NBA Championship Odds: Lakers Losing Their Grasp on Betting Market

The Lakers are no longer the favorite among bettors
Kyle Newman
Mon, May 3, 1:20 PM EDT

NBA Championship Odds: Lakers Losing Their Grasp on Betting Market

The Los Angeles Lakers were once the favorites to win the NBA Championship. Then they fell behind the Brooklyn Nets who built their own super team. Now their fall has continued. After LeBron James stated that he’ll never be the same after his latest injury, bettors haven’t hand the same confidence.

Over the last 24 hours, the Lakers and Nuggets both had about 22% of bets placed on them to win the NBA Championship. This is the first time this season that the Lakers haven’t been the sole bettors’ favorite from the West.

It's been a fall from grace in the NBA Championship odds market for the Lakers. Before LeBron James went down with an injury they sat in second place in the West as they awaited Anthony Davis' return. Now, they have the same record as the Trail Blazers, hold the sixth seed and are in danger of having to play in the play-in tournament , which features seed 7 through 10 in each conference.

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2021 NBA Championship Betting

Oddsmakers seem less concerned as the Lakers remain the second favorite at +460, or an implied 17.9% chance to win the Championship.

Injuries have really hurt the Lakers. Given how unpredictable a play-in tournament could be, it’s hard to say the Lakers would come out. Even if they did, they’d be slated to face either the Jazz or the Suns. The road to a repeat for the Lakers is hard. If LeBron isn’t himself then it’s downright impossible.

NBA Championship Odds

Team

Odds

Implied chance

Brooklyn Nets

+260

27.8%

Los Angeles Lakers

+460

17.9%

Los Angeles Clippers

+600

14.3%

Milwaukee Bucks

+900

10%

Philadelphia 76ers

+1200

7.7%

Phoenix Suns

+2700

3.6%

Denver Nuggets

+3600

2.7%

Miami Heat

+4200

2.3%

Dallas Mavericks

+5000

2%

Boston Celtics

+5500

1.8%

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