NBA Finals Odds

The NBA Finals will begin on June 2, 2022.  The Milwaukee Bucks are the reigning NBA champions. The Bucks defeated the Phoenix Suns in the NBA Finals earlier this year in a six-game series.

After Milwaukee dropped the first two games of the series to Phoenix, the Bucks were a +350 underdog to win the NBA championship. They stormed back to win three straight games, so FanDuel changed the odds and posted them as -390 favorites to capture the title. Led by NBA Finals MVP Giannis Antetokounmpo, the Bucks did just that in front of a home crowd at Fiserv Forum in Milwaukee.  

Current NBA Finals Futures Odds

Canadian basketball fans can bet on the future outcome of the NBA Finals well in advance of the actual series. The wagering is open throughout the season and the odds can shift dramatically. Here were the odds for the 2022 NBA Champion in December, courtesy of DraftKings.   

2022 NBA Championship Futures Odds 

Brooklyn Nets+240
LA Lakers+700
Golden State Warriors+700
Milwaukee Bucks+800
Utah Jazz+1200
Miami Heat +1400
Phoenix Suns+1500
LA Clippers+1900
Philadelphia 76ers+2000
Denver Nuggets+2500

For the sake of simplicity and to keep things from getting unwieldy, we’ve listed just the top 10 favorite teams to win the 2022 NBA Championship. There are odds available on every NBA team, including the Toronto Raptors (+18000). The odds reflect the performance of teams up until this point of the season.  

The Brooklyn Nets are the favorite to win at +240. What does this mean in terms of a payoff? A $100 bet on the Nets would return $240 if they become NBA Champions in June. Keep in mind that these types of odds are fluid over the course of such a long season. Key injuries or big trades can affect NBA odds at any point in time.   

Where Can I Bet On The NBA Finals Online In Canada? 

Starting in early April, you will be able to bet on the NBA Finals at several online sportsbooks including BetMGM and DraftKings by using their sports betting apps. We’ll explain the process of downloading these apps later, but be sure to shop around for the best available odds and prices when betting on the NBA Finals. Even slight variations in the odds, such as a half-point, can mean the difference between winning and losing a bet.

Always shop around for the best promotions across the industry, too, as new customers can take advantage of matching sign-up bonuses and/or risk-free bets before opening an account. This is an effective way to boost your bankroll right out of the gate.   

How To Place An Online Bet On The NBA Finals In Canada

The easiest way to do this is to download a sports betting app, such as FanDuel, which works great for both iOS and Android. Let’s say you have an iPhone and need the iOS version. Simply go to the App Store and search for the FanDuel Sportsbook app. We mention that because FanDuel also has a daily fantasy sports app, and that’s not the one you need to bet on the NBA Finals.

Once you’ve downloaded the correct app on your iPhone, you’ll need to handle the registration process. You’ll be asked to supply some personal information, such as your age, email address, mailing address, and password. However, the first critical step is to choose a preferred sign-up bonus before registering your account. 

For Android users, head to the Google Play Store, which is the official app store for Android. All the steps after that will be the same as those required for iOS users. 

How Are Odds Calculated For Games In The NBA Finals

Oddsmakers closely follow the action on the court (and at the sportsbooks) to set odds for each game of the NBA Finals. The goal is always to post an opening line that will draw equal action on both sides of the bet. The sportsbook will then adjust the line accordingly, as the betting public wagers, to try and balance each side of the ledger. This prevents the book from having any liability on the game. 

Here was the line heading into Game 6 of last year’s NBA Finals:

Bucks-185-4.5 (-110)O 221 (-110)
Suns+165                   +4.5 (-110) U 221 (-110)

We know the outcome of this game, so let’s analyze the winning bets and see what they paid out for the moneyline, spread and total. Milwaukee defeated Phoenix, 105-98. A $185 moneyline bet on Milwaukee made you $100. Not only did the Bucks win outright, but they also covered the 4.5-point spread.

A $110 bet on Milwaukee -4.5 netted you another $100. The game ended up far below the posted total of 221 points – the combined number of points between the two teams – and under bettors celebrated a win. If you played $110 on the under, you lined your pockets with another $100.

Please note that you don’t have to bet $100 or try to win $100 on every wager. That figure represents a benchmark figure that’s used to help explain how sports bets are paid out. 

The spread, moneyline, and total represent basic bets on basketball. Next, let’s examine additional betting options for the NBA Finals. 

What Other Bets Can I Make On The NBA Finals In Canada?

Futures Bets 

We already discussed futures bets and provided odds on the top 10 teams favored to win the 2022 NBA Finals. There is also an NBA Finals MVP betting market that represents another popular futures bet. This can also be labeled a prop bet in some circles. 

As the Bucks-Suns NBA Finals matchup unfolded, DraftKings posted new odds on the players to win the NBA Finals MVP Award after each game. Let’s look at the odds after Game 4 when the series was tied 2-2.  

2021 NBA Finals MVP Odds (After Game 4)

Giannis AntetokounmpoBucks+130
Chris Paul Suns+175
Devin BookerSuns+260
Khris MiddletonBucks+3000
Deandre Ayton    Suns+12000

In Game 5, Milwaukee defeated Phoenix, 123-119 to come within one game of winning the NBA Finals. This was how the series MVP odds changed after that development.

2021 NBA Finals MVP Odds (After Game 5)

Giannis AntetokounmpoBucks  -400
Chris Paul                 Suns+650         
Devin Booker                 Suns+650
Khris Middleton           Bucks+3000
Deandre Ayton               Suns  +18000

You can see that Antetokounmpo became a prohibitive favorite at -400 heading into Game 6. You could have bet $100 on him the game before to win $130. Later? You’d have had to wager $400 on Antetokounmpo to win $100 to become MVP. That, in fact, is what played out.  

Parlay Bets 

A parlay bet involves at least two bets in a single wager. You can include more bets in a parlay, but your chances of winning decrease with additional selections (at standard -110 odds). Here’s a simple example of a parlay bet based on the Game 6 odds of the 2021 NBA Finals:   

Bucks-185-4.5 (-110)O 221 (-110)
Suns+165                   +4.5 (-110) U 221 (-110)

You decided to bet the Bucks -4.5 and under the 221 total in your two-team parlay for Game 6. Smart choice. Your $100 parlay bet returned $260, as the odds on a standard two-team parlay pay 2.6-1. There are free tools available online that can help you calculate the odds for these bets.

Prop Bets

Prop bets can be made on individual players or on teams. The most basic prop bet involves how many points a player will score in each game of the NBA Finals. But there are more complex props, including points, assists, and rebounds.

The Game 6 prop for Joe Crowder of the Suns was 17.5 points and rebounds at -115. You could have bet $115 to win $100 if you thought Crowder would have had at least scored 18 points and rebounds combined. You would have been correct. Crowder had 15 points and 13 rebounds to easily win fulfill the prop bet.

What if you thought Milwaukee’s Khris Middleton would have had more than 4.5 assists in Game 6? There was a prop bet for that offered at -160. Middleton barely covered this prop with five assists, but you would have had to bet $160 to win $100. 

Team prop bets for Game 6 were also available. The Bucks team total in the first quarter was set at under 30.5 points (-225). Milwaukee scored 29 in the opening quarter to narrowly cover this prop bet.

Strategies For Betting On The NBA Finals In Canada

Information can be a powerful tool when it comes to handicapping the NBA Finals. Staying abreast of team trends, player performances, and key injuries is critical to your success. It helps to follow websites and beat reporters who cover a team on a regular basis. Also, pay attention to line movements at several sportsbooks to find the best number and value for your bet.

The NBA Finals are a high-profile event that attracts a lot of public money. It often pays to fade the public play by going the other way. There are also alternate lines available for these games, too. If you liked Milwaukee -4.5 on the standard line in Game 6 of the last NBA Finals, you also could have played the Bucks at -6 on the alternate line at higher odds and a larger payoff. 

Betting Odds For The NBA Finals FAQs

Where can I bet on the NBA Finals online in Ontario?

Major sportsbooks including DraftKings, FanDuel, Bet MGM, PointsBet, and BetRivers are expected to be up and running in Ontario starting on April 4, 2022.

Is it safe to be on the NBA Finals online in Ontario?

Yes. You should have no concerns about betting with major sportsbooks, such as DraftKings, FanDuel, BetMGM, PointsBet, and BetRivers. They are all safe options for betting on the NBA Finals.

Do online sportsbooks offer live betting on the NBA Finals?

Yes. Live betting, also known as “in-game” wagering, is available for the NBA Finals. Technology allows sportsbooks to update betting markets on a real-time basis. You can bet on the spread, moneyline, total, and more as the game unfolds. The odds can change dramatically depending on the performances of both teams.

This is a popular betting option for those who don’t like pre-flop (betting before the game) wagers. It can be intense, with adjusted lines appearing and then disappearing just as fast based on the live bets coming in.

What kinds of prop bets are available on the NBA Finals?

The most popular prop bet on the NBA Finals involves betting on the player to be named MVP at the end of the series. There are also team and player props available for each game.

Will the Bucks score more than 60 points in the first half? This is a good example of a team prop.

Will Khris Middleton have more than 19.5 points and rebounds combined? This is a type of player prop available in each game of the NBA Finals.

Who is the current favorite to win the 2022 NBA Finals?

You can wager on the eventual NBA Champion with a futures bet at any time during the season. Recently, the Brooklyn Nets were the +240 favorite to win it. The LA Lakers and Golden State Warriors followed at +700, and the reigning NBA champs in Milwaukee were +800. A $100 bet on the Bucks would return $800 if they successfully defend their title.

When are the 2022 NBA Finals and where will they take place?

The 2022 NBA Finals will begin on June 2, 2022. They will finish no later than June 19, 2022. The location of the NBA Finals depends on the winners of the Eastern Conference and Western Conference. Games will take place in two different cities, with one team starting the NBA Finals with a home-court advantage. This team will have the opportunity to host four games as opposed to three.

About the Author

Kris Johnson

With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled, The Endgame.