As we exit the All-Star Break, it’s a fitting time to reassess the odds for this year’s NBA Finals. According to Kalshi’s market, the Boston Celtics and Oklahoma City Thunder both have a 28% chance to hoist the Larry O’Brien Championship Trophy at season’s end.

Are the Boston Celtics or the Oklahoma City Thunder the favorites to win the NBA's 2025 title? It depends on when you ask, or so it may seem to fans of both teams this season. It also likely depend on what you most value in terms of what shows the strength of a title contender.

The defending champions and the two teams with the best records in the NBA are the post-All-Star Game favorites to win the NBA Finals.