(OddsShark.com) — Riding a nine-game winning streak the Toronto Raptors are sitting in second place in the Eastern Conference standings and have vaulted to 28/1 on the updated odds to win the NBA championship at sportsbooks monitored by OddsShark.com.
At 30-15 Toronto looks to be on track to capture their third straight Atlantic Division crown, but has enjoyed limited playoff success, posting just three total straight-up wins over the past two postseasons. That has dampened their NBA futures, which opened and remained stalled at 50/1 prior to the team’s current hot streak.
The Raptors have been getting it done, both on the hardwood and at the sportsbooks, where they are an impressive 26-18-1 against the spread, with only the San Antonio Spurs and Dallas Mavericks covering in more contests this season.
Conversely, the Chicago Bulls have seen their NBA championship odds dip to 33/1 following their current slide that has seen them pick up just three SU wins in their past 10 games, dropping them to fourth place in the Eastern Conference.
The Bulls have also been impacted by injuries including a season-ending shoulder injury to big man Joakim Noah, while former MVP Derrick Rose continues to be plagued by health concerns, including hamstring, ankle and knee injuries.
Following their 120-90 smackdown of the rival San Antonio Spurs on Monday night, the Warriors continue to sit atop the NBA Championship odds as heavy 11/10 chalk.
The victory improved Golden State to a perfect 21-0 SU at home and 41-4 overall on the season, three games up on the Spurs, who continue to chase the Warriors at a healthy 13/5 on the NBA title odds.
Despite leading the Eastern Conference standings, the Cleveland Cavaliers elected to make a coaching change this week, replacing David Blatt with rookie bench boss Tyronn Lue. But while Cavaliers management may have been concerned with the direction of the club, oddsmakers are not, with Cleveland maintaining strong 13/4 odds.
The Oklahoma City Thunder have kept pace with the Warriors and Spurs in the Western Conference standings, but have seen their odds slip to 12/1 from their position at 15/2 at the end of December.
The Thunder are followed by the Los Angeles Clippers, who remain just ahead of Toronto at 25/1 on the NBA championship odds, while a trio of Eastern squads trail the leaders at 50/1, including the Atlanta Hawks, Miami Heat, and Indiana Pacers.