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NBA playoff odds: Lakers, Heat are favorites. Of course.

Apr 15, 2011, 6:59 PM EDT

Boston Celtics v Los Angeles Lakers Getty Images

Here’s the thing to remember about gambling odds — it’s not about who the odds makers really think has the best chance, it’s about keeping money evenly spread around so the house doesn’t lose money.

Meaning the favorite on the betting line is really about that being the team bet the most so the book doesn’t want to give a lot of money back to those bettors.

In this case Lakers betters. And Heat betters. Because you all love those teams.

From Bodog.com, here are the odds for the NBA playoffs this season. You could make a lot of money on the Pacers… but maybe you should just send that money to me instead.

Odds to win 2011 NBA Championship
Los Angeles Lakers 11/4
Miami Heat 13/4
Chicago Bulls 7/2
San Antonio Spurs 7/1
Boston Celtics 15/2
Oklahoma City Thunder 12/1
Dallas Mavericks 18/1
Orlando Magic 18/1
Denver Nuggets 35/1
New York Knicks 45/1
Portland Trailblazers 50/1
Memphis Grizzlies 100/1
Atlanta Hawks 125/1
Philadelphia 76ers 150/1
New Orleans Hornets 175/1
Indiana Pacers 250/1

Odds to win 2011 Eastern Conference
Miami Heat 8/5
Chicago Bulls 7/4
Boston Celtics 7/2
Orlando Magic 9/1
New York Knicks 25/1
Atlanta Hawks 60/1
Philadelphia 76ers 65/1
Indiana Pacers 100/1

Odds to win 2011 Western Conference
Los Angeles Lakers 1/1
San Antonio Spurs 9/4
Oklahoma City Thunder 13/2
Dallas Mavericks 8/1
Denver Nuggets 14/1
Portland Trailblazers 25/1
Memphis Grizzlies 60/1
New Orleans Hornets 80/1

  1. thestudiokida - Apr 15, 2011 at 8:14 PM

    Those Trailblazers odds were about 85/1 a week ago. And they were the best bet for the payout. Now I don’t think I’d place a bet. Too much uncertainty this year with SIX legitimate (incl. BOS/OKC) contenders. I am excited.

  2. loungefly74 - Apr 15, 2011 at 9:57 PM

    surprised the knicks have better odds than the t-blazers.
    this is going to be a great playoff. i’m as happy as a little girl as Deter from SNL would say.

    • kulcousy - Apr 15, 2011 at 11:43 PM

      Read the article again!

      • loungefly74 - Apr 16, 2011 at 10:46 AM

        i was going by this:

        New York Knicks 45/1
        Portland Trailblazers 50/1

        did i read it wrong? i’m not a gambler but i think it reads the knicks have a better odd to win the title…

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