2017 NBA Championship Futures and Theoretical Hold Percentage

The 2017 NBA Playoffs tip-off this Saturday, and many bettors will be flocking to their sportsbook to place a wager on the championship winner. This bet type has seen a sharp rise in popularity due to the large potential payouts, but there are several potential pitfalls to betting futures.

Many sportsbooks take low limits on these futures, and it’s less than ideal to have your funds tied up for months while awaiting the payout. Additionally, some sportsbooks have very high hold percentages and the numbers often vary tremendously from book to book. That’s why it’s so crucial to shop for the best line before placing a wager.

The table below displays the current NBA Championship odds from several prominent offshore sportsbooks and one Las Vegas sportsbook.

Team 5Dimes BetOnline Bookmaker Bovada Greek Heritage Paddy Power Pinnacle Sportsbk SIA Westgate
Golden State Warriors -150 -180 -192 -160 -225 -155 -135 -175 -220 -175 -200
Cleveland Cavaliers 340 350 +312 333 300 350 400 330 400 300 350
San Antonio Spurs 845 700 780 600 800 840 700 849 900 800 900
Boston Celtics 2000 1600 1600 1600 2000 2050 1400 2177 2000 2000 2000
Houston Rockets 2475 1600 2200 1600 2000 2500 1700 2392 3000 2000 2500
Toronto Raptors 3750 4000 3300 3300 3000 4500 3300 3258 3500 2000 4000
Washington Wizards 4500 4000 3850 4000 4500 5000 3500 4344 5000 4500 3500
Los Angeles Clippers 5000 2800 4000 5000 3000 5000 3300 3258 3000 3500 2500
Utah Jazz 6600 6600 6500 6600 10000 6625 5500 6511 15000 10000 10000
Oklahoma City Thunder 10000 8000 12000 6600 15000 10000 7500 8678 22500 15000 10000
Memphis Grizzlies 15000 10000 17500 15000 25000 15000 15000 13013 25000 25000 20000
Milwaukee Bucks 25000 15000 17500 25000 17500 25000 15000 21684 15000 N/A 20000
Indiana Pacers 25000 15000 20000 25000 25000 25000 17500 13013 25000 25000 20000
Atlanta Hawks 25000 15000 20000 25000 25000 25000 9000 19515 25000 25000 20000
Portland Trail Blazers 30000 12500 24500 30000 30000 30000 22500 21684 30000 30000 30000
Chicago Bulls 30000 20000 21500 25000 15000 30000 22500 21684 15000 15000 20000

There are some major discrepancies between these books, and that highlights the importance of having access to multiple sportsbooks in order to maximize profits. As an example, the Warriors are available at -135 at Paddy Power and -225 at The Greek. The Clippers are +2800 at BetOnline, but they’re listed at +5000 at both 5Dimes and Bovada. That means a $100 wager on Los Angeles could potentially yield an additional $2,200 by simply shopping for the best line.

Historically we have found that Las Vegas sportsbooks typically have a higher theoretical hold percentage than offshore sportsbooks, but that’s not the case this year. When we examined theoretical hold percentages for the Super Bowl odds, several Las Vegas sportsbooks had hold percentages of greater than 50%. Although we only examined odds from one Las Vegas sportsbook (Westgate Superbook), their hold percentage ranked right in the middle of the pack.

It’s important to note that the limits differ dramatically from book to book. For example, Bovada (a square sportsbook) won’t accept wagers of more than $1,000 on futures while Bookmaker or Pinnacle (both market-setting sportsbooks) take $50,000 limits.

The list below displays the hold percentage at each of these books:

  1. Heritage (11.66%)
  2. 5Dimes (12.04%)
  3. Paddy Power (15.12%)
  4. Sportsbook.com (15.72%)
  5. Pinnacle (15.95%)
  6. Westgate Superbook (16.92%)
  7. Sports Interaction (18.58%)
  8. Bovada (19.09%)
  9. Bookmaker (19.39%)
  10. BetOnline (20.69%)
  11. Greek (21.81%)

Looking for the latest NBA odds, betting trends and injury updates? Make sure to check out our free NBA odds page.

Have any questions for the staff at Sports Insights? Utilize our live chat to speak with a customer service representative or e-mail us at help@sportsinsights.com.

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David Solar

David Solar has been the Content Manager at Sports Insights for over four years. He specializes in sports betting analytics and has created several popular data-driven betting systems. He can be reached directly at david@sportsinsights.com or on twitter at @TheDavidSolar.

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