Denver Nuggets Championship Odds & Other Futures: November 2023

Fact Checked by Blake Weishaar

Allow us to remind you that the Denver Nuggets won 10 of their final 11 games last season. In May and June, when only four teams were playing, then two. We learned back then who the real MVP was, and he was from Serbia, not Cameroon.

So as you prepare for the upcoming 2023-24 season, remember just how powerful that Denver Nuggets team was in the Western Conference finals against the Lakers, then in the NBA Finals against the Miami Heat when Nikola Jokic was Finals MVP. 

Here, you'll find odds for the Denver Nuggets NBA Championship, Western Conference, NBA Playoffs, MVP and more from Colorado sportsbooks

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Latest Nuggets Odds: Championship, Western Conference & More

Despite their dominance, the Denver Nuggets are not currently favored to win the next NBA championship. That distinction belongs to the Milwaukee Bucks and Boston Celtics, both of whom on the board at FanDuel Colorado at +550. The Nuggets are the third choice at +550, mostly because the competition has improved in the West. 

However, recall that there are Colorado sports betting promos that could boost those odds, and in turn, your bankroll. 

✅ NBA Championship Odds:+550
🔥 Odds to Win Conference:+245
⭐️ Odds to Win Division:-390
👑 Nikola Jokic MVP Odds:+430
🏆 Win Total:52.5
✅ Odds Last Verified:November 29, 2023

Current NBA Championship Odds: 2023-2024 Season

Oddsmakers like Caesars Sportsbook Colorado may be giving gamblers an opportunity for the Nuggets Championship Odds if this season plays out the same way last season did. 

The thing is, all of the Nuggets' main competition in the West improved, and the Boston Celtics and Milwauee Bucks made big moves: Boston picking up Kristaps Porzingis and Jrue Holiday, and Milwaukee landing Damian Lillard.

Nikola Jokic MVP Odds

Because of his dominance in the NBA Finals, "The Joker" is the preseason favorite at sportsbooks like BetMGM Colorado to win the NBA MVP award for the third time in four years, and it is difficult to bet against him. 

The guy came within two-tenths of an assist of averaging a triple double last season, something only Oscar Robertson and Russell Westbrook have done before.

  • Nikola Jokic: +430
  • Luka Doncic: +550
  • Giannis Antetokounmpo: +650
  • Jayson Tatum: +750
  • Joel Embiid: +850
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Nuggets 2023-2024 Season

The Nuggets return pretty much the same team that won the NBA Finals in five games, with the biggest departure being Bruce Brown's exit for Indiana in free agency; the biggest addition being Justin Holiday from the Dallas Mavericks. Denver finished last season 53-29, which was only the fourth-best record in the NBA. 

That is because the East was weak and remains that way, while the competition out West most definitely got tougher. Finishing first overall is still the goal, and as we learned with Miami going from a No. 8 seed to the finals, the postseason is a whole different animal. But if the Nuggets stay healthy, their status as defending champs certainly makes team the team to beat.

Denver Nuggets Key Updates

  • 📆 Oct. 24: The Denver Nuggets opened the 2023-2024 NBA season against the Los Angeles Lakers, winning 119-107 with Nikola Jokic having a triple double: 29-13-11.
  • 📆 Oct. 11: Learned the sad news that Brendan Malone, father of coach Michael Malone, had passed away at age 81.
  • 📆 July 16: Re-signed unrestricted free agent point guard Reggie Jackson, brining him back for his second season in Denver.
  • 📆 July 6: Signed free agent guard Justin Holiday, who will be playing for his 11th NBA team.
  • 📆 June 22: Acquired the rights to forward Julian Strawther, the 29th overall pick, Jaylen Pickett, the 32nd overall pick, and Hunter Tyson, the 40th overall pick, as part of a four-team trade with Indiana, the Lakers and Oklahoma City,

Betting on the Denver Nuggets

This team was a terrific NBA Championship bet last preseason when they were +1800 to do something no Denver Nuggets team had ever done before: Win a championship

Those with clear crystal balls got paid handsomely, and the trick this year is figuring out if someone has caught up to them after an offseason of massive player movement brought Bradley Beal to the Phoenix Suns to make them good enough to begin the season as co-favorites with Denver as the second wagering choice behind Boston and Milwaukee. 

Of the Top 10 teams on the FanDuel Colorado NBA championship odds list, 7 are from the West.

How to Bet on the Denver Nuggets

Pick from one of the many legal sportsbooks operating in the state of Colorado (there are almost two dozen), and then carefully pick out the markets you want to wager in. With their recent launch you can jump on the ESPN BET Colorado promo code right away. If you like the Denver Nuggets but do not love them, use that as part of your wagering strategy as you choose where you want to back them and where you want to tread lightly. There is no shortage of wagering choices.

Top Promos to Use For Nuggets Today

BetMGM offers one of the best promotions for the Denver Nuggets or any other NBA team with the Bet $10 Get $200 instantly promo. Just enter bonus code STATESFB200 and make a minimum bet of $10 to receive $200 in bonus bets instantly. 

Additionally, Caesars Sportsbook is offering up to a $1,000 bonus bet to new Colorado customers whose first bet loses. Use the promo code BETCO1000 to get that promotion before the regular season begins.

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Denver Nuggets Team & Franchise History

  • Nuggets All-Time NBA Finals Record: 1-0
  • Nuggets All-Time Western Conference Finals Record: 1-4
  • Nuggets Western Conference Finals Appearances: 5
  • Nuggets All-Time NBA Playoffs Record: 98-131
  • Nuggets NBA Playoffs Appearances: 29

How many times have the Nuggets won the NBA Championship?

Last season's NBA championship was the first in franchise history for the Denver Nuggets, making the Nuggets the second of the four former ABA franchises to win a title (the San Antonio Spurs are the other). Denver also played for the final ABA championship in 1976, losing to the New York Nets in six games.

How many times have the Nuggets made the NBA Finals?

Last season was the first and only time that the Nuggets have played for the NBA championship. They had never even competed in a Game 7 in the Western Conference finals prior to that.

How many times have the Nuggets made the playoffs?

If you include their ABA years, the Denver Nuggets have made the NBA playoffs 36 times. As an NBA franchise (following the merger of the two leagues in 1976), they have been to the postseason 29 times.

Denver Nuggets Odds FAQs


Chris Sheridan is a veteran NBA Writer who has been covering the league since 1992, with a specialty in international basketball after being credentialed for every Olympics since 1996-Atlanta. He has been writing in the sports gambling journalism space since PASPA was overturned in 2018, and age 58 he still can drain the 3-pointer and can dunk with the help of a ladder.

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