NBA 2023/24 Betting Guide: Tips, Odds & Favorites!

After the Denver Nuggets claimed victory in the NBA Finals, competition is fierce, igniting a rush of excitement in the NBA betting scene for the 2023/24 season. If you’re a passionate sports bettor, or just someone intrigued by the game’s odds, this guide will delve into the favourites, the underdogs, and everything in between.

Who’s Leading the NBA 2024 Betting Odds?

This year’s NBA landscape is riddled with unpredictability. Oddsmakers haven’t settled on a single favourite. Instead, the spotlight is on four top teams:

  • Milwaukee Bucks & Boston Celtics: Neck-to-neck in odds, a face-off in the Eastern Conference playoffs between these two giants would be an early treat.
  • Denver Nuggets: The defending champions, Nuggets are keen to replicate Golden State Warriors’ double triumph from 2018.
  • Phoenix Suns: A title still eludes this Arizona franchise despite reaching the finals thrice, the last being in 2021.

Not far behind, LA’s twin stars – Lakers and Clippers – are also seen as potential 2024 NBA champions.

However, don’t count out the Dallas Mavericks, Miami Heat, or Golden State Warriors (who clinched four championships in the past decade).

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Predicting the NBA Champions:

While most focus on the adrenaline-pumping playoffs, the lengthy regular season is also critical. It’s essential to remember that individual player performances, like Giannis Antetokounmpo for the Bucks or LeBron James for the Lakers, heavily influence the NBA betting odds. For these stalwarts to shine in the playoffs, they must maintain their peak forms.

Although the Milwaukee Bucks emerge as an initial favorite with a deep roster, and their recent 2021 title, never underestimate the playoff prowess of ‘King James’. And, while Boston Celtics came close in 2022, they’d be itching to grab their first title since 2008.

Dive into NBA Betting Varieties for 2024:

For those newer to the NBA betting world, here’s a quick rundown of the primary betting types:

  • Money Line (Two-way bet): The most basic basketball bet, akin to football’s 1-X-2 bet. Bet on a game’s winner. Since NBA games can’t end in a draw, this bet only has two options, making it a popular choice among bettors.
  • NBA Handicap Bet (Spread Bet): Predict whether a team, with a hypothetical advantage or disadvantage, can win or defend their lead. Oddsmakers usually offer multiple spread values.
  • Over/Under Bets: Predict if the combined scores of both teams will exceed or remain under a predetermined value.

Additionally, bets can be placed on individual player performances, the exact margin of victory, and more. For those looking beyond single games, there’s a variety of season-long bets, like division winners, conference champions, and MVP awards.

Conference Winners Odds:

  • Eastern Conference:
    • Milwaukee Bucks: 2.70
    • Boston Celtics: 2.75
    • Philadelphia 76ers: 11.0
    • Miami Heat: 12.0
    • Cleveland Cavaliers: 12.0

Watch Out for the Play-in-Tournament!

Adding another layer of thrill, the play-in tournament lets teams from 7th to 10th place in each conference duke it out for the last two playoff spots. Thus, even a team finishing 10th in the regular season can dream of NBA glory.


The upcoming 2023/24 NBA season promises to be a roller coaster of emotions, especially for those betting on it. With a plethora of teams vying for the championship and many betting options available, NBA enthusiasts are in for a treat. As always, remember to gamble responsibly and may the odds be in your favor!