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Updated NBA Finals Odds

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(TheSpread) – With free agency largely over, a new favorite has emerged when it comes to winning the 2015 NBA Finals.

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According to oddsmakers at Bovada.lv, the Cleveland Cavaliers are now favored, as they have 3/1 odds to win. The other short odds to win are the San Antonio Spurs (9/2), the Oklahoma City Thunder (13/2) and the Chicago Bulls (7/1).

Cleveland was just 33-49 last season, but the Cavaliers landed the gold mine of LeBron James in free agency. James is returning to the team to join Kyrie Irving and No. 1 pick Andrew Wiggins. David Blatt will be making his NBA coaching debut with this team.

The Spurs were 62-20 last season and won the NBA Championship in convincing fashion over LeBron and the Miami Heat. There was some speculations that Tim Duncan and Gregg Popovich may step away following the title, but both are back in a quest to repeat.

Oklahoma City went 59-23 last season and fell in the conference finals to the Spurs. The Thunder still have the defending NBA MVP in Kevin Durant, to go along with Russell Westbrook, but the Thunder seem to be lacking in something to push them over the edge.

Chicago went 48-34 last season, but lost in the opening round of the playoffs. The Bulls dealt with another big injury to Derrick Rose last season, but if he can stay healthy, Chicago should be strong. The team added Pau Gasol in free agency and picked up Doug McDermott in the NBA Draft.

Bet on NBA Futures Odds

For a complete look at each team’s odds to win the 2015 NBA Finals, see below.

2015 NBA Finals Odds To Win

Cleveland Cavaliers 3/1 

San Antonio Spurs 9/2 

Oklahoma City Thunder 13/2 

Chicago Bulls 7/1 

Houston Rockets 12/1 

Los Angeles Clippers 12/1 

Indiana Pacers 18/1 

Dallas Mavericks 20/1 

Golden State Warriors 20/1 

Miami Heat 25/1 

Washington Wizards 33/1 

New York Knicks 40/1 

Portland Trailblazers 40/1 

Charlotte Hornets 50/1 

Los Angeles Lakers 50/1 

Memphis Grizzlies 50/1 

Toronto Raptors 50/1 

Brooklyn Nets 66/1 

Denver Nuggets 75/1 

New Orleans Pelicans 75/1 

Phoenix Suns 75/1 

Atlanta Hawks 100/1 

Boston Celtics 100/1 

Minnesota Timberwolves 150/1 

Detroit Pistons 200/1 

Orlando Magic 200/1 

Sacramento Kings 250/1 

Utah Jazz 250/1 

Milwaukee Bucks 300/1 

Philadelphia 76ers 300/1

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