Toronto Raptors 2023-24 NBA Championship Odds

Get an Early Look Ahead at the 2024 NBA Championship Odds for the Raptors

Toronto Raptors 2024 NBA Championship Odds

The 2022-23 NBA season has come and gone and the future is full of uncertainty for the Toronto Raptors. After bowing out in the opening round of the play-in tournament in hilariously bad fashion, the Raps are set to look completely different by the time the 2023-23 NBA season tips-off.

After saying sayonara to longtime head coach Nick Nurse, All-Star point guard Fred VanVleet declining his player option, and mix in the always swirling trade rumours around All-NBA forward Pascal Siakam, the Raptors front office have a make-or-break summer in store for them.

With so much speculation and intrigue centred around how next years season could pan out, we are taking a look ahead at the Raptors 2024 NBA Championship odds to see if oddsmakers are giving them a shot at making their way back to the NBA Finals.

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2023-24 NBA Championship Odds

Denver Nuggets+500
Boston Celtics+550
Milwaukee Bucks+650
Phoenix Suns+850
Los Angeles Lakers+1200
Golden State Warriors +1200
Dallas Mavericks+1300
Philadelphia 76ers+1300
Los Angeles Clippers+1500
Miami Heat+1800
Memphis Grizzlies+1900
Cleveland Cavaliers+2500
Sacramento Kings+3000
New Orleans Pelicans+3000
New York Knicks+4500
Atlanta Hawks+5000
Minnesota Timberwolves+5000
Toronto Raptors+6000
Oklahoma City Thunder+7000
Brooklyn Nets+9000
Portland Trail Blazers+10000
Houston Rockets+10000
Chicago Bulls+12000
Washington Wizards+15000
Orlando Magic+15000
Utah Jazz+15000
Indiana Pacers+15000
San Antonio Spurs+20000
Charlotte Hornets+40000
Detroit Pistons +50000

Odds Courtesy of DraftKings Ontario Sportsbook as of June 12th, 2023

Are the Toronto Raptors Worth Betting on Next Season?

With the 2023 NBA Draft as well as a highly-anticipated free agency period still ahead of us, there are numerous question marks looming over the heads of the Toronto Raptors. With the direction and identity of the team up in the air, many are left to speculate over how this upcoming season could pan out.

Currently listed with longshot odds of +6000 to win the 2024 NBA Championship, it’s fair to say that oddsmakers don’t envision seeing the Larry O’Brien making its way back to the Great White North anytime soon.

After bringing in a rookie head coach with an entirely new playstyle to take the helm of a developing team, look for this year to serve as the first step in a quick turnaround for the Raptors success into the future. With top prospect Scottie Barnes hopeful to continue his development while retaining proven talents such as Siakam and VanVleet, it may only be a “soft rebuild” for the Raps next year.

Given the current state of the franchise we would not suggest placing any major money on the Raptors 2024 NBA Championship odds, but if you want to take a flyer on a massive underdog, the Raptors may be worth investing in on the ground floor as they present terrific upside and value entering into their upcoming season.

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Matt Eichhorn

Matt Eichhorn

Having worked in the Sports Gambling industry since 2020, Eichhorn has expertise in all things sports betting. With experience covering various major North American sports leagues he has a wide array of knowledge to draw from when crafting his work.