Before and during the regular season and playoffs, New York bettors can place wagers on who they think will win the NBA Finals. The bet will only cash if the team you wagered on wins the championship. Unlike single-game betting, an NBA Finals bet will not payout in the span of a day. Bettors place these bets typically months in advance. The bet will have a more favorable payout if you place the bet earlier in the season.

Last year, the Milwaukee Bucks took home the Larry O’Brien trophy. They opened the season at +550 to win the NBA Finals. If you placed $100 on the Bucks to win the championship before the season started, you would have won $550 with their championship victory. The Phoenix Suns came in second place after losing to the Bucks in the Finals. Phoenix opened the season with +5500 odds to win the NBA Championship. If they had beaten the Bucks, bettors who placed a $100 wager at those odds would have won $5,500. 

Before the 2021-22 season started, the Brooklyn Nets opened as the betting favorites at +210. Their big three of Kevin Durant, James Harden, and Kyrie Irving positioned themselves as the most talented team going into the season. 

Current NBA Finals Odds

Following Christmas day, sportsbooks listed the Brooklyn Nets as the betting favorites for the 2021-22 NBA Finals. FanDuel listed them at +260 with the Golden State Warriors behind them at +480. The 2020-21 NBA Champion Milwaukee Bucks came in with the third-best odds at +700 with the runner-ups of that year, Phoenix Suns, listed at +850. 

After the holiday games, the Nets sat atop the Eastern Conference and the Warriors held the top spot in the Western Conference with the Suns immediately behind them. Due to injuries and COVID-19, the Nets did not play at full strength for the first 30 games of the season. Brooklyn’s odds will only get better if they can remain healthy going into the playoffs.

The NBA released an MVP ladder right before Christmas. Steph Curry took the number one spot with Kevin Durant behind him in the second slot. One player can make a massive difference in basketball. The Nets and Warriors have the two best odds to win the NBA Championship as well as the top two players in the MVP race. Their record and individual player performance play a major role in their favorable championship odds.

Where Can I Bet On The NBA Finals Online In New York?

Last April, New York state lawmakers reached an agreement to bring online sports betting to the Empire State, and sports betting apps officially launched on January 8, 2022. The New York State Gaming Commission chose nine mobile sportsbooks to launch in the state. Those nine include DraftKings, FanDuel Sportsbook, BetMGM, Caesars Sportsbook, BetRivers, PointsBet, Bally Bet, WynnBET, and Resorts World. DraftKings, FanDuel, Caesars Sportsbook, and BetRivers are currently live in the state. 

Now that mobile betting apps are live, New York residents can place bets through any of the mobile sportsbooks currently available.

NBA Finals Sportsbook Odds

NBA TeamBetRiversFanDuelBetMGMDraftKingsPointsBet
Brooklyn Nets+250+260+250+245+260
Golden State Warriors+550+480+550+550+500
Milwaukee Bucks+700+700+700+750+700
Phoenix Suns+800+850+850+750+700
Utah Jazz+1000+1200+1100+1100+1000
Los Angeles Lakers+1000+1200+1200+1200+1100
Miami Heat+1600+1300+1200+1400+1400

Sportsbook Bonus Offers

DraftKings NY

With a minimum of a $5 first-time deposit, DraftKings offers their new users a $50 free bet as well as a 20% deposit bonus of up to $1,000. Users can claim their bonus offers here.

Caesars Sportsbook NY

Caesars Sportsbook New York is offering first bet insurance for new sign-ups. NY bettors can take advantage of the first bet insurance up to $1,100. Claim with Caesars Sportsbook NY promo code SHARPBETCZR.

FanDuel NY

For new users, FanDuel offers a risk-free bet up to $1,000. If your first bet of $1,000 or less loses, FanDuel will give you a free bet of equal value. Claim the FanDuel promo here.

BetRivers NY

New York Bettors can use code SHARP250 to claim a $250 deposit match bonus offer. BetRivers will match 100% of any first-time deposit equal to or less than $250 with only a 1x playthrough. Click to claim.

Coming soon to New York:

BetMGM: Using BetMGM New York promo code SHARP, users can claim a $1,000 risk-free bet. Like FanDuel, BetMGM will give users a free bet of up to $1,000 if their first wager loses.

PointsBet: New users can claim a risk-free bet of up to $2,000 with promo code BESTOFFER. Once signed up through the link, users can deposit funds and make a risk-free bet.

How To Place Online NBA Finals Bets In NY

Now that mobile sports betting is live in New York, bettors have the ability to register for an account with one of these licensed online sportsbooks: DraftKings, Caesars Sportsbook, FanDuel, and BetRivers.

Once you have downloaded the app through the IOS or android app store or opened the site through your web browser, you can click register in the top right corner. There you will enter your email, password, name, last four digits of your social security number, date of birth, phone number, and current address. Then you just need to confirm that you are over 21 years of age as well as agree to the terms and conditions of the betting service. 

Upon registration, you can deposit funds into your account by clicking on the deposit button in the upper right corner or by clicking on your profile and selecting the ‘My Balance’ option. Users can choose to withdraw funds from that same section. BetMGM accepts debit/credit cards, PayPal, online banking, ApplePay, and various other payment cards and banking services.

To place a bet on the NBA Finals, users can click on the NBA logo at the top of the page or by selecting the ‘A-Z Menu’ at the bottom of the screen. On the ‘A-Z Menu’, you will select basketball and you will be redirected to the NBA betting page. On that screen, users can click the ‘NBA Finals Winner’ button. From there, users will have a list of options.

You can click on which team you think will win and it will be added to your betslip. On that page, users can bet on various props such as which division or conference the winner will come from as well as what state the winning team will be from. Bettors can also place wagers on the exact outcome of the NBA Finals. This means predicting who will win the championship and which team they will defeat in the Finals.

Once you find the bets you want, you click on the bet slip button at the bottom of the screen. You enter how much you want to stake on the bet and then confirm it. From there, you can keep track of your open bets on the ‘My Bets’ tab on the bottom bar.

How NBA Finals Odds Are Calculated

Before and throughout the season, teams will have plus odds to win the championship. A team with lower odds is more likely to win the NBA Finals. Before the season, DraftKings listed the Nets as +200 to win the championship with the Lakers behind them at +400. This means that DraftKings thought it was two times more likely that the Nets would win the Finals over the Lakers. A $100 bet on the Nets to win the championship would net bettors a $200 profit, while a $100 bet on the Lakers would return a win of $400. 

On the other side, DraftKings listed the Detroit Pistons as +100000 to win the championship. A $100 bet on the Pistons would return a profit of $100,000. The return seems fantastic, but with those odds, DraftKings thinks that bet has almost no chance of cashing. No team with lower than +2800 odds during the preseason has won the NBA Championship.

Sportsbooks set their NBA Finals odds based on how teams performed in the previous season, if they signed free agents, traded for players, or lost key contributors. The Los Angeles Clippers opened the 2020-21 season with +550 odds to win the title, but their 2021-22 championship odds opened at +1700 as they lost Kawhi Leonard to injury. The Chicago Bulls saw their odds improve in 2021-22 to +8000 after signing multiple free agents in the offseason. Chicago opened the 2020-21 season with +20000 odds to win the NBA Finals.

During the season, odds will fluctuate on varying factors. If players get hurt or do not perform well, teams will see their odds drop. After losing Paul George to injury as well as a 17-17 start to the 2021-22 season, DraftKings lowered the Clippers’ odds at winning the championship to +2200.

A team’s odds can also increase if they make acquisitions during the season or perform better than expectations. With a 21-10 start and offseason acquisitions playing well, the Bulls had their 2021-22 championship odds jump to +3000 from the +8000 that they opened the season with. After the Nets traded for James Harden in the 2020-21 season, their championship odds for the year went from +600 to +300. 

NBA Finals Odds And Betting

What Is An NBA Futures Bet?

A futures bet happens when you place a wager on a game, event, or prop that will not happen until the future. Bettors can place wagers on the NBA Finals months before it happens. Users can place bets on who will win the NBA Finals, which player will win the MVP award, as well as other prop bets revolving around the championship series. 

New York residents can place NBA Finals bets at any time before the series ends. As the NBA Finals get closer, the odds start to dwindle down. When the 2020-21 NBA Playoffs started, the Nets had +105 to win the championship. Sportsbooks viewed them as the betting favorites with a starting lineup featuring Harden, Durant, and Kyrie Irving. 

What Is An NBA Finals Prop Bet?

During the NBA Finals, bettors can place wagers on prop bets. They can bet the over/under on how many points, assists, rebounds, steals, or blocks a player gets in a game or throughout the entire series.

In the 2020-21 NBA Finals, Giannis Antetokounmpo had a prop bet of 32.5 total points. Bettors could have placed wagers on the OVER (-111) and the UNDER (-120). A successful OVER bet at -111 odds would have net the bettor a $90 profit. If the under had hit, those bettors would have gained $83 with the -120 odds.

Other prop bets include which player will win the Finals MVP as well as betting on the number of games played in total throughout the series. Users can place bets on if the series would end in games 4, 5, 6, or 7. Those odds would differ as the series went on. 

Some sportsbooks may offer prop bets on which team wins the tip-off and which player scores the first basket, but the NBA Finals does not have many exotic prop bets. The Super Bowl allows users to bet on the color of the Gatorade, the length of the National Anthem, and how many times the commentary team mentions a certain fact or name just to list a few. During the NBA Finals, the majority of prop bets revolve around the players playing the game.

Strategies For NBA Finals Betting In NY

When betting on the NBA Finals, bettors will find more success wagering on single-game betting. One strategy includes betting on the total early in the series. During game 1 of the 2020-21 NBA Finals, the total closed at 218.5. After the two teams combined for 223 points in the first game, oddsmakers set the total at 220 for the rest of the series. 

Sportsbooks might under or overshoot the combined total in the first game of the series. If the Finals features two high-scoring teams, users can bet the OVER for game 1 as oddsmakers may not account for the combined scoring in the first matchup. On the other side, if the Finals features two defensive teams, then bettors can place wagers on the UNDER as sportsbooks may overestimate the scoring output by both teams.

Another strategy includes making player prop bets. During the NBA Finals, the starting players will play close to 40 minutes instead of the 25-30 minutes they typically play per game in the regular season. The point guard of the offense will have the ball in his hands and have the opportunity to rack up points, assists, and rebounds. Users can place bets on the star player to have the over on points, assists, and rebounds combined. 

In Game 1 of the 2021 NBA Finals, Antetokounmpo combined for 41 total points, rebounds, and assists. For the Suns, Chris Paul had 45 combined points, assists, and rebounds. When the games matter the most, the best players will take control of the game and rack up stats. Players like Lebron James, Steph Curry, and Kevin Durant will get the ball in their hands and facilitate the offense.

Betting Odds For The NBA Finals FAQs

Is betting on the NBA Finals legal in the US?

Betting on the NBA Finals is legal in more than half of the 50 US states. Some states offer in-person and online betting while some just offer in-person retail locations. In a legal state like New York, residents can place bets through sportsbooks licensed by the state’s gaming commission.

Where can I bet on the NBA Finals online?

Bettors in New York can bet on the NBA Finals online at DraftKings Sportsbook, Caesars Sportsbook, FanDuel, or BetRivers.

The New York State Gaming Commission licensed nine online sportsbooks. These include DraftKings, FanDuel, BetMGM, Caesars, PointBet, Bet Rivers, WynnBet, BallyBet, and Resorts World.

How old do I need to bet on the NBA Finals?

New York requires bettors to be at least 21 years of age to place a bet.

Is it safe to place an NBA Finals bet online?

It is safe to place a bet online through any of the nine licensed sportsbooks. Those sportsbooks are governed by the New York State Gaming Commission and will provide users with a fair and safe betting experience.

Do online sportsbooks offer live betting during the NBA Finals?

Yes, sportsbooks offer live betting throughout the NBA Finals.

What kind of prop bets are there for the NBA Finals?

Bettors can place wagers on player prop bets as well as team-based props.

Can I bet on events happening off the field?

Most of the NBA Finals bets revolve around what happens on the court. There may be some exotic off-the-court bets available on advertisements and other events, but those will be far and few between.

Who is the current NBA Finals favorite for 2021-22?

FanDuel sportsbook currently lists the Brooklyn Nets as the betting favorites for the 2021-22 NBA Finals with +260 odds.

When are the 2022 NBA Finals?

The 2021-22 NBA Finals are expected to start June 2, 2022, and end no later than June 19, 2022.

About the Author

Chris Wilson

Chris Wilson is a freelance writer for NY Sports Day. Chris resides in Massachusetts and writes about the sports betting industry as well as sports like football and baseball.

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