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Kevin Durant trade affects Lakers’ championship odds on sportsbooks

According to sportsbooks Caesars and DraftKings, the Phoenix Suns and Miami Heat have a better probability of becoming NBA champions next season. On the other side, the Los Angeles Lakers’ chances are dwindling. Both happened after it was revealed on Thursday, June 30, that Kevin Durant had sought a trade from the Brooklyn Nets.

Previously, bettors preferred the Lakers who had not shown a significant roster change after missing the playoffs last season. Everything changed in no time and the odds of the Lakers as champions seen in the Sportsbook continued to shrink.

As per the reports from several sportsbooks, they saw a surge of interest on Thursday afternoon in betting on the Lakers as next season’s championship winners. Since Wednesday afternoon, the Lakers have drawn 3.5 times more bets than any other team. One of them even placed a $10,000 bet at 22-1 odds. However, at Caesars Sportsbook, the Lakers’ title odds went from 22-1 to 10-1.

Regarding this, Eric Fenstermaker as senior trading manager for Caesars Sportsbook stated in a company release, “People always think the Lakers are going to be the champions.” He also added that Caesars had bet $1,000 to $500 on the Lakers as NBA champions the following season.

Not only at Caesars, but a fairly high interest in the Lakers can also be seen in the DraftKings Sportsbook. Since Thursday afternoon, bettors have placed more bets on the Lakers than on any other team. This was revealed directly by a DraftKings spokesperson to ESPN.

On the other hand, the Nets’ odds on Caesars Sportsbook extended from 15-2 to 35-1 following Durant’s trade request. Meanwhile, Fenstermaker predicts that the Nets have the potential to extend the odds.

He explained, “The Nets are 35-1 at the moment. It might sound too low. But the Nets odds could be 80-1 or 100-1.” According to Fenstermaker, this will depend on what they will get for Durant and what steps the team will take.

Los Angeles Lakers

The Los Angeles Lakers are an American professional basketball team based in Los Angeles. (wikipedia)

ESPN

ESPN is an American international basic cable sports channel owned by ESPN Inc., owned jointly by The Walt Disney Company and Hearst Communications . (wikipedia)

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