The reigning champion Oklahoma City Thunder enter the 2025-26 season as the clear-cut favorite to lift the Larry O’Brien Trophy again.

Led by MVP Shai Gilgeous-Alexander and supported by Jalen Williams and Chet Holmgren, Oklahoma City boasts the NBA’s most balanced young core, one that already proved its championship mettle last season.

With continuity, depth, and a maturing roster, their odds of +210 make them the team to beat heading into the new campaign. If they manage to fend off injuries, a notable challenge from last spring, the Thunder could begin building something that resembles the league’s next dynasty.

Denver and Cleveland Close Behind

The Denver Nuggets have unfinished business. Nikola Jokić remains in peak form at age 30, and the front office bolstered his supporting cast with seasoned contributors like Cam Johnson and Jonas Valančiūnas.

Denver pushed Oklahoma City to seven games in last season’s Western Finals, suggesting a razor-thin gap between the two squads. This year’s Nuggets are deeper, steadier, and Jokić’s singular impact makes them the top threat to the reigning champs.

Over in the East, the Cleveland Cavaliers headline their conference. With Donovan Mitchell continuing his ascent and Evan Mobley evolving defensively, Cleveland’s powerful backcourt-frontcourt balance has made it a legitimate Finals candidate.

Their odds reflect that, sitting just behind Denver’s, as they aim to bring a championship back to Ohio for the first time since 2016.

The Knicks, Rockets, and Lakers Lurk

The New York Knicks have quietly evolved from playoff staple to bona fide contender. Jalen Brunson’s leadership and a bolstered rotation featuring Mikal Bridges and OG Anunoby give them versatility on both ends.

The Houston Rockets, after adding veteran Kevin Durant, round out the top six favorites thanks to a blend of youthful energy and championship pedigree. Meanwhile, the Los Angeles Lakers, with Luka Dončić and LeBron James forming a generational duo, remain a dangerous veteran squad poised to disrupt anyone’s postseason dream.

As the 2025-26 NBA season tips off, competitive balance reigns supreme. The Thunder’s repeat ambitions are real, but the crown is far from safe in this era of relentless parity.