- San Antonio at +265 and Oklahoma City at +260 are the closest top two on Bovada's championship board.
- Philadelphia is the third choice at +750 after signing LeBron James in July.
- The defending champion Knicks sit fourth at +950 despite beating the Spurs in five games for June's title.
SAN ANTONIO - The San Antonio Spurs are +265 to win the 2027 NBA championship and the Oklahoma City Thunder are +260, a five-cent gap that has turned the NBA title odds board into a two-team market with no other team priced shorter than +750.
Everyone Else Starts At +750
The top of the championship board at NBA online sportsbooks reads as a match race.
| Team | Odds | Implies |
|---|---|---|
| Oklahoma City Thunder | +260 | 27.8% |
| San Antonio Spurs | +265 | 27.4% |
| Philadelphia 76ers | +750 | 11.8% |
| New York Knicks | +950 | 9.5% |
| Boston Celtics | +1500 | 6.2% |
| Toronto Raptors | +2000 | 4.8% |
The five cents is the entire argument. San Antonio pays slightly more for what the book grades as a dead heat with Oklahoma City, and every other contender costs at least +750, a price that treats the race as already down to two before a single training camp has opened.
A Finals Loser And A Dethroned Champion On Top
San Antonio's price is built on May, not June. The Spurs ended Oklahoma City's title defense in the Western Conference finals, then dropped the Finals in five games to New York, with Jalen Brunson scoring 45 points in the 94-90 clincher.
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Oklahoma City's +260 says the book reads that conference-finals exit as a detour rather than a decline for the 2025 champion. The market is paying for the two teams it rates strongest in the West, not for who lifted the trophy, and those are the same two teams that spent last spring eliminating each other.
The Champion Is The Fourth Choice
New York's +950 pays more than three and a half times what either Western co-favorite does. The book grades June's champion a clear step behind the West's top two, including the Spurs team the Knicks beat in five games.
Philadelphia moved ahead of the champion after the 76ers signed LeBron James in July, and the +750 on James' new team is the shortest price on any Eastern club among the best online sportsbooks that accept USA players. Boston at +1500 and Toronto at +2000 are the only other teams on the board priced shorter than +2200.
