NBA Title Odds: Celtics, Bucks Enter Preseason as Championship Favorites

NBA Title Odds: Celtics, Bucks Enter Preseason as Championship Favorites article feature image
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Adam Glanzman/Getty Images. Pictured: Jayson Tatum #0 of the Boston Celtics handles the ball against Giannis Antetokounmpo #34 of the Milwaukee Bucks.

The Boston Celtics’ 17 NBA titles are tied with the Los Angeles Lakers for the most in NBA history, and oddsmakers currently peg them as the betting co-favorite to win their 18th NBA championship as preseason action gets underway.

The Celtics made it to Game 7 of the Eastern Conference Finals last year, and they bolstered an already talented lineup by acquiring Jrue Holiday on the eve of training camp. It continued a transformative offseason for Boston, who traded away long-time Celtic Marcus Smart in exchange for Kristaps Porzingis earlier in the summer. FanDuel lists them at +380, which is in line with the consensus odds.

NBA Title Odds

Odds via FanDuel and as off Monday Oct. 9.

TeamOdds
Celtics+380
Bucks+380
Nuggets+550
Suns+550
Lakers+1300
Warriors+1400
Cavaliers+2400
Grizzlies+2400
Mavericks+2500
Clippers+2700
76ers+2700
Heat+3000
Pelicans+4200
Knicks+4600
Kings+5000
Timberwolves+5500
Thunder+8500
Bulls+13000
Raptors+13000
Nets+13000
Hawks+13000
Pacers+26000
Trail Blazers+50000
Wizards+50000
Hornets+50000
Jazz+50000
Magic+50000
Spurs+50000
Rockets+50000
Pistons+50000

Meanwhile, the Milwaukee Bucks are right on Boston’s heels at +400, although FanDuel has them equal with the Celtics at +380. Milwaukee swung a blockbuster trade of their own shortly before training camp, acquiring Damian Lillard from Portland. The seven-time All-Star set a new career-high averaging 32.2 points per game last season, and will pair with perennial MVP candidate Giannis Antetokounmpo to form one of the league’s top duos.

Overall, oddsmakers project the Eastern Conference to be top heavy heading into the 2023-24 campaign. The Cleveland Cavaliers  (+2400) are the only other team FanDuel lists as a top 10 favorite. The other seven all come from the Western Conference, which figures to be wide open. The Phoenix Suns have the third-best odds at +550, tied with the reigning NBA champion Denver Nuggets.

Finally, while the Miami Heat made it to the NBA Finals a year ago, oddsmakers are down on their chances for a return visit. The hot rumor over the summer was that Miami was the likely landing spot for Lillard, but the Trail Blazers opted for Milwaukee’s package instead.

Even though the Heat return the big three of Jimmy Butler, Bam Adebayo and Tyler Herro, they failed to make a splash in the offseason while their two biggest threats in the East made significant upgrades. As a result, FanDuel has them at +3000 to take home the title, which ranks 12th in the league.

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