NBA Championship Odds: Lakers Still Huge Faves Despite Game 3 Loss

The momentum in the NBA Finals may have swung in the favor of the Miami Heat after a convincing, albeit shocking, victory in Game 3 vs the Los Angeles Lakers, but the Heat still face huge odds to win the 2020 NBA championship.

The best basketball sites have moved the Lakers’ odds back down to -1500 after having them as high as -20000 when they led the series two games to none in their quest to win the 17th championship in franchise history. The Heat, who are trailing a playoff series for the first time in the postseason, come back at +775 after skyrocketing to +1800 following the Game 2 loss.

Game 4 is set for Tuesday, October 6, with the Lakers sitting as 7.5-point favorites to win the contest as of Monday morning.

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 -1500
Miami Heat +775

Odds as of October 5 at Bovada

Heat Show Spark, Take Game 3

After watching the first two games of the NBA Finals, if you came to the conclusion the Los Angeles Lakers were dominating the Miami Heat, you have proven your vision is working and you can cancel your optometrist appointment. Jokes aside, that’s why it was such a shock for the Heat to win Game 3 because without Bam Adebayo and Goran Dragic, Miami looked like it had no chance. Enter Jimmy Butler.

The all-star was sensational in Game 3 with a LeBron-esque stat line of 40 points, 10 rebounds and 13 assists and the Heat won every quarter of the game. What might be most impressive about that performance isn’t that he did it without Adebayo and Dragic, it’s that he scored 40 points without taking a three-point attempt.

The Lakers, on the other hand, looked like they were sleepwalking in Game 3 and Anthony Davis got into early foul trouble to only manage 15 points, his second-lowest output in the playoffs. That may cost the Lakers going forward as the Heat’s injuries mend and defensive schemes adjust deeper into the series.

For what it’s worth, 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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