The NBA Playoffs have arrived and like everybody else, I’ve found myself diving through a pile of previews on first-round match-ups that are talking about which teams will advance and which ones are primed for the upset. These things are important now that title odds and series odds are already being offered by a lot of sports books.
The most popular bet at this point are the title odds for each team because locking on the favorites and the potential sleepers this early means that you’re getting better odds than what you’d get after the first round is finished. That’s what happens when half of the teams in the playoffs get bounced out, leaving only eight teams left standing. Less teams, lower odds. Pretty simple.
Looking at it from this perspective, the Cleveland Cavaliers and the Golden State Warriors each getting 11/5 odds as the two favorites means that if you’re confident about both team’s chances, this is the best price you’re going to get for either team. A little ways down the road from the Cavs and Warriors are the defending champions San Antonio Spurs at 7/2 odds.
Based on the pricing of most sportsbooks, oddsmakers are pretty confident that these three teams can be considered tri-favorites and everybody else is either a dark horse or a long shot at best. Normally, there’s going to be a team or two getting somewhere around 7/1 to 10/1 odds, but a quick glance at what’s being offered shows that the next two teams on the list – the Atlanta Hawks and the Chicago Bulls – are all the way down at 12/1 odds. It gets even muddier from here because the Houston Rockets and the Los Angeles Clippers aren’t too far behind from the Hawks and the Bulls at 14/1 and 18/1, respectively.