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Heat Odds to Win 2027 NBA Finals Shift Following Trade for Giannis Antetokounmpo

Publish Date: Jun 23, 2026
Fact checked by: Matt Moreno
Key Points
  • Pre-draft deal that sends Giannis Antetokounmpo from Milwaukee to Miami involves six players and six draft picks.
  • According to Bet365, odds for the Miami Heat to win the NBA Finals in 2027 went from +3850 to +1800 following acquisition of Giannis Antetokounmpo.
  • Both FanDuel and DraftKings adjusted odds for Heat after team acquires two-time NBA Most Valuable Player Giannis Antetokounmpo.

The Miami Heat acquired former NBA Most Valuable Player Giannis Antetokounmpo late Monday, shaking up the league only hours before the NBA Draft. It's also changed the odds for the Heat to win the NBA Finals in 2027.

According to bet365 Sportsbook, Miami is now at +1800 to win the next NBA Finals. On Monday, that betting app had the Heat listed at +3850. Similarly, DraftKings and FanDuel have lowered odds on Miami, from +4000 (FanDuel) to +2000.

Giannis Antetokounmpo #34 of the Milwaukee Bucks looks on against the Denver Nuggets during the third quarter at Fiserv Forum on January 23, 2026 in Milwaukee, Wisconsin.

(Photo by Patrick McDermott/Getty Images)

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Which means bettors who got their wagers in before the trade have a chance to win twice as much if the Heat win the NBA Finals.

Milwaukee sent Antetokounmpo and Bobby Portis to Miami, and in return received Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, and three first-round picks. That includes Miami's No. 13 pick in the draft that will take place on Tuesday. Milwaukee also gets two other picks in future years: a pick swap in 2030, and Miami's second-round pick in 2033.

NBA Finals Odds after Giannis Trade

TEAMODDS (BET365)
San Antonio Spurs+250
Oklahoma City Thunder+260
Boston Celtics+625
New York Knicks+700
Miami Heat+1800
Denver Nuggets+2500
Detroit Pistons+2500
Los Angeles Lakers+3000
Minnesota Timberwolves+3300
Indiana Pacers+3500
Milwaukee Bucks+30000

Latest Odds to win Eastern Conference: Boston Celtics, New York Knicks, Miami Heat among favorites

With Antetokounmpo on the Heat roster, oddsmakers now place only the Boston Celtics and New York Knicks ahead of Miami for NBA Finals odds among Eastern Conference teams.

Odds to Win Eastern Conference

TEAMODDS (BET365)
Boston Celtics+220
New York Knicks+280
Miami Heat+600
Detroit Pistons+900
Indiana Pacers+1200
Cleveland Cavaliers+1400
Philadelphia 76ers+2000
Atlanta Hawks+2000
Orlando Magic+2000
Charlotte Hornets+2200
Milwaukee Bucks+10000

The addition of Antetokounmpo is not a guarantee that Miami will vault to the NBA Finals. The man they call "The Greek Freak" will turn 32 in December. He played a career-low 36 games last season due to multiple injuries suffered to his leg and knee. Once considered an elite defender, Antetokounmpo will be challenged to prove that he can still be a mobile in a league where big men are asked to play out to the 3-point line.

Antetokounmpo spent 13 seasons with the Milwaukee Bucks, leading that team to the NBA title in 2021. He was the NBA MVP in 2019 and 2020, and he was also named the league's Defensive Player of the Year in 2020. He has a career average of 24.1 points per game, 9.9 rebounds, and 5 assists.

The Bucks now have the fifth-worst odds to win the 2027 NBA title according to bet365. Milwaukee now checks in with +30000 alongside the Brooklyn Nets following the trade of Antetokounmpo. Its odds to win the Eastern Conference sit at +10000 today.

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