The NBA is nearing the halfway point of the 2024-25 regular season, and the true contenders this season are starting to take shape in each conference.

The defending champion Boston Celtics remains the favorite to win the title, but the Oklahoma City Thunder are right behind them. 

OKC has a 6.5-game lead in the Western Conference and has the No. 1 defensive rating in the NBA by a wide margin at this point in the season.

Behind the C’s and Thunder, the New York Knicks, Cleveland Cavaliers, Denver Nuggets, and Dallas Mavericks are priced as true contenders in the latest odds. 

Dallas is in a precarious position in January, as both Luka Doncic and Kyrie Irving are out of the lineup with injuries.

Meanwhile, Cleveland is off to a 33-5 start, putting it on pace to flirt with the Golden State Warriors all-time record of 73-9 in the regular season. 

The Western Conference is once again a tight race from No. 2 through No. 12, with Victor Wembanyama and the San Antonio Spurs sitting as the team with the longest odds in the West that still has realistic playoff expectations.

Meanwhile, the East has a serious gap after the top three teams (Cleveland, Boston, and New York) in the standings — and the latest odds.

If you’re looking to bet on the NBA Finals, OKC may be the safest bet given how well it has played without star big man Chet Holmgren (hip fracture) for most of the season.

Here’s a full breakdown of the odds for every team to win the title in the 2024-25 season as of Jan. 13:

NBA Championship Odds for Every Team Boston Celtics: +250Oklahoma City Thunder: +265New York Knicks: +900 Cleveland Cavaliers: +1100Denver Nuggets: +1300Dallas Mavericks: +1400Milwaukee Bucks: +2500Memphis Grizzlies: +2800Golden State Warriors: +3000Minnesota Timberwolves: +3500Los Angeles Lakers: +4000Phoenix Suns: +4500Los Angeles Clippers: +4500Philadelphia 76ers: +5000Houston Rockets: +5500Orlando Magic: +6000Miami Heat: +8000Sacramento Kings: +9000Indiana Pacers: +10000Atlanta Hawks: +50000San Antonio Spurs: +60000New Orleans Pelicans: +100000Washington Wizards: +100000Toronto Raptors: +100000Utah Jazz: +100000Portland Trail Blazers: +100000Chicago Bulls: +100000Detroit Pistons: +100000Charlotte Hornets: +100000Brooklyn Nets: +100000