NBA Playoff Odds 2023: Exploit Oddsmakers’ Overreaction on Line Shifts

It’s easy to overreact to early-season losses in the NBA. But it seems that all of the abhorrent reactions to the Los Angeles Lakers start are warranted.

L.A. dropped to 0-3 following yesterday’s home loss to Portland, and afterward LeBron James said the team’s mood was “s—ty.”

Well, the oddsmakers have taken note of that stench and dropped the Lakers significantly on the NBA Finals odds board. 

Just one week ago, SportsBetting assigned the Lakers with 22-1 odds and reported that 9% of the book’s entire championship wagering handle was on L.A., which was the second-highest percentage after Golden State (18%). 

Now, the Lake Show is well down the list with 33-1 odds, and the drop marks the biggest odds movement through the first week of the season. 

It’s worth noting that the Lakers have the exact same title odds as the Cavaliers.

As far as L.A.’s playoff outlook…the numbers aren’t pointing toward a happy place.

Will the Lakers make the NBA Playoffs? (play-in tournament does not count)

Yes +110

No -140

NBA Playoffs odds:

NBA Championship Odds

Boston Celtics                         6-1

Golden State Warriors            6-1

Los Angeles Clippers               7-1

Milwaukee Bucks                    8-1

Brooklyn Nets                         9-1

Phoenix Suns                          12-1

Denver Nuggets                      14-1

Philadelphia 76ers                  16-1

Miami Heat                             20-1

Dallas Mavericks                     22-1

Memphis Grizzlies                  22-1

New Orleans Pelicans             25-1

Minnesota Timberwolves       28-1

Cleveland Cavaliers                 33-1

Los Angeles Lakers                  33-1

Atlanta Hawks                         50-1

Toronto Raptors                     50-1

Chicago Bulls                           66-1

Portland Trail Blazers              80-1

New York Knicks                     100-1

Charlotte Hornets                   200-1

Utah Jazz                                 250-1

Washington Wizards              250-1

Sacramento Kings                   300-1

Detroit Pistons                        500-1

Orlando Magic                        500-1

Oklahoma City Thunder          750-1

San Antonio Spurs                  750-1

Houston Rockets                     1000-1

Indiana Pacers                        1000-1

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