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Last season’s WNBA championship odds clearly depicted a two-team race, but the outcome defied expectations.
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With a surge in viewership, the league experienced its most popular season yet, setting the stage for expansion and introducing its players to a broader fan base.
The Las Vegas Aces and New York Liberty were expected to meet in the Finals, but the thrilling finale saw the Aces emerge as the first team in over 20 years to win back-to-back titles.
Heading into the 2024 season, with the arrival of Caitlin Clark and Sabrina Ionescu’s NBA All-Star Weekend appearance, the WNBA is poised for further growth.
This season’s championship odds have seen shifts, with the Aces and Liberty still leading the pack but plenty of excitement brewing elsewhere.
Let’s dive into the latest WNBA Finals odds.
2024 WNBA Championship Odds
 |  |  |
|
| Las Vegas Aces | +110 | +110 | +110 |
| New York Liberty | +275 | +275 | +275 |
| Seattle Storm | +900 | +900 | +900 |
| Phoenix Mercury | +1100 | +1100 | +1100 |
| Connecticut Sun | +1200 | +1200 | +1200 |
| Dallas Wings | +1400 | +1400 | +1400 |
| Indiana Fever | +1800 | +1800 | +1800 |
WNBA free agency kicked off on February 1, and while no major moves have shaken up the league’s top contenders, there’s been significant activity on the periphery.
One of the notable risers is the Seattle Storm, who made a splash by signing former MVP Ogwumike on February 5, adding to their earlier acquisition of Skylar Diggins-Smith, an All-WNBA First Team player in 2022.
With these two elite talents joining Jewell Loyd (an All-WNBA Second Team member last season), Seattle’s odds have surged into the +900 range.
This is a significant improvement from their previous +6500 odds, which were the worst in the league, according to major sportsbooks.
Another team on the rise is the Phoenix Mercury, which faced challenges last season but has bolstered its roster with Natasha Cloud and former Finals MVP Kahleah Copper joining Brittney Griner.
This has lifted Phoenix’s odds to around +1100 after starting free agency at the bottom of the odds ladder. As some teams climb, others inevitably slide.
The New York Liberty’s odds have slightly dipped since the start of free agency, while the Los Angeles Sparks and Chicago Sky, which lost Ogwumike and Copper, respectively, have dropped down the odds board.
Las Vegas Aces
Vegas kept its championship core intact for the expanded 2023 season and added Candace Parker, making them even more formidable.
Despite a slight slump without Parker, they ended the regular season with a league-best 34-6 record.
In the playoffs, even without Parker, Vegas elevated their game. With multiple All-Stars supporting A’ja Wilson, who played with a vengeance after being overlooked for MVP, the Aces displayed the poise of defending champions and the cohesion of a well-synced roster.
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The Las Vegas Aces are your 2023 @WNBA Champions!#RaiseTheStakes pic.twitter.com/jobnzWovzM
β Las Vegas Aces (@LVAces) October 19, 2023
They dominated throughout the postseason. Wilson was unstoppable, making a statement after her MVP snub.
Alongside a “supporting cast” of several MVP-caliber players, they shone brightly on both ends of the court, particularly when key players like Chelsea Gray and Kiah Stokes were sidelined before Game 4 of the Finals.
The Aces achieved a historic feat as the first team in over two decades to win consecutive championships.
With their core returning and Parker re-signing, they are the favorites for a potential three-peat.
New York Liberty
The Liberty’s front office made savvy moves last year, acquiring 2021 MVP Jonquel Jones from Connecticut and signing eventual 2023 MVP Breanna Stewart, bolstering their roster with two of the league’s top talents.
With a formidable Big 3 of Jones, Stewart, and Sabrina Ionescu, alongside players like Courtney Vandersloot and Betnijah Laney, the Liberty appeared to be on par with the Aces’ elite squad.
At the start of the season, the WNBA seemed like a two-team showdown, and that narrative held true for much of the year.
Despite leading at halftime in Game 1 of the Finals, the Liberty couldn’t maintain their momentum as the Aces tightened their defense, limiting them to just 33 second-half points en route to a decisive victory.
Game 2 was a blowout, with the Liberty falling behind 38-19 in the first quarter and ultimately losing 104-76.
Although Game 3 brought a brief resurgence for the Liberty, it wasn’t enough to stop the Aces’ momentum.
Heading into the new season, the Liberty missed out on rumored target Nneka Ogwumike in free agency.
However, the team secured Stewart’s re-signing on February 27, ensuring their core remains intact for another shot at the championship.
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Connecticut Sun
This isn’t about the team that claimed the No. 3 seed in the 2023 regular season but rather the number on a semifinalist.
Last year, we recommended a flier on the Sun at 40/1, and they mostly stayed between 20/1 and 40/1 for much of the regular season despite being the clear third-best team in the league.
True to it, not new to it π
Congratulations @tiffmitch25 on a great first season! pic.twitter.com/ebwZOTlSwc
β Connecticut Sun (@ConnecticutSun) March 26, 2024
As long as the two superteams remain dominant, there’s no need to consider a price as short as this one.
As the season progresses, the Sun and other teams will likely have better buying opportunities.
Indiana Fever
The Indiana Fever are making WNBA history with their second consecutive No. 1 pick, marking the fourth time in the league’s 26-year existence that a team has held the top pick in back-to-back years.
In 2023, Indiana selected Aliyah Boston with the No. 1 pick, and then secured the top spot again in the 2024 draft lottery held in December.
Now, with Iowa standout Caitlin Clark officially declaring for the WNBA draft, the Fever can add another top talent.
Clark, the all-time leading scorer in women’s college basketball, is currently averaging an impressive 32 points per game in her senior year.
Historically, when a WNBA team has had two or more consecutive No. 1 picks, they have won a championship within three years.
With the combination of Boston and Clark now in Indianapolis, the Fever could be on the path to creating their own dynasty.
However, it won’t be easy, as the Fever have not made the playoffs since Tamika Catchings retired after the 2016 season.
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