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2025 NBA Final Odds: Pacers Lead Series But Remain Underdogs
The Indiana Pacers secured a critical Game 3 win over the Oklahoma City Thunder, finishing with a 116-107 scoreline on Wednesday night. This gives Indiana a 2-1 advantage in the championship series. Despite the lead, most major sportsbooks continue to place the Pacers behind the Thunder in the race for the Larry O’Brien trophy. Game 4 is set to take place on Friday, June 13, at Gainbridge Fieldhouse in Indianapolis.
2025 NBA Final Odds
Teams that have won Game 3 of a tied NBA Finals have gone on to win the series nearly 81% of the time, based on the last 41 occurrences. That historical stat could favor Indiana, though they’ve surprisingly only held the lead for roughly 10% of the series’ total game time so far.
It’s also notable that Indiana, a No. 4 seed, is only the third team in that seed range or lower to lead 2-1 in the Finals over the past few decades — the last being the 1995 Rockets, who won the title as a sixth seed.
As for individual performances, Shai Gilgeous-Alexander remains in the mix for Finals MVP but has seen his odds tighten. Tyrese Haliburton, meanwhile, has seen a significant rise in betting interest following his impact in Game 3, now trailing only slightly behind in the MVP market. Pascal Siakam also remains a contender as the series unfolds.
NBA Finals MVP Favorites (2025)
| Player | Team | Odds |
|---|---|---|
| Shai Gilgeous-Alexander | Thunder | -230 |
| Tyrese Haliburton | Pacers | +300 |
| Pascal Siakam | Pacers | +750 |
| Jalen Williams | Thunder | 75-1 |
| Chet Holmgren | Thunder | 100-1 |
| Myles Turner | Pacers | 100-1 |
| Alex Caruso | Thunder | 300-1 |
| Aaron Nesmith | Pacers | 300-1 |
| Luguentz Dort | Thunder | 400-1 |
Other Odds (2025 NBA Final Odds)
| Category | Bet Type / Result | Odds |
|---|---|---|
| Series Spread | Thunder -1.5 | +200 |
| Thunder +1.5 | -450 | |
| Pacers +1.5 | -250 | |
| Pacers -1.5 | +340 | |
| Series Total Games | Over 6.5 Games | +105 |
| Under 6.5 Games | -125 | |
| Exact Series Games | Five Games | +900 |
| Six Games | +110 | |
| Seven Games | +105 | |
| Series Correct Score | Thunder 4-3 | +170 |
| Thunder 4-2 | +200 | |
| Pacers 4-3 | +750 | |
| Pacers 4-2 | +340 | |
| Pacers 4-1 | +900 |
Betting Trends for 2025 NBA Final Odds
While regular-season form influences early odds, playoff momentum and game-by-game performance often shift expectations. In recent years, several Finals series have wrapped up in six games.
Since 2003, Western Conference teams have won 12 of the last 21 titles, while top seeds have lifted the trophy 13 times in that same span. The 1995 Rockets remain the lowest-seeded team to win the championship in recent history — a fitting comparison to Indiana’s current underdog journey.
Expert analyst Severance has also evaluated Game 4 closely. He leans toward a low-scoring outcome and has spotlighted a crucial matchup detail that could make one side of the spread a high-confidence bet.
