Cash
Portfolio
TrendingMidtermsElectionsPoliticsSportsCultureCryptoCommoditiesClimateEconomicsMentionsFinanceTech & Science
PredictLive132AccountSocial
MARKETSINVESTLIVE132
Product
Kalshi ProInvestMarketsIncentive programSmall business hedgingInstitutionsAPI & developers
Company
AboutKalshi ResearchBlogCareersPolicy CenterBrand Kit
Help
Help CenterFAQFee scheduleTrading hoursRegulatoryTrust Center
© 2026 Kalshi Inc. · All rights reserved
PrivacyData Terms of ServiceTrading ProhibitionsFAQ for Finance Professionals
Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Information is provided for convenience only on an "AS IS" basis. Past performance is not necessarily indicative of future results. Kalshi is subject to U.S. regulatory oversight by the CFTC.
  1. Home
  2. ·
  3. NBA
  4. ·
  5. Championship Odds

NBA Championship Odds 2026-27

Kalshi's market-implied chance of each NBA team winning the 2026-27 championship. The San Antonio Spurs lead the board at 22%, ahead of all 30 teams priced on the same question.
Live marketUpdated today at 11:25 PM ET
Where these numbers come from: Each figure is the market price of that club’s title contract — the mid-market quote where the book is tight, otherwise the last trade. Prices are not a forecast from Kalshi; they are what traders are paying.
TITLE ODDS

2026-27 NBA title odds, best price first

30 of 30 teams priced.
2026-27 NBA title odds, best price first
TeamTitle odds7dConferenceTrade
1SA Spurs22%−2pp34%Yes 22¢
2OKC Thunder15%−2pp21%Yes 15¢
3PHI 76ers12%−2pp22%Yes 13¢
4BOS Celtics8%+1pp18%Yes 8¢
5NY Knicks7%+1pp19%Yes 7¢
6HOU Rockets6%−3pp12%Yes 6¢
7MIN Timberwolves6%+2pp9%Yes 6¢
8GS Warriors5%+3pp7%Yes 5¢
9DET Pistons4%−1pp11%Yes 4¢
10LAL Lakers4%+1pp8%Yes 4¢
11TOR Raptors4%+1pp10%Yes 4¢
12CLE Cavaliers3%+1pp6%Yes 3¢
13DEN Nuggets3%+1pp6%Yes 3¢
14ATL Hawks2%+1pp4%Yes 2¢
15DAL Mavericks2%+1pp2%Yes 2¢
16IND Pacers2%−1pp4%Yes 2¢
17MIA Heat2%−1pp5%Yes 2¢
18POR Trail Blazers2%−2pp4%Yes 2¢
19BKN Nets<1%−1pp<1%Yes 1¢
20CHA Hornets<1%−1pp2%Yes 1¢
21CHI Bulls<1%−1pp<1%Yes 1¢
22LAC Clippers<1%−1pp<1%Yes 1¢
23MEM Grizzlies<1%−1pp2%Yes 1¢
24MIL Bucks<1%−1pp<1%Yes 1¢
25NO Pelicans<1%−1pp<1%Yes 1¢
26ORL Magic<1%−1pp2%Yes 1¢
27PHX Suns<1%−1pp<1%Yes 1¢
28SAC Kings<1%−1pp<1%Yes 1¢
29UTA Jazz<1%−1pp<1%Yes 1¢
30WSH Wizards<1%−1pp2%Yes 1¢
THE SPLIT

Who wins the Finals once they get there?

East against West, the favourite against the field and each contender’s title price against its conference price. The steeper a club sits on the chart, the likelier the market thinks it is to win a Finals it reaches.
East vs. West40% – 60%The market’s chance the title goes East, against the West: the West is favoured
The favourite vs. the field20%The San Antonio Spurs, about 1 in 5; the other clubs share the rest
Half the title chance4 clubsHow many clubs, likeliest first, hold half the market’s title chance between them
Surest in the Finals71%What the market gives the Oklahoma City Thunder to win the Finals once they reach it, the most of the 13 clubs priced at 5% or more to win their conference
2026-27 · As of Nov 10, 2026

NBA conference price vs. title price

Price to win the title →
0%5%10%15%20%0%10%20%30%ThunderOklahoma City Thunder21% to win the West15% to win the title71% to win the Finals once thereWarriorsGolden State Warriors7% to win the West5% to win the title69% to win the Finals once thereSpursSan Antonio Spurs34% to win the West22% to win the title64% to win the Finals once thereMinnesota Timberwolves9% to win the West6% to win the title61% to win the Finals once therePhiladelphia 76ers22% to win the East12% to win the title56% to win the Finals once thereHouston Rockets12% to win the West6% to win the title48% to win the Finals once thereLos Angeles Lakers8% to win the West4% to win the title47% to win the Finals once thereCleveland Cavaliers6% to win the East3% to win the title45% to win the Finals once thereDenver Nuggets6% to win the West3% to win the title45% to win the Finals once thereBoston Celtics18% to win the East8% to win the title43% to win the Finals once thereToronto Raptors10% to win the East4% to win the title37% to win the Finals once thereKnicksNew York Knicks19% to win the East7% to win the title35% to win the Finals once therePistonsDetroit Pistons11% to win the East4% to win the title33% to win the Finals once there
Price to win the conference →
Swipe sideways to see the whole chart →
Surest in the FinalsThe market’s chance each club wins the Finals once it gets there
  1. 1Oklahoma City Thunder71% in the Finals21% to get thereYes 15¢
  2. 2Golden State Warriors69% in the Finals7% to get thereYes 5¢
  3. 3San Antonio Spurs64% in the Finals34% to get thereYes 22¢
  4. 4Minnesota Timberwolves61% in the Finals9% to get thereYes 6¢
  5. 5Philadelphia 76ers56% in the Finals22% to get thereYes 13¢
Shakiest in the FinalsContenders the market expects to struggle against the other conference
  1. 1Detroit Pistons33% in the Finals11% to get thereYes 4¢
  2. 2New York Knicks35% in the Finals19% to get thereYes 7¢
  3. 3Toronto Raptors37% in the Finals10% to get thereYes 4¢
  4. 4Boston Celtics43% in the Finals18% to get thereYes 8¢
  5. 5Denver Nuggets45% in the Finals6% to get thereYes 3¢
METHOD

How these odds work

Every figure on this page is a live Kalshi market price. A contract on the 2026-27 NBA champion pays out at 100¢ if that club wins the title and nothing if it does not, so its price in cents reads directly as the market's implied chance in percent.

The board is ordered by that price, using the exact quote rather than the rounded figure printed in the column — two clubs a hundredth of a point apart would otherwise swap places between refreshes.

The conference column prices a strictly weaker claim: reaching the Finals rather than winning them. The gap between a club’s two numbers is roughly what the market implies about its chance of reaching the Finals and losing — not its chance of losing once it is there, which would be that gap measured against the conference price rather than against 100. The two contracts are also quoted independently, so the difference is an observation about two markets rather than a figure either one states.

A club’s Finals chance is its title price divided by its conference price: of the times the market expects it to reach the Finals, the share it expects the club to win. Only clubs priced at 5% or more to win their conference get one, because below that both prices sit a cent or two off the floor and their ratio means nothing. East against West, the favourite against the field and the half-the-chance count scale every title price down so the league adds to exactly 100% — raw prices add to more, because a longshot cannot trade below a cent.

FAQ

Questions

Who is favourite to win the 2026-27 NBA championship?
The San Antonio Spurs lead at 22% on Kalshi. That is the market price of their title contract, not a Kalshi forecast — it moves whenever traders disagree with it.
How are these NBA championship odds calculated?
They are not calculated — they are prices. Each club has a contract that pays 100¢ if it wins the title, so the price traders are willing to pay reads directly as an implied percentage. Where the bid and ask are close the page shows the midpoint; otherwise it shows the last trade.
What is the difference between the title and conference columns?
The title column prices winning the championship. The conference column prices only reaching the Finals, which is easier, so it is normally the higher of the two. The difference between them is roughly the market’s implied chance that the club reaches the Finals and loses. It is not the chance of losing the Finals having got there — that would be the difference measured against the conference price, not against 100 — and because the two contracts are quoted independently the difference is an observation about two markets rather than a number either states.
Do these odds add up to 100%?
Close to it, but not exactly, and the board does not normalise them. Each club’s contract is priced independently by traders, and the figures here are not all the same kind of observation — a tight book shows its midpoint, a wide one the last trade — so the column can sum a little above or a little below 100%. The gap is what independent pricing leaves behind, not a fee and not the cost of buying the field.
Is the East or the West favoured to win the 2026-27 NBA title?
The West: Kalshi's prices, scaled to add to 100%, give the Eastern Conference 40% and the Western Conference 60%.
Which NBA contender is likeliest to win the Finals if it gets there?
The Oklahoma City Thunder, of the 13 clubs priced at 5% or more to win their conference: 15% to win the title against 21% to win the West, so the market gives them 71% once they reach the Finals.
MORE

Related pages

NBA ChampionNBA power rankingsNBA markets
TEAMS

Every NBA team

  • Atlanta Hawks
  • Boston Celtics
  • Brooklyn Nets
  • Charlotte Hornets
  • Chicago Bulls
  • Cleveland Cavaliers
  • Dallas Mavericks
  • Denver Nuggets
  • Detroit Pistons
  • Golden State Warriors
  • Houston Rockets
  • Indiana Pacers
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Memphis Grizzlies
  • Miami Heat
  • Milwaukee Bucks
  • Minnesota Timberwolves
  • New Orleans Pelicans
  • New York Knicks
  • Oklahoma City Thunder
  • Orlando Magic
  • Philadelphia 76ers
  • Phoenix Suns
  • Portland Trail Blazers
  • Sacramento Kings
  • San Antonio Spurs
  • Toronto Raptors
  • Utah Jazz
  • Washington Wizards
NBA championship market

NBA Champion

Buy Yes if you think the team wins it. Buy No if you think it won't.
  • SA Spurs22%
    Yes 22¢No 79¢
  • OKC Thunder15%
    Yes 15¢No 86¢
  • PHI 76ers12%
    Yes 13¢No 89¢
  • BOS Celtics8%
    Yes 8¢No 93¢
  • NY Knicks7%
    Yes 7¢No 94¢
    • HOU Rockets6%
      Yes 6¢No 95¢
    • MIN Timberwolves6%
      Yes 6¢No 95¢
    • GS Warriors5%
      Yes 5¢No 96¢