable odds of +950 can be found at DraftKings Sportsbook.

Furthermore, New York is rated with a 21.3% chance of winning the Eastern Conference, and BetMGM offers the best odds of +700 for this scenario.

Wondering how Jalen Brunson and the Knicks will fare in their next game? Our NBA predictions page has probabilities for the spread, moneyline and over/under for each and every game on the slate.

5. Denver Nuggets

• Dimers Probability: 4.8%
• Championship Odds: +1500

The Nuggets are projected to have a 4.8% chance of securing the 2023/24 NBA title, with the most favorable odds of +1500 currently available at FanDuel Sportsbook.

Additionally, Denver is rated with a 10.8% chance of winning the Western Conference, and BetMGM offers the best odds of +425 for this outcome.

NBA Title Odds as of May 7, 2024

Here, we've shown you how likely it is that each team will win the NBA title and given you the best odds from sportsbooks to bet on them.

See a 🔥? That means our model thinks that team is a +EV bet to win the NBA championship.

What Is an Edge in NBA Futures Betting?

An edge occurs when Dimers' model projects the probability of an event to be higher than the best odds available. Essentially, it means that our NBA model projects a bet has a higher likelihood of winning than the sportsbooks are giving it. This means the higher the edge, the better.

Although it does not guarantee that you will win a given bet, consistently taking picks with a higher betting edge can increase your chances of being profitable in the long run. This is an essential aspect of being a successful sports bettor.

Make Smarter NBA Futures Betting Decisions Today - 5/7/2024

At Dimers.com, we take the responsibility of providing NBA futures picks very seriously, especially when considering the implications of gambling and the potential impact on our users' financial well-being and quality of life.

While we strive to provide accurate and insightful betting advice, we always recommend that our users exercise caution and conduct their own research before using our futures picks or any other betting advice, as ultimately, it's up to each individual to make informed decisions that align with their personal values and goals. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.

All odds and probabilities in this article are correct and accurate at the time of publishing.