Update after the 1st round of the NBA Playoffs: The Philadelphia 76ers paid big for underdog bettors as they were +1100 ($100 wager paid $1100) to advance and based on the odds only had a 7% chance of advancing to round #2 over the Chicago Bulls. The Heat rolled over the Knicks and proved why they were -1100 favorites in the series over New York. The Pacers were another favorite who moved on in the East at -800. The oddmakers had the Celtics and Hawks series a coin-flip as Boston advanced at -135. In the Western Conference the Spurs were monster favorites and moved on at -2500 (95% chance of moving on to second round). The Thunder at -600 and Lakers at -240 were also favored (and did) move on in the NBA Playoffs. The Clippers had a 41% chance to advance at +135 and did so by defeating the Grizzlies in game #7 on the road.
The NBA Playoffs are here as 16 teams will attempt to play their way to the NBA Finals. The Miami Heat are the odds-on favorites to win the NBA Title this season with several other quality clubs just behind them. Cal-Neva sportsbooks in Las Vegas, Nevada has released the first round betting odds for matchups in both the Eastern and Western conferences. The NBA is one of the most bet on sports in the United States and with the playoffs close to getting underway, betting will only pick up from where it is now.
A total of eight teams in each conference qualify for the post season. Each team that wins their division overall automatically qualifies (three in each conference) and then the next five teams record wise also make the playoffs. The first seeds play the eighth seeds, second play the seventh seeds and so on.
(1) Chicago Bulls vs. (8) Philadelphia 76ers(4) Boston Celtics vs. (5) Atlanta Hawks(3) Indiana Pacers vs. (6) Orlando Magic(2) Miami Heat vs. (7) New York Knicks
(1) San Antonio Spurs vs. (8) Utah Jazz(4) Memphis Grizzlies vs. (5) Los Angeles Clippers(3) Los Angeles Lakers vs. (6) Denver Nuggets(2) Oklahoma City Thunder vs. (7) Dallas Mavericks
Several first round odds have also been released on the above matchups of the First Round of the NBA Playoffs. These odds were released first in the world by Cal-Neva sportsbooks in Las Vegas, Nevada.
In the Eastern Conference, the Bulls -1600 vs. 76ers +1100 (implying 93% chance Bulls advance), the Heat -1100 vs. Knicks +800 (implying 90% chance Heat advance), Pacers -800 vs. Magic +600 (implying 88% chance Pacers advance) and Celtics -135 over Hawks +115 (implying 55% chance Celtics advance).
In the Western Conference Spurs -2500 vs. +1500 (implying 95% chance Spurs advance), Thunder -600 vs. Mavs +475 (implying 84% chance Thunder advance), Lakers -240 vs. Nuggets +200 (implying 69% chance Lakers advance) and Grizzlies -155 vs. Clippers +135 (implying 59% chance Grizzlies advance).
The Miami Heat are exactly at EVEN MONEY to win the Eastern Conference. The following are odds to win the NBA Championship this season: Heat 2/1, Bulls 4/1, OKC 9/2, SA 5/1, Lakers 15/1, Celts 25/1, Grizzlies 30/1, LAC 35/1, Knicks 40/1 and Mavs 45/1.
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