Latest NBA Finals Odds: Thunder Favored to Win in 2025-26

Q: Who won the NBA Finals 2025?

The Oklahoma City Thunder won the 2025 NBA Finals, securing the championship after a successful playoff run. The title represented a breakthrough moment for the franchise and highlighted the impact of their young core, which emerged as one of the league's top contenders.

Q: When is the NBA Finals in 2025-26?

The 2025-26 NBA Finals are expected to take place in June , following the conclusion of the NBA Playoffs. The exact start date depends on playoff scheduling, but the Finals traditionally run through mid to late June, culminating the NBA season.

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DraftKings Championship Odds

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Sportsbook

DraftKings

FanDuel

BetMGM

BetRivers

Caesars

ESPN Bet

Hard Rock

+120

1.2 to 1

Thunder

41.1% implied probability

+550

5.5 to 1

Nuggets

13.9% implied probability

+1200

12 to 1

Spurs

7.0% implied probability

+1700

17 to 1

Pistons

5.0% implied probability

+1700

17 to 1

Rockets

5.0% implied probability

+1700

17 to 1

Knicks

5.0% implied probability

+2000

20 to 1

Celtics

4.3% implied probability

+3000

30 to 1

Timberwolves

2.9% implied probability

+3000

30 to 1

Cavaliers

2.9% implied probability

+3000

30 to 1

Lakers

2.9% implied probability

+4500

45 to 1

76ers

2.0% implied probability

+5000

50 to 1

Magic

1.8% implied probability

+7500

75 to 1

Heat

1.2% implied probability

+8000

80 to 1

Clippers

1.1% implied probability

+12000

120 to 1

Hawks

0.7% implied probability

+12000

120 to 1

Warriors

0.7% implied probability

+15000

150 to 1

Bucks

0.6% implied probability

+15000

150 to 1

Raptors

0.6% implied probability

+20000

200 to 1

Suns

0.4% implied probability

+80000

800 to 1

Mavericks

0.1% implied probability

+100000

1000 to 1

Bulls

0.1% implied probability

+100000

1000 to 1

Trail Blazers

0.1% implied probability

+100000

1000 to 1

Hornets

0.1% implied probability

+200000

2000 to 1

Nets

0.0% implied probability

+200000

2000 to 1

Grizzlies

0.0% implied probability

+200000

2000 to 1

Pelicans

0.0% implied probability

+200000

2000 to 1

Pacers

0.0% implied probability

+200000

2000 to 1

Kings

0.0% implied probability

+200000

2000 to 1

Jazz

0.0% implied probability

+200000

2000 to 1

Wizards

0.0% implied probability

Opening NBA Championship Odds 2026

Below are the opening odds to win the NBA Championship in 2025. These odds were released before the start of the NBA regular season.

Team	Odds
Oklahoma City Thunder	+225
Houston Rockets	+700
Cleveland Cavaliers	+850
New York Knicks	+850
Denver Nuggets	+1100
Minnesota Timberwolves	+1300
Los Angeles Lakers	+1400
Orlando Magic	+1900
Los Angeles Clippers	+3000
Dallas Mavericks	+3000
Philadelphia 76ers	+3500
Golden State Warriors	+3500
Boston Celtics	+4000
Milwaukee Bucks	+4000
San Antonio Spurs	+5500
Atlanta Hawks	+5500
Detroit Pistons	+7500
Indiana Pacers	+11000
Memphis Grizzlies	+20000
Miami Heat	+25000
Toronto Raptors	+25000
New Orleans Pelicans	+25000
Sacramento Kings	+50000
Phoenix Suns	+60000
Brooklyn Nets	+80000
Portland Trail Blazers	+80000
Chicago Bulls	+80000
Charlotte Hornets	+100000
Utah Jazz	+100000
Washington Wizards	+100000

Recent NBA Finals History: Winner by Year

Below are the winners of the NBA Finals dating back to the 2013-14 NBA season.

Season	NBA Finals Winner	NBA Finals Losers
2024-25	Oklahoma City Thunder	Indiana Pacers
2023-24	Boston Celtics	Dallas Mavericks
2022-23	Denver Nuggets	Miami Heat
2021-22	Golden State Warriors	Boston Celtics
2020-21	Milwaukee Bucks	Phoenix Suns
2019-20	Los Angeles Lakers	Miami Heat
2018-19	Toronto Raptors	Golden State Warriors
2017-18	Golden State Warriors	Cleveland Cavaliers
2016-17	Golden State Warriors	Cleveland Cavaliers
2015-16	Cleveland Cavaliers	Golden State Warriors
2014-15	Golden State Warriors	Cleveland Cavaliers
2013-14	San Antonio Spurs	Miami Heat

Who Won the NBA Finals Last Year?

The Oklahoma City Thunder won the most recent NBA Finals, capturing the championship after a dominant postseason run. Their title marked a major milestone for the franchise and showcased the impact of a young, star-led roster built through smart drafting and development.

Which NBA Team Has the Most Finals Wins?

The Boston Celtics hold the record for the most NBA Finals championships. Their success spans multiple eras, cementing their status as one of the league's most historic and successful franchises.

Which NBA Team Has the Most Finals Appearances?

The Los Angeles Lakers have made the most NBA Finals appearances in league history. Their consistent presence on the league's biggest stage reflects decades of star power, championship contention, and sustained organizational success.

Who Has Won the Most NBA Finals?

Bill Russell won the most NBA Finals championships by a player, capturing 11 titles during his legendary career with the Boston Celtics. His dominance in the Finals era helped define winning at the highest level of professional basketball.

Most NBA Finals Appearances by Player

LeBron James holds the record for most Finals appearances in the modern era with 10 trips. Frequent Finals trips often reflect both individual greatness and long-term team success. Bill Russell holds the all-time record, with 12.

How To Bet On NBA Championship Odds 2026

When diving into NBA Finals odds betting, aim to back the team with the grit and depth to conquer the playoffs. Don't be swayed by midseason standings—look deeper into a team's potential. Assess each conference's strengths, acknowledging all of the rising elite teams across the league. Keep an eye on injury risks; a sidelined star can flip the odds. Scrutinize schedules and load management tactics; a tough early schedule might mask a team's true prowess, while strategic player rests can impact performance. Choose wisely for a winning bet.

Get ahead in NBA betting by monitoring opening odds in the offseason, then refining your picks as the season unfolds. Spot teams with potential despite slow starts. Track injuries, suspensions, and trades—they all influence Finals odds. With strategic analysis, you can confidently pick winners and maximize returns.

Where Can I Bet On 2026 NBA Championship Odds?

You can bet on 2025 NBA Championship odds on all legal online sportsbooks. The best part is that when you bet on NBA Finals with exclusive welcome offers, you can claim welcome offers and bonus bets.

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NBA Finals Odds FAQ

Who won the NBA Finals 2025?

The Oklahoma City Thunder won the 2025 NBA Finals, securing the championship after a successful playoff run. The title represented a breakthrough moment for the franchise and highlighted the impact of their young core, which emerged as one of the league's top contenders.

When is the NBA Finals in 2025-26?

The 2025-26 NBA Finals are expected to take place in June, following the conclusion of the NBA Playoffs. The exact start date depends on playoff scheduling, but the Finals traditionally run through mid to late June, culminating the NBA season.

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2025-26 NBA Finals Odds: Thunder Favored to Win Back-to-Back NBA Championships

Current 2025-26 NBA Finals Odds