This NBA season, every team will look to win its conference and represent it in the NBA Finals. While one conference has a clear favorite and the other appears to be wide open, both races have the potential to be competitive. Here, we look at the NBA conference championship odds for both conferences and look at which teams have the best chances to come out on top of them.
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2024-2025 NBA Eastern Conference Odds
| Team | Eastern Conference Championship Odds |
| Boston Celtics | +125 |
| Milwaukee Bucks | +450 |
| Philadelphia 76ers | +600 |
| New York Knicks | +750 |
| Miami Heat | +1500 |
| Cleveland Cavaliers | +1700 |
| Indiana Pacers | +2000 |
| Orlando Magic | +3500 |
| Atlanta Hawks | +5000 |
| Chicago Bulls | +18000 |
| Toronto Raptors | +25000 |
| Charlotte Hornets | +40000 |
| Brooklyn Nets | +40000 |
| Washington Wizards | +60000 |
| Detroit Pistons | +60000 |
Looking at the latest NBA championship odds, the Boston Celtics are the clear favorites to win the NBA Finals after cruising to the title during the 2023-24 season. Boston has an elite duo in Jayson Tatum and Jaylen Brown, but their role players have been what has set them apart. Still, the Celtics have some competition to beat out if they are going to get back to the NBA Finals.
The Milwaukee Bucks, New York Knicks, and Philadelphia 76ers are the toughest of that competition for the Celtics. All three of those teams were decimated by injuries in last year’s postseason. But the top-end talent on all three squads can rival that of the Celtics when everyone is healthy and playing their best basketball.
At slightly longer odds, there are a couple of interesting teams in Eastern Conference futures markets. The Cleveland Cavaliers and Orlando Magic played in the first round of the playoffs last season, with the Cavaliers advancing in seven games. But both teams have some talent and could take some major steps forward in the 2024-25 season.
2024-2025 NBA Western Conference Odds
| Team | Western Conference Championship Odds |
| Denver Nuggets | +400 |
| Oklahoma City Thunder | +425 |
| Minnesota Timberwolves | +475 |
| Dallas Mavericks | +500 |
| Los Angeles Lakers | +1400 |
| Los Angeles Clippers | +1400 |
| Golden State Warriors | +1400 |
| Phoenix Suns | +1400 |
| Memphis Grizzlies | +2000 |
| New Orleans Pelicans | +2500 |
| Sacramento Kings | +3500 |
| San Antonio Spurs | +8000 |
| Houston Rockets | +10000 |
| Utah Jazz | +50000 |
| Portland Trail Blazers | +50000 |
In the Western Conference last season, the Dallas Mavericks came out on top and lost to the Boston Celtics in the NBA Finals. Trading for PJ Washington and Daniel Gafford at the deadline last season helped the Mavs in a big way on the defensive end of the floor, helping Luka Doncic and Kyrie Irving focus on scoring. Dallas will be among the favorites in the West this season as well, but this conference could go in any number of directions.
The other favorites to win the West are the Minnesota Timberwolves, Denver Nuggets, and Oklahoma City Thunder. Denver has already proven it can win not just the Western Conference, but the NBA Finals as well, doing so a couple of seasons ago. Meanwhile, the Thunder and Wolves are young teams that have proven themselves a season ago as teams that can make substantial leaps forward into the title picture.
At longer odds, the veteran-led teams in the Western Conference could be worth pursuing in futures markets. The Lakers, Clippers, Warriors, and Suns all have the star power to do great things in the Western Conference playoffs. But the question is whether or not their aging stars can hold up against all of the young stars that have taken over the league over the last couple of years.
