2024/25 NBA Championship Odds: Reigning champion Boston Celtics favored entering the season

Who lifts the Larry O'Brien Trophy at the end of the 2024/25 NBA season?

The Boston Celtics are the 2023/24 NBA champions after beating the Dallas Mavericks in five games.

Let's take a look at the latest NBA title odds.

2024/25 NBA Championship odds

BOS Celtics	+300
OKC Thunder	+700
NY Knicks	+750
PHI 76ers	+800
DAL Mavericks	+1000
DEN Nuggets	+1000
MIN Timberwolves	+1000
MIL Bucks	+1200
LA Lakers	+3000
PHX Suns	+3000
GS Warriors	+3500

The Boston Celtics are favored to repeat as NBA Champions with less than a week until the start of the 2024/25 NBA regular season.

Boston kept its entire rotation together this offseason, and the team signed Jayson Tatum, Derrick White and Sam Hauser to extensions while adding a potential contributor in Baylor Scheierman in the draft.

The OKC Thunder, who added a top-tier perimeter defender in Alex Caruso and one of the league's best offensive rebounders in Isaiah Hartenstein this offseason, are second in the odds.

Thunder point guard Shai Gilgeous-Alexander became a superstar last season, and young players such as Chet Holmgren, Luguentz Dort, Jalen Williams, Jaylin Williams, Aaron Wiggins and Isaiah Joe have another year of experience under their belts.

Third in the market are the New York Knicks, who shook up the league by acquiring Karl-Anthony Towns just before training camp. They had to give up Donte DiVincenzo to get him so we won't see the "Nova Knicks," but adding Towns next to Jalen Brunson, Mikal Bridges, OG Anunoby and Josh Hart makes for an interesting lineup.

The Philadelphia 76ers, who finally got a superstar wing in Paul George to complement Joel Embiid and Tyrese Maxey, are fourth in the outright odds. Philly also revamped its group of role players by adding Caleb Martin, Guerschon Yabusele, Andre Drummond, Reggie Jackson, Eric Gordon and rookie Jared McCain.

The reigning Western Conference champion Dallas Mavericks are tied for fifth in the outright market with the Denver Nuggets and Minnesota Timberwolves.

Dallas added Klay Thompson, who they will hope can get back to the levels he reached when he made five consecutive All-Star Game appearances before missing two straight seasons due to injuries. If he does, he could be the ideal complement to Luka Doncic's and Kyrie Irving's ball-dominant style.

Denver lost key role player Kentavious Caldwell-Pope in free agency and will rely on the development of younger players such as Christian Braun, Zeke Nnaji and Julian Strawther to replace his production. The partnership between Nikola Jokic and Jamal Murray will have this team in contention as long as the players stay healthy.

Minnesota saw major changes to its roster as a result of the Towns trade. DiVincenzo can help run the show off the bench when superstar guard Anthony Edwards sits, and forward Julius Randle is more versatile and a better passer than Towns. Plus, this team should continue defending at the elite level it did last season as Rudy Gobert won Defensive Player of the Year.

The Milwaukee Bucks narrowly trail the three teams tied for fifth in the odds. They seem to have flown under the radar given the big offseason moves of the consensus top three Eastern Conference teams, but they could be dangerous as Giannis Antetokounmpo and Damian Lillard will be more comfortable with each other.

Further back in the odds, between 30/1 and 50/1, are the Los Angeles Lakers, Phoenix Suns, Golden State Warriors, Cleveland Cavaliers, Memphis Grizzlies, Miami Heat, New Orleans Pelicans, Indiana Pacers and Orlando Magic.

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Odds displayed in this article were correct at the time of writing and are subject to change.