NBA Championship 2022 Odds & Favorites: 2021 Rematch Likely?

By | April 19, 2022

Last season, Giannis Antetokounmpo and the Milwaukee Bucks rallied from a 2-0 series deficit to win the franchise’s first NBA title in 50 years.

Will a repeat happen in Milwaukee this year? With the NBA playoffs now underway, the Bucks are one of the top 2022 NBA championship contenders.

But the champs will have to fight off a host of contenders to join the Los Angeles Lakers (2001 & 2002, 2009 & 2010), Miami Heat (2012 & 2013), and Golden State Warriors (2016-18) as teams to repeat in this century.

The latest NBA championship odds are pretty reflective of the NBA standings, playoff seedings, and expectations relative to talent and pedigree.

If you have been betting on and/or following the NBA throughout the 2021-22 season, you will have a pretty good idea who the title favorites are at this point. And though it is still early in every playoff series, it looks like the top group of favorites are equipped to back up their lofty credentials and expectations.

Let’s take a look at the current 2022 NBA championship odds from BetRivers, Caesars Sportsbook, and FanDuel Sportsbook, who are three of our trusted sportsbook partners.

If you live in a state with legal online sports betting and are interested in NBA betting or betting on any sport, you can’t go wrong with any of those books when it comes to reliability and variety.

Odds to Win the 2022 NBA Finals (as of April 19, 2022)

Caesars Sportsbook

  • Phoenix Suns +200
  • Milwaukee Bucks +475
  • Golden State Warriors +575
  • Boston Celtics +750
  • Miami Heat +900
  • Brooklyn Nets +1200
  • Philadelphia 76ers +1400
  • Memphis Grizzlies +2000
  • Utah Jazz +3500
  • Dallas Mavericks +4000
  • Minnesota Timberwolves +8000
  • Denver Nuggets +12500
  • Toronto Raptors +20000
  • Chicago Bulls +25000
  • Atlanta Hawks +25000
  • New Orleans Pelicans +50000

FanDuel Sportsbook

  • Phoenix Suns +200
  • Milwaukee Bucks +470
  • Golden State Warriors +500
  • Miami Heat +750
  • Boston Celtics +800
  • Brooklyn Nets +1400
  • Philadelphia 76ers +1500
  • Memphis Grizzlies +2000
  • Utah Jazz +3200
  • Dallas Mavericks +6000
  • Minnesota Timberwolves +8000
  • Denver Nuggets +12000
  • Toronto Raptors +13000
  • Atlanta Hawks +24000
  • Chicago Bulls +24000
  • New Orleans Pelicans +37000


  • Phoenix Suns +200
  • Milwaukee Bucks +450
  • Golden State Warriors +500
  • Miami Heat +700
  • Boston Celtics +700
  • Brooklyn Nets +1400
  • Philadelphia 76ers +1400
  • Memphis Grizzlies +2000
  • Utah Jazz +3500
  • Dallas Mavericks +5000
  • Minnesota Timberwolves +8000
  • Toronto Raptors +15000
  • Denver Nuggets +15000
  • Chicago Bulls +25000
  • Atlanta Hawks +25000
  • New Orleans Pelicans +50000
Brooklyn Nets Milwaukee Bucks Kyrie Irving Giannis Antetokounmpo NBA

Who Are the Favorites to Win the NBA Title in 2022?

Phoenix Suns (Best Value 2022 NBA Title Odds: +200)

After being unable to close out the Bucks in the NBA Finals last season, the Suns look like a good bet to take that next step and finally win the franchise’s first NBA championship.

This season, Phoenix has had win streaks of 18, five, 11, eight, and nine games. With a 64-18 record in the regular season, they were the only team in the league to win 60+ games, which means that they will have home court advantage throughout the NBA playoffs.

They didn’t make the most of that advantage when it counted last season, crucially losing Game 5 of the NBA Finals at home to give the Bucks the opportunity to clinch in Milwaukee.

Will this season be a different story? They have been the best team in the NBA this season, but that will count for nothing if they fall short in the playoffs again.

Milwaukee Bucks (Best Value 2022 NBA Title Odds: +475 at Caesars Sportsbook)

Could we see a Suns vs. Bucks rematch in this year’s NBA Finals? Last season, the Bucks saved their best for the playoffs, and it paid off in a long-awaited championship. Will they follow that approach again this season?

The East has certainly eaten itself this season, as all of the top ten teams could finish at or above .500. But the Bucks have also learned their lesson after regular season greatness wasn’t followed by playoff success in Giannis’s two NBA MVP seasons.

Another MVP-caliber season for Giannis–who was named a finalist for this season’s award along with reigning MVP and favorite Nikola Jokic and scoring champion Joel Embiid–carried the Bucks to a 51-win season.

But the Bucks opted to pass on trying to lock up the #2 seed in the Eastern Conference in order to rest Giannis and their other key players on the final day of the regular season. As a result, the Celtics claimed the #2 seed and would have the home court advantage if the two teams meet in the second round.

Given that the Bucks knew this when deciding to mail it in for their finale at Cleveland, it is clear that the players and coaches remain just as confident as they were last season that they can and will win when it matters, regardless of where, regardless of the circumstances.

It will certainly be interesting to see how their run at a repeat plays out, but they clearly are not going to be scared of anyone, may it be the Celtics, Heat, Nets, Sixers, Warriors, or Suns.

Brooklyn Nets (Best Value 2022 NBA Title Odds: +700 at BetMGM)

The Nets’ NBA title chances got a significant boost recently with New York’s vaccine mandate being lifted, which means that Kyrie Irving is no longer a part-time player.

Ben Simmons still has yet to make his Nets debut, and it is anyone’s guess as to whether or not he will be available if the Nets advance in the playoffs. According to reports, he is set to try to play later in the Nets’ first round series against the Celtics.

But seeing is believing at this point, and even if he does return, how much of an impact will he have on a new team in the midst of a tense playoff series after not playing all season? And that is not even taking into consideration how things went for him in last season’s playoffs, in what proved to be his final games with the Sixers.

But Kyrie has been going off, and Kevin Durant, who has missed over 25 games this season, is in good health at the business end of the season.

How far can those two take the Nets? They went down to a last-second bucket by Jayson Tatum in Game 1 of their series against Boston, but it looks like that series could easily go the distance.

Golden State Warriors (Best Value 2022 NBA Title Odds: +1000 at BetMGM)

At the NBA All-Star break, the Warriors and Suns were championship co-favorites. But the Suns galloped out of sight in the West, while the Warriors needed a late flourish to hold on to a top-three seed.

After sitting at 41-13 at one point, the Dubs lost 16 of their next 23 games. But without an injured Steph Curry, they won their final five game to end the regular season to edge the Dallas Mavericks for the #3 seed in the West.

With Steph back in action and Jordan Poole’s emergence going to another level–30 points in Game 1 and 29 in Game 2–the Warriors are halfway to sending Jokic and the Nuggets packing in the first round and look every bit like a championship contender.

The Suns are a formidable opponent, and the Grizzlies are young and hungry. But with a healthy Klay Thompson, good scoring support from Poole and Andrew Wiggins, and Steph in tow, the Warriors will fancy their chances of emerging from the West.

Betting on the 2022 NBA Finals

Would you like to learn more about betting on the NBA Finals this year? Check out our handy NBA Finals betting guide.

Also, be on the lookout in the coming weeks for plenty of content related to NBA playoffs betting and NBA Finals betting, as we prepare for what will be a busy and exciting NBA postseason.

The post NBA Championship 2022 Odds & Favorites: 2021 Rematch Likely? appeared first on Betting News.

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