NBA Playoffs and Finals Betting Odds

The NBA Playoffs are an exciting time for sports bettors, ending every NBA season with two months’ worth of hoops hysteria. In Florida, the Miami Heat have been playoff contenders every year for some time, and now the Orlando Magic have stepped up to start competing alongside them in the postseason battle for an NBA title.

You can bet on the Heat and Magic in Florida, including on their chances to make the NBA playoffs. Here’s a rundown of the latest odds and prospects for Florida’s NBA teams plus more about NBA playoff betting in the Sunshine State.

NBA playoff odds for the Heat and Magic

Here’s a quick overview of what expectations were for the Miami Heat and Orlando Magic entering last season, how they ultimately performed, and some thoughts about 2024-25.

Miami Heat playoff odds

Prior to the 2023-24 season, the Miami Heat were coming off an NBA Finals appearance the year before. That meant their preseason odds to make the 2024 playoffs were relatively short at around –550 or –600 at most online sportsbooks. The Heat ultimately qualified for the play-in tournament and made it through to the first round where they were defeated by the Boston Celtics in a 4-1 series.

The Heat’s preseason playoff odds for 2024-25 should be a little longer, but expectations are they’ll likely be favored to make the playoffs again for a sixth-straight season.

Orlando Magic playoff odds

The Orlando Magic weren’t expected to make the playoffs in 2023-24. Prior to the season, most sportsbooks had the Magic at “+” odds to make the playoffs, setting them at around +160 or +170. The Magic performed better than expected, though, earning a #5 seed in the Eastern Conference and making the postseason for the first time after a four-year drought. With those odds, people who bet on the Magic to make the playoffs before the season began more than doubled their money.

The Magic lost to the Cleveland Cavaliers 4-3 in a hard-fought series. Expect Orlando to have shorter odds to make the playoffs in 2024-25.

How do NBA playoff odds work?

The NBA playoffs see the league’s top 16 teams compete for the championship. Basically, it’s a four-round elimination tournament full of seven-game series contested by the top eight teams each from the NBA’s Eastern and Western Conferences. However, each conference has added a play-in tournament in recent years to decide the seven and eight seeds.

Teams fight for seeding throughout the 82-game regular season and the play-in tournament. After the play-in tournament, the eight-team bracket begins in each conference, with the No. 1 seed playing No. 8, No. 2 vs. No. 7, No. 3 vs. No. 6, and No. 4 vs. No. 5. The winner of the 1 vs. 8 matchup faces the winner of 4 vs. 5. The winner of the 2 vs. 7 matchup faces the winner of 3 vs. 6. Then, the winners of these seven-game series meet in the Conference Finals. The conference winners go on to meet in the NBA Finals with the NBA title and Larry O’Brien Trophy on the line. Each series follows a 2-2-1-1-1 home and away format, with home-court advantage going to the team with the better regular season win-loss record.

Betting on the NBA playoffs can start prior to the season, with futures markets allowing you to bet on any team to make the playoffs or even win the NBA Finals. Of course, NBA playoff betting odds will shift up and down throughout the year alongside each team’s chances and current record. That means the odds on true contenders are likely never better than the offseason or early season. By the time any team looks like a favorite to win it all, the NBA Finals betting odds drop so dramatically that you would have to lay big money to win just a little.

Once the NBA playoffs start, the online basketball betting opportunities ramp up, as you can bet on the playoffs as a whole, every series and every game. Here’s how:

Types of NBA playoff bets 

  • NBA playoff futures/outrights: NBA futures, where you can bet on a team to make the playoffs, win a division, conference or the NBA Finals, for instance, become an outrights market where you bet on teams to win it all once the playoffs start.
  • NBA playoff game lines: Including moneylines, where you pick straight-up game winners and lock in the odds as they are currently posted; spreads, where you pick game winners with a line that the sportsbook has set factored in; and totals, where you bet on whether a total combined game score will land over or under a line the sportsbook has set.
  • NBA playoff props: Bet over/unders on team and player stat lines in every game of the NBA playoffs.
  • NBA playoff live betting: Live, in-game lines and props you can bet on during every NBA playoff game at odds that change with the action.
  • NBA playoff series bets: Bet basic moneylines on teams to win a series or boost the odds by picking specific series game spreads.

Learn more about sportsbook house rules for NBA betting.

Best NBA playoff odds boosts/promos

Online betting sites in Florida and elsewhere run various promotions surrounding the NBA playoffs and NBA Finals. That means reload bonuses matching your deposits come playoff time and top sportsbook promos offering big odds on bets where your side may only need to accomplish something as simple as hitting a 3-pointer. It also means odds boosts, where the sportsbooks bump up the odds on a popular bet, often turning a favorite into an underdog, and bonus bets or at least bonus bets.

Bet on NBA Playoffs and NBA Finals futures

We’ve said it before, and we’ll say it again: You can bet on the overall NBA playoffs and the NBA Finals before either one begins. You can even bet on them before the season begins. That may be the best time to do it, in fact.

NBA futures odds allow you to bet on any team to make the playoffs, win a division, win the conference final, or win the NBA Finals. These bets are open nearly all year, with odds coming out well before the next season starts. You lock in the currently posted odds on any bet when you place it, and those odds are the longest they’re ever going to be on the favorites before the season starts. That means the earlier you get a bet down, the better the odds are likely to be.

Let’s say you get a bet down on the Heat to win the title at +2000 ahead of the season. However, should they run away with the East, heading into the playoffs you’ll have a tough time finding them at better than +240. Likewise, the same shortening odds will apply to futures betting on the Orlando Magic if they perform well during the season.

How to find the best NBA Finals lines in Florida 

Since there is only one online option for sports bettors in Florida, the Hard Rock Bet Sportsbook, you cannot really shop around for the best price at multiple sportsbooks like you can in other states with more than one choice.

That said, as discussed above you can still check back at Hard Rock Bet throughout the season to monitor how the futures odds for the NBA Finals change throughout the season. By comparing sports betting lines in this way, you can potentially time your wager in a way that ensures you are getting the best odds when placing your wager.

How to register a new online sportsbook account in Florida

You have to register for an account at Hard Rock Bet here in Florida before you can bet on the NBA playoffs. You can register for an account on the website or download the app for Android or iOS and do it there. You’ll need to input some personal and account information, including your name, address, phone, date of birth, and the last four digits of your Social Security Number, but it won’t take long.

You may need to install a geolocation app so the sportsbook can verify your location, though most sportsbook apps already include this. Finally, you’ll need to deposit money to your account to bet with. Available deposit methods should include ACH bank transfers, electronic wallets like PayPal, Skrill and Neteller, and some credit and debit cards. Make a deposit and you’ll be ready to browse through the available NBA Finals betting markets and bet on whatever tickles your fancy.

Best NBA Finals betting apps

Hard Rock Bet Sportsbook offers plenty of ways for bettors in Florida to bet on the NBA Finals every year. You’ll find a nice menu of moneyline, spread, totals, props, and futures both leading up to the Finals and during the series, too.

In other states, the DraftKings Sportsbook is among the best online sportsbooks for betting on the NBA playoffs. The lines are competitive, they’re all there, and DraftKings’ software makes them easy to find. Add in various promos, and there is some great value there, too. If you are in an eligible state you can up for a new account with DraftKings Sportsbook, and take advantage of the site’s welcome offer when you do.