LA Lakers Championship Odds
Knowing how the Championship odds for the Los Angeles Lakers work is absolutely vital to making any type of bet for the playoffs. It is a key component of NBA betting in general, as well, as most of these concepts will apply to all types of basketball games. Check back often as these odds will change with the twists and turns of the season.
These odds were last updated February 26, 2021:
|LA Lakers Odds 2021|
|To win Championship 2021||+250||+280||+250|
|To win Western Conference 2021||+120||+140||+150|
|To win Pacific Division||+135||+140||TBA|
In this guide, we will cover the Lakers title odds, their history of taking home the championship trophy, and some tips to reading LA Lakers betting odds. It is a good idea to check out the odds for the other NBA teams to get a more full picture.
LA Lakers Championship History
No other franchise in the history of the NBA has been more successful than the Los Angeles Lakers. They have more than 15 Championship titles. But, of course, the Lakers’ odds to win the titles are based on their roster and record currently. History is not enough here.
Lakers Championship title years:
Of course, many of these titles were when the Lakers were in Minneapolis, Minnesota, where there are quite a few more lakes than in Los Angeles. They changed to their California locale in 1960.
Their history is full of eras. A different star led each of these eras. The Kobe Bryant era was legendary. Amazingly, it is possible that the LeBron James era could surpass even that one in greatness. Only time will tell.
Lakers Odds to Win the Finals
The Lakers do well and are generally one of the favorites to win the NBA finals. Whether looking at the Lakers’ odds tonight or for futures betting, they are almost always in good shape. Their odds will fluctuate slightly from sportsbook to sportsbook, with each one offering some advantages over the other.
For example, at GT Bets, you get a 100% sign-up bonus. This means that if your first deposit is for a value of $150, you will automatically have $300 in your account! This is more than enough to get started betting on plenty of Lakers odds, for the finals or otherwise.
On the other hand, Bovada is the best-known sportsbook. They also have most of the bettors in the US, so if you and a friend want to be on the same sportsbook, they are likely already signed up here! Their interface is incredibly easy to use as well.
Of course, it is always a good idea to sign up at more than one sportsbook. This will give you inside access to line shopping. Plus, you will be able to cash in on multiple welcome bonuses. There’s so much to love!
How to Read LA Lakers Betting Odds
When thinking about how to read Los Angeles Lakers betting odds, a lot will depend on the type of odds format you are seeing. The most common odds formats are the following:
The most common format for bettors in the United States is, you guessed it, the American format. In this format, the lower the number, the more likely that is to be the winning bet. Anything below 0, meaning a negative value, is considered a net favorite to win.
For example, if the Lakers odds to win tonight at -140, they are considered a slight to medium favorite to win. You would have to wager $140 to earn an additional $100 with the winning bet ticket. If they were valued at +140, you would earn $140 by risking $100. The reward is greater because it is a riskier bet.
That is a key give and take of any odds you will look at. The more likely it is, the less you are able to earn. If you are going with the safe bet plan, the LA Lakers will have plenty of odds to win that will fit nicely into your overall strategy.
You can apply this to any number of LA Lakers bets, whether it’s on Lakers odds to make it to the playoffs or win the whole championship. Here are some common Lakers bets
- Future Championship
- Player props
- Team props