How Milwaukee Bucks' Loss Affects NBA Eastern Conference Odds

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Bryce Derouin

Last Updated: Apr 27^th, 2023

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How Milwaukee Bucks' Loss Affects NBA Eastern Conference Odds

The Milwaukee Bucks entered as the NBA Finals favorites, but following a 4-1 series loss to the Miami Heat, that has shaken up things.

Let's look at how the NBA betting odds have shifted.

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Boston Celtics Move Up as NBA Favorites

Boston is now as low as +140 to win it all at DraftKings Sportsbook.

That is the first time a team has been under +200 in the NBA title futures market this season. The Celtics are even shorter favorites to win the Eastern Conference at -175.

Despite being the favorite, Boston still has work to get out of the first round. After failing to clinch the series at home in Game 5 against the Atlanta Hawks, the Celtics head to Atlanta tonight for another chance to close the series. Boston is a seven-point favorite at DraftKings.

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Historic Loss for the Milwaukee Bucks

With the win over the Bucks, the Heat recorded the fourth-biggest upset series in NBA history since 1988 when series odds were tracked.

The Bucks were -1200 favorites, trailing only the 1994 Seattle Sonics (-2000), 2007 Dallas Mavericks (-1800) and 2012 Chicago Bulls (-1400).

The Denver Nuggets defeated Seattle, while the Golden State Warriors topped the Mavericks and Philadelphia 76eers beat the Bulls.

Milwaukee started the postseason as the overall NBA title betting favorite at just +230. Even down 3-1, the Bucks still were near the top of the odds board at +550.

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NBA Western Conference Favorites

The next two favorites to win the title are in the Western Conference with the Phoenix Suns at +390 at FanDuel and the Golden State Warriors sitting at +500.

Golden State has seen the biggest recent jump in the odds market. The Warriors started the postseason at +800 but rose as high as +1100 after falling down 2-0 to the Sacramento Kings. But three straight wins put the Warriors amongst the favorites at +500.

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Long shots to Win the NBA Title

Both the Heat and the New York Knicks were long shots at the start of the postseason. Miami was +10000 to win it all, and the Knicks were listed at +9000. Now, one of those teams will at least make the Eastern Conference Finals with the Knicks and Heat set to face off in the second round.

After advancing, both teams saw their odds drastically decrease; the Heat are now at +3500 and the Knicks are at +2000.