Skip to content

LeBron to Cleveland rumors have bettors putting money on Cavs to win it all next season (and Vegas backtracking)

Jul 8, 2014, 1:05 PM EDT

Detroit Pistons v Cleveland Cavaliers Detroit Pistons v Cleveland Cavaliers

Winning at sports gambling is about taking smart risks, ones that could pay off with a nice reward. Find the good odds where you think the bookmakers (or the betting public pushing them) is off target then jump on it.

After the NBA Finals last season, when future bet odds on next season’s NBA champion came out, the Cleveland Cavaliers were between 40-1 and 60-1, depending on where you looked. Then the LeBron James return to Cleveland rumors started picking up steam — and gamblers saw the value and started putting money on the Cavs while the odds were still high.

Doesn’t matter that LeBron has yet to make a decision (and the Heat remain confident), and it doesn’t matter that if LeBron picks Cleveland that is a young, untested team that may not be able to win it all year one. LeBron instantly makes any team a contender and if you can place money on a potential contender at long odds, it’s worth the risk.

People did, particularly fans (these tend not to be large, professional bets), and Vegas is freaking out just a little, as David Purdum wrote for ESPN.

More bets have been placed on the Cleveland Cavaliers to win the 2015 NBA title than on any other team at the Las Vegas Superbook.

“They are our biggest liability right now,” said MGM VP of Race and Sports Jay Rood. “We took a dime ($1,000) on them at 40-1.”

The Cavs are currently down to 10-1 at the MGM.

For bookmakers, sports gambling is about covering their risks, and the Cavs have become a risk to cost them money.

You can find the odds now and place a bet at online casinos as well as some spots in Vegas, although a number of casinos have taken down NBA futures betting until free agency plays out (some casinos, such as the Wynn, have had that as their policy for years).

If LeBron jumps to Cleveland, the Cavs still are not likely to be favorited against the best of the West (and maybe Chicago, depending upon who they do or do not land in free agency). That according to Las Vegas Superbook assistant manager and head NBA oddsmaker Jeff Sherman, speaking in that same ESPN piece.

If James were return to Cleveland, where he spent the first seven seasons of his NBA career, Sherman said he would adjust the Cavs’ odds to around 8-1.

“They are such a young team,” Sherman said of the Cavaliers. “They would be better positioned for the next season than this upcoming one.”

Latest Posts
  1. Raptors’ GM Masai Ujiri sees Bismack Biyombo as key part of roster transformation

    Aug 1, 2015, 9:30 AM EDT

    Detroit Pistons v Charlotte Hornets Getty Images

    Biyombo has worked with Hakeem Olajuwon this summer on post moves, other parts of his game.

  2. Nets finally taking responsible path to rebuilding, don’t expect another spending spree next summer

    Aug 1, 2015, 8:00 AM EDT

    Brooklyn Nets Deron Williams Paul Pierce Kevin Garnett Getty Images

    The Nets will be paying the price for their win-now era for a few years to come still.

  3. Report: Dwight Howard to attend Team USA mini-camp after all

    Aug 1, 2015, 1:11 AM EDT

    Dwight Howard AP

    This is the right move, whether he decides to play in Rio or not.

  4. Watch Karl-Anthony Towns highlights from Summer League

    Jul 31, 2015, 11:08 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwu3mmzjztazntu1ogzhywnkzju2otmyzgnloty5otbl1 AP

    He looks like a guy who can live up to the No. 1 pick billing.

  5. Pelicans waive Toney Douglas, still await Norris Cole decision

    Jul 31, 2015, 10:26 PM EDT

    Utah Jazz v New Orleans Pelicans Getty Images

    Norris Cole is still looking for a bigger payday.

  6. Pacers’ Jordan Hill arrested for reckless driving, clocked at 107 mph

    Jul 31, 2015, 7:15 PM EDT

    Phoenix Suns v Los Angeles Lakers Getty Images

    Hill told the police he was “in a hurry.” I guess so.

  7. Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson

    Jul 31, 2015, 7:01 PM EDT

    Dallas Mavericks v Sacramento Kings Getty Images

    Neither guy is going to make a difference on the court for these teams. This was just moving some money around.

  8. Trail Blazers guarantee Allen Crabbe’s contract for next season

    Jul 31, 2015, 5:46 PM EDT

    LV Celtics v Trailblazers Getty Images

    Crabbe looked good in Las Vegas at Summer League.

  9. Report: Hedo Turkoglu wants to play anther NBA season, Kings possiblity

    Jul 31, 2015, 4:59 PM EDT

    Washington Wizards v Los Angeles Clippers Getty Images

    The Kings don’t really have the roster spot for him.

  10. Grizzlies’ D-League affiliate hires female assistant coach

    Jul 31, 2015, 4:11 PM EDT

    NBA.com NBA.com

    Iowa Energy add Nicki Gross to coaching staff

  11. Report: Joe Johnson “pumped” that Deron Williams bought out by Nets

    Jul 31, 2015, 12:52 PM EDT

    joe johnson nets sleeved alternates

    Johnson makes $24.9 million, but this is the last year of his contract.

  12. Report: Knicks to sign Thanasis Antetokounmpo

    Jul 31, 2015, 12:47 PM EDT

    20141220 Westchester Knicks at Maine Red Claws Getty Images

    New York drafted Giannis Antetokounmpo’s brother last year

  13. Report: 76ers second-rounder J.P. Tokoto won’t sign with Philadelphia

    Jul 31, 2015, 10:23 AM EDT

    Houston Rockets v Philadelphia 76ers Getty Images

    No. 58 pick will reportedly head overseas or to D-League

  14. Knicks waive Ricky Ledo

    Jul 31, 2015, 9:21 AM EDT

    Ricky Ledo AP

    Guard didn’t show much in short stint in New York

  15. NBA lands in Africa trying to put down roots, which is all about youth programs, infrastructure

    Jul 31, 2015, 8:35 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptu5nzjmmwjlotdhnzrhn2iwytixngrhnwi2yzqwyjzk AP

    “One thing to come out of this will be more camps, more clinics, more games, more youth competition, and from that you get into infrastructure, and building more courts.” —Masai Ujiri, Raptors GM and native Nigerian

Top 10 NBA Player Searches
  1. K. Bryant (2625)
  2. B. Haywood (2004)
  3. M. Miller (1862)
  4. I. Thomas (1841)
  5. L. James (1768)
  1. N. Young (1682)
  2. J. Smith (1634)
  3. S. Napier (1599)
  4. T. Thompson (1561)
  5. G. Robinson III (1478)