The Oklahoma City Thunder are heavily favored to win the 2025 NBA Finals, currently sitting at -700 odds in the futures market. This translates to an implied 87.5% chance of lifting the Larry O’Brien Trophy, according to oddsmakers.

The Thunder’s road to the Finals included a sweep of Memphis in the first round, followed by a hard-fought seven-game series victory over the Denver Nuggets. Oklahoma City then powered past the Minnesota Timberwolves in five games during the Western Conference Finals.

This marks the Thunder’s first return to the NBA Finals since 2012, when Kevin Durant, Russell Westbrook, and James Harden fell to LeBron James and the Miami Heat in a five-game series. This time, the Thunder have demonstrated they can both blow teams out and win close contests.

Meanwhile, in the Eastern Conference, the Indiana Pacers have had an impressive postseason run. They dispatched the Milwaukee Bucks in five games, swept top-seeded Cleveland in the second round, and defeated the New York Knicks 4-2 in the Eastern Conference Finals.

Team	Current Odds	Opening Odds
Oklahoma City Thunder	-700	+1000
Indiana Pacers	+500	+5000

Despite their strong performance, the Pacers are significant underdogs heading into the Finals. Indiana has never won an NBA title, while the Oklahoma City franchise’s lone championship came in 1979 when the team was based in Seattle.

Market movement has dramatically shifted in favor of Oklahoma City, with their Finals odds ballooning from -175 just two weeks ago to the current -700 mark. Handicappers now face a steep price to back the Thunder, making game-by-game betting an attractive alternative.

For those considering a wager on Indiana, analysts suggest waiting until after Game 1. Should the well-rested Thunder dominate the series opener, bettors could find improved value on the Pacers heading into Game 2.

With OKC now widely recognized as the best team in the league, the Finals promise both high stakes and strategic betting opportunities for fans and oddsmakers alike.