2027 NBA Championship Odds: Oklahoma City, San Antonio Still Favored Following Draft

We saw a few surprising moves in the 2026 NBA Draft, but the top three went as expected, with AJ Dybantsa going to the Wizards, Utah taking Darryn Peterson, and Memphis selecting Cameron Boozer. With the conclusion of the draft, it’s a natural time to check in on the 2026-27 NBA Championship odds.

If you are expecting a team’s odds to be impacted by the draft, you will likely be disappointed. Not that they can’t or haven’t, but championship odds seldom (if ever) move based on how the draft plays out. But the trades that have gone down since the end of the season …

(Photo by Nathaniel S. Butler/NBAE via Getty Images)

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Let’s take a look at the latest odds to win the NBA Championship at BetMGM.

NBA Championship Odds: Post-Draft

Here are the odds for the top 15 teams at BetMGM as of the day after the conclusion of the 2026 NBA Draft (June 25):

• Oklahoma City Thunder +260 (+250)
• San Antonio Spurs +260 (+270)
• Boston Celtics +650 (+700)
• New York Knicks +750 (+700)
• Miami Heat +1800 (+3500)
• Minnesota Timberwolves +2200 (+2500)
• Detroit Pistons +2500 (+3300)
• Denver Nuggets +2500
• Los Angeles Lakers +2500
• Cleveland Cavaliers +4000 (+3300)
• Indiana Pacers +4000 (+3500)
• Philadelphia 76ers +6000
• Golden State Warriors +6000 (+6600)
• Houston Rockets +6000 (+6600)
• Orlando Magic +8000 (+5000)

If a team’s odds have changed, their opening odds are in parentheses. Small changes, like the Thunder moving from +250 to +260 or the Knicks going from +700 to +750, are likely due to the volume of bets (tickets and handle) sportsbooks have seen since odds were posted.

With a couple of massive trades already taking place, (and others potentially in the works) we have seen some significant movement. The biggest difference, of course, has been the odds for the Miami Heat. Prior to trading for Giannis Antetokounmpo, they had a 2.78% chance of winning the Finals next season (+3500). Post-trade, they have a 5.26% chance (+1800).

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As for the LaMelo Ball trade, the change in odds was more significant at DraftKings than at BetMGM. DraftKings had the T-wolves at +3000 (BetMGM had them at +2500), but both sportsbooks now have them at +2200. Now, Minnesota's chances of winning it all are still incredibly low at 4.35%. But with the sixth shortest odds, the Timberwolves are no longer on the fringe of title conversations but right in the middle of them.

Now, let's go over some betting options.

NBA Finals Winner 2026/27: My Picks

More trades involving superstars are expected in the days and weeks ahead. Each will likely impact the title odds of the team they go to (and leave, too). Depending on how some of those moves play out, I may rethink some of my picks here. But for now, here are my favorites, dark horse, and longshot picks to win the NBA Championship next season:

Favorite(s): Oklahoma City Thunder, San Antonio Spurs +260

The Thunder have some tough decisions ahead, with several players set to be paid. But they have already made one tough decision by trading Andrew Wiggins. But they added some solid young depth via the draft, taking Aday Mara (Michigan) at No. 12 and Bennett Stirtz (Iowa) with the No. 16 pick.

I was concerned about them heading into the offseason. It is unlikely they can keep the team together with so many players deserving a payday. But the draft additions were good. If it can keep from losing anyone significant, OKC will have a solid shot at getting back to the Finals and winning it.

As for the Spurs, by drafting Kentucky guard Jayden Quaintance and trading for UConn center Tarris Reed Jr., they added some size to their front court. So, they’ll be even better on defense. Are they what the Spurs need to take the next step? No, they need experience more than anything. But both guys will help them win games and in the quest to get back to the Finals.

Dark Horse(s): Minnesota Timberwolves +2200, Miami Heat +1800

I am not 100% convinced that Giannis Antetokounmpo can lead the Miami Heat to the Finals and win a championship next year. He’s a tremendous player, but the Heat gave up a lot to get him. So, there will be some growing pains next season in Miami. Now, I will not rule out the possibility, hence making them one of my dark horse picks.

Minnesota was one of my dark horse picks when odds opened up, and I like them even more after acquiring LaMelo Ball. Along with Anthony Edwards and Jaden McDaniels, Minnesota may have one of the best backcourts in the game.

Longshot: Dallas Mavericks +15000

I was already a fan of this roster with Cooper Flagg and Kyrie Irving leading the way, but I love it even more with the additions of Morez Johnson Jr. from Michigan and Sergio De Larrea from Spain in the draft. But the move that makes me think it could actually happen is hiring former Michigan head coach Dusty May. I wouldn’t be shocked if he turned this team around in one season.