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Updated NBA Finals Odds Ahead of the 2022 Playoffs

| April 6, 2022 7:35 am PDT
2022 NBA Finals logo, team logos: Phoenix Suns, Milwaukee Bucks, Brooklyn Nets, Golden State Warriors, and Boston Celtics, NBA Players

The 2021-22 NBA regular season is coming to a close. We’ve reached the final week, as the play-in tournament and NBA playoffs are a week away.

We have a good idea of which teams will be in the playoffs vs. the play-in tournament. However, seeding is up for grabs in both conferences. The 2022 NBA Finals odds should help determine which teams are contenders.

Every NBA playoff team has one goal in mind. Win the NBA Championship. Can the Milwaukee Bucks repeat, or will another team claim the title? Check out the 2022 NBA Finals betting odds, along with my analysis, some potential NBA Finals matchups, and more.

Latest NBA Finals Odds for 2022

The updated NBA Finals don’t have much movement at the top. The Phoenix Suns look strong as they aim to avenge their 2021 NBA Finals loss to the Milwaukee Bucks.

It’s interesting to see the likely play-in teams with (+10000) odds or worse. However, that doesn’t apply to the Brooklyn Nets. They have (+650) odds, despite clinching a spot in the play-in tournament. How will Ben Simmons’ absence affect their NBA playoff odds?

The Miami Heat and Memphis Grizzlies are top-three in the NBA, but their odds are outside the top-six. The sportsbooks aren’t giving either team much respect.

BetUS gives us the current NBA Finals odds. Make sure you check them out to wager on the 2022 NBA Finals.

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2022 NBA Finals Contenders Going into Playoffs

The 2022 NBA Finals betting odds show that eight teams have separated themselves as NBA Finals contenders. Let’s talk about the true contenders for the 2022 NBA Finals.

Phoenix Suns (+300)

Chris Paul

You cannot talk about the 2022 NBA Finals odds and not mention the Phoenix Suns. Phoenix has essentially been the best team all season. They answered a 1-3 start with an 18-game win streak.

Phoenix hasn’t looked back, leading the NBA with a 62-16 record. They only need one more victory to clinch the franchise record for most wins in a season. They’ll enter the playoffs as the NBA Finals’ favorite.

There’s not much to dislike about this Suns team. They have one of the best offenses in the NBA while sporting a top 10 defense.

Devin Booker, Chris Paul, and DeAndre Ayton have led the Suns. In early March, the 2022 NBA MVP odds had Booker as a (+2000) longshot to win. Check out his numbers in March.

  • 30.1 points
  • 6.1 assists
  • 4.3 rebounds
  • 1.3 steals
  • 52.5 field goal percentage

Between his numbers and the Suns’ team success, you would think that Booker would be one of the top MVP contenders. The top NBA betting sites have him a distant fourth or fifth. I don’t understand it, but Booker would probably rather win the NBA Finals anyway.

I’d say the biggest difference between last year’s Suns team and this year is their depth.

Booker and Paul are having great seasons, but Ayton, Mikal Bridges, and Cameron Johnson have taken a big step forward. I’ll always prefer a team that relies on their depth instead of two superstars.

Bridges is one of the top contenders for Defensive Player of the Year. Johnson is shooting 43.6 percent from the three-point range.

It’s hard to find a weakness with this Suns team. They’re much better than the team that made the 2021 NBA Finals. I wouldn’t want to face them in the playoffs.

Milwaukee Bucks (+500)

The Milwaukee Bucks were the only team to defeat the Phoenix Suns in the 2021 playoffs. The latest NBA Finals odds indicate they have the best chance to knock them off in 2022.

Milwaukee might not have as much balance as Phoenix, but their offense is slightly ahead. The primary reason for that is none other than two-time MVP Giannis Antetokounmpo.

Antetokounmpo is in the midst of another great season. He’s averaging 30.1 points, 11.6 rebounds, and 5.8 assists. Last season, he showed everyone what he was capable of in the NBA Finals.

Nikola Jokic and Joel Embiid have taken the spotlight as the 2022 NBA MVP, but many believe Antetokounmpo should win the award. Like Devin Booker, he’d probably rather win the NBA Title.

The Bucks have plenty of depth, but the biggest question is, who will they turn to as their second star? Khris Middleton is the obvious choice, but his numbers are slightly down. Because of that, I’m keeping my eye on Jrue Holiday.

Holiday is one of those players that doesn’t receive much recognition, but he goes out there and puts up consistent numbers. Check out his numbers since the all-star break.

  • 20.3 points
  • 7.4 assists
  • 4.3 rebounds
  • 2.3 steals
  • 44.0 three-point percentage

Milwaukee could enter the playoffs with a legit big three. That could be enough to consider the 2022 NBA Finals prediction to have the Bucks winning back-to-back championships.

The biggest knock on the Bucks is they aren’t a great defensive team. They rank outside the top 15 in points allowed and field goal percentage. It’s not ideal, but they dealt with the same issues in 2021. That didn’t stop them from winning the NBA Finals.

Will it affect their chances to win the 2022 NBA Finals?

Boston Celtics (+900)

The Boston Celtics have significantly changed their 2022 NBA Finals betting odds. They weren’t even an NBA Finals sleeper in January, as they were under .500.

Following a road victory over the New Orleans Pelicans on January 29, Jaylen Brown tweeted, “The energy is about to shift.”

Let’s check out their numbers since that tweet.

  • 23-5 record
  • 6 points per game
  • 3 points allowed per game
  • +14.3 points margin

Boston has been dominating teams on both ends of the floor. They have the best record in that stretch, allowed the fewest points, and have the highest points margin. I’d say their energy has shifted.

The Celtics’ defense has been the driving force behind their run. Marcus Smart has been the leader as he makes a late push for Defensive Player of the Year. Smart averages 1.7 steals and is one of the most versatile defenders in the league. That’ll be big in the playoffs, as Boston faces numerous superstars.

Boston has been great on defense, but we can’t forget about their offense. They have two elite players in Brown and Jayson Tatum. Check out Tatum’s numbers since the all-star break.

Jayson Tatum
  • 31.1 points
  • 6.7 rebounds
  • 5.0 assists
  • 50.7 field goal percentage
  • 41.3 three-point percentage

Tatum never quite lived up to the MVP hype, but he is playing his best basketball at the right time. A lot has gone into the Celtics’ turnaround, but Tatum is the primary reason their offense is among the best in the league.

Boston has been blowing teams out over the last two months. I doubt that’ll continue in the playoffs, but they’ll be dangerous. It wouldn’t surprise me if they represented the Eastern Conference in the NBA Finals.

Top NBA Finals Sleepers for 2022

I imagine most people have their eye on the top teams, but it’s not unprecedented to see a sleeper make a run at the NBA Title. Let’s see how the 2022 NBA Finals’ odds view the top sleepers.

Utah Jazz (+2500)

The Utah Jazz hasn’t been able to replicate their great 2020-21 regular season, but they’ll likely avoid the play-in tournament. I believe Utah can make a surprise run to the NBA Finals as long as they do that.

Rumors are swirling about Donovan Mitchell and Rudy Gobert not playing well together.

Utah Jazz logo

People can read into that, but I’m not worried about it. People might not realize that Mitchell is averaging 26.1 points on a career-high 45.9 percent shooting. Gobert is having another Defensive Player of the Year caliber season.

We also can’t forget about Mitchell’s expertise in the postseason. Across the last two playoffs, Mitchell is averaging 34.3 points on 47.6 percent three-point shooting.

Utah’s offense goes well beyond Mitchell. Bojan Bogdanovic, Jordan Clarkson, and Mike Conley are averaging over 13 points. Clarkson has struggled with his three-point shot, but Bogdanovic and Conley are shooting over 38 percent.

I like the Jazz as a sleeper because of their path to the NBA Finals.

Utah would draw a reeling Golden State Warriors team in the first round. They potentially wouldn’t have to play the Phoenix Suns until the Western Conference Final.

Chicago Bulls (+6600)

All season, the Chicago Bulls have been among the top five teams in the Eastern Conference. However, their odds are among the biggest longshots of Eastern Conference teams not in the play-in tournament.

Chicago has been a great team, and they have stars in DeMar DeRozan, Zach LaVine, and Nikola Vucevic. So why do the latest NBA Finals odds have them at (+6600)? Well, they haven’t been good against the elite Eastern Conference teams.

Chicago Bulls logo
  • Miami Heat: 0-4
  • Boston Celtics: 1-1
  • Milwaukee Bucks: 0-3
  • Philadelphia 76ers: 0-4

There’s a strong chance the Bulls will have to play at least one of those teams if they want to make the NBA Finals. Can they beat any of those teams in a seven-game series?

It would take a lot for the Bulls to make the NBA Finals. I’m not too confident in their chances, but they offer way too much value not to bet on.

DeRozan and LaVine give the Bulls two elite scorers. Chicago would love to have Lonzo Ball back, and it sounds like he could return for the playoffs. He and Alex Caruso are important for the Bulls’ defense.

Possible NBA Finals Matchups for 2022

NBA logo

The current NBA Finals odds have these teams among the top contenders to win it all. Because of that, it’s not surprising to see them among the top NBA Finals matchups.

We know the Phoenix Suns are the NBA Finals’ favorite. Therefore, it shouldn’t surprise anyone to see them being among the top four NBA Finals matchups. The odds tell us we’re heading towards a 2021 NBA Finals rematch.

I didn’t talk about the Golden State Warriors or Memphis Grizzlies, but they’re the top challengers for the Suns. Memphis has a better record, but Golden State’s playoff pedigree makes them dangerous.

Make sure you visit Bovada to wager on the NBA Finals matchups and ensuing NBA Finals props.

Early 2022 NBA Finals Prop Bets

It’s never too early to check out a few NBA Finals prop bets. Let’s see what Bovada has to offer.

Possible NBA Finals Matchup – Divisions

Atlantic vs. Pacific+115
Central vs. Pacific+375
Southeast vs. Pacific+700
Atlantic vs. Southwest+750
Atlantic vs. Northwest+800
Central vs. Northwest+1800
Central vs. Southwest+1800
Southeast vs. Northwest+3000
Southeast vs. Southwest+3000

The divisional NBA Finals matchup is an extension of the previous section. The Atlantic vs. Pacific would feature an NBA Finals matchup between the Phoenix Suns/Golden State Warriors vs. the Boston Celtics/Philadelphia 76ers/Brooklyn Nets.

I don’t hate the Southeast vs. Southwest for (+3000). That would likely feature an NBA Finals with the Miami Heat vs. the Memphis Grizzlies.

State of Winning Team – NBA Finals

Any Other State-250
New York+600

Which state will represent the winner of the 2022 NBA Finals? California is the only state that will likely have two teams. The LA Clippers probably won’t make the NBA Finals, so this comes down to the Golden State Warriors.

Any other state doesn’t give you any value, but it seems like a wise play. It represents the Phoenix Suns, Milwaukee Bucks, Boston Celtics, and other top teams.

Texas isn’t a great bet considering you can find more value by betting on the Dallas Mavericks.

2022 NBA Finals – Winning Conference

Eastern Conference-115
Western Conference-115

This NBA Finals betting prop gives you eight options for each conference. The Western Conference has the best team in the Phoenix Suns and a Golden State Warriors team with a ton of playoff experience.

However, the Eastern Conference has four NBA Finals caliber teams. Is their top four enough to overcome the Suns and Warriors?

The biggest wildcards for this one are the Brooklyn Nets and Memphis Grizzlies. Brooklyn is in the play-in tournament, but they have the talent to make a run. Will Memphis’ playoff inexperience catch up with them?

NBA Finals 2022 – Winning Division

Pacific Division+160
Atlantic Division+200
Central Division+550
Northwest Division+1000
Southeast Division+1000
Southwest Division+1100

This one comes down to quality vs. quantity. The Pacific Division has the Phoenix Suns and Golden State Warriors, but the Atlantic Division counters with the Brooklyn Nets, Boston Celtics, and Philadelphia 76ers.

I don’t think the Northwest or Southwest are bad options. The Northwest features the Utah Jazz and Denver Nuggets, while the Southwest gives you the Memphis Grizzlies and Dallas Mavericks.

The NBA Finals props above can all be found at Bovada.Bet on the NBA Finals at Bovada

Betting on the NBA Finals in 2022

The 2022 NBA Finals odds have the Phoenix Suns entering the playoffs as the favorite. Phoenix has looked strong all season, and they haven’t shown signs of slowing down.

Who will win the 2022 NBA Finals? That’s a question we’ll be asking ourselves for the next two months. I picked the Suns at the all-star break, and I’m sticking with that prediction.

The NBA playoffs will begin in less than two weeks. Make sure you check out our NBA blogs for the latest playoff updates. Don’t forget there is money to be made in the WNBA, too. The new season is just around the corner, so take a look at my 2022 WNBA Finals mock draft below.

Full 3-Round Mock for the 2022 WNBA Draft

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Nicholas Sterling

Nicholas has been a Sports Writer with GamblingSites.com since May 2021. He has a rich sports background, writing about NASCAR, NFL, NBA, MLB, NHL, Golf, etc. Nick is always ready for a new challenge.

He enjoys rooting on D.C. sports teams, including the Commanders, Wizards, and Capitals.

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