As the 2024 NBA Playoffs surge on, the betting odds for the NBA Finals and conference championships have changed quite a bit over the past few weeks. 

For months, we have had a good idea of which squads will be contending for the 2024 NBA Championship. But which favorites serve as the best NBA Finals bets now that only eight teams remain? Do any sleepers yield value in the NBA betting market?

We'll answer all those questions and more as we update the 2024 NBA championship odds and reveal our latest best bets to win it all and hoist the Larry O'Brien Trophy. 

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NBA Finals odds: Updated championship futures

Here are the latest odds to win the NBA Finals, odds to win the Eastern Conference and odds to win the Western Conference.

All odds courtesy of BetMGM, an authorized gaming operator of the NBA.

Not surprisingly, the Celtics (-120) have the shortest NBA Finals odds. They have dominated the NBA this season, clinching No. 1 early and enjoying the benefit of resting stars in the closing weeks of the regular season. They haven't just been beating opponents in the playoffs — they have been destroying them. Boston represents BetMGM's biggest liability on the conference championship and Finals NBA betting markets. 

The books started to respect the Wolves (+300) by listing them +900 in early May, after they opened at +2000 at the start of the playoffs. Minnesota swept Kevin Durant and the super-Suns and has gotten off to a great start against the reigning-champion Nuggets. Chris Finch's squad spent most of the season tied at or close to first, they have the No. 1 defense in hoops, and Anthony Edwards is a bona fide superstar.

The Thunder (+700) have also leapfrogged Denver on the odds board. They been winning all season, ranking amongst the best in the league in offensive and defensive rating despite being the youngest squad in the NBA. Bettors took a while to catch on — OKC appeared on just under four percent of NBA Finals tickets at the start of the playoffs and comprised less than three percent of all money bet in the Finals futures market.

Jalen Brunson and the Knicks (+1200) went 20-3 with OG Anunoby active during the 2023-24 regular season, they're superb at home, and they have an advantage over the Pacers. We listed New York as an insanely-strong value play after Tom Thibodeau's squad somehow opened the playoffs at +4000 to win it all. The Knicks don't yield nearly as much value now at +950 — especially if OG is hurt (hamstring) and Brunson is banged up (foot) — but they still seem like a team nobody wants to face this postseason.

The Nuggets (+1600) have much more competition out West this year, and they have hit the skids a bit against the Timberwolves after completing a gentleman's sweep of the Lakers in the first round. The Nuggets rank as BetMGM's biggest Finals liability on the NBA betting market, appearing on 17.9 percent of championship tickets and generating 28.5 percent of the NBA Finals handle. 

Luka Doncic, Kyrie Irving, and the Mavericks (+1800) went on a late-season rampage up the standings and took care of business in the first round against the Clippers. When odds opened at the start of the postseason, BetMGM gave Dallas an implied probability of just under four percent to win the Finals. That's less Luka respect than we've seen out of Devin Booker! Still, it seems hard to fully trust the Mavs with Luka's knee clearly hampering him. 

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The Pacers (+8000) have gone from +10000 to +5000 and back to +8000 again. Rick Carlisle has done a tremendous job with this team in terms of offense and pace, and Indiana even plays defense now! Still, getting past the Knicks, the Celtics, and whoever represents the West will be a tall order.

Don't count out the Cavaliers (+20000), either. Cleveland has great defense, great shooters, clutch performers, and board-crashers, all things that come in handy in May and June. The Cavs have always played Boston tough, whether home or away, and they actually have a winning record against Joe Mazzulla's squad dating back to the beginning of the 2022-23 season. 

NBA Finals, championship odds: Best bets

It's hard to stay away from the Celtics (-120) as the best bet to win it all. They have been the most complete team from top to bottom on both ends of the floor, and they seem to be suffering from far fewer issues with late-game isolation attempts and poor execution. Kristaps Porzingis and Jrue Holiday have fit like gloves in Joe Mazzulla's system, and the Boston bench has been better than any the diehard Green-teamers expected. Bettors will need to monitor KP's health, as he has already missed some time due to a calf injury — but if he's around in June, the Celtics should be as well. 

The best bet to win either conference, however, looks like the Wolves (+300). Minnesota has been making the reigning-champion Nuggets look outmatched on both ends of the floor, and Anthony Edwards looks like the best player in the sport. This team is scary good and it's finally healthy at the right time. 

NBA Finals, championship odds: Top sleeper

Who knows how they can be considered sleepers at this point, but the Knicks (+1200) (only if OG Anunoby is healthy) should scare the living daylights out of the East. It's understandable if you don't want to pull the trigger with a big bet on New York to win it all, but +350 to win the Eastern Conference Finals seems too good to pass up. If Boston doesn't rep the East, it will more than likely be the Knicks.

NBA Playoffs updated bracket