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Your Suns struck a deal with the Oklahoma City on Tuesday that will send All-Everything Chris Paul to Phoenix in exchange for Kelly Oubre Jr., Ricky Rubio, Ty Jerome, Jalen Lecque, and a 2022 first-round draft pick. Oh, Abdel Nader is coming with Paul as well. The same day, the odds for Phoenix to be crowned NBA Champions, reached a level not seen since 2010.
From the brains at oddscheckers.com:
The Suns’ can be backed at a best price of +6600, meaning a $10 wager would return a profit of $660 if Phoenix pulls it off. The odds carry an implied probability of just 1.49%, but some oddsmakers have posted odds as short as +4000 (2.44% implied chance).
These odds have shortened from +10000 just 24 hours ago, following the acquisition of All-Star guard Chris Paul from Oklahoma City Thunder.
This, combined with the fact that the Suns finished the season flawlessly in the bubble and go into the new term with excellent momentum, have prompted some sportsbooks to more than double their chances overnight.
OddsChecker spokesperson Pete Watt: “The rebuilding phase looks to be complete in Phoenix, with Robert Sarver’s sharp offseason acumen showing that he means business this year.”
“Devin Booker has been reinforced big time, and bettors have been getting behind the Suns following news of the trade; 10.34% of all bets placed on the NBA Winner market have backed Phoenix in the past 24 hours.”
That +6600 is already hard to find. Most sportsbooks are working with the +4000 number, though at the time of this writing, MGM is still at +5000.
Working with the MGM numbers, in the mind of bettors Phoenix sits comparably with the Portland Trail Blazers. But rest assured with this week’s draft and a number of high-profile players seeking new homes, these numbers are sure to change wildly.
The Suns odds to win the West are currently +2000. Prior to the trade the Thunder could be had at +10000 to win it all in 2021. Currently they’re going off somewhere between +15000 and +20000. OKC’s odds to win the conference have moved from +5000 to +10000.
The current favorite to win the 2020-21 NBA Championship is the Los Angeles Lakers at around +325. They’re followed by the Milwaukee Bucks at +550 and the Brooklyn Nets at +600.