Nuggets open as favorites to repeat as champs

Field Level Media

PublishedJune 13, 2023

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Jun 12, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) celebrates with the Bill Russell NBA Finals MVP Award as guard Jamal Murray (27) holds the Larry O'Brien Trophy after the Nuggets won the 2023 NBA Championship against the Miami Heat at Ball Arena.

Fresh off capturing the first NBA championship in franchise history on Monday, the Denver Nuggets were installed by sportsbooks as favorites or co-favorites to repeat as champions

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The Nuggets closed out the NBA Finals in Game 5, defeating the visiting Miami Heat 94-89 to end the best-of-seven series. Finals MVP Nikola Jokic amassed 28 points and 16 rebounds in the title-clinching win

DraftKings listed Denver as a +500 favorite to win the championship again in 2024. The nearest followers per DraftKings are the Boston Celtics (+550), the Milwaukee Bucks (+650) and the Phoenix Suns (+850).

FanDuel posted Denver and Milwaukee as co-favorites at +460. The Celtics (+500) and the Suns (+700) are the only other teams with odds better than +1200, which is the number listed for both the Golden State Warriors and the Philadelphia 76ers.

BetMGM has the Nuggets at +500, followed by the Celtics (+550), the Bucks (+600) and the Suns (+850)

Others among the favorites according to FanDuel are the Cleveland Cavaliers (+1900), the Los Angeles Lakers (+1900), the Los Angeles Clippers (+2100), the Heat (+2500), the Dallas Mavericks (+2700) and the Memphis Grizzlies (+3000).

Per DraftKings, the other favorites aside from the top four are the Lakers (+1200), the Warriors (+1200), the 76ers (+1300), the Mavericks (+1300), the Clippers (+1500), the Heat (+1800) and the Grizzlies (+1900).

BetMGM's other top contenders are Dallas, Golden State and the Lakers, all at +1200; the Clippers and Philadelphia, both at +1400; and Memphis and Miami, both at +2000.

The biggest longshots according to FanDuel are the Charlotte Hornets, Utah Jazz, Orlando Magic, Indiana Pacers, San Antonio Spurs, Houston Rockets and Detroit Pistons, all at +50000. DraftKings has the Hornets at +40000 and the Pistons alone at the bottom at +50000, while BetMGM has Charlotte and Detroit bringing up the rear at +50000.

Neither of this year's finalists were among the top five favorites in odds posted right after the Golden State Warriors won the 2022 NBA Finals.

--Field Level Media