2025-26 NBA Finals odds: Oklahoma City Thunder open as title favorites ahead of Warriors, Knicks, Cavaliers, Rockets.
The Oklahoma City Thunder are the 2025 NBA champions after outlasting the Indiana Pacers in a thrilling seven-game series. Oklahoma City captured its first title Sunday night behind a standout performance from Shai Gilgeous-Alexander, becoming the seventh different team in the last seven years to win it all.
And even though the celebration for this year's title has just begun, it's not too early to look ahead to next season. Will the Thunder be able to pull off a repeat? No NBA team has done so since the Golden State Warriors won back-to-back titles in 2017 and 2018, but the oddsmakers are very high on Oklahoma City.
Oklahoma City opened as a +240 favorite to win the 2025-26 NBA title at BetMGM, the shortest preseason odds for any team since the 2018-19 Golden State Warriors — a team that was an odds-on favorite (-168) to win the championship, according to Sports Odds History. That Warriors team ended up making its fifth consecutive NBA Finals that season, but lost to the Toronto Raptors after both Kevin Durant and Klay Thompson were injured in the postseason.
The Cleveland Cavaliers (+700) and New York Knicks (+700) have the next-best odds — and best odds in the Eastern Conference — while the Houston Rockets (+800) have the best odds of any other Western Conference team outside the Thunder.
The Rockets were a big mover in the futures market on Sunday before Game 7 tipped off, going from a consensus number of 12-1 to +750 (second-best odds) after it was reported Kevin Durant was dealt to Houston. BetMGM opened the Rockets at +800; that's Houston's best preseason odds since 2019.
2025-26 NBA championship odds
Odds via Fanduel
Team Odds
Oklahoma City Thunder +220
New York Knicks +650
Cleveland Cavaliers +650
Houston Rockets +850
Orlando Magic +950
Boston Celtics +1300
Minnesota Timberwolves +1400
Los Angeles Lakers +1400
Denver Nuggets +1600
Los Angeles Clippers +2500
San Antonio Spurs +2800
Golden State Warriors +2900
Philadelphia 76ers +3200
Dallas Mavericks +4100
Indiana Pacers +6000
Detroit Pistons +6000
Milwaukee Bucks +10000
Memphis Grizzlies +12000
Toronto Raptors +18000
Miami Heat +20000
New Orleans Pelicans +20000
Atlanta Hawks +23000
Phoenix Suns +43000
Portland Trail Blazers +50000
Chicago Bulls +50000
Brooklyn Nets +50000
Charlotte Hornets +50000
Utah Jazz +50000
Washington Wizards +50000
Sacramento Kings +50000
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