Golden State is the clear favorites to beat the Cavaliers and repeat as NBA Champions.
But for gamblers, there’s not much money to be made in taking the safe route, where you have to risk a lot to win a little. The money is on the underdog.
Which is why the early cash has gone to Cleveland, something reported by online gambling site Bovada.lv. Here are their current odds to win the series:
Cleveland Cavaliers +175 (7/4)
Golden State Warriors -210 (10/21)
(That means for every $100 bet on Cleveland the gambler would get $175 if they win; where with Golden State it would take a $210 bet to win $100.)
“We opened the NBA Finals at Cleveland +200 (2/1) and Golden State -240 (5/12) and the public pounced on Cleveland, forcing the adjustment of the lines to +175 and -210,” said Kevin Bradley, Bovada.lv Sportsbook Manager. “While the wagering has evened out a bit more on each side, 60% of the public is currently on the Cavaliers.”
This just makes sense as a gambler — why would I risk so much to win with Golden State? I get the much better payoff with a smaller amount bet with Cleveland, even if the outcome is less likely to go my way.
Remember, for a book the goal is often even betting on both sides, so that they rake in their percentage and win regardless of the outcome. That said, the books may be Warriors fans for the next couple of weeks.