Early 2024 NBA Championship Betting Odds

Alex Murray
By:
Alex Murray
15 Jun 23
Betting Magazine
News - NBA
Early 2024 NBA Championship Betting Odds

The Denver Nuggets won the franchise’s first NBA championship earlier this week when they won 94-89 over the Miami Heat to complete a 4-1 series win in the NBA Finals. With the rollercoaster 2022-23 season now complete, it’s time to look ahead to next season and who has the best chance to follow the Nuggets as the 2024 NBA champions. After their dominant playoff run, it’s not surprising to see the Nuggets as the odds-on favorites in the outright betting markets for next year’s title on most NBA betting sites and betting apps.

Highlights

  • Denver Nuggets are the favorites to win the 2024 NBA title
  • Boston Celtics and Milwaukee Bucks have the best odds to dethrone Denver
  • 2023 NBA Finalists Miami Heat have the 10th best outright odds

2023-24 NBA Championship Betting Odds Table

The Denver Nuggets were dominant during their playoff run to the Larry O’Brien trophy, going 16-4 and losing just one game at home. Before the 2022-23 season, the Nuggets had the ninth shortest odds to win the championship at +1,800. There has not been a team to win the NBA Championship after being outside the top 10 in preseason outright odds, with the longest odds being those of the 2015 Warriors, at +2,800. All odds provided by Betway.

Team

Outright Odds

Denver Nuggets

+450

Boston Celtics

+550

Milwaukee Bucks

+650

Phoenix Suns

+900

Los Angeles Lakers

+1,100

Dallas Mavericks

+1,200

Golden State Warriors

+1,200

Philadelphia 76ers

+1,400

Los Angeles Clippers

+1,800

Miami Heat

+1,800

Denver Nuggets Odds Analysis

For some reason no one really gave the Denver Nuggets a chance to win the NBA championship even after they finished the regular season with the best record in the West. They went through their competition like swiss cheese on their way to winning the title, losing just four games throughout the playoffs.

They’ll bring back the same core of Nikola Jokic, Jamal Murray, Michael Porter Jr., and Aaron Gordon next year which is a great sign. They will also have Kentavious Caldwell-Pope back and will likely try to hammer out a deal for bench extraordinaire Bruce Brown.

They’re well-coached, they’re well-rounded, and all of their top players are still in their primes or about to enter their primes, so they’re a great shout to go back-to-back in 2024, though the +450 odds leave a little to be desired this early in the game.

Boston Celtics Odds Analysis

The Boston Celtics just keep pounding on the championship door but they just can’t quite find their way through. They lost in the NBA Finals in 2022 and have lost in the Eastern Conference Finals in four of the last seven years. They’ll be bringing back nearly all of the usual suspects, so they have that familiarity and chemistry going for them.

The big thing is that they need to get far more consistent play from their two big name All-NBA guys, Jayson Tatum and Jaylen Brown. Joe Mazulla is a solid coach who should only improve in his second year on the job, but it will be the progress of Tatum and Brown as consistent playoff performers that will set them apart this year.

They might want to supplement their roster with another dynamic scorer to take pressure off the top two guys and/or grab a veteran who’s won a championship to help teach this young team how to finish the job. At +550, we’re not touching the Celtics right now, though they’ll likely be making another deep playoff run.

Milwaukee Bucks Odds Analysis

Safe to say that despite whatever moral platitudes Giannis Antetokounmpo was preaching after losing in the first round in five games to the No. 8 seed, last season was a massive disappointment for the Milwaukee Bucks, who canned their coach, Mike Budenholzer, just two years after leading the team to an NBA title.

They replaced him with another recently fired champion, Nick Nurse, formerly of the Toronto Raptors. Nurse should definitely get a tune out of these players and the new coach bounce should give the Bucks a little something extra too.

Giannis should be working on his free throw shooting and his jump shot in the offseason so he can be more of a consistent threat late in games, and the Bucks also desperately need some athleticism on their roster, an area which was sorely lacking last year outside of Giannis and Jrue Holiday and which was an especially glaring issue against the Heat.

Best Of The Rest

While the Nuggets are our best bet to win in 2024, the Phoenix Suns at +900 are probably the team offering the best value. They’re getting a much-needed reset after moving on from head coach Monty Williams and point guard Chris Paul and will no doubt be major buyers in the offseason as they look for depth behind Kevin Durant and Devin Booker.

The only other teams that we believe can actually go out and win the 2024 NBA championship are the pair of teams from LA. As we say every year, if the Clippers can stay healthy, they’ll be a contender, and if the Lakers can get a more consistent tune out of Anthony Davis and maintain the way they played post-trade deadline, they’ll be in the mix too.

Alex is a recent graduate of Ryerson's Sport Media program in 2019 and has been contributing to BettingTop10 since 2020. He has worked in the field of sports and sports betting for several years, including stops writing for theScore and daily fantasy sports website FantasyPros as one of the lead NBA news writers. A dedicated sports fan and experienced sports bettor, Alex has the knowledge to provide you with the best betting advice and the sneakiest props no matter what the sport may be.