Thunder, Spurs open NBA season as co-favorites to win title

The Oklahoma City Thunder and San Antonio Spurs are co-favorites to win the title as they close out the opening day of the 2026-27 NBA regular season in San Antonio on Tuesday night.

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BetMGM is offering the Western Conference rivals at +260 to win the title. The Spurs’ odds have shifted slightly from opening at +270 to match the Thunder by opening day.

The Philadelphia 76ers have the third-shortest odds at +850 with their star-studded cast that includes newcomers LeBron James and Jaylen Brown alongside returning stars Joel Embiid and Tyrese Maxey. Philadelphia opened as a +6000 long shot, but those odds shifted significantly following the trade for Brown and the free-agent signing of James.

Going a bit in the opposite direction have been the reigning champion New York Knicks, who are now +1000 after opening at +700.

“The Thunder and Spurs are clear favorites to win the NBA Championship, but bettors love the 76ers,” BetMGM senior trader Anthony Parenti said. “Nearly 40% of all money wagered has been on Philly to win the title after trading for Jaylen Brown and signing LeBron James in the offseason.

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“The Sixers are the biggest liability to win the championship.”

The 76ers have attracted 29.2% of all title bets and 35.9% of the money wagered since the market opened. That’s well ahead of the 5.6% percent of the tickets backing the Knicks and the 7.2% of the money backing the Thunder, which represent the second-most in both markets.

2026-27 NBA TITLE ODDS*

Team | Opening Odds | Odds on July 24 | Current

Oklahoma City Thunder | +260 | +275 | +260

San Antonio Spurs | +270 | +275 | +260

Philadelphia 76ers | +6000 | +1000 | +850

New York Knicks | +700 | +850 | +1000

Boston Celtics | +700 | +1400 | +1400

Cleveland Cavaliers | +3300 | +2500 | +2500

Denver Nuggets | +2000 | +2200 | +2500

Toronto Raptors | +15000 | +2500 | +2500

Minnesota Timberwolves | +2500 | +2500 | +2500

Detroit Pistons | +3300 | +2500 | +3000

Miami Heat | +3500 | +3000 | +3000

Indiana Pacers | +3000 | +5000 | +3500

Los Angeles Lakers | +2500 | +4000 | +3500

Houston Rockets | +6600 | +6000 | +5000

Atlanta Hawks | +10000 | +8000 | +6600

Golden State Warriors | +6600, | +6000 | +6600

Portland Trail Blazers | +8000 | +8000 | +8000

Orlando Magic, | +5000 | +8000 | +8000

Charlotte Hornets | +10000 | +15000 | +12500

Phoenix Suns | +8000 | +12500 | +15000

Washington Wizards | +15000 | +15000 | +15000

Dallas Mavericks | +8000 | +15000 | +20000

Utah Jazz | +15000) | +20000 | +20000 | +20000

Los Angeles Clippers | +6600 | +50000 | +75000

New Orleans Pelicans | +25000 | +50000 | +75000

Chicago Bulls | +75000 | +75000 | +75000

Milwaukee Bucks | +25000 | +75000 | +75000

Memphis Grizzlies | +50000 | +75000 | +75000

Brooklyn Nets | +100000 | +100000 | +10000

Sacramento Kings | +75000 | +100000 | +10000

*Odds provided by BetMGM

Spurs center Victor Wembanyama is the +200 favorite to win Most Valuable Player honors, followed by the Thunder’s Shai Gilgeous-Alexander at +400.

Despite the Los Angeles Lakers owning only +3500 odds to win the title, Luka Doncic leads the book with 14.1% of the total bets and 24.8% of the money backing him at +475 to win MVP.

Dallas Mavericks second-year star Cooper Flagg is the book’s biggest MVP liability at +20000.

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–Field Level Media

Copyright 2026 Field Level Media. All Rights Reserved.

This story was originally published October 20, 2026 at 1:45 PM.

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