The defending NBA champions’ odds to repeat have improved, but they are no longer the favorites to bring home the Larry O’Brien trophy.
Nikola Jokic and the Denver Nuggets have +475 odds — meaning a $100 bet would win $475 — to win the title next season, according to both BetMGM and DraftKings Sportsbook, as of Monday afternoon, an improvement from their +500 odds following the end of last season. But with the news of Portland trading star guard Damian Lillard to Milwaukee, the Bucks are now the favorites at +400 and +390, respectively.
Denver also improved on Caesars Sportsbook, moving from +475 to +425, while Milwaukee improved to +375.
On Fanduel Sportsbook, however, Denver fell from +460 to +500, while both Bucks (+375) and Celtics (+425) moved past them.
The Miami Heat, last season’s runner-up, have fallen off and range from +2,200 to +3,000.
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