Tag: NBA Odds

Dallas Mavericks v Miami Heat - Game Two

Vegas likes the Miami Heat to be your NBA champions


We in no way want to encourage you to gamble while in Las Vegas. There are so many fantastic restaurants — PBT personally recommends RM Seafood and B & B Ristorante — where you know you will get a certain return on your investment in the form of a great meal and atmosphere.

But if you still want to put your money down on the NBA….

Turns out Las Vegas likes the Miami Heat to walk away with the title, followed by the usual cast of characters, reports the Los Angeles Times.

MGM Mirage’s race and sports director Jay Rood considers Miami a 2-to-1 favorite to win the title, followed by the Lakers (9-to-2) and the Chicago Bulls and Oklahoma City Thunder (5-to-1). Meanwhile, Jay Kornegay, director of the Las Vegas Hilton Race and Sports Book, has tabbed the Heat as 2-to-1 favorites, unless the Chicago Bulls (6-to-1) get past them. That puts the Lakers (7-to-1) in a third-place tie with the Dallas Mavericks and Oklahoma City Thunder.

We want to note two things. First, Vegas tends to put the Lakers’ odds lower than they think they actually are because so many Lakers fans come to Vegas (due to proximity to L.A.) and there is a lot of money on them. Vegas hedges potential losses by keeping the odds tight.

Second, the goal of odds is not to predict the winners but to estimate the public’s perception and give them numbers that will encourage them to bet.

That said, I kind of like the Thunder at 5-1. Good team on the rise, young legs to combat the condensed schedule, some guy named Kevin Durant. Just sayin’.

Bookmakers make Heat title favorites. Magic are best odds on the board.

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The Miami Heat are the favorites to with the NBA crown this season.

Not according to most pundits, they have them close but not quite (although some have picked them). But yes according to the bookmakers at Bodog.com. Here are their odds to win the NBA title:

Miami Heat                       17/10
Los Angeles Lakers            5/2
Boston Celtics                    17/2
Orlando Magic                   13/1
Oklahoma City Thunder   14/1
Chicago Bulls                     18/1
Dallas Mavericks                20/1
San Antonio Spurs             28/1
Denver Nuggets                  30/1
Portland Trailblazers         30/1

Last at 200-1? The Cleveland Cavaliers, Toronto Raptors and Minnesota Timberwolves. Way to go Minnesota, getting those kind of odds without having a superstar leave you cold.

Best odds on the board? Orlando. That is a team that can win a title. A team that went to the finals two seasons ago, is coming in healthy and more focused this season, and is right there on the elite contender level. At 13-1 that’s a pretty good bet.

Already I can hear the Lakers fans complaining — why aren’t the Lakers the favorites? Why is there no respect for the Lakers?

Blame yourselves. You know why the bookmakers set those odds? To make money for themselves. The team with the lowest odds has that because that’s where the fans are putting their money. Right now that’s the Heat. Bookmakers are not making predictions, they are making odds to protect their money against your bets. It’s a business. And you are all betting on the Heat.