NBA Championship Odds, Predictions & Picks 2026: Thunder Favorites, Followed by Nuggets

The NBA Championship is the ultimate prize of the National Basketball Association, awarded annually to the winner of a best-of-seven series known as the NBA Finals.

To win the title, a team must first qualify for the playoffs - either by finishing in the top six of their conference or advancing through the Play-In Tournament - and then successfully navigate three rounds of intra-conference series (First Round, Semifinals, and Conference Finals). The journey requires a total of 16 postseason victories to claim the Larry O’Brien Championship Trophy, a 24-karat gold-over-sterling-silver icon designed by Tiffany & Co. to depict a basketball over a hoop.

The Oklahoma City Thunder are the current defending champions, having defeated the Indiana Pacers in a dramatic seven-game series in June 2025 to secure the first title in their city's history.

Let's check the fresh odds below.

2026 NBA Championship Odds

Find the latest odds in the table below, courtesy of FanDuel. Place your bets at FanDuel and claim your bonus: Bet $5, Get $200 in Bonus Bets if Your Bet Wins. For more info, read our expert FanDuel Sportsbook review.

Rest of the teams listed at +3500 odds or higher.

NBA Championship Winner - My Pick

Oklahoma City Thunder (+100) at FanDuel

The Oklahoma City Thunder are the premier betting favorites for the 2026 NBA Championship, largely due to their status as the reigning 2025 champions and their league-best 37-8 record this season. Led by MVP frontrunner Shai Gilgeous-Alexander, who is averaging a staggering 32.8 points on elite efficiency, the team boasts the NBA's best point differential and a top-ranked defense.

With core stars Chet Holmgren and Jalen Williams entering their primes and a massive stockpile of future draft assets for potential trades, OKC possesses the perfect combination of continuity, elite talent, and executive flexibility to secure a historic back-to-back title.

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How to Bet on the NBA Championship

While there are tons of ways to bet on the NBA with game lines, player props, and other markets, NBA Championship bets deal strictly with predictions on the NBA Finals.

This bet classifies as a “Futures” bet, which is simply an event that will be settled at a future date. NBA champion odds will be found either in their own subheading or the futures section of a sportsbook’s NBA tab.

Online sportsbooks will differ in their assessment of contending teams and provide different odds, so NBA bettors are encouraged to consult multiple sportsbooks before placing their bet.

How to Read NBA Championship Odds

Reading NBA championship odds are no different than reading traditional odds. All odds preceded by a + sign mean that a $100 bet will win the listed amount, and all odds preceded by a - sign will take the listed amount to win $100.

For example, a +550 team will pay $550 for a $100 wager if they win the NBA championship. A -165 favorite will pay $100 on a $165 wager.

The only key difference between futures odds and game lines is that usually, all or nearly all of the options will have positive odds. As the season and playoffs progress and teams are eliminated, the odds for all available candidates will shorten.

Where to Bet on the NBA Championship Winner

Every NBA betting site should come with NBA championship odds. However, as mentioned above, the odds and general experience will vary depending on the sportsbook.

FanDuel is the American leader in sports betting and has tons of NBA betting markets, including futures odds. New users of FanDuel can claim the welcome offer: Bet $5, Get $200 in Bonus Bets if Your Bet Wins.

bet365 typically has great odds and offers two welcome bonuses for new users: First Bet Safety Net worth up to $1,000 in bonus bets OR WSN365. Use our promo code WSN365 during the sign-up process to be eligible for a bonus of your choice.

Another great option is BetMGM, leading the way in the ease of navigation and user experience. If you are new to BetMGM, use our promo code WSNSPORTS when signing up for an account and claim the following offer: Get Up to $1,500 in Bonus Bets*.

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NBA Championship Winner History (to 2000)

The Oklahoma City Thunder won the 2025 NBA Finals, meaning that for the first time in league history, seven different teams won seven straight Finals. The last repeat champion was the 2017-18 Golden State Warriors, which is a sharp change from the dynasties that ran the league.

Here’s a look at all of the NBA champions since 2000.