NBA Championship Odds: Lakers Overwhelming Faves With 3-1 Lead

The momentum in the NBA Finals has swung back in favor of the Los Angeles Lakers after they squeaked out a Game 4 victory over the Miami Heat, and they have returned to being overwhelming odds-on favorites to win the 2020 NBA championship.

The best basketball sites have moved the Lakers’ odds back up to -15000 after dropping them to as low as -1100 following their Game 3 loss. The Heat, who are trailing a playoff series for the first time in the postseason, come back at +1800 after being as low as +650 after the Game 3 win.

Game 5 is set for Friday, October 9, with the Lakers sitting as 7.5-point favorites as of Wednesday morning to win their 17th championship in franchise history.

If you’re new to betting and want to know how to bet on basketball, what NBA futures are, or even how betting works without fans in attendance, click on any of these links to get you up to speed.

For now, here are the 2019-20 NBA championship odds for the two teams battling for the Larry O’Brien Trophy:

Who Is Favored To Win The NBA Championship?

2019-20 NBA Championship Odds
Team Odds
Los Angeles Lakers -15000
Miami Heat +1800

Odds as of October 7 at Bovada

Lakers Are One Win Away From Title

After the Heat’s victory in Game 3, some bettors may have been doubting the chances for their Lakers futures tickets, but they immediately felt reassured watching Game 4.

The Lakers defense was in attack mode to limit the Heat’s three-point shooting (34.2 percent in Game 4) while Anthony Davis was a monster in the paint. The Brow had four blocks and was disrupting nearly every shot at the rim, making the Heat constantly have to kick out on drives to the hoop.

AD’s matchup with Jimmy Butler for most of the game clearly had an impact on the Heat’s offensive capabilities but the likely NBA Finals MVP, LeBron James, stole the show again with another near triple-double with 28 points, 12 rebounds and eight assists. LeBron and AD combined for 50 points in Game 4 while shooting 50 percent from the floor.

For what it’s worth, if you’re thinking about betting the Heat to make the comeback: this is the 24th time that a James-led team opened a series with a 2-0 lead. His squads in Cleveland, Miami and L.A. are 23-0 in those previous instances. The last time the Lakers franchise blew a 2-0 lead was in the 1969 finals against the Boston Celtics.

NBA Finals

Odds Shark has all the betting angles covered for the NBA Finals. If you’re looking for picks, predictions, odds and analysis on the showdown between the Los Angeles Lakers and Miami Heat, then you’ve come to the right place. Follow the NBA Finals action and place your bets today!

Bet On The NBA Finals Now


How to Read NBA Finals Odds

At the sportsbook – a fancy way to say NBA betting site – you’ll notice that the odds are listed like this:

  • LA Lakers -350
  • Miami Heat +275

Let’s pretend you believe that the Heat are the team to beat based on the odds listed above. If you were to lay down $100, you’d see a payout of $375 – you get your $100 back, plus your earnings of $275. Or maybe you’re set on the Los Angeles Lakers. In order to make $100 in profit, you’d need to bet $350 with the Lakers being such a big favorite.

Check out our Odds Calculator to see how much you’d win based on the odds and amount wagered.

What are NBA Futures?

Futures bets made on events that have yet to take place. You make a bet like this far off in advance of the event, in this case the team to win the championship. To make a bet like this, you would first use the info contained in this article to handicap your wager. Once you’ve made your decision on which team you think has the chops to win the NBA Finals, you’re ready to go.

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