The Los Angeles Lakers entered the season at +425 to win the 2022 NBA Finals, giving them the second-shortest odds in the market.
They have plummeted to anywhere from 40/1 to 66/1 to win the title in the latest futures odds. Las Vegas-based sportsbook Circa Sports has Los Angeles at 40/1 with a takeback price of -7200 on no championship.
The Lakers have lost 10 of their last 13 games, including a 109-104 setback against Dallas on Tuesday. They are only two games away from falling out of the play-in tournament altogether.
LeBron James has missed 17 games this season due to various injuries, sitting out five games at the end of January and beginning of February with swelling in his left knee. Anthony Davis is going to be out until at least the middle of March due to an ankle sprain, not giving the Lakers many options right now.
“We still have games to play,” James said. “Until you stomp me out, cut my head off, bury me 12 feet under, then I got a chance. So that’s my confidence.”
Offshore sportsbook Bovada, which is the book that has the Lakers at 66/1 to win the title, also has them priced at 28/1 to win the Western Conference. They are currently the No. 9 seed, sitting two games ahead of No. 10 New Orleans and No. 11 Portland. DraftKings has the Lakers at -330 to go ‘under’ 10.5 as far as seeding is concerned.
Los Angeles was priced at 10/1 to win the NBA Finals in December and were 20/1 at the end of January. One BetMGM customer is hoping the free-fall continues, as he or she wagered $10,000 on the Lakers to miss the playoffs at 16/1 odds last September.
Phoenix, which has the best record in the NBA, is the +425 ‘chalk’ to win the title at BetOnline. The Suns are a virtual lock (-2000) to win the Pacific Division, as they are 6.5 games ahead of Golden State (+900). They are going to be tested over the next six weeks, as veteran point guard Chris Paul is sidelined with a broken thumb.
Golden State has the second-shortest NBA Championship odds, priced at +450. The Warriors can win three out of the four regular-season meetings with Phoenix if they pick up a win at home on March 30.
Meanwhile, the Eastern Conference has multiple teams battling for the top spot. Brooklyn and Milwaukee are +325 co-favorites, while Philadelphia is +350 following the addition of James Harden.
Then there are the two teams at the top of the standings, as Miami (+450) and Chicago (+1200) have the two best records in the Eastern Conference. Boston (+450) is also going to be a threat with Jayson Tatum and Jaylen Brown.
BetOnline is offering a prop for which conference wins the 2022 NBA Finals—the Western Conference is a -145 favorite, while the Eastern Conference is +115.