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The 2022 NBA Summer League ended on July 17 when the Portland Trail Blazers beat the New York Knicks 88-77. Trendon Watford led the Blazers with 18 points. New York Knicks player Quentin Grimes scored the most points in the game with 24. Now that the NBA Summer League is over, it’s a good time to check out updated NBA Championship Odds along with an odds analysis.

Updated 2023 Championship Odds After the Summer League | NBA Betting Analysis

2023 NBA Finals

When: June 2023

Early 2023 NBA Championship Odds

Golden State Warriors +600
Boston Celtics +600
Brooklyn Nets +600
Los Angeles Clippers +600
Milwaukee Bucks +750
Phoenix Suns +900
Miami Heat +1400
Philadelphia 76ers +1400
Memphis Grizzlies +1400
Denver Nuggets +1500
Dallas Mavericks +1500
Los Angeles Lakers +2000
Utah Jazz +4000
New Orleans Pelicans +4000
Chicago Bulls +5500
Toronto Raptors +5500
Minnesota Timberwolves +5500
Atlanta Hawks +8000
Charlotte Hornets +10000
Cleveland Cavaliers +10000
Portland Trail Blazers +10000
New York Knicks +20000
San Antonio Spurs +30000
Washington Wizards +30000
Indiana Pacers +50000
Detroit Pistons +50000
Sacramento Kings +80000
Oklahoma City Thunder +100000
Orlando Magic +100000
Houston Rockets +100000

Four teams favored to win the title

Before the NBA Summer League, the Warriors and Celtics were the two favorites to win it all. After the Summer League, the Nets and Clippers have joined Golden State and Boston at +600 odds.

The Summer League didn’t have much to do with why the Nets and Clippers are at +600 just like Golden State and Boston. Two things have happened.

First, both Kyrie Irving and Kevin Durant remain Brooklyn Nets. Neither player has gone to a different team. Second, John Wall, whom many believe is one of the better point guards in the league, is now a Los Angeles Clipper.

Wall joins a team that includes Paul George and Kawhi Leonard. If Kawhi is one-hundred percent healthy, the Clippers should be one of the Western Conference’s best teams.

The Milwaukee Bucks and Phoenix Suns may offer overlay odds

The Clippers, Warriors, Celtics, and Nets are at +600. At +750, the Bucks may have as much of a shot of winning the title as the favorites.

Milwaukee’s starting five hasn’t changed much since the 2021 title run. The reason Milwaukee failed to defend their championship in 2022 is because Khris Middleton got hurt during the playoffs. If Middleton returns one-hundred percent this season, the Bucks should be one of the better teams in the NBA.

The Suns didn’t lose because one of their starts got hurt. Dallas stepped it up and knocked Phoenix out of the Western Conference Playoffs.

But the Suns matched Indiana’s offer sheet to DeAndre Ayton, signaling they’re serious about going for the title. If players step it up to help Chris Paul and Devin Booker, the Suns could surprise at better than fair odds.

Heat, Mavericks, and Nuggets will be good enough to win the NBA Championship

The Miami Heat were good enough this past season to win the NBA Finals. If Victor Oladipo improves, last season was his first after suffering multiple injuries the past few seasons, the Heat should be better in 2023.

The Mavericks lost Jalen Brunson. But Mark Cuban did what was required to give Dallas the best chance to compete in the loaded West. The Mavs acquired Christian Wood and Javale McGee.

Now with a terrific inside presence, the Dallas Mavericks should be one of the best teams in the conference. Dallas has a better shot to win the NBA Championship than the +1500 odds indicate.

Two-time NBA MVP Nikola Jokic has carried the Denver Nuggets the past couple of seasons. In 2022-2023, Jokic should finally get some help because Michael Porter Jr. and Jamal Murray should both start the season one-hundred percent healthy.

The Memphis Grizzlies and Philadelphia 76ers offer lower odds than the Mavericks and Nuggets but Dallas and Denver are much better plays to win rings than the Grizz or Sixers.