Sports betting have used the Los Angeles Lakers as formidable favorites to beat the Miami Heat in the NBA finals. However, early betting was geared towards the underdogs and the odds are on the move.
The Lakers are -400 favorites at William Hill US Sportsbook with the Heat listed as a +320 underdogs. The early support for Miami has resulted in the odds on some sports betting shifting.
As of Monday morning, 17 of the first 18 bets on the NBA final in the SuperBook in Westgate Las Vegas were on the rise. The Lakers’ odds have risen from -450 to -360 on the SuperBook since the price was released late Monday night after the matchup.
“It looks like there is a lot of love going on in Miami,”
Despite early interest in the heat, Sherman said the SuperBook is facing a low six-figure liability for the Lakers who won the title. That number started rising in June 2019 when Anthony Davis was acquired and speculation was circulating about the addition of Kawhi Leonard. The SuperBook placed multiple bets on the Lakers in the $ 10,000-20,000 range last summer and the support never stopped.
“It was pretty insistent,” Sherman said of the Lakers’ support. “We took $ 20,000 [on the Lakers] at +140 in mid-September. “
There was a lot of interest in the Lakers throughout the season, but the heat wasn’t a popular choice. Ten teams won more bets to win the title than Miami did on SuperBook, including the Golden State Warriors, which were among the teams that did not participate in the NBA restart in Orlando.
The Lakers are consensus 5-point favorites over the heat in Game 1 of Wednesday’s finals.