The 2022-23 NBA season came to a close Monday night with the Denver Nuggets defeating the Miami Heat in Game 5 of the NBA Finals, winning their first championship in franchise history.
With their core of Nikola Jokic, Jamal Murray, Aaron Gordon, and Michael Porter Jr. all under the age of 30, the Nuggets are set up for a long run of success.
Can they repeat the feat in 2024?
The Nuggets opened this past season at +1675 to win the 2022-23 NBA Finals, which were the 11th-best odds, before putting together a dominant regular season. They finished with a 53-29 record, the best record in the Western Conference and the fourth-best overall, behind the Philadelphia 76ers, Boston Celtics, and Milwaukee Bucks.
MORE: How NBA title validates Nikola Jokic's place among all-time greats
As we now shift into the offseason, let's take a look at how the field looks for the 2023-24 championship odds.
2024 NBA Championship odds
According to the oddsmakers, the Nuggets enter the 2023-24 season with the best odds to lift the Larry O'Brien trophy, just ahead of the Boston Celtics, who were eliminated in the Eastern Conference Finals by the Heat.
The Heat, meanwhile, will begin as underdogs — playing right into their comfort zone. Miami opens with +$17 odds which is tied for the ninth-best odds.
| Team | Odds |
| Nuggets | $6.00 |
| Celtics | $6.50 |
| Bucks | $7.50 |
| Suns | $8.00 |
| Lakers | $10 |
| 76ers | $13 |
| Warriors | $13 |
| Clippers | $15 |
| Heat | $17 |
| Grizzlies | $21 |
| Mavericks | $21 |
| Cavaliers | $26 |
| Kings | $26 |
| Pelicans | $34 |
| Knicks | $41 |
| Hawks | $51 |
| Timberwolves | $51 |
| Thunder | $67 |
| Raptors | $67 |
| Nets | $81 |
| Rockets | $101 |
| Trail Blazers | $101 |
| Bulls | $126 |
| Pacers | $151 |
| Magic | $151 |
| Jazz | $151 |
| Wizards | $151 |
| Spurs | $201 |
| Hornets | $401 |
| Pistons | $501 |
