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The Milwaukee Bucks, Los Angeles Lakers, and Los Angeles Clippers odds to win the 2019-20 NBA Championship shifted Thursday at legal sportsbooks across the country after the NBA announced its new 22-team playoff format, but the trio remains the betting favorites, according to TheLines.com, which tracks odds in the U.S. regulated sports betting markets.
NBA Commissioner Adam Silver, during a meeting with the NBA’s Board of Governors, proposed a format that will include the 16 teams that would have qualified for the playoffs when the season was postponed on March 11 as well as six additional teams that will be included in a play-in tournament for the eighth and ninth seeds. The games would be played at Disney World in Florida, and the league is targeting July 31 to resume the season, according to reports.
The significantly altered format changed the betting odds at DraftKings and FanDuel, which represent the two market leaders in the legal online sports betting market, as well as other major books. The Bucks reopened at +250 on DraftKings — paying $250 for every $100 bet — and +200 on FanDuel. The Bucks were +250 on DraftKings and +240 on FanDuel when the season was postponed. DraftKings left the Lakers unchanged at +250, and FanDuel’s line moved to +250 from +270. The Clippers were also unchanged at +333 by DraftKings but moved to +325 from +340 on FanDuel. The Brooklyn Nets were by far the biggest movers — moving to +8000 (DraftKings) and +5000 (FanDuel), from +20000 and +21000, respectively — on the slim hopes of a return by star Kevin Durant.
“The Bucks, Lakers, and Clippers were always going to remain favorites, but the prospect of some stars returning from injury, especially Kevin Durant of the Nets, significantly altered the lines,” said Brett Collson, betting analyst at TheLines.com. “The specific target date for the resumption of the season also gives bettors something to look forward to. Factor in pent-up demand and the next two months should spur huge interest in futures betting.”
The Denver Nuggets reopened at +3000 (DraftKings) and +2500 (FanDuel) — changing from +2000 at DraftKings and holding steady at FanDuel — making the Nuggets the favorite among teams that play in legal sports betting jurisdictions. DraftKings left the Philadelphia 76ers at +3000, and FanDuel left the line unchanged at +2500.
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1927 - Paul Whiteman and his orchestra recorded "When Day is Done." 1961 - Elvis Presley's seventh film, "Wild in the Country" premiered. 1963 - The Essex released "Easier Said Than Done." 1966 - The Elvis Presley film "Paradise Hawaiian Style" premiered. 1974 - Rick Wakeman announced he was leaving Yes. Patrick Moraz replaced him on August 18. 1979 - The Who released the soundtrack album "The Kids Are Alright."
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