NBA Championship Odds 2026-27: Spurs Favored, Thunder Drift, 76ers Third
The San Antonio Spurs are the favorite to win the 2026-27 NBA championship at +280 to +290 across bet365, BetMGM, DraftKings and Caesars as of Wednesday, November 4, 2026, 10:00 AM ET, a 21.8% fair chance once the sportsbook margin is removed. The Oklahoma City Thunder, co-favorites with San Antonio on opening night, have drifted to +425 to +475 since Jalen Williams and Cason Wallace were hurt on October 25. The 7-1 Philadelphia 76ers are third at +650 to +850, the 3-4 defending champion New York Knicks are fourth, and the 7-1 Houston Rockets have climbed to sixth. Here is every team at four books, checked against Kalshi's title market.
The board has settled into a new shape since opening night on October 20. The Thunder were priced level with the Spurs then; the October 25 injuries to Williams (fractured fibula and dislocated ankle) and Wallace (torn labrum) moved them from +250 to +280 to a range of +425 to +475 in ten days, and San Antonio became the favorite by standing still. Below them, the market has rewarded Philadelphia and Houston for 7-1 starts with small moves and left the 6-1 Pistons and 6-1 Grizzlies almost where they were.
NBA championship odds for every team
Prices are from bet365, BetMGM, DraftKings and Caesars on VegasInsider's live board, as of November 4, 2026, cross-checked against The Odds API's FanDuel, BetMGM and BetRivers feed, which had the same top eight in the same order. "Fair %" divides each team's implied probability (from its median price) by the total for all 30 teams, which removes the books' margin. The Kalshi column is the Tuesday-morning midpoint, scaled to 100%. FanDuel and Hard Rock were left out because their columns on the board lag the other four (FanDuel still lists the Thunder at +260). Records are through November 3 from the CBS Sports standings.
| Team | Conf | Rec | Range | Best price | Fair % | Kalshi |
|---|---|---|---|---|---|---|
| 1. San Antonio Spurs | West | 5-2 | +280 to +290 | +290 (BetMGM and DraftKings) | 21.8% | 21% |
| 2. Oklahoma City Thunder | West | 5-2 | +425 to +475 | +475 (Caesars) | 15.3% | 15% |
| 3. Philadelphia 76ers | East | 7-1 | +650 to +850 | +850 (bet365 and DraftKings) | 9.1% | 12% |
| 4. New York Knicks | East | 3-4 | +900 to +1,000 | +1,000 (3 books) | 7.6% | 6% |
| 5. Boston Celtics | East | 5-2 | +1,000 to +1,600 | +1,600 (Caesars) | 7.0% | 6% |
| 6. Houston Rockets | West | 7-1 | +1,400 to +1,500 | +1,500 (BetMGM and Caesars) | 5.4% | 7% |
| 7. Toronto Raptors | East | 4-3 | +1,600 to +2,000 | +2,000 (Caesars) | 4.9% | 3% |
| 8. Minnesota Timberwolves | West | 5-3 | +1,200 to +1,800 | +1,800 (3 books) | 4.4% | 5% |
| 9. Detroit Pistons | East | 6-1 | +2,200 to +2,500 | +2,500 (3 books) | 3.2% | 3% |
| 10. Los Angeles Lakers | West | 6-2 | +2,500 to +2,800 | +2,800 (bet365 and BetMGM) | 3.1% | 3% |
| 11. Denver Nuggets | West | 3-3 | +2,200 to +2,800 | +2,800 (BetMGM and Caesars) | 3.1% | 2% |
| 12. Cleveland Cavaliers | East | 4-3 | +2,500 to +3,500 | +3,500 (Caesars) | 2.8% | 2% |
| 13. Indiana Pacers | East | 2-6 | +4,000 | +4,000 (4 books) | 2.0% | 1% |
| 14. Portland Trail Blazers | West | 5-1 | +3,500 to +4,000 | +4,000 (3 books) | 2.0% | 2% |
| 15. Miami Heat | East | 2-5 | +4,500 to +5,500 | +5,500 (DraftKings) | 1.6% | 1% |
| 16. Atlanta Hawks | East | 4-4 | +5,500 to +6,500 | +6,500 (DraftKings and Caesars) | 1.4% | 1% |
| 17. Golden State Warriors | West | 5-3 | +6,000 to +8,000 | +8,000 (BetMGM and Caesars) | 1.1% | 1% |
| 18. Orlando Magic | East | 2-5 | +6,000 to +10,000 | +10,000 (Caesars) | 1.1% | 1% |
| 19. Charlotte Hornets | East | 3-5 | +10,000 to +17,500 | +17,500 (Caesars) | 0.6% | 1% |
| 20. Memphis Grizzlies | West | 6-1 | +12,000 to +15,000 | +15,000 (BetMGM and Caesars) | 0.6% | 1% |
| 21. Dallas Mavericks | West | 4-3 | +15,000 to +20,000 | +20,000 (bet365 and DraftKings) | 0.4% | 1% |
| 22. Phoenix Suns | West | 1-4 | +25,000 to +30,000 | +30,000 (DraftKings) | 0.3% | 1% |
| 23. Washington Wizards | East | 4-3 | +25,000 to +35,000 | +35,000 (bet365 and BetMGM) | 0.3% | 1% |
| 24. Utah Jazz | West | 1-6 | +35,000 to +50,000 | +50,000 (bet365 and Caesars) | 0.2% | 1% |
| 25. Chicago Bulls | East | 1-6 | +90,000 to +100,000 | +100,000 (bet365 and BetMGM) | 0.1% | 1% |
| 26. New Orleans Pelicans | West | 3-4 | +100,000 | +100,000 (4 books) | 0.1% | 1% |
| 27. LA Clippers | West | 1-6 | +100,000 | +100,000 (4 books) | 0.1% | 1% |
| 28. Brooklyn Nets | East | 1-6 | +100,000 | +100,000 (4 books) | 0.1% | 1% |
| 29. Milwaukee Bucks | East | 1-6 | +100,000 | +100,000 (4 books) | 0.1% | 1% |
| 30. Sacramento Kings | West | 1-6 | +100,000 | +100,000 (4 books) | 0.1% | 1% |
The favorites
San Antonio Spurs (+280 to +290)
The Spurs ended Oklahoma City's title defense in Game 7 of the Western Conference finals last spring and reached their first NBA Finals since 2014, then lost the series 4-1 to New York. They are 5-2 and the favorite at every one of the four books, and Victor Wembanyama is also the favorite on our NBA MVP odds board. The best price is +290 at BetMGM and DraftKings.
Oklahoma City Thunder (+425 to +475)
The 2025 champions were one game from a return to the Finals, and Shai Gilgeous-Alexander has won back-to-back MVPs. The price moved on injuries, not results: Oklahoma City is 5-2, but Williams and Wallace both need surgery, per general manager Sam Presti, and the books went from co-favorite to a clear second. Caesars has the best number at +475.
The next tier
Philadelphia 76ers (+650 to +850)
The biggest offseason story has the best record in the East. Philadelphia added Jaylen Brown, then signed LeBron James, 41, on July 24 for his 24th season, next to Joel Embiid and Tyrese Maxey, and is 7-1. Caesars is the short book at +650; bet365 and DraftKings have +850. Kalshi rates the 76ers higher than any sportsbook, at 12%.
New York Knicks (+900 to +1,000)
Jalen Brunson was Finals MVP after scoring 45 in the Game 5 clincher in San Antonio. The defending champions are 3-4 and still fourth on the board, with +1,000 available at three of the four books. The market is pricing the roster over 82 games, not a seven-game start.
Boston Celtics (+1,000 to +1,600) and Houston Rockets (+1,400 to +1,500)
Boston is 5-2 and the books disagree more on the Celtics than on any other top-five team: +1,000 at bet365 and DraftKings, +1,600 at Caesars. That 600-point gap is worth shopping. Houston is 7-1, up from 12th on opening night to sixth, and the four books are within 100 points of each other.
Detroit Pistons and Memphis Grizzlies: the records the market discounts
Detroit is 6-1 and +2,200 to +2,500, a price that has not moved in two weeks. Memphis is 6-1 and +12,000 to +15,000, down from +75,000 to +100,000 on opening night, the biggest percentage move on the board and still only 0.6% fair. Six games is a small sample, and the books are saying so.
Kalshi vs. the sportsbooks: where they disagree
Kalshi's 2027 champion market is a second, independent read on the same race. On Wednesday morning, November 4, 2026, it priced the Spurs at 21%, the Thunder at 15%, the 76ers at 12%, the Rockets at 7%, the Knicks and Celtics at 6% each and the Timberwolves at 5%. The top two line up with our fair numbers. The gaps are in the next tier: Philadelphia is 12% on Kalshi against 9.1% fair at the books, Houston is 7% against 5.4%, and Toronto is 3% against 4.9%. When two markets disagree that much, the cheaper side is the one worth checking first. Our guide explains how to read Kalshi odds.
| Team | Books, fair % | Kalshi |
|---|---|---|
| San Antonio Spurs | 21.8% | 21% |
| Oklahoma City Thunder | 15.3% | 15% |
| Philadelphia 76ers | 9.1% | 12% |
| Houston Rockets | 5.4% | 7% |
| New York Knicks | 7.6% | 6% |
| Boston Celtics | 7.0% | 6% |
| Minnesota Timberwolves | 4.4% | 5% |
| Toronto Raptors | 4.9% | 3% |
How to read NBA championship odds
A +285 price pays $285 profit on a $100 bet if that team wins the title. Converted to probability, +285 is 26.0% before the margin is removed. Add up every team's implied chance and you get 119.0%, not 100%: the extra 19.0% is the sportsbooks' edge on this market. Our fair % strips that out so the 30 teams add up to 100%.
For the full order of all 30 teams with weekly movement, see our NBA power rankings, and for every team's regular-season number, our NBA win totals page.
NBA championship odds questions
Who is the favorite to win the 2026-27 NBA championship?+
Why did the Oklahoma City Thunder's title odds get longer?+
Who won the 2026 NBA championship?+
What are the 76ers' title odds with LeBron James?+
Where can I find more NBA futures?+
More basketball futures: NBA Cup odds for the in-season tournament, and 2027 WNBA championship odds.