Nuggets Look to Defend NBA Title as One of League Favorites

Nuggets Look to Defend NBA Title as One of League Favorites
Fact Checked by Michael Peters

It’s been a few months since Denver broke through and won the franchise’s first NBA championship in five games over Miami.

Fresh off a marathon playoff race that featured series wins over Minnesota, Phoenix, the L.A. Lakers and the Heat, the Nuggets are back and looking to become the first team to win consecutive titles since the Warriors in 2017 and 2018.

Entering the season, Denver ranks third at Colorado sportsbooks when it comes to NBA title odds at +500, behind Milwaukee and Boston (both at +400). Ahead of the Nuggets’ regular season opener against the L.A. Lakers on Oct. 24, BetColorado.com took a look at where recent champions ranked in the preseason.

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Preseason Odds for NBA Title Teams

Year Champ Preseason Odds/Rank
2023Denver+1800/T9th
2022Golden State+900/T3th
2021Milwaukee+550/2nd
2020L.A. Lakers+450/2nd
2019Toronto+1850/5th
2018Golden State-187/1st
2017Golden State-128/1st
2016Cleveland+280/1st
2015Golden State+2800/9th
2014San Antonio+1200/T4th
2013Miami+225/1st
2012Miami+225/1st
2011Dallas+2000/7th
2010L.A. Lakers+225/1st
2009L.A. Lakers+350/T1st
2008Boston+1000/T5th
2007San Antonio+450/2nd
2006Miami+350/2nd
2005San Antonio+400/1st
2004Detroit+1500/T7th
2003San Antonio+1100/T4th
2002L.A. Lakers+200/1st
2001L.A. Lakers+180/1st
2000L.A. Lakers+180/1st

You can take advantage of the Nuggets being the biggest division favorite on the board — -400 to win the Northwest Division — by using Colorado sportsbook promo codes.

Where Nuggets Stand Entering 2023

Since 2000, the average preseason odds of the NBA champion were +755, with the longest shot being 2015 Golden State (+2800) and the shortest being the 2018 Warriors (-187).

The Nuggets’ current +500 title odds at Colorado betting apps would place them between 2007 San Antonio and the 2020 L.A. Lakers, who were +450 apiece, and 2021 Milwaukee, which entered its title year at +550.

Denver faces much longer repeat odds than the Warriors did in 2018, when they were the league favorite to win it all at -187, while Miami was +225 in its title defense season in 2013. The Lakers were +225 in 2010, +180 in 2001 and +200 in 2002 when they were looking to repeat as champs. 

NBA Championship Odds

Team Odds
Boston+400
Milwaukee+400
Denver+550
Phoenix+650
L.A. Lakers+1300
Golden State+1400
L.A. Clippers+2000
Philadelphia+2000
Cleveland+2500
Dallas+2500
Memphis+2500
Odds provided by BetMGM Colorado.
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Author

Christopher Boan has been covering sports and sports betting for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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